Pinnacle Announces the Sale of 3936 Tennyson Street

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 3936 Tennyson Street located in Denver, Colorado. The 4,827 square foot retail building sold for $1,600,000 or $331.47 per square foot. Jamie Mitchell, Principal and Michael Krebsbach, Senior Advisor, represented the seller and Jules Hochman, Principal, represented the buyer in the transaction.

“The seller had hired us for leasing which provoked a very nice sale offer.  The ownership group decided to sell instead of lease as they were able to attain a close at near a stabilized price and move their equity into a new opportunity. The buyer was interested in the deal given the superb location and future upside in the deal and neighborhood,” stated Mitchell.