Pinnacle Announces Sale of 1216 Pleasant Street in Boulder

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1216 Pleasant Street in Boulder, CO. The 6-unit property, consisting of 5 – 1Br/1Ba units and 1-studio unit, sold on April 19th for a Contract Price of $1,665,000; $277,500 per unit and $616 per square foot. The value-add property, located in a prime location on the coveted “University Hill,” is walking distance to University of Colorado Boulder campus and all of the bars, restaurants and retail on 13th Street. The property features immediate upside in rental income in as-is condition. Luke Salazar, Associate Advisor, and Jim Knowlton and Robert Lawson, Principals, were the only brokers involved in the transaction.