Pinnacle Announces the Sale of a Multi Tenant Retail Center in Westminster
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 71,367 square foot retail center, located at 8601 Sheridan Boulevard in Westminster, Colorado. The property sold for $8,000,000 or $112.09/SF. Peter Sengelmann, Eric Diesch and Jackson Coon represented the seller in the transaction. The property is situated just to the southeast of the numerous new development projects in downtown Westminster and directly off US HWY 36. The listing team was able to attract a national real estate investment company that was looking to acquire a stable retail asset for the upleg of their 1031 exchange. It was a quick process to get the deal under contract and the team was able to broadcast the property effectively to find the perfect buyer, “We were able to completely satisfy our client’s expectations through the disposition process and we are excited to work on future deals with both parties involved the transaction,” stated Peter Sengelmann, Senior Advisor at Pinnacle Real Estate Advisors.
Pinnacle is immensely proud of this transaction, not only because of how this team continues to exceed client’s expectations but this transaction in particular highlights the team’s relentless effort and problem-solving abilities to get deals done.