PINNACLE ANNOUNCES SALE OF SINGLE-TENANT MEDICAL OFFICE ASSET IN ARVADA

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Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 6303 Wadsworth Bypass located in Arvada, Colorado. This single-tenant medical office property has 12,774 square feet.  The property was originally built in 1986, with extensive renovations in 2016.  The building is located south of West 64th Avenue on Wadsworth Bypass, and within one mile from Olde Town Arvada and the new RTD Gold Line. The property sold on August 8th, 2018 for $1,500,000 or $117.43 per square foot.  The Johnson Ritter Team represented both Buyer and Seller in the transaction

 

The Buyer was able to complete the up-leg of their 1031 Exchange, purchasing a fully renovated building, housing an excellent tenant, and producing a very healthy return,” stated Corey Sandberg, Associate Advisor at Pinnacle Real Estate Advisors.

For more information, please contact Jeff Johnson or Corey Sandberg at 303-407-9784 or e-mail at JJohnson@PinnacleREA.com, 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 2017, Pinnacle Real Estate Advisors closed 346 transactions for a total of $604.3 million. To view a current list of our buildings for sale, visit: http://listings.pinnaclerea.com/.

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