Price: $2,500,000
Units: 17
Address: 41 S LINCOLN STREET
City: DENVER
State: CO
ZIP: 80209
PINNACLE ANNOUNCES SALE OF 41 S LINCOLN STREET IN DENVER
Denver, CO – March 9th, 2016 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 41 S Lincoln Street in Denver, Colorado. This 17-unit property sold on March 4th with a contract price of $2,500,000; $147,059 per unit and $280.21 per square foot. The property, located just one block from South Broadway’s popular bars and restaurants like Punch Bowl Social and The Hornet, featured beautiful renovations in over half of the units, new windows, new high efficiency boiler system, and seller-owned laundry.
The property was constructed in 1964. Jim Knowlton, Senior Advisor at Pinnacle Real Estate Advisors, represented the buyer.
“This property was part of the buyer’s upleg in a 1031 exchange. The buyer is using Pinnacle Real Estate Management to manage the property and complete the remaining renovations to the units. He plans on holding the property long term,” 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 2015, Pinnacle Real Estate Advisors closed 356 transactions for a total of $508 million. To view a current list of our buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.
| Price: | $2,500,000 |
| Address: | 41 S Lincoln Street |
| City: | Denver |
| State: | CO |
| Zip Code: | 80209 |