Pinnacle Announces the Sale of 3866-3880 S Broadway

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 3866-3880 South Broadway in Englewood, CO. The fully renovated, multi-tenant property, built in 1961 is located along Englewood’s Main Street Corridor on South Broadway. The property sold on December 10th for a contract price of $1,350,000; $311 per square foot. The property featured 4,328 SF Retail/Office space. Comprised of 3,223 SF of restaurant space and 1,105 SF of 2nd floor retail space, garage / work space below the unit. Jamie Mitchell, Principal represented the Seller, and Cody Stambaugh, Advisor represented the Buyer in the transaction.

“The Seller felt it was an opportune time to exchange and had already strategized to purchase a replacement property by utilizing a reverse 1031 exchange prior to closing on this asset” said Mitchell.

“The experienced purchasers were interested in the investment as the property is in great conditions with new leases and see future growth in Englewood,” said Stambaugh.

Read more about this deal here