Apartment Building Sale – Denver

Price: $15,000,000

Units: 100

Address: 3430 – 3441 SOUTH AKRON STREET

City: DENVER

State: CO

ZIP: 80231

PINNACLE ANNOUNCES THE SALE OF 100-UNIT MULTIFAMILY PROPERTY IN DENVER

Denver, CO – September 28th, 2017 – JB Hochman and Justin Brockman, Principals at Pinnacle Real Estate Advisors, LLC, and Robert Lawson, Senior Advisor at Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of 3430-3441 South Akron Street located in Denver, CO. The 100-unit property, built in 1970, sold for a contract price of $15,000,000; $150,000 per unit and $135.73 per square foot. The property, situated on a 5 acre site with East Hampden Frontage, featured large one and two bedroom apartments as well as two and three bedroom townhomes, and offered onsite management, pool, clubhouse and gym.  JB Hochman and Justin Brockman, with the Hochman│Brockman Team represented the Seller in the transaction, and Robert Lawson with the Knowlton│Lawson Team represented the Buyer in the transaction.

For more information, please contact JB Hochman at 303-962-9533, Justin Brockman at 303-962-9553, or Robert Lawson at 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 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.