Apartment Building Sale – Denver

Price: $7,400,000

Units: 39

Address: 6 LINCOLN STREET

City: DENVER

State: CO

ZIP: 80203

PINNACLE ANNOUNCES SALE OF 6 LINCOLN STREET IN DENVER

Denver, CO – February 19, 2015 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 6 Lincoln Street in Denver, Colorado. This 39-unit property sold on February 6th with a contract price of $7,400,000; $189,744 per unit and $258.79 per square foot. Robert Lawson, Senior Advisor at Pinnacle Real Estate Advisors, represented the Buyer.

Constructed in 1964, the property is located in the highly desirable West Washington Park neighborhood just steps away from numerous restaurants and shops. The property offers large balconies, 1:1 off street parking, and boasts updated kitchens and bathrooms with new appliances, high quality finishes, and superb design.

“There were multiple competing offers on the property and the Buyer was able to secure the deal by putting down non-refundable earnest money at MEC. This was the upleg of their 1031,” said Lawson.

For more information, please contact Robert Lawson or Jim Knowlton at 303-962-9555.

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 2014, Pinnacle Real Estate Advisors closed 307 transactions for a total of $366 million. To view a current list of our buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.

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• Denver Apartment Buildings