Pinnacle Announces Sale of 10 Unit Value-Add Property in Greeley

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2130 28th Avenue in Greeley, CO. The 10-unit property, built in 1985, sold on March 11th for a Contract Price of $2,370,000; $237,000 per unit and $224.22 per square foot. The property consists of (6) 2Br/1.5Ba units and (4) 3Br/2.5Ba townhome style units with individual garages. Located in the heart of Greeley, the value-add property is minutes away from the University of Northern Colorado and the North Colorado Medical Center. The property sold off-market to a 1031 investor who was excited about the opportunity to pick up 10-units in an up-and-coming market. Mark Knowlton, Associate Advisor, and Jim Knowlton, Principal, represented the Buyer. Quentin Shore, Associate Advisor, and Chris Knowlton, Vice President, represented the Seller in the transaction.

For more information on this sale please contact Mark Knowlton at 720-638-5404 or; Quentin Shore at 303-407-9783 or; Chris Knowlton at 303-962-9566 or at;  Jim Knowlton at 303-962-9543 or;