Denver, CO – September 6th, 2019 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2550 W 91st Place in Federal Heights. The 13-unit property, built in 1969, is a rare Federal Heights multifamily offering. The property sold on September 6th for a contract price of $1,800,000; $138,462 per unit and $249 per square foot. The property featured an excellent unit mix of (1) 3Bd/1.5Ba, (5) 2Bd/1Ba & (7) 1Bd/1Ba units, with newer roof and gutters, a new 30 kilowatt solar panel system, and large rental upside in as-is condition. Jim Knowlton and Josh Newell, Principals, and Connor Knutson, Advisor, represented the Seller in the transaction.
For more information, please contact Jim Knowlton at 303-962-9543 or Connor Knutson at 303-962-9567.
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.
