Price: $1,350,000
Units: 11
Address: 231 LOGAN STREET
City: DENVER
State: CO
ZIP: 80203
PINNACLE ANNOUNCES SALE OF 231 LOGAN STREET IN DENVER
Denver, CO – March 9th, 2016 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 231 Logan Street in Denver, Colorado. This 11-unit property sold on March 4th with a contract price of $1,350,000; $122,727 per unit and $288.96 per square foot. The property, located in the West Washington Park neighborhood, featured all studios with attractive floor plans, renovated units and 11 off-street parking spaces.
The property was constructed in 1955. Jim Knowlton and Robert Lawson, Senior Advisors at Pinnacle Real Estate Advisors, and Chris Knowlton, Associate Advisor at Pinnacle Real Estate Advisors, worked with the buyer and the seller.
“This was an off-market transaction. The buyer was in a 1031 exchange and the seller was looking to purchase a property elsewhere. The property boasts significant upside in rents and will be a great addition to the buyer’s portfolio,” 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 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: | $1,350,000 |
| Address: | 231 Logan Street |
| City: | Denver |
| State: | CO |
| Zip Code: | 80203 |