Pinnacle Announces Record Breaking Apartment Sale
Josh Newell, a Principal at Pinnacle Real Estate Advisors, LLC is pleased to announce the sale 7635 W 60th Avenue in Arvada, Colorado. “This sale is a record breaker for the Jefferson County apartment market. No other apartment property built prior to 1980 has ever sold for this much per unit, and we had multiple bidders ready to set this new high-water mark. This is a testament to our sales process in addition to an exceptionally strong market environment,” commented Newell. The 16-unit apartment building was built in 1960 and sold on November 30th, 2021 with a contract price of $3,810,000, which equates to the new market record of $238,125 per unit. Josh Newell represented both the local Seller and out-of-state Buyer.
For more information on this sale please contact Josh Newell at 303-962-9559/JNewell@Pinnaclerea.com.