Price: $5,040,000
Units: 18
Address: 2350 S UNIVERSITY BOULEVARD
City: DENVER
State: CO
ZIP: 80210
OBSERVATORY PARK PLACE SOLD FOR $5,040,000
Denver, CO – September 30, 2016 – Jim Knowlton, Jules Hochman and Justin Brockman, Senior Advisors at Pinnacle Real Estate Advisors, LLC, announce the sale of Observatory Park Place located at 2350 S University Boulevard in Denver, Colorado. The 18-unit property built in 2012 sold on September 15th with a contract price of $5,040,000; $280,000 per unit and $390.52 per square foot. The property, located in the very walkable University of Denver neighborhood near shopping, restaurants, and the light rail, featured luxury units with open floor plans and interior retractable garage doors.
“The Sellers were the original developers of the property and decided it was a good time to sell and move on to the next project,” said Knowlton.
Knowlton, Hochman and Brockman represented the seller in the transaction.
For more information on this apartment building sale please contact Jim Knowlton at 303.962.9543.
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: | $5,040,000 |
| Address: | 2350 S University Boulevard |
| City: | Denver |
| State: | CO |
| Zip Code: | 80210 |