Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 127 and 135 University Drive located in Colorado Springs, Colorado. This multifamily property has 8 units and was built in 1969. The buildings are located east of Downtown Colorado Springs, and sold for $530,000 ($66,250/unit; $78.38/square foot). Eric Veith represented the buyer and seller in the transaction.

“The sellers were looking for an opportunity to move out of this asset off-market and the buyer already owned other properties in the vicinity,” according to Veith. “It ended up being a win-win for everyone. The sellers were able to exit smoothly and the buyer is left with a solid opportunity to add value in the future.”