Pinnacle Announces the Sale of a Net Leased Property
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 4251 East 104th Avenue located in Thornton, Colorado. The 6,600 square foot retail building sold for $1,550,000 or $234.85 per square foot. Justin Krieger, Senior Advisor, represented the seller in the transaction, and Scott Fetter, Senior Advisor, represented the buyer.
“The property was originally constructed as a Starbucks-anchored strip center in 2006. That plan didn’t materialize, and it turned into a single tenant gym. The seller acquired the property for $1,075,000 about a year and a half ago, and the buyer purchased it in a 1031 exchange.” said Krieger.