Pinnacle Real Estate Advisors Arranges Sale of a Leasehold Interest in a Safeway Shadowed Anchored Retail Center

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of the shadow anchored Safeway Marketplace located at 3325 28th Street in Boulder, Colorado for $2,300,000. Tom Ethington and Rob Edwards of The Edwards | Ethington Team worked with both the buyer and seller in the transaction.

The 19,997 square foot Safeway shadow anchored retail property is strategically positioned in the heart of Boulder’s 28th Street shopping district on the high traffic retail corner of 28th and Iris Avenue. This intersection experiences traffic counts in excess of 69,000 vehicles per day.

“The property is 100% leased to a diverse mix of national, regional, and local credit tenants.  The “A Class” location is irreplaceable and has excellent demographics,” stated Edwards. “All tenants are on long-term leases.”

“This property is within close proximity to the University of Colorado at Boulder, the state’s largest university with 33,000+ enrolled students. Boulder and the University are surrounded by more than 36,000 acres of open recreational space.  Boulder is one of the most highly sought-after places to live in the nation,” stated Ethington.