Square Feet: 11,878
Address: 19-25 SOUTH 3rd AVENUE
PINNACLE ANNOUNCES THE SALE OF MIXED-USE PROPERTY IN DOWNTOWN BRIGHTON
Denver, CO – October 4th, 2017 – Jim Knowlton, Principal at Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of 19-25 S 3rd Avenue in Brighton, CO. The 11,878 SF property sold for a contract price of $800,000; $67.35 per square foot. The property, currently leased out to 6 tenants, sits on a 0.34 acre lot just off Brighton’s thriving main street. Jim Knowlton with the Knowlton│Lawson Team represented the Buyer in the transaction.
“The Buyer owns another mixed-use retail/residential property right next to this property that he’s done extensive renovations on over the past year and a half. He plans on implementing a similar renovation strategy here, which will allow him to significantly increase his NOI,” said Knowlton.
For more information, please contact Jim Knowlton at 303-962-9543.
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 2016, Pinnacle Real Estate Advisors closed 338 transactions for a total of $622 million. To view a current list of our buildings for sale in Denver, visit:www.pinnaclerea.com/properties.
|Address:||19-25 South 3rd Avenue|