Pinnacle Announces Sale of 24-Unit Apartment Building in Aurora
Joe Hornstein, Scott Fetter and Jessica Schmelzer of the Hornstein Fetter Apartment Group at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of 15800-15830 E. 13th Place located in Aurora, Colorado. This multifamily property has 24-units and was built in 1979. The property is conveniently located less than 2 miles from the Fitzsimons medical campus and redevelopment area. The transaction closed on August 29th, 2019 for $3,927,500 or $163,646 per unit. Joe Hornstein, Scott Fetter and Jessica Schmelzer of the Hornstein Fetter Apartment Group represented the buyer and seller in the transaction.
“The property wasn’t listed and the Seller wasn’t motivated to sell the property, but Buyer submitted unsolicited offer for consideration that was in line with the Sellers expectations and we put it together. The Buyer was able to secure a great Freddie Mac Small Balance loan thru CBRE, which helped the Buyers achieve their long term investment goals.”