Apartment Building Sale – Wheat Ridge

Price: $1,823,000

Units: 22

Address: 3330 AMES STREET

City: WHEAT RIDGE

State: CO

ZIP: 80212

PINNACLE ANNOUNCES SALE OF 3330 AMES STREET IN DENVER

Denver, CO – November 20, 2014 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 3330 Ames Street in Denver, Colorado. This 22-unit property sold on November 18th with a contract price of $1,823,000; $82,862 per unit and $133.55 per square foot. The majority of the units have been updated and the property included a 20,000 SF developable parcel of land directly to the south of the apartment building.

The property was constructed in 1958. Jim Knowlton, Senior Advisor at Pinnacle Real Estate Advisors, LLC represented the seller in the transaction. Matt Ritter, Principal, Cody Stambaugh, Associate Advisor, and Peter Sengelmann, Associate Advisor at Pinnacle Real Estate Advisors, represented the purchaser in the transaction.

For more information, please contact Jim Knowlton at 303.962.9543 or e-mail at JKnowlton@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 2013, Pinnacle Real Estate Advisors closed 265 transactions for a total of $292 million. To view a current list of our buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.