Pinnacle Announces the Sale of 1220 Allison Street in Lakewood

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1220 Allison Street located in Lakewood, CO. The 8,837 square foot multifamily building sold for $1,770,000 or $200 per square foot. Kevin Calame, Principal, represented the buyers Bannock Street Holdings, LLC, E&K Investing, LLC, and T&R Investments, LLC in the transaction. Matt Lewallen, Principal, represented the seller 1220 Allison St, LLC in the transaction.

“The buyer plans to do light renovations, raise rents, and have a long-term investment with good cash flow,” stated Calame.