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.
Posted on Thu, Mar 25, 2010
1401 Detroit Street consists of 1-Studio, 4-1Br/1Ba and 1-2Br/1Ba apartment units and was built in 1908. The property sold for $355,000 ($59,166/unit and $115/sf).
Bobby Hutchinson & Joe Hornstein represented the Seller, 1401 Detroit LLC on this transaction. The deal closed on March 25, 2010 and was 100% occupied at the time of sale.
Posted on Mon, Mar 01, 2010
1521 Humboldt Street consists of 2-2Br/1Ba, 7-1Br/1Ba and 4-Studio apartment units and was built in 1930. The property sold for $895,000 ($68,846/unit and $109/sf).
Joe Hornstein & Bobby Hutchinson represented the Seller, DenverLiving LLC & Provision LLC and Matt Ritter & Jeff Johnson represented the Buyer, Capital Hill Investments, LLC on the sale.
Posted on Thu, Feb 25, 2010
The Normandy is a 40 unit apartment building. The property was constructed in 1972, there are 33 - 1 Bedrooms with 1 Bath, 6 - 2 Bedrooms with 1 Bath and 1 -2 Bedrooms with 2 Bath.
Matt Lewallen and Kevin Calame assisted the Seller, The Englewood Housing Authority, and the Buyer Cedarbridge Apartments, LLC in the transaction. The transaction closed on February 25, 2010 with a contract price of $2,025,000 or $50,625 per unit. The transaction closed in 35 days.
Posted on Thu, Feb 18, 2010
The net leased Romano's Macaroni Grill at 2510 Tenderfoot Hill Street, Colorado Springs, Colorado sold today for $2,450,000, representing 95% of the list price. The Pinnacle Retail Group represented the out of-state Seller, Cardinal Capital. Henry Casden represented the Buyer, Harkan Properties, LLC. The property was listed and marketed by a national brokerage firm before successfully being sold by the Pinnacle Retail Group.
Posted on Fri, Feb 12, 2010
The sellers were represented by Justin Krieger, Tom Ethington, and Rob Edwards, and the buyer was represented by Susan Henderson at Kentwood City Properties. The 6,230 square foot building sold on February 12, 2010 for $700,000 ($112 per square foot). The all-cash buyer, 1255 Delaware Street, LLC, intends to use the front of the building as an art gallery and the back of the building as live/work space.
Posted on Fri, Jan 29, 2010
1638 High Street was built in 1898 and consists of 5-1Br/1Ba units. This property sold on January 29, 2010 for $357,500. The Seller was Marsha D. Beyer; the Buyer was Taylor, LTD. Kyle Malnati represented the Seller in this transaction.
Posted on Wed, Jan 20, 2010
2755 W. 23rd is a 16 unit apartment building. The property was constructed in 1956, there are 3 - 1 Bedrooms with 1 Bath and 13 - Studios.
Matt Lewallen and Kevin Calame assisted the Seller in the transaction. The Buyer Mike and Kendyll Luby represented themselves, 3NK, LLC. The transaction closed on January 20, 2010 with a contract price of $820,000 or $51,250 per unit. The transaction closed in 77 days.
Posted on Tue, Jan 19, 2010
1474 Xenia Street consists of 12-1Br/1Ba apartment units and was built in 1962. The property sold for $290,000 ($24,166/unit and $58/sf).
Joe Hornstein & Bobby Hutchinson represented the Seller, Bernice V. Giese Trust and the Buyer, DCI Real Properties, LLC. The deal closed in just 12 days and the Seller provided the Buyer with financing on the transaction, which closed on January 19, 2010.