Pinnacle Announces Sale of 26 Unit Value-Add Property in Wheat Ridge
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 4747 Harlan Street in Wheat Ridge, CO. The 26-unit property, built in 1961, sold on September 20th for a Contract Price of $5,600,000; $215,385 per unit and $250.96 per square foot. Located between Olde Town Arvada and Tennyson Street, the value-add property is a short drive from several bars, restaurants, retail and entertainment venues. The property sold to an experienced investor after being on the market for less than two weeks. Mark Knowlton, Associate Advisor, Jim Knowlton, Principal, and Chris Knowlton, Senior Advisor, represented the Seller in the transaction.
“This legacy asset was owned by the sellers for 40+ years. They plan on doing a 1031 exchange into multiple properties out of state,” said Mark Knowlton.
For more information on this sale please contact Mark Knowlton at 720-638-5404 or MKnowlton@PinnacleREA.com; Jim Knowlton at 303-962-9543 or JKnowlton@pinnaclerea.com, or Chris Knowlton at 303-962-9566 or CKnowlton@pinnaclerea.com.