Pinnacle Announces Sale of Multi-Tenant Office Building in Castle Rock
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1189 South Perry Street in Castle Rock, CO. This office building was built in 2005. The building is located just east of I-25 near the intersection of Plum Creek Parkway and Plum Creek Boulevard. The property sold on March 16, 2018 for $3,450,000 or $269.51 per square foot. Corey Sandberg and Jeff Johnson, with the Johnson Ritter Team, represented the seller in the transaction.
“The mutually beneficial sale of 1189 S Perry saw our sellers capitalize on over a decade of hard work and ingenuity on an asset they built. Our clients will be passing to the buyers a coveted, 100% occupied investment, which benefits from a high net worth market and stable tenancy due to the limited amount of local office space. It was a pleasure to help two parties advance their real estate portfolios,” stated Corey Sandberg, Associate Advisor at Pinnacle Real Estate Advisors.