Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1363 Pierce Street in Lakewood, Colorado. The turn-key 17-unit property, built in 1961, is located just 4 blocks from both the Lamar and the Wadsworth Light Rail Stations. The property sold on April 17^th for a contract price of $3,190,000; $187,647 per unit and $210 per square foot. The property featured new windows, a new roof, new exterior lighting and landscaping, as well as renovated common areas and units. Jim Knowlton, Principal, represented both the buyer and the seller in the transaction.

“The seller did a great job of renovating the property over the past few years and has everything running smoothly, so this should be a very easy transition for the buyer, and a great addition to their portfolio,” said Knowlton.