Littleton Apartments Fetch $10.9M
DENVER – Broadridge Apartments, a 54-unit apartment complex located at 6900 S. Bannock St in Littleton, has sold for $10.9 million ($201,851/unit).
Jeff Johnson and Andrew Monette, at Pinnacle Real Estate Advisors, LLC, assisted both the buyer and seller parties in the transaction.
“Since their acquisition of the property, the Sellers of Broadridge Apartments had renovated a majority of the units and the property appreciated well in a relatively short timeframe,” stated Jeff Johnson, co-founder and principal of Pinnacle Real Estate Advisors. “With some units still ripe to renovate, the buyer will be able to continue to add value and should be positioned well in the future with this long-term asset,” stated Andrew Monette, associate advisor at Pinnacle Real Estate Advisors.
Pinnacle Real Estate Advisors is a full-service commercial real estate brokerage firm servicing clients globally who own commercial properties in the metro Denver area and throughout Colorado