Pinnacle Announces the Sale of Waner Building in Highlands Ranch
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of the Waner Building located at 8950 Barrons Boulevard in Highlands Ranch, Colorado. This 11,971 square foot office property sold on August 1st, 2014 for $2,460,000 or $205 per square foot. The sale was a cash deal and sold for $60,000 above list price. The property is 100% occupied by two NNN tenants; Waner Construction & Great West. According to CoStar data, this sale is the second highest reported price per square foot for the Highlands Ranch submarket.
Rob Edwards, Eric Shaw and Tom Ethington, Senior Advisors with Pinnacle Real Estate Advisors, represented the sellers, Hubba Hubba LLC, in the transaction. Brandon Gouker, Advisor at Pinnacle Real Estate Advisors, represented the buyer, Winkes Sound LLC & Lorenz Sound LLC in the transaction.
“Our direct marketing campaign quickly created immense buyer interest and a competitive bidding atmosphere. The high quality construction and Waner Construction’s recent lease extension were some of the selling points,” stated Rob Edwards, Senior Advisors at Pinnacle Real Estate Advisors.
“My clients were attracted to this property due to the high quality construction, long term NNN leases with solid tenants Waner Construction and Great West, and excellent location,” stated Brandon Gouker, Advisor at Pinnacle Real Estate Advisors.