Pinnacle Announces the Sale of a Mixed-Use Campus in Ken Caryl
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 22,000 square foot commercial mixed-use campus in Ken Caryl for $2,790,000 ($126.82/SF). The four-building campus, located in Littleton, CO came equipped with 6 tenants, and room for the buyer to occupy the remaining space as an owner/user. Corey Sandberg, Advisor, represented the seller in the transaction.
“The seller completed development of the campus, which is a very flexible property within a high demand owner/user area. After solidifying leases on approximately 50% of the units, they were able to position this as an income generating owner/user asset which qualified for SBA financing. The buyer is getting a property in excellent condition, with established tenants, as well as ample customizable space to suit their own day-to-day operations. This deal is a win-win for all parties.” stated Corey Sandberg, Advisor at Pinnacle Real Estate Advisors.