Apartment Building Sale – Denver

Price: $1,060,000

Units: 5

Address: 1632 N FRANKLIN STREET

City: DENVER

State: CO

ZIP: 80218

PINNACLE ANNOUNCES THE SALE OF 1632 N FRANKLIN STREET

Denver, CO – November 15^th, 2017 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1632 N Franklin Street. The 5-unit multifamily property, built in 1890, is located walking distance to both City Park and Cheesman Park, as well as all of the restaurants, bars and music venues on Colfax. The property sold on November 13^th for a contract price of $1,060,000; $212,000 per unit and $244 per square foot. Chris Knowlton, Associate Advisor, Robert Lawson, Senior Advisor, and Jim Knowlton, Principal, represented the Buyer in the transaction.

“This is a turn-key building in a great Central Denver location.  The Buyer is from the East Coast and this was his first investment in the Denver market,” said Chris Knowlton.

For more information, please contact Chris Knowlton at 303-962-9566 or e-mail at CKnowlton@PinnacleREA.com.

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.