Pinnacle Announces the Sale of 1520 Steele Street
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1520 Steele Street located in Denver, CO. The 6-unit property, built in 1901, sold for a contract price of $1,250,000; $208,333 per unit and $258.96 per square foot. The property, located in the Congress Park Neighborhood just steps away from music venues, restaurants and shops, featured updated units, updated electrical, and a newer roof. Kevin Calame, with the Calame│Lewallen Team represented the Seller in the transaction, and Jim and Chris Knowlton with the Knowlton│Lawson Team represented the Buyer in the transaction.
“We helped the Buyer refinance two of his existing properties and used the funds from that to purchase this building. The Buyer owns multiple buildings in this immediate area and felt it would be a perfect addition to his portfolio,” said Jim Knowlton.
“The Buyer owns nearby and felt this would be a great addition to his portfolio. The building was in superb condition,” said Calame.