Pinnacle Announces Sale of 7 Unit Apartment Building in Wheat Ridge

Connor Knutson, Vice President with the Newell Team at Pinnacle Real Estate Advisors, LLC is pleased to announce the sale 10345 W 41st Ave in Wheat Ridge. The 7-unit apartment building was built in 1962 and sold on April 6th with a contract price of $1,460,000; $208,571 per unit and $367 per square foot. The property consisted of all one-bedroom units, and featured garages/storage units. The property was acquired by an out-of-state buyer completing a 1031 exchange, who purchased the asset in an all-cash transaction. Connor Knutson represented the Seller.

For more information on this sale please contact Connor Knutson at 303-962-9567/CKnutson@Pinnaclerea.com.