Pinnacle Announces the Sale of SafeSplash Swim School in Aurora
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 5930 South Gun Club Road located in Aurora, CO. The 8,600 square foot retail building sold for $2,800,000 or $326.00 per square foot. Tom Ethington and Rob Edwards, Principals, represented the seller, Swim Schools of America, LLC. Kevin Calame and Matt Lewallen, Principals, represented the buyer, SSA, LLC.
“Service oriented retail uses are becoming more sought after in the investment community. SafeSplash is the industry’s leader of swim schools and will provide great stability for the new owner. This is a great example of how a sale leaseback can unlocked real estate equity for a company to help to fuel growth,” stated Ethington.
“The buyer saw the opportunity to trade out of multifamily while the cap rates are low and trade into a NNN asset that had less management and higher return,” stated Calame.