Pinnacle Announces Sale of 23 Unit Value-Add Multifamily Property

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 5502 Newland Way in Arvada, CO. The 23-unit property, consisting of all 1 Bed/1 Bath units, sold on July 30th for a Contract Price of $3,295,000; $143,261 per unit and $194.19 per square foot. Luke Salazar, Associate Advisor, and Jim Knowlton and Robert Lawson, Principals, represented both the Buyer and the Seller in the transaction.