Apartment Building Sale – Arvada

Price: $1,615,000

Units: 12

Address: 6203 & 6215 DOVER STREET

City: ARVADA

State: CO

ZIP: 80004

PINNACLE ANNOUNCES THE SALE OF 6203 & 6215 DOVER STREET IN ARVADA

Denver, CO – September 7th, 2017 – Jim Knowlton, Principal at Pinnacle Real Estate Advisors, LLC, and Jeff Johnson, Co-Founder and Principal at Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of 6203 and 6215 Dover Street located in Arvada, CO. The 12-unit property, built in 1971, sold for a contract price of $1,615,000; $134,583 per unit and $162.54 per square foot. The property, consisting of two adjacent 6-unit buildings, is located less than a mile from Olde Town Arvada, and features updated one and two bedroom units, brand new windows and brand new roofs.  Jim Knowlton with the Knowlton│Lawson Team represented the Seller, and Jeff Johnson, with the Johnson│Ritter Team represented the Buyer in the transaction.

“The Seller was able to do a 1031 exchange into 15 condo units in Castle Rock and increase his cash flow by 60%,” said Knowlton.

For more information, please contact Jim Knowlton at 303-962-9543 or Jeff Johnson at 303-962-9556.

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 2016, Pinnacle Real Estate Advisors closed 338 transactions for a total of $622 million. To view a current list of our buildings for sale in Denver, visit:www.pinnaclerea.com/properties.