Jim Knowlton, Jules Hochman and Justin Brockman, Senior Advisors at Pinnacle Real Estate Advisors, LLC, announce the sale of The Asbury House located at 4630 E. Asbury Circle in Denver, Colorado. The 12-unit property built in 1962 sold on September 7th with a contract price of $1,810,000; $150,833 per unit and $209.27 per square foot.  The property, located across the interstate from the Colorado Boulevard Light Rail Station, features newly renovated units, new windows, new hardwood flooring, and is individually metered for gas and electric.

“The property is just steps from the newly built pedestrian bridge which connects everyone on the north side of I-25 to the Colorado Boulevard Light Rail Station which is on the south side of the road.  This was a major factor in the owner being able to increase rents over $125 in the last year,” said Knowlton.

Knowlton represented the seller and Hochman and Brockman represented the buyer in the transaction.