Pinnacle Announces Sale of 15K+ SF Industrial Investment in Arvada
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 15,975 square foot industrial property for $5,050,000 located at 5335 Xenon St in Arvada, Colorado. Mark Alley, Advisor on the Schneider Grimes Investment Services Group, represented the Seller in the transaction.
“In today’s dynamic investment market, we are pleased to have successfully facilitated the sale of this single-tenant property on behalf of the seller. The transaction closed at a 6.41% capitalization rate with an out-of-state buyer. The tenant in place, Alio Industries, is a subsidiary of Allient (ALNT), a publicly traded company, providing added stability and reassurance to the investment. The building is state-of-the-art, featuring solar and geothermal systems that contribute to its energy efficiency and advanced design” stated Alley.