ARVADA, COLO. — Pinnacle Real Estate Advisors has brokered the $5 million sale of an industrial property located at 5335 Xenon St. in Arvada. The single-tenant property offers 15,975 square feet of industrial space. Mark Alley of Schneider Grimes Investment Services Group of Pinnacle Real Estate Advisors represented the undisclosed seller in the deal. The buyer was not released.
CASTLE ROCK, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a two-property portfolio of operating liquor stores in Castle Rock. The portfolio includes Bubbles Liquor World, a 27,395-square-foot flagship store located off Interstate 25 and Meadow Parkway in Castle Rock, and Tiny Bubbles, a 4,000-square-foot satellite store on the east side of Castle Rock. The portfolio generates around $15 million in annual revenue. Levi Saxen and Jack Eberwein of Pinnacle Real Estate Advisors represented the undisclosed seller and undisclosed buyer in the off-market deal. The Pinnacle team secured SBA financing for both locations and structured long-term leases for the new operators, ensuring stability and continued success for all parties involved.
BOULDER, COLO. — Pinnacle Real Estate Advisors has brokered the sale of 1937 Goss Street, a value-add multifamily property in Boulder. The asset traded for $3.4 million, or $309,091 per unit. The 11-unit building is located in close proximity to the University of Colorado Boulder. Luke Salazar, Robert Lawson and Jim Knowlton of Pinnacle represented the buyer and seller in the deal.
LONGMONT AND COLORADO SPRINGS, COLO. — The Garrett Companies is developing two apartment communities in Longmont and Colorado Springs. The combined development value of the two properties is $145 million. Wintrust provided a construction loan for the Longmont property, while National Bank of Indianapolis provided a construction loan for the Colorado Springs asset. Located at 245 Bountiful Ave. in Longmont, the garden-style project will offer 224 one-, two- and three-bedroom apartments, with 12 percent of the units income restricted. The asset will include one four-story and 10 two-story buildings, a resort-style pool and spa with cabanas, a fitness center, TV lounges, pickleball courts and a dog park. Construction for the $90 million project is slated for completion in early 2027. Humphreys & Partners is serving as architect for the development. Situated on the southwest corner of Rio Vista Drive and Barnes Road in Colorado Springs, the garden-style property includes four four-story buildings with a mix of 41 percent one bedrooms, 41 percent two bedrooms and 18 percent three bedrooms. Each of the 163 units will have a full-sized washer/dryer. Community amenities will include a resort-style pool and spa and cabanas, a fitness center, dog park, clubhouse with lounge, billiards and arcade …
ENGLEWOOD, COLO. — Pinnacle Real Estate Advisors has negotiated the sale of Kings Brook Arms Apartments, a value-add multifamily property located at 3445-3455 S. Marion St. in Englewood. The property traded for $5.1 million, or $150,000 per unit. The names of the buyer and seller were not released. Mark Knowlton, Jim Knowlton and Chris Knowlton of Pinnacle handled the transaction. Bank of Colorado provided financing for the acquisition.
DENVER — Platinum Commercial Real Estate has arranged the sale of 76 N. Broadway, a retail and office property in Denver. The mixed-use property includes two buildings with long-term tenants in place. The main building features 13,000 square feet with The Hornet and Lucky Noodles restaurant on the ground floor and 18 fully leased office suites on the second floor. The properties also offer off-street parking with 21 spaces for the buildings. Paul Cattin of Platinum CRE represented the buyer, 76 N Broadway LLC, while Todd Snyder of Kentwood Commercial represented the seller in the deal.
WHEAT RIDGE, COLO. — Evergreen Devco has completed the disposition of Outlook Table Mesa, an apartment community at 4051 Clear Creek Drive in Wheat Ridge. FJ Management acquired the asset for $97 million. Situated within Clear Creek Crossing, Outlook Table Mesa offers 250 apartments with quartz countertops, wood-looking floorings, oversized windows, tall ceilings, stainless steel kitchen appliances, full-size washers/dryers and designer selected lighting fixtures. Community amenities include a clubhouse with a business lounge, fitness center, electric vehicle charging stations and a secure mail room with package lockers and a dedicated space for oversized deliveries. Additional amenities include a resort-style pool with a swim-up bar and spa, fire pits, barbecue stations, a dog park, pet spa and multiple shade structures and game areas. Dave Martin and Brian Mooney of Northmarq’s Denver office negotiated the sale on behalf of Evergreen.
DENVER — ALTO Real Estate Funds has completed the disposition of Quebec Square, a retail power center in east Denver. Big Ben Private Real Estate I LP, with Capital Asset Management serving as the fund manager, purchased the property for $56.7 million. Built in 2002-2003 on 22.1 acres, Quebec Square features 207,611 square feet of retail space at 7506 E. 36th Ave. Tenants at the property include Ross Dress for Less, Office Depot, PetSmart, Big 5 Sporting Goods and Five Below. The center is shadow anchored by Walmart, The Home Depot and Sam’s Club. Jason Schmidt and Austin Snedden of JLL Capital Markets’ Investment Sales and Advisory team represented the seller in the deal.
PARKER, COLO. — Trevey Commercial Real Estate has arranged the sale of a retail property located at 12810 Stroh Ranch Court in Parker. Journey Church Colorado acquired the asset from AKM Family LLP for $5.5 million. Situated on 1.5 acres, the building, which is currently leased by La-Z-Boy, offers 20,375 square feet. David Marulli, Tommy Daher and Mitch Trevey of Trevey Commercial Real Estate represented the seller, while Tom Omdal and Katie Hummer of Kin Commercial represented the buyer in the deal.
PUEBLO, COLO. — Pinnacle Real Estate Advisors has negotiated the sale of Briarwood Apartments, a multifamily property located at 2026 Carlee Drive in Pueblo. The asset sold for $5.5 million, or $91,667 per unit. The property includes 60 units, plus an onsite manager house and workshop. Briarwood Apartments features 30 one-bedroom apartments and 30 two-bedroom units. Chris Knowlton of Pinnacle handled the transaction for both the undisclosed seller and undisclosed buyer.
