Pinnacle Announces the Sale of 1423 Race Street in Denver

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1423 Race Street located in Denver, CO. The 5,338 square foot office building sold for $1,725,000 or $323 per square foot. Kevin Calame, Principal, represented the buyer, George Wolf Memorial Trust and seller, Dave Chvosta in the transaction.

“The seller saw a terrific opportunity to take advantage of the equity that has been built in 1423 Race and trade into a local retail deal with lower management and over 200 basis points higher return on his equity,” stated Calame.