Pinnacle Announces Sale of 18 Units in Evans

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2916-2924 Glendale Drive in Evans, Colorado. The 18-unit property, built in 1973, sold on January 17th for a Contract Price of $2,100,000; $161.44 per square foot. Chris Knowlton, Vice President, represented the Buyer, Glendale Properties LLC, in the transaction.

“This was the 6th deal we successfully closed with this Buyer in the past 6 months and was the final upleg of the Buyer’s 1031 exchange.  The Buyer plans to continue to update units and increase rents to market,” said Knowlton.