Pinnacle Announces Sale of Retail Strip Center in Lakewood

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 12810 W Alameda Pkwy located in Lakewood, Colorado. This retail property had four occupied units and was built in 2006. Three units where occupied and one had a seller rent guarantee. The building is located just off West Alameda Pkwy. The property sold on July 31, 2019 for $1,920,000 or $243 per square foot.  Eric Diesch & John Redfield, represented the Seller in the transaction.

“This sale represents where the interest in retail market is at.  Bidding was competitive on this asset, we received offers in the double digits which pushed pricing from our initial offering.”- stated Eric Diesch, Senior Broker at Pinnacle Real Estate Advisors, LLC.