Josh Newell, Owner/Principal at Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of Cedar Court located at 7750 W. 61st Avenue in Arvada, CO. The 16-unit apartment building, originally constructed in 1959, sold on August 29th for $3,550,000 – equating to $221,875 per unit and $268.45 per square foot. This price per unit marks one of the highest figures achieved in recent years for an unrenovated property of this vintage in suburban Metro Denver.

“This transaction required patience and persistence,” said Newell. “It took several months to reach the closing table, and my Team and I were proud to guide the first-time buyer through the process successfully.”