Price: $2,550,000
Units: 15
Address: 3005-3015 E 14TH AVENUE
City: DENVER
State: CO
ZIP: 80206
PINNACLE ANNOUNCES SALE OF 3005-3015 E 14th AVE IN DENVER
Denver, CO – November 24th, 2015 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 3005-3015 E 14th Ave in Denver, Colorado. This 15-unit property sold on November 12th with a contract price of $2,550,000; $170,000 per unit and $268.42 per square foot. The beautiful vintage apartment building, located in Congress Park, had a desirable unit mix (2 studios, 9 1Br/1Ba, and 4 2Br/1Ba), updated units, new windows and immediate upside in rents.
“This was an off-market transaction. The local buyer has been very active in this neighborhood, acquiring almost 100 units this year, and plans to hold the property long term,” said Knowlton.
Jim Knowlton, Senior Advisor at Pinnacle Real Estate Advisors, worked with the Buyer and the Seller in this transaction.
For more information, please contact Jim Knowlton or Robert Lawson at 303-962-9543/303-962-9537.
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. Our expertise encompasses all commercial real estate property types. We have experienced advisors specializing in apartment building sales and acquisition; retail property sales, leasing and acquisition; office property sales, leasing, tenant representation, and acquisition; and industrial property sales, leasing and acquisition. The Pinnacle Experience™ is a unique approach that is focused on each client’s needs, delivering superior real estate guidance, proven market perspective and unmatched results. Pinnacle Real Estate Advisors combines market expertise with a Full Spectrum Marketing™ campaign that delivers innovative real estate solutions that are client-centric and relationship focused. In 2014, Pinnacle Real Estate Advisors closed 307 transactions for a total of $366 million. To view a current list of our buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.
| Price: | $2,550,000 |
| Address: | 3005-3015 E 14th Avenue |
| City: | Denver |
| State: | CO |
| Zip Code: | 80206 |