Pinnacle Real Estate Advisors

Pinnacle Real Estate Advisors had a great time filling backpacks last week at A Precious Child! Our team helped organize donations and worked together to fill 139 backpacks, which will directly support kids in Colorado. We are grateful for the opportunity to give back to our community and make an impact! #APreciousChild

Pinnacle Real Estate Advisors is pleased to announce the sale of a 19,597 square foot industrial portfolio for $3,225,000 located at 2261 W Cornell Ave. & 3050 S Zuni St in Englewood, Colorado. Chase Grimes, Vice President, represented the Seller, and Kristjan Danis, Advisor, represented the Buyer. “In a competitive buyer environment, we worked hard to find the right buyer with the most attractive terms to reach the finish line and secure a win for all parties. With below-market rents, this single tenant investment was ideal for the buyer who was seeking a value-add opportunity that included an aspect of industrial outdoor storage,” stated Danis. Read more about this sale here: https://lnkd.in/gSAmPDxD

Cushman & Wakefield and Pinnacle Real Estate Advisors are pleased to announce the sale of a two-building 31 bed facility totaling 23,083 square feet for $5,200,000 located at 6507 & 6509 Santa Fe Drive in Littleton, Colorado. Bill Lucas and Luke Myles with Cushman & Wakefield and RC Myles with Pinnacle Real Estate Advisors represented the seller Arapahoe Mental Health Center in the transaction. The Seller will continue to occupy and operate the facility in the near term, and the Buyer has plans to move into the property thereafter. The property saw interest from numerous buyers who wanted to take advantage of the great exposure and access on S Santa Fe, the well maintained and attractively landscaped property and the unique licensed use. Read more about this sale here: https://lnkd.in/gAZcQwQj

Pinnacle Real Estate Advisors is pleased to announce the sale of a two-tenant 38,114 SF office, light industrial and warehouse facility situated on 3.3 acres of land for $4,800,000 located at 4725 Independence Street in Wheat Ridge, Colorado. John Reynolds and James Wachholz with Cushman & Wakefield and RC Myles with Pinnacle Real Estate Advisors represented the seller, Tecta, LLC and Solo@LHC, LLC, in the transaction, and Mark Alley and Paul Schneider with Pinnacle Real Estate Advisors represented the Buyer. “It was a pleasure working with Tasman, Inc., a company that is rapidly expanding on many levels. Not only did they need more square footage, but also additional functionality for their operations. I am grateful that they gave me the opportunity to assist them in starting their next chapter of growth and success,” stated Alley. “There was strong interest in the building from multiple buyers. The Seller was particularly impressed with Tasman’s efficient due diligence process. The result was a favorable outcome for all parties involved,” commented Myles. Read more about this sale here: https://lnkd.in/gNSPxggn

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Pinnacle Real Estate Advisors is pleased to announce the sale of a 13,855 square foot office/ flex building located at 7456 West 5th Ave in Lakewood, Colorado for $1,475,000. Greg Titus, Vice President, Paul Nora, Advisor, and Jamie Mitchell, Principal, represented the seller in the transaction. “Through the turbulent lending market, we were able to secure a well-credited, established operator. The sellers are eager to move on from the property and we are excited to see the future vision of the buyer. Congrats to all parties!” said Titus. Read more about this sale here: https://lnkd.in/gj5Y4ngn

Pinnacle Real Estate Advisors is pleased to announce the sale of a 8,511 square foot liquor store business for $1,977,500 located at 18611 Green Valley Ranch Blvd., Denver, CO. Levi Saxen, Associate Advisor, and Corey Sandberg, Vice President with the SandbergMonette Team facilitated the sale and purchase for Buyer and Seller in the transaction. “We were honored to assist the Buyer and Seller in this successful sale of this liquor business. Following our marketing process, we were able to create a competitive environment garnering multiple offers. We focused heavily on helping the Seller select the correct Buyer profile as sale attempts prior to ours had failed; continuing to guide & work diligently with all parties involved we were able to overcome a number of complicated situations and achieved everyone’s goal of a successful transaction. The Buyers are moving forward with taking over a thriving business, while the Sellers have the chance to pursue new opportunities,” stated Saxen. Read more about this sale here: https://lnkd.in/dePEy5XH

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Pinnacle Real Estate Advisors is pleased to announce the sale of an office property located at 12381 E Cornell Ave, Aurora, Colorado. Paul Nora, Advisor, and Jamie Mitchell, Principal, represented the Buyer in the transaction. “The lender blew out of this deal three days before scheduled closing and we were able to get creative and successfully negotiate Seller-Carry terms that satisfied all parties. My buyer looks forward to running their chiropractic business out of this property. Congratulations to the buyer and seller!” said Nora. Read more about this sale here: https://lnkd.in/dE3CR7K6