Pinnacle Announces Sale of 24-Unit Multifamily Property in Colorado Springs

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of Cottonwood Creek Apartments, a 24-unit multifamily property for $3,500,000 located at 1419-1431 Imperial Rd, Colorado Springs, Colorado. Michael Krebsbach, Vice President, and Kenny Clarke, Associate Advisor, worked with the Buyer in the transaction.

“This is an inviting property in a great location within the market. The Seller has taken meticulous care over the years in preserving the charm and we’re pleased to have helped our Buyer purchase it at an attractive basis. We’re very proud to see this one get closed for a variety of reasons. Substantial upside exists that should produce abundant cash flow here for years, and this transaction is a testament to persistence, as we submitted multiple offers from this same Buyer dating back to July 2023 before finally coming to terms on an agreeable deal in March of this year. Congratulations to all parties,” said Krebsbach and Clarke.