Apartment Building Sale – Denver

Price: $1,010,000

Units: 10

Address: 1732 W MOSIER PLACE

City: DENVER

State: CO

ZIP: 80223

1732 W MOSIER PLACE SOLD FOR $1,010,000

Denver, CO – November 21, 2016 – Jim Knowlton and Robert Lawson, Senior Advisors at Pinnacle Real Estate Advisors, LLC, and Chris Knowlton, Associate Advisor at Pinnacle Real Estate Advisors, LLC, announce the sale of 1732 W Mosier Place in Denver, Colorado. The 10-unit property, built in 1956, sold on November 18th with a contract price of $1,010,000; $101,000 per unit and $165.52 per square foot. The property, located about one mile from the Broadway Station Redevelopment site, featured large one and two bedroom units with off-street parking and a brand new roof.

“This was the upleg in the buyer’s 1031 exchange. He plans to upgrade the property over time and increase the currently low rents to market rates,” said Chris Knowlton.

The Knowlton Lawson Team represented the buyer in the transaction.

For more information on this apartment building sale please contact Chris Knowlton at 303.962.9566.

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. To view a current list of our apartment buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.