Pinnacle Announces Sale of Tier One Land Assemblage in Watkins, CO
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 483 acre contiguous land assemblage located at 35288 E 6th Avenue in Watkins, Colorado for a purchase price of $3,850,000. Jason McClanahan, Associate Advisor on the Johnson Ritter Team, represented the seller in the transaction.
“The site historically operated as a family farm with the remaining family members now having relocated. The seller was able to realize the generational equity within this asset as a very uncertain future around capital gains taxes starts to loom. The buyer is getting an enormous site near the I-70 corridor and right in the midst of the Denver Metro development path. This area is poised to change significantly over the next several years.”
For more information on this sale please contact Jason McClanahan.