Pinnacle Announces Sale of Multi-Tenant Retail Investment in Texas
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 32,793 square foot retail center for $6,850,000 located at 2325 S Stemmons Freeway, Lewisville, TX. Cody Stambaugh, Senior Advisor, with The Morgan Stambaugh Group & Peter Sengelmann, Vice President, with The Diesch Sengelmann Team represented the buyer in the transaction.
“We were please to assist the buyer in the acquisition of this retail investment property in Lewisville, Texas. We sold the investors down-leg in Colorado Spring, CO in May 2022 and were tasked with finding a suitable up-leg in a severely competitive market. Our teams worked together to tap into our national recourses to successfully identify and close on the transaction to satisfy the 1031,” stated Cody Stambaugh with The Morgan Stambaugh Group.
“The buyer is a great client of ours and we were excited to be able to help him successfully execute a 1031 exchange. His new property should provide stable cash flow for years to come.” Stated Peter Sengelmann with the Diesch Sengelmann Team.