Pinnacle Announces the Sale of 1129 Pearl Street

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1129 Pearl Street located in Denver, CO. The 3,972 square foot multifamily building sold for $1,160,000 or $292 per square foot. Kevin Calame, Principal, represented the seller, Gaslight Properties, LLC in the transaction. Thomas Graeve, Senior Advisor, represented the buyer, Castle Lane Properties, LLC.

“The seller saw an opportunity to move out of his multifamily while the market is strong and move into a multi-tenant retail deal in Castle Rock with a higher return and lower management. The buyer is a long-term holder with property in the area. This location and asset made a good addition to his portfolio,” stated Calame.