Pinnacle Announces the Sale of 1645-1655 Pierce Street

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1645-1655 Pierce Street located in Lakewood, CO. This 6 unit, 4,250 square foot multifamily building sold for $900,000 ($150,000/unit and $211.76 per square foot). Matt Lewallen, Principal, represented the seller in the transaction and Joe Hornstein, Principal, represented the buyer.

“Although the seller did not own the property long, he saw an opportunity to sell the asset and trade into something that both improved cash flow and better fit his needs,” stated Matt Lewallen.