Pinnacle Announces Sale of 1260 Pennsylvania Street in Capitol Hill Neighborhood

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1260 Pennsylvania Street. This 25 unit multifamily property is located in the Capitol Hill Neighborhood in Downtown Denver. The building was built in 1924. The property sold on January 27, 2017 for $3,600,000 or $144,000 per unit. Kevin Calame, along with the Calame│Lewallen Team, represented both the buyer and seller in this transaction.

“The sellers had the opportunity to purchase the property at a below market value and turn for a decent profit in only 8 months,” said Kevin Calame.