Apartment Building Sale – Denver

Price: $930,000

Units: 7

Address: 80 S WASHINGTON STREET

City: DENVER

State: CO

ZIP: 80209

PINNACLE ANNOUNCES THE SALE OF 80 S WASHINGTON STREET

Denver, CO – April 10^th, 2017 – Chris Knowlton, Associate Advisor at Pinnacle Real Estate Advisors, LLC, Jim Knowlton, Principal at Pinnacle Real Estate Advisors, LLC, and Robert Lawson, Senior Advisor at Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of 80 S Washington Street located in Denver, CO. The 7-unit property, built in 1953, sold for a contract price of $930,000; $132,857 per unit and $224.80 per square foot. The property, located a few blocks north of Washington Park, featured an excellent unit mix of studios, 1 bedroom and 2 bedroom units, and had new paint, windows, gutters and hot water heater. Chris Knowlton with the Knowlton│Lawson Team represented the Buyer in the transaction.

“This was the upleg of our Buyer’s 1031 exchange.  He sold a 4 unit in Westminster and we helped him pick up a 7 unit property in the highly desirable West Wash Park neighborhood,” said Chris Knowlton.

For more information, please contact Chris Knowlton at 303-962-9566 or 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 2016, Pinnacle Real Estate Advisors closed 338 transactions for a total of $622 million. To view a current list of our buildings for sale in Denver, visit:www.pinnaclerea.com/properties.