Denver, CO – March 12, 2019 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 12302 E 104th Pl located in Commerce City, Colorado. This retail property was built in 2007 and is located at the intersection of 104th & Highway 2. The 100% NNN leased property sold on March 8, 2019, at a 6.4% cap rate, for $2,440,000. Corey Sandberg and Jeff Johnson, with the Johnson Ritter Team, represented the Buyer in this transaction.
“Our client was able to fulfill their 1031 exchange with an asset that had long term, annually increasing, absolute NNN leases, in place. Their goal was to obtain a low-maintenance asset providing a healthy return.” stated Corey Sandberg with Pinnacle Real Estate Advisors.
For more information, please contact Corey Sandberg at 303-407-9784 or e-mail at CSandberg@PinnacleREA.com.
Pinnacle Real Estate Advisors
Pinnacle Real Estate Advisors is a full-service commercial real estate brokerage firm servicing clients globally who own commercial properties in the metro Denver area and throughout Colorado. Our expertise encompasses all commercial real estate property types. We have experienced advisors specializing in apartment building sales and acquisition; retail property sales, leasing and acquisition; office property sales, leasing, tenant representation, and acquisition; and industrial property sales, leasing and acquisition. The Pinnacle Experience™ is a unique approach that is focused on each client’s needs, delivering superior real estate guidance, proven market perspective and unmatched results. Pinnacle Real Estate Advisors combines market expertise with a Full Spectrum Marketing™ campaign that delivers innovative real estate solutions that are client-centric and relationship focused. In 2018, Pinnacle Real Estate Advisors closed 348 transactions for a total of $703 million. To view a current list of our buildings for sale, visit: http://listings.pinnaclerea.com/.
