Pinnacle Announces Sale of Multifamily and Mini-Storage Property in Wheat Ridge

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Quentin Shore, Associate Advisor, Chris Knowlton, Vice President, and Jim Knowlton, Owner/Principal with the Knowlton Lawson Team at Pinnacle Real Estate Advisors, LLC are excited to share the successful sale of 3839 Reed Street in Wheat Ridge, CO.

The property, consisting of (1) large 2,264 SF single-family home, (3) duplexes, and (10) storage units, all situated on a spacious 23,174 SF lot, was sold for a Contract Price of $875,000 on April 17th, 2023. The location of this exceptional property allows for easy access to various retail stores, restaurants, and multiple grocery stores, all within walking distance. After owning the property for almost two decades, the Sellers are enthusiastic about moving on to their next venture, which involves a 1031 exchange into a mini-storage facility. The Buyer intends to undertake renovations to enhance the value of this asset.

For more information on this sale, please contact Quentin Shore at 303-407-9783 or QShore@PinnacleREA.com; or Chris Knowlton at 303-962-9566 or CKnowlton@PinnacleREA.com; or Jim Knowlton at 303-962-9543 or JKnowlton@PinnacleREA.com.

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