Price: $1,725,000
Address: 3043 17TH AVENUE
City: LONGMONT
State: CO
ZIP: 80503
PINNACLE ANNOUNCES THE SALE OF 8 UNITS IN LONGMONT
Longmont, CO – May 27th, 2020 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 3043 17th Avenue in Longmont, CO. The 8-unit property, built in 1971, sold on May 22nd for a contract price of $1,725,000; $215,625 per unit and $219 per square foot. The fully renovated property featured (8) 2Bd/1Ba units with assigned off-street parking. Despite COVID pandemic challenges, the property was 100% occupied and had full rent collections at the time of closing. Luke Salazar, Associate Advisor, and Jim Knowlton and Robert Lawson, Principals, represented both the Buyer and the Seller in the transaction.
“The interior and exterior of this property was extremely well-renovated and represents a true turn-key investment. We worked through many difficulties throughout the contract period but both buyer and seller worked to get this to the closing table,” said Salazar.
For more information, please contact Luke Salazar at 303-962-9534.
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 2019, Pinnacle Real Estate Advisors closed 272 transactions for a total of $608 million. To view a current list of our buildings for sale in Denver, visit: www.pinnaclerea.com/properties.
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| Price: | $1,725,000 |
| Address: | 3043 17th Avenue |
| City: | Longmont |
| State: | CO |
| Zip Code: | 80503 |