Pinnacle Real Estate Arranges $1.2M Acquisition of Single-Tenant Retail Property in Colorado

CAÑON CITY, COLO. — Pinnacle Real Estate Advisors has brokered the acquisition of a retail property located at 2765 E. Main St. in Cañon City. An undisclosed buyer purchased the property for $1.2 million, or $56.82 per square foot.

Zach Wright, Rob Edwards and Tom Ethington of Pinnacle’s The Edwards | Enthington Team represented the buyer, while Jeffrey Hirschfield of Antonoff & Co. Brokerage represented the undisclosed seller in the deal.

Office Depot occupies the 20,679-square-foot building, which was built in 2007 on 1.76 acres.