Pinnacle Announces Sale of Office Building in Denver, CO
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 7,430 square foot office building for $1,900,000 located at 7090 E Hampden Avenue in Denver, CO. Cody Stambaugh, Senior Advisor, Elizabeth Morgan, Vice President, and Kyle Moyer, Associate Advisor, with The Morgan Stambaugh Group represented the Buyer in the transaction.
“The Buyer, a successful medical spa located in Cherry Creek, searched for a suitable property to acquire for her business over the course of several years. The search concluded when 7090 E Hampden Avenue became available, presenting an ideal match for the medical spa’s operations. The Buyer plans to renovate the property and anticipates opening for business by the end of 2024 or early 2025. We tapped into our network and secured owner-occupied debt at a favorable rate of 5.7% and down payment of 15%,” stated Cody Stambaugh, Senior Advisor with The Morgan Stambaugh Group.