Courtyard Apartments Sold for $2,810,000

Posted on November 2, 2017
Apartment Portfolio Sale Lakewood Barton Thompson Connor Knutson Josh Newell Multifamily Brokers Lakewood The Newell Team

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 7885-7895 West  12th Avenue in Lakewood, Colorado. The 17-unit portfolio sold on October 31st with a contract price of $2,810,000; $165,294 per unit and $140.98 per square foot.  Josh Newell and Connor Knutson represented the seller.

“The sellers owned and managed this property for over 20 years,” said Knutson. “Moving into retirement, they were thrilled to sell the property over list price to a local 1031 exchange buyer.”

Josh Newell and Barton Thompson represented the buyer in the transaction.

“The asset is well located near the Wadsworth Light Rail Station, helping to position the new owner for a long term hold,” stated Thompson.