Address: 7320 TENNYSON STREET
WESTMINSTER FOURPLEX SOLD FOR $585,000
Denver, CO – December 30, 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 7320 Tennyson Street in Westminster, Colorado. The 4-unit property, built in 1971, sold on December 30th with a contract price of $585,000; $146,250 per unit and $149.77 per square foot. The property, located just 1 mile from the new Westminster Light Rail Station, featured large two-bedroom townhome style units, with washer/dryers in unit, private patios and off-street parking.
“The Seller is planning to do a Tax Deferred 1031 Exchange into a larger multi-family property to increase his cash flow,” said Chris Knowlton.
The Knowlton Lawson Team represented the seller 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.
|Address:||7320 Tennyson Street|