Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 7885-7895 West  12^th Avenue in Lakewood, Colorado. The 17-unit portfolio sold on October 31^st 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.