Pinnacle Announces the Sale of 80 S. Washington Street
Chris Knowlton, Associate Advisor at Pinnacle Real Estate Advisors, LLC, Jim Knowlton, Principal at Pinnacle Real Estate Advisors, LLC, and Robert Lawson, Senior Advisor at Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of 80 S Washington Street located in Denver, CO. The 7-unit property, built in 1953, sold for a contract price of $930,000; $132,857 per unit and $224.80 per square foot. The property, located a few blocks north of Washington Park, featured an excellent unit mix of studios, 1 bedroom and 2 bedroom units, and had new paint, windows, gutters and hot water heater. Chris Knowlton with the Knowlton│Lawson Team represented the Buyer in the transaction.
“This was the upleg of our Buyer’s 1031 exchange. He sold a 4 unit in Westminster and we helped him pick up a 7 unit property in the highly desirable West Wash Park neighborhood,” said Chris Knowlton.