Pinnacle Announces the Sale of 774 Maleta Lane
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 774 Maleta Lane, a 9,740 SF single-tenant retail building, built in 2004 on a 1.18 acre lot, located in Castle Rock, Colorado. The property sold for $2,500,000 on December 21, 2017. Jamie Mitchell, Principal, and Jeff Johnson, Co-Founder and Principal, exclusively represented the Colorado seller to procure an owner user.
The property was occupied by the seller who operated the Fowl Line Sports Bar and a Bio Tech Laboratory out of two different units on the property. Both businesses will be vacating after the first of the year in 2018 to make way for a state of the art Emergency Veterinarian Hospital.
“This was a great fit for the buyer who was very excited to take over an existing building,” said Mitchell. “They had contemplated a ground up development but ultimately decided on this building because of the condensed timing to get the construction started and the business open.”