Pinnacle Real Estate Advisors, LLC is proud to announce the successful sale of a retail strip center located at 5730 E Otero Avenue in Centennial, Colorado. The 11,004 square-foot, 8-unit property traded hands for $1,770,000.

The transaction was facilitated by Kyle Moyer, Associate Advisor; Cody Stambaugh, Senior Advisor; and Elizabeth Morgan, Vice President at Pinnacle Real Estate Advisors, who acted as transaction brokers for the seller, M&M Holdings, LLC, and the buyer, KGN Investments, LLC.

At the time of sale, the center was approximately 50% vacant, with several tenants operating under modified gross leases and an atypical layout that included a non-traditional office component. These factors—combined with a tight debt market—presented clear challenges in conveying the asset’s long-term potential.

“This was a true value-add opportunity, but one that required vision and creative problem-solving,” said Moyer. “It wasn’t a plug-and-play deal, and we worked closely with both parties to help them see the upside.”

In conjunction with the sale, the Pinnacle team also secured a new lease with Scalp Therapy, LLC for a 1,424-square-foot space. As part of the lease-up strategy, the team successfully converted the lease structure from an expense-stop modified gross to a true NNN lease, enhancing the property’s long-term income profile.

“This transaction highlights our team’s ability to navigate complex assets and deliver value to both sellers and buyers,” added Moyer. “We look forward to continuing our work with the new ownership to lease the remaining space and position the asset for full stabilization.”