Recent Deals

Pinnacle Announces the Sale of 1800 Fenton Street

mosterbauer@pinnaclerea.com (Maggie Osterbauer) — Wed, 04 May 2016 16:45:17 GMT

Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of 1800 Fenton St, Denver CO 80214. The multifamily property sold for $1,600,000 $134.22 per square foot. Kevin Calame and Matt Lewallen, Senior Advisors, represented the buyer sides in the transaction.

“The buyer plans to lightly renovate the property and enjoy the cash flow,” Stated Kevin Calame, Senior Advisor at Pinnacle Real Estate Advisors.

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mosterbauer@pinnaclerea.com (Maggie Osterbauer) — Thu, 28 Apr 2016 15:54:27 GMT

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of the Kendall Street Apartments, located at 4265, 4275, and 4295 Kendall Street located in Wheat Ridge, Colorado. This multifamily property has 18 units and was built in 1947. The 6-unit buildings are located on Kendall Street, west of Harlan Street and south of Interstate 70. The property sold on April 21, 2016 for $1,525,000 ($84,722/unit; $131.18/square foot). Joe Hornstein and Scott Fetter represented both sides of the transaction.

“The buyer intends to update apartments and increase rental rates,” Hornstein said.

Pinnacle Real Estate Advisors Announces the Sale of a 6-Unit Apartment Building

mosterbauer@pinnaclerea.com (Maggie Osterbauer) — Thu, 28 Apr 2016 15:46:08 GMT

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2464-2480 E 14^th Avenue located in Denver, Colorado. This multifamily property has 6 units and was built in 1901. The building is located at the corner of East 14^th Avenue and Columbine Street. The property sold on April 20, 2016 for $1,435,000 ($239,167/unit; $274.54/square foot). Joe Hornstein and Scott Fetter represented the seller in the transaction.

“This was probably one of the nicest converted mansion investment properties I have sold,” Hornstein said. “The buyers recognized the outstanding location and the quality of the finishes, and were willing to pay a premium for it.”

Pinnacle Announces The Sale of 1432 Pennsylvania Avenue

mosterbauer@pinnaclerea.com (Maggie Osterbauer) — Tue, 26 Apr 2016 16:48:40 GMT

Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of 1432 Pennsylvania Avenue, Denver CO 80203. The 15-unit multifamily property sold for $2,030,000 $258.59 per square foot. Kevin Calame and Matt Lewallen, Senior Advisors, represented the both sides in the transaction.

“The buyer is very excited about the highly renovated nature of the property. He intends on making some additional upgrades to greatly enhance the curb appeal .” Stated Matt Lewallen, Senior Advisor at Pinnacle Real Estate Advisors.

Castle Court Sold for $4,625,000

mosterbauer@pinnaclerea.com (Maggie Osterbauer) — Thu, 14 Apr 2016 17:36:20 GMT

Josh Newell, Senior Advisor at Pinnacle Real Estate Advisors, LLC, announces the sale of Castle Court located at 7 & 19 N Cantril Street in Castle Court, Colorado. The two properties consisted of 34-units and sold on April 12^th with a contract price of $4,625,000; $136,029 per unit and $126.86 per square foot.

The properties were constructed in 1980 & 1985. Newell represented both the local seller and buyer in the transaction.

Pinnacle Announces the Sale of 2465-2475 S Gaylord Street

mosterbauer@pinnaclerea.com (Maggie Osterbauer) — Fri, 08 Apr 2016 16:51:00 GMT

Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of 2465-2475 S Gaylord Street, Denver CO 80210. The multifamily property sold for $2,750,000 $236.74 per square foot. Kevin Calame and Matt Lewallen, Senior Advisors, represented the sellers sides in the transaction.

“The Buyer is planning to renovate the property and hold long term .” Stated Kevin Calame, Senior Advisor at Pinnacle Real Estate Advisors.

Pinnacle Real Estate Advisors Announces Sale of a 4-Unit Apartment Building in Denver, Colorado

mosterbauer@pinnaclerea.com (Maggie Osterbauer) — Fri, 08 Apr 2016 15:13:16 GMT

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 98 W Byers Place located in Denver, Colorado. This multifamily property has 4 units and was built in 1901. The building is located on W Byers Place, just west of South Broadway Boulevard and northeast of the Alameda light rail station. The property sold on April 5, 2016 for $1,080,000 ($270,000/unit; $225.63/square foot). Joe Hornstein and Scott Fetter represented the seller in the transaction.

“This was probably the nicest converted mansion I have ever sold,” Hornstein said. “I am not sure if $270,000 per unit is a record price, but it must be close.”

Pinnacle Announces the Sale of 1436 Williams Street

mosterbauer@pinnaclerea.com (Maggie Osterbauer) — Thu, 07 Apr 2016 22:00:00 GMT

Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of 1436 Williams Street, Denver CO 80218. The multifamily property sold for $2,225,000, $239.53 per square foot. Kevin Calame and Matt Lewallen, Senior Advisors, represented both sides in the transaction.

“The seller was very happy with the asset, but is looking forward to moving the money into another property and the buyer was pleased with the renovation as it fits very nicely with his current Denver portfolio.” Stated Kevin Calame, Senior Advisor at Pinnacle Real Estate Advisors.

Pinnacle Announces Sale of 2,590 SF Retail Service Station in Evergreen

mosterbauer@pinnaclerea.com (Maggie Osterbauer) — Thu, 07 Apr 2016 16:18:42 GMT

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 3645 Evergreen Parkway located in Evergreen, Colorado. This top tier Shell branded service station consists of 2,590 SF and was built in 1999. The building is located off Evergreen Parkway, north of Evergreen Lake. The property sold on March 31, 2016 for $1,045,000 or $403.47 per foot. Cody Stambaugh, Peter Sengelmann, Jeff Johnson, and Matt Ritter, with the Johnson Ritter Team, represented the seller in the transaction.

“The Sellers owned and operated the service station since it was built in 1999. There were many moving parts to this transaction that required us to extend closing multiple times. The property sold on March 31^st and opened up the door to retirement for the Sellers” stated Cody Stambaugh, Advisor at Pinnacle Real Estate Advisors.

Pinnacle Announces Sale of a 16-Unit Apartment Building in Denver

mosterbauer@pinnaclerea.com (Maggie Osterbauer) — Wed, 06 Apr 2016 21:30:00 GMT

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1415 Yosemite Street located in Denver, Colorado. This multifamily property has 16 units and was built in 1960. The building is located on Yosemite Street, just south of East Colfax Avenue. The property sold on March 9, 2016 for $1,250,000 ($78,125/unit; $98.53/square foot). Joe Hornstein and Scott Fetter represented the buyer in the transaction.