Pinnacle Announces Sale of Portfolio in Golden

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 607 19th Street and 1850 Ford Street located in Golden, Colorado. The portfolio consists of an office building totaling 12,031 SF, built in 1985, and a vacant lot totaling 14,818 SF. The properties sit at the signalized intersection of 19th Street and Ford Street. The properties sold on August 1, 2016 for $2,450,000.  Peter Sengelmann, Jeff Johnson, Cody Stambaugh, and Matt Ritter, with the Johnson Ritter Team, represented the Buyer and Matt Call and Matt Kulbe, with Navpoint Real Estate Group, represented the Seller in the transaction.

“The Seller in the transaction will lease back the space for a short period while their new business location is made ready.  This was a win-win for the Buyer and Seller as they were able to accommodate each other’s needs post-closing,” stated Peter Sengelmann, Advisor at Pinnacle Real Estate Advisors.