Price: $950,000
Units: 8
Address: 10316 & 10326 W 59th PLACE
City: ARVADA
State: CO
ZIP: 80004
PINNACLE ANNOUNCES SALE OF 10316-10326 W 59th PLACE IN ARVADA
Denver, CO – January 5th, 2016 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 10316-10326 W 59th Place in Arvada, Colorado. This 8-unit property, consisting of 2 side-by-side 4 plexes, sold on December 30th with a contract price of $950,000; $118,750 per unit and $69 per square foot. The properties featured large 2Br/1Ba units, 8 attached garages, new roofs, and newer furnaces and hot water heaters.
“The Buyer owned an 11-unit property down the street. We helped her do a cash-out refinance on that property which gave her enough cash to purchase W 59th”, said Jim Knowlton.
Jim Knowlton and Robert Lawson, Senior Advisors at Pinnacle Real Estate Advisors, and Chris Knowlton, Associate Advisor at Pinnacle Real Estate Advisors, worked with both 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 2015, Pinnacle Real Estate Advisors closed 356 transactions for a total of $508 million. To view a current list of our buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.
| Price: | $950,000 |
| Address: | 10316 & 10326 W 59th Place |
| City: | Arvada |
| State: | CO |
| Zip Code: | 80004 |