Denver, CO – August 29th, 2019 – Joe Hornstein, Scott Fetter and Jessica Schmelzer of the Hornstein Fetter Apartment Group at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of 15800-15830 E. 13th Place located in Aurora, Colorado. This multifamily property has 24-units and was built in 1979. The property is conveniently located less than 2 miles from the Fitzsimons medical campus and redevelopment area. The transaction closed on August 29th, 2019 for $3,927,500 or $163,646 per unit. Joe Hornstein, Scott Fetter and Jessica Schmelzer of the Hornstein Fetter Apartment Group represented the buyer and seller in the transaction.
“The property wasn’t listed and the Seller wasn’t motivated to sell the property, but Buyer submitted unsolicited offer for consideration that was in line with the Sellers expectations and we put it together. The Buyer was able to secure a great Freddie Mac Small Balance loan thru CBRE, which helped the Buyers achieve their long term investment goals.”
For more information on this multifamily sale in Aurora please contact Joe Hornstein at 303.962.9547.
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.
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