Pinnacle Real Estate Advisors Announces Sale of 37 Townhome Units in Thornton, CO
Josh Newell, Owner/Principal at Pinnacle Real Estate Advisors, LLC, is pleased to announce the successful sale of the Sage Creek Townhomes in Thornton, Colorado. The transaction involves 37 individually deeded townhome units, part of a larger 176-unit townhome complex built between 2005 and 2010. “Broken condo deals can present challenges due to various factors such as homeowner associations and debt requirements, but My Team and I successfully executed a targeted and strategic sales process that generated significant interest, resulting in ten competing offers. The property was ultimately sold to an all-cash, out-of-state Buyer,” stated Newell. Sage Creek Townhomes closed on November 19, 2024, with a sale price of $12,025,000, equating to $325,000 per unit and $225 per square foot. Josh Newell represented both the Seller and the Buyer in this transaction.