Pinnacle Announces Sale of 34-Unit Value-Add Apartment Complex in Englewood

Mark Knowlton, Advisor, Jim Knowlton, Owner/Principal, and Chris Knowlton, Vice President at Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of the Kings Brook Arms Apartments, located at 3445-3455 South Marion Street in Englewood, CO. The value-add 34-unit property sold on May 16th for a contract price of $5,100,000 ($150,000 per unit). Situated on a half-acre lot just blocks away from Swedish Medical Center and Craig Hospital, and walking distance to a wide variety of restaurants and retail, Kings Brook Arms offered tenants both quiet living and convenient accessibility. Bank of Colorado provided financing for the acquisition.