Pinnacle Announces Sale of a Single Tenant Retail Building in Arvada
Posted on March 1, 2016
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 9543 Ralston Road located in Arvada, Colorado. This single-tenant retail property was built in 1971. The building is located just off West 58th Avenue and Ralston Road. The property sold on December 17, 2015 for $800,000 or $157.08 per square foot. Cody Stambaugh, Matt Ritter, and Jeff Johnson with the Johnson Ritter Team, were transaction brokers on the deal.
“The seller of the property operated the business at the location for many years. The Seller leased back the property from the Arvada Urban Renewal Authority who will eventually incorporate the property into the redevelopment plans in the area,” stated Cody Stambaugh, advisor at Pinnacle Real Estate Advisors.