Luke Salazar, Vice President, Robert Lawson, Principal, and Jim Knowlton, Owner/Principal at Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of Hilltop Park Apartments located at 9885 W 21^st Avenue in Lakewood, CO. The 16-unit property sold on April 28th for a contract price of $3,150,000 ($196,875 per unit; $220.82 per square foot). The well-positioned, turnkey asset sold with attractive Seller financing terms. Luke, Robert and Jim were Transaction Brokers in the transaction.

“The Seller opted for seller financing to reduce the management headaches often associated with hands-on property oversight while still maintaining a consistent cash flow stream. This strategic move allowed him to step back and get closer to retiring without giving up the income-producing potential of the asset.  The Buyer, a growing investor group, saw this acquisition as an excellent addition to their expanding multifamily portfolio, with upside potential through future management efficiencies and light renovations,” said Salazar.