Pinnacle Announces the Sale of Rare STNL Asset in Colorado for $5,150,000
Posted on November 24, 2020
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a rare STNL asset in Colorado for $5,150,000 ($669.44/SF) located at 16255 Washington Street, Thornton, CO 80023. Corey Sandberg, Advisor, represented the seller, WashCo LLC, in the transaction.
We were pleased to be able to facilitate the transaction of such a rare asset in Colorado for our client. While the sale we achieved was a record for the Seller on a national level, due to the nature of the asset, the Buyer was able to walk into a higher return than would be found on some of this building’s more traditional STNL peers. The unmatched location of the asset, and a long-term lease with a large and proven tenant, should provide stability for years to come.