Pinnacle Announces Sale of 3,464 SF Single Tenant Retail Building in Broomfield
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 6801 W 120th Ave located in Broomfield, Colorado. This single-tenant retail property was built in 1986. The building is located just off W 120th Ave and Main St near Highway 36. The property sold on May 11, 2016 for $975,000 or $206.22 per square foot. Cody Stambaugh, Matt Ritter, Jeff Johnson, and Peter Sengelmann with the Johnson Ritter Team, represented the Seller in the transaction.
“We were pleased to represent the Seller in the sale of Burger King located at 6801 W 120th Ave in Broomfield, CO. The Burger King tenant has a short term lease at the property, expiring in the end of 2016, which complicated the deal for many investors but we were able to secure a developer who plans for future redevelopment on the site,” stated Cody Stambaugh, Advisor at Pinnacle Real Estate Advisors.