Pinnacle Announces Sale of 22-Unit Townhome Community in Fort Collins
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 702-721 Glenmoor Drive in Fort Collins, CO. The 22-unit townhome community, built in 1996 and 1998, sold on December 16th for a Contract Price of $7,700,000; $350,000 per unit and $258.67 per square foot. The property, totaling 66 beds, featured 6 triplexes and 2 duplexes, all individually parceled and ranging in size from 1,340-1,400 square feet per unit. The portfolio sold at a 5.14% CAP rate. Robert Lawson, Principal, represented the Buyer in the transaction.
For more information on this sale please contact Robert Lawson at 303-962-9537 or RLawson@PinnacleREA.com.