Apartment Building Sale – Broomfield

Price: $625,000

Units: 5

Address: 101 LAUREL STREET

City: BROOMFIELD

State: CO

ZIP: 80020

PINNACLE ANNOUNCES THE SALE OF VALUE-ADD 5-PLEX IN BROOMFIELD

Denver, CO – July 2^nd, 2018 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 101 Laurel Street in Broomfield. The rare value-add 5-plex, built in 1959, is located with easy access to both Boulder (Hwy 36) and Denver (I-25). The property sold on July 2^nd for a contract price of $625,000; $125,000 per unit and $243 per square foot. The property featured an attractive unit mix of one bedroom, two bedroom and studio units all individually metered for gas and electric. Luke Salazar, Associate Advisor, and Robert Lawson and Jim Knowlton, Principals, represented both the Buyer and Seller in the transaction.

“The Seller maintained the property impeccably for 20+ years and the Buyer hit a home run with an investment in their ideal location,” said Salazar.

For more information, please contact Luke Salazar at 303-962-9566 or e-mail at LSalazar@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.