Pinnacle Announces Sale of a Medical Office Asset in Colorado Springs

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 3100 N Academy Blvd located in Colorado Springs. This NNN leased multi-tenant medical office property was built in 1975, fully renovated in 2016, and is located on busy N Academy Blvd and Parkmoor Village Dr. The property sold on May 14, 2019 for $3,135,000 or $149.64 per square foot. Corey Sandberg and Jeff Johnson, with the Johnson Ritter Team, represented the Seller in this transaction.  Matt Lewallen, with the Calame Lewallen Team, represented the Buyer in this transaction.

“The Colorado Springs market has seen a significant increase in values over the last few years, providing the seller the opportunity to reduce their planned hold period and move forward with a nice profit.”