Address: 1170 LOGAN STREET
PINNACLE ANNOUNCES SALE OF 1170 LOGAN STREET
Denver, CO – May 5th, 2014 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1170 Logan Street located in Denver, Colorado. This multifamily property consists of 39 studio units and was built in 1924. The building is in a great location with both Cheesman Park and the Civic Center Park within walking distance. It sold on May 5th, 2014 for $3,000,000, $76,923 per unit or $180 per square foot. Jim Knowlton and Robert Lawson represented the seller in this transaction.
“This was an off-market deal. We spent 4 or 5 months trying to get the Buyers into a good property and were able to reach out to the seller directly and put this deal together for them. The buyer plans to renovate the units and hold the property long-term,” said Knowlton.
For more information, please contact Jim Knowlton or Robert Lawson at 303.962.9555.
About 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.
|Address:||1170 Logan Street|