Pinnacle Announces the Sale of 7345 S Pierce Street Offices

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 7345 South Pierce Street located in Littleton, CO. The 13,172 square foot office building sold for $1,275,000 or $97 per square foot. Kevin Calame, Principal, represented the buyer, Bannock Street Holdings, LLC. Jeff Johnson, Co-Founder and Principal, represented the seller, Pierce Street Offices, LLC in the transaction.

“The seller put a lot of time and effort into renovating and stabilizing the property and was able to take advantage of significant appreciation by trading at this time,” stated Johnson.

“The buyer was able to substantially increase their return trading into this asset from their apartment asset,” added Calame.