Pinnacle Announces Sale of a Single Tenant Office Asset in Centennial
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 13356 East Briarwood Avenue located in Centennial, Colorado. This office property was built to suit in 2017 for the state’s Office of the Colorado Public Defender and is located east of I-25 just off of Arapahoe Road. The property sold on October 12, 2018 for $7,719,567 or $279.31 per square foot. Jeff Johnson and Peter Sengelmann represented the buyer in this transaction.
“The buyer is a local family whom we assisted in the disposition of their apartment portfolio earlier this year. The subject asset was their up-leg in a successful 1031 Exchange where the buyer was able to double their cash flow,” stated Peter Sengelmann, Advisor with Pinnacle Real Estate Advisors.
“We are very excited to be able to help our clients reposition their real estate portfolio with such a positive outcome,” added Jeff Johnson, Principal with Pinnacle Real Estate Advisors.