Pinnacle Announces the Sale of the Westlake Shopping Center in Broomfield, Colorado
Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of the Westlake Center, a 11,288 SF net leased multi-tenant retail center on a 1.57 acre lot located at 12920 Lowell Boulevard in Broomfield, Colorado. The property sold for $2,000,000 on May 31, 2017. The property was 100% occupied by 7 tenants at closing. Justin Krieger, Principal, represented the local seller and local buyer in the transaction.
“Due to the property’s high cap rate and continued strong demand for retail properties in the Denver/Boulder metro area, we received substantial buyer interest and went from contract to closing in under a month at full price.” said Krieger.