Pinnacle Announces Sale of 231 Logan Street in Denver
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 231 Logan Street in Denver, Colorado. This 11-unit property sold on March 4th with a contract price of $1,350,000; $122,727 per unit and $288.96 per square foot. The property, located in the West Washington Park neighborhood, featured all studios with attractive floor plans, renovated units and 11 off-street parking spaces.
The property was constructed in 1955. Jim Knowlton and Robert Lawson, Senior Advisors at Pinnacle Real Estate Advisors, and Chris Knowlton, Associate Advisor at Pinnacle Real Estate Advisors, worked with the buyer and the seller.
“This was an off-market transaction. The buyer was in a 1031 exchange and the seller was looking to purchase a property elsewhere. The property boasts significant upside in rents and will be a great addition to the buyer’s portfolio,” said Jim Knowlton.