Address: 2633 W 25th AVENUE
PINNACLE ANNOUNCES SALE OF 17-UNIT APARTMENT BUILDING IN CENTRAL DENVER
Denver, CO – October 17, 2016 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2633 W 25th Avenue located in Denver, Colorado. This multifamily property has 17 units and was built in 1961. The entire property was significantly repositioned with new apartment finishes, new roof, metal stairs and walkways and concrete courtyard area in 2012. The building is located in Denver’s Jefferson Park Neighborhood, just west of I-25 and south of Highlands Neighborhood. The property sold on October 12th, 2016 for $3,920,000 or $217,778 per unit. Joe Hornstein with the Hornstein│Fetter Apartment Group and Robert Lawson with the Knowlton│Lawson Team represented both the seller and the buyer in this transaction.
“This was a true turn-key, stabilized asset that will be a great long term hold for the buyer as the Jefferson Park neighborhood continues to evolve,” Hornstein said. “The sellers were able to take advantage of incredible investor demand to achieve a very aggressive price and complete a tax deferred 1031 exchange.”
For more information, please contact Robert Lawson at 303-962-9537 or email at RLawson@PinnaclREA.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 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.
|Address:||2633 W 25th Avenue|