Address: 2775 S FEDERAL BOULEVARD
THE AMHERST APARTMENT HOMES SOLD FOR $5,600,000
Denver, CO – February 9th, 2015 – Robert Lawson and Josh Newell, Senior Advisors at Pinnacle Real Estate Advisors, LLC, announce the sale of The Amherst Apartment Homes located at 2775 S Federal Boulevard in Denver, Colorado. The 81-unit property sold on February 6th with a contract price of $5,600,000; $69,136 per unit and $88.29 per square foot.
The property, constructed in 1973, has seen over $1,400,000 in renovations since 2010. “Amherst is a nice asset with strong returns. The market really responded nicely to our marketing efforts,” said Newell who represented the local seller. Lawson represented the local buyer in the transaction. “The Buyer assumed the Seller’s current Fannie Mae loan, which is an incredibly tedious process; however, the strength of the Buyer, the terms of the note and the negotiated price turned out to be well worth the investment for the Buyer’s desired return,” said Lawson.
For more information on this apartment building sale in Denver or other Colorado commercial real estate transactions please contact Robert Lawson at 303.962.9537.
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:||2775 S Federal Boulevard|