Pinnacle Announces Sale of Multi-Tenant Shopping Center in Littleton
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 37,458 square foot multi-tenant shopping center for $4,550,000 located at 9012, 9032, & 9142 W Ken Caryl Avenue in Littleton Colorado. Dallas Sandberg, Advisor on the Johnson Ritter Team, represented the Seller, and Thomas Graeve, Senior Advisor, represented the Buyer.
“We were able to secure several offers on this property resulting in an ideal situation for our seller, allowing them to take advantage of the extremely competitive market, low interest rates and lack of inventory. It was a pleasure to work with the buyer’s representative, Thomas Graeve at Pinnacle Real Estate Advisors, to complete this transaction,” stated Sandberg.
Graeve assisted the Buyer, Salty Dog Properties LLC, in coordinating the sale of two properties to complete a 1031 exchange into the Ken Caryl Avenue property. The Buyer plans to improve the property, fill current vacancies, and hold it long-term.
For more information on this sale please contact Dallas Sandberg and Thomas Graeve.