Pinnacle Announces the Sale of 1201 W Custer Place
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.”