Pinnacle Announces the Purchase of Two-Tenant Retail Asset in Montrose, CO

Pinnacle Real Estate Advisors, LLC is pleased to announce the purchase of a two tenant retail asset in Montrose, CO. The property, situated on the Main Street of Montrose heading out of town is a Harbor Freight and Big 5. Although this deal not only proved challenging by going under contract just before the pandemic hit but also because of the immense amount of legal work to restructure the Association of the retail center. It was a difficult task in a very tight market but the team was able to satisfy both the buyer’s and seller’s concerns, “This was just a huge win for our team and our client. Navigating the pandemic is challenging enough but the way we were able to put our heads together to get a more uniform and adequate Association structure for our client proves how our team can overcome just about anything to help facilitate transaction.” stated Peter Sengelmann, senior broker at Pinnacle Real Estate Advisors.

Pinnacle is very proud of this transaction, not only because of the hard work that was put in but more importantly, it shows the diversity of the retail team here and their ability to adapt to any situation. Eric Diesch, Peter Sengelmann and Jackson Coon represented the Buyer in the transaction.