Pinnacle Announces the Sale of Silver Vines Winery in Arvada
Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of Silver Vines Winery located at 7509 Grandview Avenue in Arvada, Colorado. This 2,500 SF retail building sold on November 12th, 2015 for $1,075,000 or $430 per square foot. Rob Edwards and Tom Ethington, Senior Advisors, represented the seller and Kevin Calame and Matt Lewallen, Senior Advisors, represented the buyer in the transaction.
“This single tenant net leased sale represents the emergence of Olde Town Arvada and the positive effect of RTD’s Gold Line Light Rail project. The property is strategically positioned directly across the street from the future Olde Town Arvada light rail station. This nine acre transit oriented development site will consist of a 600 space parking structure, 153 unit apartment building, RTD bus transfer station, and a 36,000 square foot “festival” deck designed to accommodate public events. The tenant, Silver Vines Winery, opened on December 2, 2011 and has enjoyed a strong following ever since. Their long term triple net lease secures Silver Vines Winery’s place in the heart of this premier retail & restaurant destination.” stated Edwards.