Pinnacle Announces Sale of a 4-Unit Apartment Building in Colorado Springs
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1075 Magnolia St, Colorado Springs, Colorado. This multifamily property has 4 units and was built in 1972. The building is located less than a mile south of the University of Colorado’s Colorado Springs campus. The property sold on July 5th, 2016 for $290,000 or $72,500 per unit. Brent Hubbell represented the Seller while Jeff Johnson, with the Johnson Ritter Team, represented the Buyer in the transaction.
“The buyer expressed a need for a 4-unit deal in Colorado Springs. Pinnacle was able to identify an off-market opportunity that benefited both Buyer and Seller,” stated Brent Hubbell of Pinnacle Real Estate Advisors.