Olde Town Arvada Apartments Sold for $2,650,000

Josh Newell, Principal at Pinnacle Real Estate Advisors, LLC, announces the sale of 7635 W 60th Ave in Arvada, Colorado. The 16-unit building sold on November 14th with a contract price of $2,650,000; $165,625 per unit and $166.88 per square foot.

The property was constructed in 1960. Newell represented the local buyer and seller in the transaction.

“This was the back-end of a reverse 1031 exchange for the Seller and a nice value-add opportunity relatively close to Olde Town Arvada for the Buyer,” commented Newell.