Pinnacle Announces Sale of a 4-Unit Apartment Building in Colorado Springs
Posted on July 12, 2016
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.