Pinnacle Announces Sale of 10 Unit Apartment Building in Englewood
Josh Newell, Principal, Connor Knutson, Vice President, and Jake Waxter, Associate Advisor with the Newell Team and Michael Krebsbach, Vice President, at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale 3450-3460 S Corona Street in Englewood, CO. The 10-unit apartment building was built in 2020 and sold on January 13th with a contract price of $6,650,000; $665,000 per unit and $523.13 per square foot. Josh Newell, Connor Knutson, & Jake Waxter represented the Seller and Michael Krebsbach represented the Buyer.
“My client reached out to me with a need to find her upleg for her 1031 exchange ideally before her downleg out of state closed. She sold an older apartment building and had a specific interest in buying a new construction apt building, preferably townhomes style units that was about 10 units close to a hospital. I sent out an email to our office and within a few hours received this off market 10 unit new construction townhome deal that was literally exactly what my client wished for and within a week or two we were under contract and done with her due diligence of the asset well before closing on the sale of her downleg. Collaboration is the key!!” stated Krebsbach
For more information on this sale please contact Josh Newell at 303-962-9559 JNewell@Pinnaclerea.com, Connor Knutson at 303-962-9567 CKnutson@Pinnaclerea.com, or Jake Waxter at 303-962-9557 JWaxter@PinnacleREA.com or Michael Krebsbach at 303-407-9782 MKrebsbach@PinnacleREA.com.