Apartment Building Sale – Castle Rock

Price: $2,400,000

Units: 15

Address: 532 OAKWOOD DRIVE, BUILDING C

City: CASTLE ROCK

State: CO

ZIP: 80104

PINNACLE ANNOUNCES THE SALE OF 15 UNIT PROPERTY IN CASTLE ROCK

Denver, CO – September 8th, 2017 – Jim Knowlton, Principal at Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of 532 Oakwood Drive Building C located in Castle Rock, CO. The 15-unit property, built in 1984, sold for a contract price of $2,400,000; $160,000 per unit and $199.73 per square foot. The property, consisting of 15 condo units in one of the complexes five buildings, featured updated one and two bedroom units with new appliances, carpet and paint. The property is located walking distance to Rock Park trailhead and just minutes from the shopping, dining and entertainment of Downtown Castle Rock. Jim Knowlton with the Knowlton│Lawson Team represented the Buyer in the transaction.

“The Buyer sold 12 units in Arvada and traded up into this 15 unit condo deal and was able to increase his cash flow by 60%,” said Knowlton.

For more information, please contact Jim Knowlton at 303-962-9543.

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 2016, Pinnacle Real Estate Advisors closed 338 transactions for a total of $622 million. To view a current list of our buildings for sale in Denver, visit:www.pinnaclerea.com/properties.