Southwest Denver apartment building commands $100K per door
12.7.16 Commercial Real Estate Denver, Denver Apartment Market, Multifamily Building Sale DenverThe property was an off-market deal as the seller was contacted by Pinnacle Real Estate Advisors. The seller was represented by Jeff Johnson & Matt Ritter, while Drew Goodman, 303-407-9785, J.B. Hochman, 303-962-9533, & Justin Brockman negotiated the ...
Zach Wright joined Pinnacle Real Estate Advisors as an associate advisor. He will work with company co-founder Jeff Johnson to form a national singe-tenant, net lease investment sales group. Amanda Tompkins Dorotik joined Pinnacle Real Estate Advisors as an ...
Prep building ahead of sale to maximize value
11.16.16 Colorado Multifamily Real Estate, Denver Multifamily, Jeff JohnsonBy Jeff Johnson, Colorado Real Estate Journal – November 2016 Multifamily Properties Quarterly Construction of new apartment buildings is leading metro Denver’s building boom, but many industry experts believe the multifamily market has reached its ...
Small-user industrial project achieves $111.11 per sf
11.11.16 Calame Lewallen Team, Denver Industrial Property Sale, Nick SchillAn owner that saw potential in an unfinished industrial property reaped its rewards with the sale of the asset for $111.11 per square foot. Oneida Street Partners LLC sold the two-building, small-user property at 8085-8095 Oneida St. in Commerce City to Dexter ...
Industrial property trades for $4 million
11.2.16 Commerce City Industrial Building Sale, Denver Industrial Real Estate, Nick SchillThe property sold on an in-place cap rate of 7.5%, with 15 tenants and 100% occupancy. The lease rate is $9.76 per square foot, modified gross, and expenses are $1.44 psf. Seller acquired this property in core and shell condition in February 2010 for $1.05M. ...
A big idea for a small site in Arapahoe Square
11.2.16 Billy Riesing, Denver Commercial Real Estate, Robert LawsonThe property had several offers the first day the property was listed and sold for $15,000 more than the asking price. “We have to be creative with great ideas for the highest and best use for a site,” said Robert Lawson, buyer’s representative in the ...