Pinnacle Announces Sale of 18 Unit Value-Add Property in Capitol Hill
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1224 East 13th Avenue in Denver, CO. The 18-unit property, built in 1906, sold on December 10th for a Contract Price of $4,000,000; $222,222 per unit and $391.89 per square foot. Located in the heart of Capitol Hill, the value-add property is walking distance to several bars, restaurants, retail and entertainment venues in Capitol Hill and Downtown Denver. The property sold off-market to an experienced investor who has acquired multiple properties in Capitol Hill over the last year. Mark Knowlton, Associate Advisor, and Jim Knowlton, Principal, represented the Buyer, and Thomas Graeve, Senior Advisor, represented the Seller in the transaction.
For more information on this sale please contact Mark Knowlton at 720-638-5404 or MKnowlton@PinnacleREA.com; Jim Knowlton at 303-962-9543 or JKnowlton@PinnacleREA.com; Thomas Graeve at 303-962-9539 or TGraeve@PinnacleREA.com