Pinnacle Announces Off-Market Sale of 17 Units in Lakewood
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 7305 W 9th Place in Lakewood, CO. The 17-unit property, built in 1960, sold on April 25th for a Contract Price of $3,525,000; $207,353 per unit and $281.01 per square foot. Located walking distance to Lakewood’s Wadsworth light rail station, and just over 2 miles from Edgewater Public Market and Sloan’s Lake, the property featured an attractive unit mix of (1) Studio, (10) 1Br/1B units, and (6) 2Br/1Ba units. The on-site amenities included dishwashers, wall A/C units, laundry and off-street parking. Luke Salazar, Senior Advisor, and Robert Lawson and Jim Knowlton, Principals represented both the Buyer and the Seller in the transaction.
“This transaction was a pleasure to work through. The seller found an exchange that fits perfectly into his goals moving forward and the Buyer was pleased to find another value-add property that is very similar to properties they’ve acquired in the past few years with us,” said Salazar.
For more information on this sale please contact Luke Salazar at 303-962-9534 or LSalazar@PinnacleREA.com.