Pinnacle Announces the Sale of 1220-1242 Allison Street

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1220-1242 Allison Street located in Lakewood, CO. The 8,837 square foot multifamily building sold for $1,635,000 or $185 per square foot. Matt Lewallen, Principal, represented the buyer and seller in the transaction.

“The buyer was very happy with the 2bd/1ba unit mix and laundry in units,” stated Lewallen. “He plans to renovate and take advantage of all the redevelopment in the area, particularly the 200+ units that are scheduled to be developed directly neighboring the property.”