PINNACLE ANNOUNCES THE SALE OF 1646 ROUTT STREET
Denver, CO – September 24 th , 2019 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1646 Routt Street in Lakewood. The 9-unit property, built in 1953, is located in the highly desirable West Wash Park neighborhood.
The property sold on July 25 th , for a contract price of $1,500,000; $166,667 per unit and $211 per square foot. The property featured (8) 2Br/1Ba units, (1) 1Br+Den/1Ba unit.
Chris Knowlton, Senior Advisor, represented both the Buyer and Seller in this Transaction.
“The Seller had owned the building for 22 years and had meticulously maintained the property. This was the up leg of the Buyer’s 1031 exchange and he saw a great opportunity to increase rents on an already well-maintained asset.” said Chris Knowlton.
For more information, please contact Chris Knowlton at 303-962-9566 or e-mail at Cknowlton@PinnacleREA.com.
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; retailproperty sales, leasing and acquisition; office property sales, leasing, tenant representation, and acquisition; andindustrial property sales, leasing and acquisition. T
he 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 RealEstate 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/featured-listings.
