Pinnacle Announces the Sale of Kneaders Bakery and Cafe Located in Highlands Ranch
Tom Ethington and Rob Edwards, Senior Advisors at Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of Kneaders Bakery and Cafe located at Center Driver and Highlands Ranch Parkway in Highlands Ranch, Colorado. This newly constructed property is 3,798 square feet with a 1,000 square foot patio. The property is centrally located in Highlands Ranch and leased for 15 years to Kneaders Bakery and Café.
The sale closed on October 16, 2015 and traded for $2,636,363 or $694 per square foot. Tom Ethington and Rob Edwards had the Property listed and represented the Seller.
“Kneaders Bakery is a new food brand that is here to stay. We are continuing to see demand for well-located single tenant assets to help diversify investor’s portfolio. This high-quality location should appreciate nicely over the long term while providing a good hedge against inflation for the new owner.” stated Ethington.