Pinnacle Announces Sale of 12 Unit Apartment Building in Golden, CO
Posted on June 3, 2021
Josh Newell, Principal, and Connor Knutson, Senior Advisor with the Newell Team at Pinnacle Real Estate Advisors, LLC are pleased to announce the 1411 Ulysses Street in Golden, Colorado. The 12-unit apartment building was built in 1972 and sold on June 2nd with a contract price of $2,300,000; $191,667 per unit and $295.78 per square foot. Newell remarked that this property “quickly received multiple offers from both in-state and out-of-state investors” and further remarked that “demand for suburban C-class apartments is about as strong as I have seen in my 16-year career.” Josh Newell represented the Seller and Connor Knutson represented the Buyer.