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 1291 W 3^rd Avenue in Broomfield, CO. The 4-unit, value-add property sold on June 27^th for a contract price of $763,000 ($190,750 per unit). The rare Broomfield Opportunity, located just 15 minutes to Boulder and 25 minutes to Downtown Denver, and near the future Northwest B-Line Light Rail, featured 4 garage spaces and a value-add opportunity through light renovations.  Luke, Robert and Jim represented the Seller in the transaction.

“This property offered a rare opportunity to own an income-producing asset with the added benefit of garage spaces, providing easy additional revenue in a Broomfield market that sees very few multifamily transactions. The seller was able to take advantage of the strong demand for small multifamily properties and successfully capture the equity they had built over long-term ownership,” said Salazar.