Pinnacle Announces Sale of Land Parcel in Cherry Creek

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 3825 East 4th Avenue in Denver, Colorado. The parcel of land sold for $1,600,000 or $128 per square foot. The 12,500 square foot plot of land included a 5 unit multifamily property.  Brent Hubbell, Advisor, represented the seller in the transaction.

“After owning the property for 20 years, the seller decided to sell and capitalize on current market conditions. The property was very attractive to the buyer due to its location. The developer who purchased the land intends on building townhomes,” stated Hubbell.