Pinnacle Announces the Sale of 4151 East Colfax Avenue
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 4151 East Colfax Avenue located in Denver, CO. The 6,513 square foot retail building sold for $2,850,000 or $438 per square foot. Kevin Calame and Matt Lewallen, Principals, represented the buyer in the transaction. Tom Ethington and Rob Edwards, Principals, represented the seller in the transaction.
“The building sale comes in the wake of Streamline Brands making a number of key acquisitions and business developments over the past year,” stated Ethington. “The decision to perform a sale leaseback allowed Streamline Brands to free up a considerable amount of equity to help fund their strong growth plans. Investors liked the infill location of the real estate and service oriented use of the building.”