Pinnacle Announces Sale of 28 Unit Multifamily Investment in Aurora

Josh Newell, Principal, Bart Thompson, Senior Advisor, and Jesse Allen, Associate Advisor with the Newell Team at Pinnacle Real Estate Advisors, LLC is pleased to announce the sale 15500 E 13th Avenue in Aurora, Colorado. The 28-unit multifamily investment was built in 1972 and sold on October 16th with a contract price of $3,100,000; $110,714 per unit and $181.67 per square foot.  There was 18% physical vacancy in the past twelve months. The Newell Team represented both the Seller and Buyer.