Pinnacle Announces the Sale of Apartment Buildings and Land Assembly in Lakewood

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1411-1429 Pierce Street. The assemblage includes buildings dating to the 1930’s that are spread out on over an acre of land with mixed-use zoning. The properties sold on July 10, 2017 for $1,185,000. Eric Veith, Associate Advisor with the Hornstein│Fetter Apartment Group, represented the buyer in this transaction.

“The seller purchased these properties a while ago as investment properties. It was time for him to move onto the next opportunity, and the buyer was able to step in with a vision to leverage the favorable zoning and develop the land somewhere in the future,” according to Veith. “We were able to help both sides achieve their respective goals, and I think both will do very well in the long-term.”