Price: $2,775,000
Units: 17
Address: 1139 YORK STREET
City: DENVER
State: CO
ZIP: 80206
PINNACLE ANNOUNCES SALE OF 1139 YORK STREET IN DENVER
Denver, CO – January 18th, 2016 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1139 York Street in Denver, Colorado. This 17-unit property sold on January 14th with a contract price of $2,775,000; $163,235 per unit and $269.34 per square foot.
The property was constructed in 1962. Jim Knowlton and Robert Lawson, Senior Advisors at Pinnacle Real Estate Advisors, and Chris Knowlton, Associate Advisor at Pinnacle Real Estate Advisors, represented the seller, and JB Hochman and Justin Brockman, Senior Advisors at Pinnacle Real Estate Advisors, represented the buyer.
“The seller was looking to take advantage of the hot multifamily market and reduce his management obligations by selling this property and doing a 1031 exchange into two NNN retail properties,” said Jim Knowlton.
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: | $2,775,000 |
| Address: | 1139 York Street |
| City: | Denver |
| State: | CO |
| Zip Code: | 80206 |