Pinnacle Announces Sale of Triple Net Retail Investment in Colorado Springs
Cody Stambaugh & Liz Morgan with Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of a 37,035 square foot retail building for $4,850,000 located at 3235-3275 East Platte Avenue in Colorado Springs, Colorado. Cody Stambaugh & Elizabeth Morgan with The Morgan Stambaugh Group represented the Buyer in the transaction.
“We successfully structured the sale of eight single family homes to consolidate the funds through a 1031 Exchange into one multi tenant retail investment in Colorado Springs. This is a great acquisition that will simplify life for the investor through this stabilized asset. We are very please with the price the buyer was able to acquire the property and will be an excellent long term cash flowing asset” stated Cody Stambaugh with The Morgan Stambaugh Group at Pinnacle Real Estate Advisors.
For more information on this sale please contact Cody Stambaugh or Liz Morgan.