Apartment Building Sale – Denver

Price: $2,368,135

Units: 12

Address: 21 LOGAN STREET

City: DENVER

State: CO

ZIP: 80203

PINNACLE ANNOUNCES THE SALE OF 21 LOGAN STREET & 1335 GAYLORD STREET

Denver, CO – March 2^nd, 2017 – Robert Lawson and Jim Knowlton, along with Joe Hornstein and Scott Fetter, Senior Advisors at Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of 21 Logan Street & 1335 Gaylord Street located in Denver, CO. 21 Logan, a 12-unit property built in 1961, and 1335 Gaylord, a 17-unit property built in 1968, were sold together for a contract price of $5,723,000; $197,345 per unit and $341.86 per square foot. Both properties featured updated units with newer carpet and tile floors, cabinets, countertops, appliances, fixtures, and paint. Robert Lawson and Jim Knowlton with the Knowlton│Lawson Team represented the Sellers in the transaction, and Joe Hornstein and Scott Fetter with the Hornstein│Fetter Apartment Group represented the Buyers.

“The Buyers believe location is the most important aspect to owning real estate long term, which is what attracted them to this opportunity,” Hornstein said.  “1335 Gaylord Street was actively listed, but the Buyers wanted to acquire both properties to consider putting the deal together. The Buyers intend to make significant improvements to both properties over the long term to achieve maximum revenue potential.”

For more information, please contact Robert Lawson at 303-962-9537 or Jim Knowlton at 303-962-9543.

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.