Posted on Thu, Dec 29, 2011
1610 Boston Street is an 8-unit apartment complex located inAurora,CO. The multifamily property was originally constructed in 1970 and includes 7-1Br/1Ba units and 1-Studio unit.
Joe Hornstein, commercial real estate broker for Pinnacle Real Estate Advisors inDenver, assisted the Seller (local investor) in the transaction. The transaction closed on December 29, 2011 with contract price of $300,000 or $37,500 per unit and $55 per square foot.
For more information on these apartment building sales in Denver or other Colorado commercial real estate transactions please contact Joe Hornstein at 303.962.9547 or jhornstein@pinnaclerea.com.
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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 Mon, Dec 19, 2011
1160 Colorado Blvd is a 22 unit Central Denver apartment building located near the Rose Medical Center. The multifamily property was constructed in 1946 and consists of 11 – 1Bedroom/1Bath units and 11 – 2Bedroom/1Bath units. The property has undergone numerous capital improvements and is in great condition.
Jeff Johnson and Matt Ritter, commercial real estate brokers and Principals for Pinnacle Real Estate Advisors in Denver assisted the Buyer in the transaction. Kary Ohan, broker for Cinema Realty, assisted the Seller in the transaction. The transaction closed on December 19, 2011 with contract price of $1,645,000 or $74,772 per unit.
For more information on this apartment building sale in Denver or other Colorado commercial real estate transactions please contact Jeff Johnson or Matt Ritter 303.962.9555.
Posted on Wed, Dec 14, 2011
310 West Archer Place is a 17 unit Denver apartment building located in the Baker Neighborhood. The multifamily property was constructed in 1965 and consists of 17 - 1Bedroom/1Bath apartment units.
Matt Ritter and Jeff Johnson, commercial real estate brokers and Principals for Pinnacle Real Estate Advisors in Denver assisted the Buyer in the transaction. John Fairbairn, commercial broker and principal for Fairbairn Commercial, assisted the seller in the transaction. The transaction closed on December 14, 2011 with contract price of $1,125,000 or $66,176 per unit.
For more information on this apartment building sale in Denver or other Colorado commercial real estate transactions please contact Jeff Johnson or Matt Ritter 303.962.9555.
Posted on Fri, Dec 09, 2011
Dakota Village
10027 West Remington Avenue
Littleton, CO 80127
Dakota Village is an infill strip center with a strategic mix of national and local tenants. The staggered leases and annual rental escalations provide strong investment upside. This 2003 constructed 17,100 square foot strip center sold to an out of state buyer, off market, for $2,875,000 on 12/09/11. The Buyer was able to secure a new first deed of trust bearing a low interest rate.
Tom Ethington and Robert Edwards, commercial real estate brokers and Senior Advisors at Pinnacle Real Estate Advisors, LLC, represented both the Seller and Buyer in the transactions.
For more information on the strip center sale in Denver or other Colorado commercial real estate transactions please contact Tom Ethington at 303.962.9538 or Robert Edwards at 303-962-9557.
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To view a current list of our retail buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.
Posted on Wed, Dec 07, 2011
1465 Jersey Street is a 29-unit apartment complex located in the Mayfair neighborhood of Denver,CO. The multifamily property was originally constructed in 1955 and includes 1-Studio and 17-1Br/1Ba and 11-2Br/1Ba units.
Joe Hornstein, commercial real estate broker for Pinnacle Real Estate Advisors in Denver, assisted the Buyer (local investor) in the transaction. The transaction closed on November 29, 2011 with contract price of $1,985,000 or $68,448 per unit and $90 per square foot.
4450 Lowell Boulevard is a 7-unit apartment complex located in the Sunnyside/Highland neighborhood of Denver,CO. The multifamily property was originally constructed in 1903 and includes 1-Studio and 6-1Br/1Ba units.
Joe Hornstein, commercial real estate broker for Pinnacle Real Estate Advisors in Denver, assisted the Seller (local investor) in the transaction. The transaction closed on November 29, 2011 with contract price of $565,000 or $80,714 per unit and $118 per square foot.
1615 Ingalls Street is an 8-unit apartment complex located inLakewood,CO. The multifamily property was originally constructed in 1970 and includes 8-2Br/1Ba units. The property recently went through foreclosure sale and was lender owned at time of sale.
Joe Hornstein, commercial real estate broker for Pinnacle Real Estate Advisors in Denver, assisted the Buyer (local non-profit organization) in the transaction. The Seller was represented by Josh Newell, also of Pinnacle Real Estate Advisors. The transaction closed on December 7, 2011 with contract price of $470,000 or $58,750 per unit and $69 per square foot.
For more information on these apartment building sales in Denver or other Colorado commercial real estate transactions please contact Joe Hornstein at 303.962.9547 or jhornstein@pinnaclerea.com.
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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 Thu, Dec 01, 2011
2101 & 2133 South Wabash Street is a 7,436 square foot single tenant industrial property with 2.22 acres of fenced yard. This 1968 constructed building benefits from having a Denver address with Unincorporated Arapahoe County I-1 industrial zoning. The property sold for $1,050,000 or $141 per square foot on 12/01/11.
Robert Edwards and Tom Ethington, commercial real estate brokers and Senior Advisors at Pinnacle Real Estate Advisors, LLC, represented the local buyer and Mark Goodman and Paul Schneider, commercial real estate brokers and Senior Advisors at Pinnacle Real Estate Advisors, LLC, represented the local seller.
