Pinnacle Announces Sale of 16- Unit Value-Add in Lakewood

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 16-unit multifamily property in Lakewood for a contract price of $2,380,000 located at 8205 W 16th Avenue, Lakewood, Colorado. Andrew Monette, Senior Advisor on the Johnson Ritter Team, represented the Buyer in the transaction, and Connor Knutson, Senior Advisor on the Newell Team represented the Seller.

“With few true value-add opportunities on the market, this was an excellent opportunity for my client to acquire the property at a great price and implement a renovation model on a property with significant deferred maintenance,” stated Monette.