Pinnacle Announces Sale of 11,380 SF STNL Investment Property in Las Animas
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 11,380 square foot retail property that sold for $1,200,000 located at 307 6th Street, Las Animas, CO. The single tenant property is occupied by Family Dollar. Cody Stambaugh and Liz Morgan of The Morgan Stambaugh Group and Tom Mathews assisted the Seller in the Transaction, and Dallas Sandberg of the Johnson Ritter Team represented the Buyer.
“This was an exciting transaction from start to finish that had some minor bumps along the way. We worked with an initial appraisal that significantly missed the mark, lender audible right before the closing date and were backed up against 1031 Exchange deadlines. We were able to navigate all the obstacles to successfully close the transaction and complete the 1031 Exchange for the Buyer. It was a pleasure working with Dallas Sandberg, of The Johnson Ritter Team, who represented the Buyer in the transaction,” stated Cody Stambaugh of The Morgan Stambaugh Group.
“Filled with all the nuances that accompany a 1031 exchange, it was extremely satisfying to help our client fulfill his requirement. Getting this deal to the finish line and moving him from a management intensive investment to a hands off mail box investment was very rewarding,” stated Dallas Sandberg of the Johnson Ritter Team.