Apartment Building Sale – Denver

Price: $2,375,000

Address: 1432 PENNSYLVANIA STREET

City: DENVER

State: CO

ZIP: 80203

PINNACLE ANNOUNCES THE SALE OF 1432 PENNSYLVANIA STREET

Denver, CO – November 30^th, 2018 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1432 Pennsylvania Street in Central Denver. The fully renovated, 8-unit property, built in 1919, is located in the highly desirable Capitol Hill neighborhood. The property sold on November 29^th for a contract price of $2,375,000; $296,875 per unit and $256 per square foot. The property featured large, 2 bed/2 bath units with in-unit washer/dryers, garage parking and individual furnaces, AC and hot water heaters. Luke Salazar, Associate Advisor, and Robert Lawson and Jim Knowlton, Principals, represented the Buyers in the transaction.

“The buyers were able to achieve their investment goals by entering the Denver market with a truly unique asset in a great location,” said Salazar.

For more information, please contact Luke Salazar at 303-962-9566 or e-mail at LSalazar@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 2017, Pinnacle Real Estate Advisors closed 346 transactions for a total of $604.3 million. To view a current list of our buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.

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