Pinnacle Announces Sale of 23 Unit Value-Add Multifamily Property

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Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 5502 Newland Way in Arvada, CO. The 23-unit property, consisting of all 1 Bed/1 Bath units, sold on July 30th for a Contract Price of $3,295,000; $143,261 per unit and $194.19 per square foot. Luke Salazar, Associate Advisor, and Jim Knowlton and Robert Lawson, Principals, represented both the Buyer and the Seller in the transaction.

For more information on this sale please contact Luke Salazar at 303-962-9534 or LSalazar@PinnacleREA.com.

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