Apartment Building Sale – Denver

Price: $1,050,000

Units: 8

Address: 1266 LAFAYETTE STREET

City: DENVER

State: CO

ZIP: 80218

PINNACLE ANNOUNCES THE SALE OF 8 UNIT APARTMENT BUILDING IN CAPITOL HILL

Denver, CO – October 31^st, 2017 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1266 Lafayette Street. The 8-unit multifamily property, built in 1888, is located just 2 blocks off Cheesman Park in the highly desirable Capitol Hill neighborhood and offered significant rental upside. The property sold on October 31^st for a contract price of $1,050,000; $131,250 per unit and $199 per square foot. Chris Knowlton, Associate Advisor at Pinnacle Real Estate Advisors, Robert Lawson, Senior Advisor at Pinnacle Real Estate Advisors, LLC, and Jim Knowlton, Principal at Pinnacle Real Estate Advisors, LLC represented both the Buyer and the Seller in the transaction.

“This was a win-win for both parties.  The Seller was looking to lessen his management responsibilities and the Buyer was looking for a value-add opportunity in a great Central Denver location,” said Chris Knowlton.

For more information, please contact Chris Knowlton at 303-962-9566 or e-mail at CKnowlton@PinnacleREA.com, or Robert Lawson at 303-962-9537 or RLawson@PinnacleREA.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 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.