Pinnacle Announces the Sale of a Single-Tenant Medical Office Asset in Arvada

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 6303 Wadsworth Bypass located in Arvada, Colorado. This single-tenant medical office property has 12,774 square feet. The property was originally built in 1986, with extensive renovations in 2016. The building is located south of West 64th Avenue on Wadsworth Bypass, and within one mile from Olde Town Arvada and the new RTD Gold Line. The property sold on August 8th, 2018 for $1,500,000 or $117.43 per square foot. The Johnson Ritter Team represented both Buyer and Seller in the transaction

“The Buyer was able to complete the up-leg of their 1031 Exchange, purchasing a fully renovated building, housing an excellent tenant, and producing a very healthy return,” stated Corey Sandberg, Associate Advisor at Pinnacle Real Estate Advisors.