Price: $750,000
Address: 2600 S ACOMA STREET
City: DENVER
State: CO
ZIP: 80223
PINNACLE ANNOUNCES THE SALE OF 2600 S ACOMA STREET
Denver, CO – December 19th, 2018 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2600 S Acoma Street in Denver. The value-add 4-plex, built in 1953, is located right off South Broadway, near the University of Denver. The property sold on December 11th for a contract price of $750,000; $187,500 per unit and $330 per square foot. The property featured (4) 1BD units with additional storage, 4 detached garages, and is individually metered for gas and electric. Chris Knowlton, Associate Advisor, and Robert Lawson and Jim Knowlton, Principals, represented the Buyer in the transaction.
“This was the Buyer’s upleg in her 1031 exchange. The Buyer plans to renovate the units and bring the rents up to market,” said Chris Knowlton.
For more information, please contact Chris Knowlton at 303-962-9566 or e-mail at CKnowlton@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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| Price: | $750,000 |
| Address: | 2600 S Acoma Street |
| City: | Denver |
| State: | CO |
| Zip Code: | 80223 |