Posted on Mon, Jun 28, 2010
The Kensington Apartments, located at 1450 S Reed St, consists of 14-1bd/1ba and 28-2Br/1Ba units and was built in 1972.
Bobby Hornstein & Joe Hornstein, commercial real estate brokers and Senior Advisors for Pinnacle Real Estate Advisors in Denver, represented the Seller, Mann to the Fifth Power Enterprises, Inc, and Matt Ritter & Jeff Johnson represented the Buyer, Kensington, LLC. in the transaction. The transaction closed on June 25, 2010 with contract price of $2,125,000 or $50,595 per unit.
For more information on this apartment building sale in Denver or other Colorado commercial real estate transactions please contact Bobby Hutchinson or Matt Ritter at 303.962.9555.
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To view a current list of our apartment buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.
Posted on Wed, Jun 23, 2010
The La Rue Motel, located at 8828 East Colfax Avenue, consists of 12-Studio and 2-1Br/1Ba motel units and was built in 1953.
Joe Hornstein & Bobby Hornstein, commercial real estate brokers and Senior Advisors for Pinnacle Real Estate Advisors in Denver, assisted the Buyer, Kirk D. Wilson & Debra L. Wilson, and the Seller, Giese Properties, LLC in the transaction. The transaction closed on June 23, 2010 with contract price of $310,000 or $22,142 per unit. The property was in escrow for 27 days and the Seller provided the Buyer financing on the transaction.
For more information on this apartment building sale in Denver or other Colorado commercial real estate transactions please contact Joe Hornstein or Bobby Hutchinson at 303.962.9555.
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To view a list of our apartment buildings for sale in Denver, visit our available properties page.
Posted on Mon, Jun 21, 2010
This property was built in 1959, and consists of 8 - 1 Bedroom/1 Bathroom apartment units, and was well maintained with many capital improvements over the Seller's tenure of ownership. "The Seller had taken great care of the property, so it was a turn-key investment opportunity for the Buyer," said Jeff Johnson. "The Aurora apartment building appealed to the Buyer because of its ideal location, just 2 blocks from Fitzsimmons and in close proximity to several major development projects," commented Kyle Malnati.
Jeff Johnson and Matt Ritter, owners of Pinnacle Real Estate Advisors, represented the Seller. Kyle Malnati, commercial real estate broker, and Senior Advisor for Pinnacle Real Estate Advisors in Denver, represented the Buyer. The transaction closed on June 21, 2010 with contract price of $355,000 or $44,375 per unit.
For more information on this apartment building sale in Denver or other Colorado commercial real estate transactions please contact Kyle Malnati at 303.962.9555.
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To view a current list of our apartment buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.
Posted on Tue, May 25, 2010
1410 Humboldt Street is a well located 12 unit Denver apartment building near Cheesman Park. The multifamily property was constructed in 1962 and consists of 1 - Studio unit and 11 - 1Bedroom/1Bath apartment units.
Kyle Malnati,
commercial real estate broker and Senior Advisor for Pinnacle Real Estate Advisors in Denver, represented the Buyers in the transaction. This purchase was the replacement property in the Buyer's 1031 Exchange. The transaction closed on May 25, 2010 with contract price of $800,000 or $66,667 per unit.
For more information on this
apartment building sale in Denver or other
Colorado commercial real estate transactions please contact Kyle Malnati at 303.962.9555.
To view a current list of our
apartment buildings for sale in Denver, visit:
www.pinnaclerea.com/featured-listings.
Posted on Fri, Apr 30, 2010
1677 Geneva Street
Aurora, CO 80010
1677 Geneva Street consists of 6-2Br/1Ba and 6-1Br/1Ba apartment units and was built in 1964. This apartment building in Aurora sold on April 29, 2010 for $380,000 ($31,667/unit and $40/sf).
Joe Hornstein & Bobby Hutchinson, commercial real estate brokers for Pinnacle Real Estate Advisors in Denver, Colorado represented the Sellers, Kirk D. Wilson and Debra L. Wilson on the sale.
Posted on Fri, Apr 30, 2010
Venice Square Apartments
8943 W 53rd Avenue
Arvada, CO 80002
Venice Square consists of (4) - 1Br/1Ba; (26) - 2Br/1Ba; (2) - 3Br/1Ba apartment units and was built in 1961. This apartment building in Arvada, Colorado sold on April 30, 2010 for $1,640,000 ($51,250/unit and $56.35/SF).
Josh Newell &
JB Hochman, commercial real estate brokers for Pinnacle Real Estate Advisors in Denver represented the Sellers, Venice Square, LLC on the sale. Josh Newell also represented the Buyer, MJS Partners, LLC on the transaction.
The Buyer assumed the Seller's existing debt through Chase. There was deferred maintenance at the time of sale.
Posted on Sat, Apr 24, 2010
594-598 South Lincoln Street
Denver, CO 80209
594-598 South Lincoln Street consists of 6-1Br/1Ba and 4-2Br/1Ba apartment units and was built in 1915. This apartment building in Denver sold for $700,000 ($70,000/unit and $71/sf) and was bank owned at the time of sale.
Joe Hornstein & Bobby Hutchinson, commercial real estate brokers for Pinnacle Real Estate Advisors in Denver, Colorado represented the Buyer, Lincoln Center Rentals, LLC on the sale.
Posted on Sat, Apr 24, 2010
1070 Marion Street consists of 5-1Br/1Ba and 1-2Br/1Ba apartment units and was built in 1901. The property sold for $555,000 ($92,500/unit and $104/sf) and was bank owned at the time of sale
Joe Hornstein & Bobby Hutchinson, commercial real estate brokers for Pinnacle Real Estate Advisors in Denver, Colorado represented the Buyer, Cable Car Properties LLC on the sale.
Posted on Tue, Apr 13, 2010
Rob Edwards and Justin Krieger, brokers at Pinnacle Real Estate Advisors, are pleased to announce the sale of the Woodridge Medical Complex at 2000 Wadsworth Boulevard in Lakewood, Colorado, a 35,985 square foot building on a 3.8 acre lot consisting of medical office and retail tenants. Rob Edwards and Justin Krieger represented the seller, Bethlehem Evangelical Lutheran Church, and Hal Naiman of the Sherman Agency represented the local 1031 exchange buyer, who purchased the property as an investment. The transaction closed on April 13, 2010 for $2,185,000.
Posted on Fri, Mar 26, 2010
Roanoke Apartments is a partially renovated 19 unit vintage apartment building located in the Capitol Hill neighborhood. The property was constructed in 1908 and consists of 3 studios and 16 1bedroom/1bath units. The property was 100% occupied at the time of sale after newly formed Pinnacle Real Estate Management took over management for 60 days prior to the sale. The property had a new roof, upgraded electrical and updated units.
Matt Ritter and Jeff Johnson represented the Seller, 321 E. 11th Ave, LLC. The transaction closed on May 26, 2010 with a contract price of $1,247,000 or $65,631 per unit.