BrokerageMultifamily

Pinnacle Announces the Sale of 68 Units in Aurora

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Pinnacle Real Estate Advisors, LLC  announced the sale of 1945 Peoria Street in Aurora. The value-add 68 unit property, built in 1974, is located one block from the University of Colorado Medical Campus. The property sold on September 13th, for a contract price of $10,000,000; $147,059 per unit and $135 per square foot. The property featured an attractive unit mix of studios, 1Br/1Ba units, 2Br/2Ba units, and 3Br/3Ba units, all with private balconies and patios. Chris Knowlton, Senior Advisor, represented the Seller in the transaction, and Robert Lawson and Jim Knowlton, Principals, represented the Buyer in this transaction.

Photo courtesy of Pinnacle Real Estate Advisors

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