Pinnacle Announces Sale of 24 Units in Wheat Ridge

Jim Knowlton, Owner/Principal at Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of 6465 W 38th Avenue in Wheat Ridge, CO. The 24-unit property sold on April 22nd for a Contract Price of $5,300,000 ($220,833/Unit). The property, built in 1962, consisted of (7) 1bedroom/1bathroom units and (17) 2 bedroom/1bath units, each with private balconies/patios. The Buyer was able to assume the Seller’s existing debt on the property which had 7 years of term left, fixed at 3.14%.

Jim Knowlton represented both the Buyer and the Seller in the transaction.