Pinnacle Announces Sale of Multi-Tenant Office Building in Arvada
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 30,454 square foot multi-tenant office building for $2,645,000 located at 12191 W 64th Ave in Arvada, Colorado. Jamie Mitchell, Principal, and Paul Nora, Associate Advisor, represented both the sellers, Arvada Executive Offices, LLC, and the buyers, Caram Commercial Group, LLC.
“We have been involved in the leasing & sale of this property for over 3 years. Very excited to put it in a position to sell at an aggressive cap rate for our clients before interest rates continue to rise. The buyers got this property at a great price per pound, and I look forward to seeing the work they plan to do to modernize this office. Congratulations to all parties!” said Paul.