SVN Brokers Sale of 4,683 SF Multi family Units in Colorado Springs for $1,252,000

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Press release – 7654, 7634, 7664 Pitch Pine View, Colorado Springs, CO 80908

Colorado Springs, CO June 30, 2022 SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, is pleased to announce the sale of 7654,7634, 7664 Pitch Pine View in Colorado Springs. The three 1,561 sf. ft. Multifamily Units were sold for $417,400 each. 

Bill Reilly with SVN | Denver Commercial represented the Buyer, Templeton LLC. Mara Simmerman with New Home Specialist represented the Seller.

This deal was a 1031 exchange with brand new incredibly priced units, each unit with a potential for a 6% cap rate.

About SVN

SVN | Denver Commercial serves Colorado with its offices in Denver and Fort Collins and is a joint venture between local principals and SVN | Chicago Commercial. The firm assists real estate owners, investors, and occupiers throughout the state of Colorado and beyond by offering strategic advice and execution for property leasing and sales; property management; corporate services; investment management; research and investment strategy; and consulting. Most recently the firm was recognized as SVN Firm of the Year in 2018 out of 200 offices globally and consistently ranks in the top 10 for production. For more information, visit www.svncolo.com.

The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. For more information, visit www.svn.com.

Contact:

Bill Reilly

O: 970.488.3193

Bill.Reilly@svn.com

Press release – 7654, 7634, 7664 Pitch Pine View, Colorado Springs, CO 80908

Colorado Springs, CO June 30, 2022 SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, is pleased to announce the sale of 7654,7634, 7664 Pitch Pine View in Colorado Springs. The three 1,561 sf. ft. Multifamily Units were sold for $417,400 each. 

Bill Reilly with SVN | Denver Commercial represented the Buyer, Templeton LLC. Mara Simmerman with New Home Specialist represented the Seller.

This deal was a 1031 exchange with brand new incredibly priced units, each unit with a potential for a 6% cap rate.

About SVN

SVN | Denver Commercial serves Colorado with its offices in Denver and Fort Collins and is a joint venture between local principals and SVN | Chicago Commercial. The firm assists real estate owners, investors, and occupiers throughout the state of Colorado and beyond by offering strategic advice and execution for property leasing and sales; property management; corporate services; investment management; research and investment strategy; and consulting. Most recently the firm was recognized as SVN Firm of the Year in 2018 out of 200 offices globally and consistently ranks in the top 10 for production. For more information, visit www.svncolo.com.

The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. For more information, visit www.svn.com.

Contact:

Bill Reilly

O: 970.488.3193

Bill.Reilly@svn.com

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