For more information on this industrial sale in Denver or other Colorado commercial real estate transactions please contact Robert Edwards at 303-962-9557 or Mark Goodman at 303.962.9545.
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To view a current list of our industrial buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.
Posted on Tue, Nov 08, 2011
Gateway Square
799 HWY 287
Broomfield, CO 80020
Gateway Square is a highly visibly strip center with no vacancy and strong tenant retention. 88% of the leased square footage has been occupied by the same tenants for over 9 years. This 2001 constructed strip center sold for 100% of list price or $277 per square foot on 11/08/11.
Salida Shops 2
3301 Tower Road
Aurora, CO 80011
Salida Shops 2 is a newly constructed three tenant strip center located just north of I-70 on Tower Road on a pad site to the Super Wal-Mart. This 100% occupied strip center is leased to Pacific Dental, GNC, and GOWireless. Salida Shops 2 sold for $2,657,214 or $400 per square foot on 11/07/11.
Robert Edwards and Tom Ethington, commercial real estate brokers and Senior Advisors at Pinnacle Real Estate Advisors, LLC, represented both the Gateway Square Seller and Salida Shops 2 Seller in the transactions.
For more information on these strip center sales in Denver or other Colorado commercial real estate transactions please contact Robert Edwards at 303-962-9557 or Tom Ethington at 303.962.9538.
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To view a current list of our retail buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.
Posted on Wed, Nov 02, 2011
The High Street Condos located at 3318 High Street is a recently renovated 18 unit apartment building located in the Whittier Neighborhood of Denver. The multifamily property was constructed in 1958 and has undergone over $240,000 in capital improvements. The unit mix consists entirely of 2Bedroom/1Bath apartment units.
Matt Ritter and Jeff Johnson, commercial real estate brokers and Principals for Pinnacle Real Estate Advisors in Denver, assisted both the Buyer and the Seller in the transaction. The transaction closed on October 25, 2011 with contract price of $1,158,000 or $64,333 per unit.
The Link Apartment Building is located at 1460 Jasmine Street. This multifamily property is 17 units and consists of 6 – 1Bedroom/1Bathroom units and 11 – 2Bedroom/1Bathroom units. Built in 1948, this property was recently renovated and is in excellent condition.
Matt Ritter and Jeff Johnson, commercial real estate brokers and Principals for Pinnacle Real Estate Advisors in Denver, assisted both the Buyer and the Seller in the transaction. The transaction closed on October 28, 2011 with contract price of $1,425,000 or $83,824 per unit.
For more information on this apartment building sale in Denver or other Colorado commercial real estate transactions please contact Jeff Johnson or Matt Ritter at 303.962.9556.
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To view a current list of our apartment buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.
www.PinnacleREA.com
Posted on Tue, Oct 18, 2011
1235 Pennsylvania Street is a 5-unit apartment complex located in the Capitol Hill neighborhood of Denver,CO. The multifamily property was originally constructed in 1904 and includes 1-Studio and 4-1Br/1Ba units.
Joe Hornstein, commercial real estate broker for Pinnacle Real Estate Advisors in Denver, assisted the Seller (local investor) in the transaction. The Buyer was represented by Jeff Johnson and Matt Ritter, also with Pinnacle Real Estate Advisors. The transaction closed on October 18, 2011 with contract price of $620,000 or $124,000 per unit and $130 per square foot.
1190 S. Raritan Street is an 8-unit apartment complex located in Denver,CO. The multifamily property was originally constructed in 1961 and includes 8-2Br/1Ba units.
Joe Hornstein, commercial real estate broker for Pinnacle Real Estate Advisors in Denver, assisted the Seller (local investor) in the transaction. The transaction closed on October 11, 2011 with contract price of $350,000 or $43,750 per unit and $64 per square foot.
1610 Boston Street is an 8-unit apartment complex located in Aurora,CO. The multifamily property was originally constructed in 1970 and includes 7-1Br/1Ba units and 1-Studio unit. The property recently went through foreclosure sale and was lender owned at time of sale
Joe Hornstein, commercial real estate broker for Pinnacle Real Estate Advisors in Denver, assisted the Buyer (local investor) in the transaction. The transaction closed on October 17, 2011 with contract price of $240,000 or $30,000 per unit and $43 per square foot.
“These three recent small apartment building sales are a good representation of the Denver multifamily market right now. Well located Central Denver properties continue to sell for low capitalization rates at premium prices and properties located outside of Central Denver continue to sell for much higher capitalization rates and more attractive price per unit and price per square foot, as a comparison. Both submarkets represent an opportunity for investors if we continue to see low vacancy rates and continued rent growth.”
For more information on these apartment building sales in Denver or other Colorado commercial real estate transactions please contact Joe Hornstein at 303.962.9547 or jhornstein@pinnaclerea.com.
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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, Oct 11, 2011
2358 S. University Blvd. is a 12 unit Denver apartment building located near the University of Denver campus. The multifamily property was constructed in 1961 and consists of 2 – Studio units and 10 - 1Bedroom/1Bath apartment units.
Matt Ritter and Jeff Johnson, commercial real estate brokers and Principals for Pinnacle Real Estate Advisors in Denver and Josh Newell, Senior Advisor at Pinnacle, assisted the Buyer in the transaction. Russ Wehner, broker for Russ Wehner Realty Company, assisted the seller in the transaction. The transaction closed on October 11, 2011 with contract price of $737,500 or $61,458 per unit.
For more information on this apartment building sale in Denver or other Colorado commercial real estate transactions please contact Jeff Johnson, Matt Ritter, or Josh Newell 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.