Pinnacle Announces Sale of 10 Unit Apartment Building in Wheat Ridge

Adam Rakoczy, Associate Advisor, Robert Lawson, Principal, and Luke Salazar, Vice President at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of 7649 West 32nd Avenue in Wheat Ridge, CO. The 10-unit building sold on October 15th for a Contract Price of $2,100,000 ($210,000/Unit). The property, built in 1959, consisted of (9) spacious 2-bedroom/1-bathroom units and (1) 3-bedroom/1-bathroom unit.

Adam Rakoczy, Robert Lawson and Luke Salazar represented the Buyer in the transaction.

“The buyer of this property has very specific buying criteria and this property checked all of those boxes. The buyer submitted an all-cash offer paired with a quick close and was able to secure property below list price,” said Adam Rakoczy.