Justin Krieger, Principal at Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of three contiguous single tenant net leased retail buildings located at 9103, 9115, & 9131 East Colfax Avenue in Aurora, Colorado. The properties sold for $1,900,000 on March 1, 2019 in an all cash transaction. The buildings, leased to Family Dollar, Tacos y Salsas, and Sunrise Chinese Restaurant, total 13,632 SF and sit on a 1.2 acre lot that spans the entire north side of East Colfax Avenue from Alton Street to Beeler Street. Justin Krieger represented the seller, a Denver-based family partnership that had held the property for approximately 50 years. The buyer, also a Denver-based family partnership, purchased the property in a 1031 exchange.

“This deal represented a unique opportunity to purchase three contiguous buildings providing steady cash flow in the short-term with long-term upside in developing a lot stretching from one corner to another along metro Denver’s major east/west corridor.”  said Krieger.