Pinnacle Announces the Sale of Mixed-Use Property in Downtown Brighton
Posted on October 6, 2017
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 19-25 South 3rd Avenue in Brighton, CO. The 11,878 SF property sold for a contract price of $800,000; $67.35 per square foot. The property, currently leased out to 6 tenants, sits on a 0.34 acre lot just off Brighton’s thriving main street. Jim Knowlton, Principal with the Knowlton│Lawson Team, represented the buyer in the transaction.
“The buyer owns another mixed-use retail/residential property right next to this property that he has done extensive renovations on over the past year and a half. He plans on implementing a similar renovation strategy here, which will allow him to significantly increase his NOI,” said Knowlton.