Apartment Building Sale – Lakewood

Price: $3,190,000

Units: 17

Address: 1363 PIERCE STREET

City: LAKEWOOD

State: CO

ZIP: 80214

PINNACLE ANNOUNCES THE SALE OF 1363 PIERCE STREET

Denver, CO – April 17, 2018 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1363 Pierce Street. The turn-key 17-unit property, built in 1961, is located just 4 blocks from both the Lamar and the Wadsworth Light Rail Stations. The property sold on April 17^th for a contract price of $3,190,000; $187,647 per unit and $210 per square foot. The property featured new windows, a new roof, new exterior lighting and landscaping, as well as renovated common areas and units. Jim Knowlton, Principal, represented both the Buyer and the Seller in the transaction.

“The Seller did a great job of renovating the property over the past few years and has everything running smoothly, so this should be a very easy transition for the Buyer, and a great addition to their portfolio,” said Knowlton.

For more information, please contact Jim Knowlton at 303-962-9543 or e-mail at JKnowlton@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.