Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of Yale Lanai Apartments at 4547-4567 E Yale Avenue in Denver, CO. The 36-unit property, built in 1960, sold on June 9th for a Contract Price of $7,500,000; $208,333 per unit and $267.38 per square foot. Located in the highly coveted University Hills neighborhood, the value-add property is walking distance to major shopping centers, retailers, dining and entertainment, and easy access to the Light Rail and the Highline Canal. The property sold off-market to an all-cash Buyer. Jim Knowlton, Principal, and Mark Knowlton, Associate Advisor, represented the Seller, and Robert Lawson, Principal, represented the Buyer in the transaction.
For more information on this sale please contact Jim Knowlton at 303-962-9543 or JKnowlton@PinnacleREA.com, or Robert Lawson at 303-962-9537 or RLawson@PinnacleREA.com
