Colorado Springs, CO – June 20, 2019 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of the 150-unit Regal Estates Apartments for $17,250,000 located at 105, 115, 125, 135, 145, 155 South Academy Blvd in Colorado Springs, Colorado. Mike Krebsbach, Senior Advisor, represented the Buyer, Hazel Grace LLC in the transaction. “Our Client is very excited about their acquisition of Regal Estates as it is a great addition to their rapidly expanding Colorado Springs apartment portfolio. They have numerous renovations planned for this asset to add significant value and increased cash flows. “stated Senior Advisor Mike Krebsbach.
For a free Broker Opinion of Value and if you wish to learn more about opportunities available in the Colorado Springs apartment market, please contact Mike Krebsbach.
Pinnacle Real Estate Advisors
Pinnacle Real Estate Advisors is a full-service commercial real estate brokerage firm servicing clients globally who own commercial properties in the metro Denver area and throughout Colorado. Our expertise encompasses all commercial real estate property types. We have experienced advisors specializing in apartment building sales and acquisition; retail property sales, leasing and acquisition; office property sales, leasing, tenant representation, and acquisition; and industrial property sales, leasing and acquisition. The Pinnacle Experience™ is a unique approach that is focused on each client’s needs, delivering superior real estate guidance, proven market perspective and unmatched results. Pinnacle Real Estate Advisors combines market expertise with a Full Spectrum Marketing™ campaign that delivers innovative real estate solutions that are client-centric and relationship focused. In 2018, Pinnacle Real Estate Advisors closed 348 transactions for a total of $703 million. To view a current list of our buildings for sale in Denver, visit: www.pinnaclerea.com/properties.
