Pinnacle Announces Sale of Shopping Center in Aurora, Colorado

Justin Krieger, Principal at Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of Plaza West at Aurora Town Center, an approximately 94,949 square foot retail shopping center on an approximately 7.8 acre site located at 13670 East Alameda Avenue in Aurora, Colorado. The property consists of a shopping center anchored by Dollar Tree and Harbor Freight Tools built in 1984-1985 and a freestanding drive-thru building occupied by Starbucks built in 2021. The property sold for $8,000,000 in an off-market transaction on February 23, 2024. The property was approximately 65% occupied at the time of sale. The Colorado and California-based sellers were long-term holders, and the buyer is a Colorado-based investment group. Justin Krieger handled the sale.