Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1025 Delaware Drive located in Colorado Springs, Colorado. The 3,184 square foot multifamily apartment building sold for $320,000 or $100.50 per square foot. Michael Krebsbach, Associate Advisor, and Jamie Mitchell, Principal, represented the buyer and the seller in the transaction.

“The seller decided to move his equity back to his home state of California after owning the property for over 10 years. The buyer is a local Colorado Springs multifamily investor and plans to renovate the property to attain higher market rents and hold long term,” stated Krebsbach.