Pinnacle Announces the Sale of 24-Unit Apartment Building in Colorado Springs

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 4445-4491 E Pikes Peak Avenue located in Colorado Springs, Colorado. This multifamily property has 24 units and was built in 1983. The building is located just off East Platte Avenue, near the Colorado Springs Airport/Peterson Air Force Base. The property sold on June 13, 2016 for $1,990,000 or $82,917 per unit.  Jeff Johnson and Matt Ritter, with the Johnson Ritter Team, and Brent Hubbell represented the Buyer in the transaction.

“The out-of-state Buyer was very excited to acquire an investment property in this thriving Colorado market,” stated Jeff Johnson, Principal at Pinnacle Real Estate Advisors.