Apartment Building Sale – Westminster

Price: $755,000

Units: 6

Address: 7121 UTICA STREET

City: WESTMINSTER

State: CO

ZIP: 80030

PINNACLE ANNOUNCES THE SALE OF 7121 UTICA STREET

Denver, CO – April 17, 2018 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 7121 Utica Street. The value-add 6-plex, built in 1962, is located less than a mile from the new Westminster Light Rail Station, and a short drive to the new Downtown Westminster Redevelopment. The property sold on April 17^th for a contract price of $755,000; $125,833 per unit and $162 per square foot. The property featured new windows, a newer roof and boiler, and offered immediate rental upside to the Buyer with 5 of the 6 units on month-to-month leases. Chris Knowlton, Associate Advisor, and Jim Knowlton and Robert Lawson, Principals, represented both the Buyer and the Seller in the transaction.

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.