Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 5745 New Abbey Lane, Castle Rock, CO 80108. The 40,000 square foot premier fitness retail building sold for $10,650,000 or $266 per square foot. Tom Ethington and Rob Edwards, Principals, represented the buyer in the transaction.

“After owning apartments for 25+ years, the client wanted to 1031 exchange into a more passive investment. The 24 Hour Fitness building offered a service oriented use with a long term corporate lease and we were able to close just 8 days after the sale of their downleg,” said Ethington.