Pinnacle Announces the Sale of a Multi-Tenant Office Building in Pueblo
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a multi-tenant office building for $825,000, located at 1612-1624 Bonforte Blvd, Pueblo, Colorado. Jamie Mitchell (Principal), and Paul Nora (Associate Advisor), represented both the seller, Lesavoy Properties LLC, and the buyer, John Galt LLC, in the transaction.
Nora stated, “This was a great off-market transaction for both parties. Our buyers were able to achieve their goal as I helped them purchase their 2nd office property at over an 8% cap rate in the past 10 months. The seller purchased the property a year and a half ago and did a fantastic job improving the property as well as leasing it up to 100% occupancy. He was able to re-sell the property for over double what he purchased it for 18 months later. Congratulations to both parties on a smooth transaction!”