Pinnacle Announces Sale of Office/Retail Property in Denver, CO
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of an office/ retail property located at 2707-2717 East Louisiana Ave, Denver, CO 80210. Paul Nora, Advisor, and Jamie Mitchell, Principal, represented the Seller in the transaction.
“We’re thrilled to have successfully brought this deal across the finish line for our seller, especially in today’s market. I had stayed in touch with him for many years, and we finally met in person after I sold the neighboring property last year. When his long-term tenant decided to move out, he felt it was time to step away from being a landlord after owning the building for over 33 years.
Following the most recent price adjustment, we were able to generate multiple offers and ultimately secured an all-cash, owner-occupant buyer. We closed at over $480 per square foot on the main floor and more than $265 per square foot on the entire building, including the basement.
Congratulations to all parties involved!” stated Paul Nora.
For more information on this sale, please contact Paul Nora at Pinnacle Real Estate Advisors.