Justin Krieger Announces the Sale of a Net Leased Restaurant Property in Louisville, CO
Justin Krieger, Senior Advisor at Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of the net leased Old Santa Fe Mexican Grille restaurant property located at 592 South McCaslin Boulevard in Louisville, Colorado. The property, an approximately 5,128 SF restaurant building on a 0.21 acre site, sold on November 7th for $1,620,000. Krieger represented the seller and procured the all-cash 1031 exchange buyer.
“The property sold for $970,000 in 2014, and the price appreciation from the last sale demonstrates the strength of the net leased retail market and demand for Boulder County investment properties. Once the property’s major anchor (a former Sam’s Club) is re-tenanted, I believe the area will get even better.” said Krieger.