Pinnacle Announces the Sale of 1489 Steele Street

Billy Riesing,  Advisor at Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1489 Steele Street #C-C located in Denver, Colorado. The retail space is 1,348 square feet and is located on the East Colfax Corridor.  Billy Riesing represented the seller in the transaction and Justin Krieger represented the buyer. The property closed for $435,000 or $323 per square foot.

“East Colfax continues to be one of Denver’s hottest retail corridors.  Local tenants have always thrived on this historic avenue, and now with the consistent entry of national-credit tenants, investors are stabilizing various assets with market-conducive triple-net leases that provide strong and stable yields,” stated Billy Riesing.

Riesing added that “This sale represents the continued market strength of the East Colfax.”