Pinnacle Announces the Sale of Standley Lake Professional Buildings – Arvada, CO
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of Standley Lake Professional Buildings located at 8721, 8723, 8725 Wadsworth Blvd, Arvada, CO. This three-building office medical complex consisting of approximately 14,692 square feet sold for $1,800,000 or $122.52 per square foot. Eric Shaw, Senior Advisor, represented the seller in the transaction.
“This property was sold to a local investor who was attracted to the property because of its below market rents and its future potential. It was 100% leased at the time of sale. Buyer plans to make significant renovations to the property,” stated Shaw.