Pinnacle Announces the Sale of 4490 E Jewell Avenue in Denver

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 4490 East Jewell Avenue in Denver, Colorado.  The 92 unit apartment building sold on February 6th for $12,500,000 or $135,869 per unit.   Jules Hochman and Justin Brockman, both Principals, represented the seller in the transaction. Jamie Mitchell, Principal, and Michael Krebsbach, Senior Advisor, represented the buyer in the transaction.

“The buyer plans on vacating the entire complex with plans to extensively renovate the interior and exterior of the property over the coming months. They hope to have the entire complex renovated and re-leased within a year or so,” stated Krebsbach.