Pinnacle Announces Sale of a 43,836 SF Neighborhood Center in Wheat Ridge
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 4980 & 4990 Kipling Street located in Wheat Ridge, Colorado. Independence Square was built in 1984 and renovated in 2008. The neighborhood center is located just north of the I-70 and Kipling Street interchange with excellent access and visibility. The property sold on March 11, 2016 for $5,350,000 or $122.05 per square foot. Jeff Johnson and Matt Ritter, with the Johnson Ritter Team, represented the buyer in the transaction.
“The buyer was in a 1031 exchange and we were able to find a nice property with significant upside that fit well in their existing retail portfolio,” stated Jeff Johnson, principal at Pinnacle Real Estate Advisors.