Pinnacle Announces Sale of 23 Unit Multifamily Property in Colorado Springs

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 23-Unit multifamily property for $4,075,000 located at 3164 W Colorado Ave, Colorado Springs, Colorado. Michael Krebsbach, Senior Advisor and Kenny Clarke, Associate Advisor, represented the Buyer.

“The Buyer saw an opportunity to capitalize on the demand of the Colorado Springs market and purchase a well-maintained asset with strong financials. The Buyer offered hard earnest money day 1 of PSA execution, and did not ask for any retrades, buying the property as-is. They plan to enjoy the cash flow of the asset.” said Mike Krebsbach and Kenny Clarke of Pinnacle Real Estate.