Pinnacle Announces Sale of 36 Unit Apartment Building In Denver

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of Yale Lanai Apartments at 4547-4567 E Yale Avenue in Denver, CO. The 36-unit property, built in 1960, sold on June 9th for a Contract Price of $7,500,000; $208,333 per unit and $267.38 per square foot. Located in the highly coveted University Hills neighborhood, the value-add property is walking distance to major shopping centers, retailers, dining and entertainment, and easy access to the Light Rail and the Highline Canal. The property sold off-market to an all-cash Buyer. Jim Knowlton, Principal, and Mark Knowlton, Associate Advisor, represented the Seller, and Robert Lawson, Principal, represented the Buyer in the transaction.