Pinnacle Announces Sale of 41,163 SF Multi-Tenant Retail Property
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 41,163 square foot Multi-tenant Retail property for $10,100,000 located at 14455-14715 W 64th Ave., Arvada, CO. Corey Sandberg, Vice President, and Jeff Johnson, Co-Founder, represented the Seller in the transaction.
“This sale was a culmination of nearly 20 years of investing in real estate. Starting with a small apartment purchase in 2005, the Sellers have successfully utilized the 1031 exchange to increase their holdings and equity as well as adding value to multiple properties. The Sellers did an excellent job of adding value to this center during their time of ownership and increasing the occupancy. Their diligence maximized their returns as well as increased the desirability of the entire center for tenants and the Buyer. We are honored to have been trusted by our clients for nearly 20 years and are ecstatic to see them substantially increase their initial investment through honorable stewardship, trust, and patience,” stated Johnson and Sandberg.