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 1236 N Marion Street in Denver, CO. The 12-unit building, built in 1926, sold on December 16th for a Contract Price of $1,725,000 ($143,750/Unit). The value-add property, located in the highly coveted Cheesman Park neighborhood, consisted of 12 studio units within walking distance to Cheesman Park, Denver Botanic Gardens, and an array of bars, restaurants, and retail on Colfax Avenue.

“The sale of 1236 Marion Street highlights the continued demand for well-located, mid-sized apartment buildings in central Denver,” said Adam Rakoczy, Associate Advisor at Pinnacle Real Estate Advisors. “The buyer plans to modernize units through renovation to bring rents to market and increase revenue.”

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