Pinnacle Announces the Sale of 1201 W Custer Place
Posted on January 3, 2017
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1201 West Custer Place in Denver, Colorado. The 8,432 square foot office/flex building sold for $875,000 or $103.77 per square foot. Eric Shaw, Senior Advisor, represented the seller in the transaction.
“This property sold as an investment property. The buyer was in a 1031 Exchange,” stated Eric Shaw. “The property had a marijuana grow tenant leasing the entire property. The buyer liked the property because of the high cap rate (11.6%) and its central location.”