Pinnacle Announces the Sale of La Riva del Lago Shoppes

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of La Riva del Lago Shoppes located at 135 Main St in Dillon, CO. The 59,774 square foot building consisting of 27 commercial condos on two levels sold for $4,155,000 or $70 per square foot. Rob Edwards and Tom Ethington, Principals, represented the seller in the transaction. Scott Fetter and Joe Hornstein, Principals, represented the buyer in the transaction.

“After years of adding value and successfully self-managing the La Riva del Lago Shoppes, the local seller decided to shorten his Parker to Dillon commute by trading into a more passive triple net retail investment closer to home,” stated Edwards. “These unique commercial condos are located in the heart of Colorado’s ski country, have the only bowling alley in Summit County, and share the structure with 32 high end residential condos on the upper level.”

“The buyer was intrigued by the prospect of a value add asset that will cash flow while being improved. There are not many opportunities like that in Colorado, particularly in locations with high upside like Summit County,” added Fetter.