Price: $1,810,000
Units: 12
Address: 4630 E ASBURY CIRCLE
City: DENVER
State: CO
ZIP: 80222
4630 E ASBURY SOLD FOR $1,810,000
Denver, CO – September 7, 2016 – Jim Knowlton, Jules Hochman and Justin Brockman, Senior Advisors at Pinnacle Real Estate Advisors, LLC, announce the sale of The Asbury House located at 4630 E. Asbury Circle in Denver, Colorado. The 12-unit property built in 1962 sold on September 7th with a contract price of $1,810,000; $150,833 per unit and $209.27 per square foot. The property, located across the interstate from the Colorado Boulevard Light Rail Station, features newly renovated units, new windows, new hardwood flooring, and is individually metered for gas and electric.
“The property is just steps from the newly built pedestrian bridge which connects everyone on the north side of I-25 to the Colorado Boulevard Light Rail Station which is on the south side of the road. This was a major factor in the owner being able to increase rents over $125 in the last year,” said Knowlton.
Knowlton represented the seller and Hochman and Brockman represented the buyer in the transaction.
For more information on this apartment building sale in Denver or other Colorado commercial real estate transactions please contact Jim Knowlton at 303.962.9543, Jules Hochman at 303.962.9533 and Justin Brockman at 303.962.9553
About 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. To view a current list of our apartment buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.
| Price: | $1,810,000 |
| Address: | 4630 E Asbury Circle |
| City: | Denver |
| State: | CO |
| Zip Code: | 80222 |