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Pinnacle Announces Sale Several Multifamily Units: Lakewood, Westminster & Denver

Pinnacle Real Estate Advisors_Multi-Family Sales_Lakewood Westminster Denver CO

Pinnacle_Multifamily_Lakewood_213-233-S-Ingalls-StLakewood, CO – Josh Newell, Senior Advisor at Pinnacle Real Estate Advisors, LLC, announces the sale of Andi Lynn Flats located at 213-233 S. Ingalls Street in Lakewood, Colorado. The 16-unit property sold on May 13th with a contract price of $$2,125,000; $132,813 per unit and $160.26 per square foot.

The property was constructed in 1960. Newell represented both the local seller and buyer in the transaction.

Pinnacle_Multifamily_Westminster_7155 Hooker StreetWestminster, COPinnacle Real Estate Advisors, LLC, is pleased to announce the sale of 7155 Hooker St, Westminster CO 80030. The multifamily property sold for $1,312,000, $109,000 Per unit and $207.46 per square foot. Thomas Graeve represented the both sides in the transaction.

“With the amount of redevelopment that is slated for the area in general and Hooker Street in particular, my client saw tremendous future upside at this location,” said Graeve. “This will be a very different-looking neighborhood in a few years,” commented Thomas Graeve, Senior Advisor at Pinnacle Real Estate Advisors.

Pinnacle_Multifamily_1240 Pennsylvania St._Denver CODenver, COPinnacle Real Estate Advisors, LLC, is pleased to announce the sale of 1240 Pennsylvania St, Denver CO 80203. The multifamily property sold for $1,335,000, $225,000 per unit and $223.28 per square foot. Thomas Graeve represented the buyers side in the transaction.

“This building is a very similar vintage to other properties my client has been involved with over the years. The condition of the building can be improved, but the location is about as good as it gets, “stated Thomas Graeve, Senior Advisor at Pinnacle Real Estate Advisors.

Photos courtesy of Pinnacle Real Estate Advisors

 

 

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