Pinnacle Announces the Sale of 5745 New Abbey Lane in Castle Rock
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.