Pinnacle Announces Sale of 30-Unit Apartment Building in Southwest Denver

Joe Hornstein and Scott Fetter of the Hornstein Fetter Apartment Group and Jim Knowlton of the Knowlton Lawson Team at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of 3600 S. Lowell Blvd located in Denver, Colorado. The multifamily property has a total of 30 units. The building is located just west of S. Federal Blvd and south of W. Hampden Blvd. The property sold on March 29, 2019 for $4,325,000; $144,167/unit and $178/square foot. Joe Hornstein and Scott Fetter of the Hornstein Fetter Apartment Group represented the seller in the transaction and Jim Knowlton of the Knowlton Lawson Team represented the buyer in the transaction.

“The buyers were in 1031 exchange after selling an apartment building out of state and with very little inventory available, we were able to put them into an off-market deal that accomplished their goals,” Knowlton said.

“The sellers were not looking to sell, but we presented them with an opportunity they couldn’t pass up,” Hornstein said.  “It made sense for both sides.”