Pinnacle Announces Sale of 4-Unit Apartment Building in Colorado Springs

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 4335 Ericson Drive in Colorado Springs. This multifamily property has 4 units and was built in 1969. The building is located just outside of Ft. Carson, near I-25 and South Academy Blvd. The property sold on December 12, 2018 for $435,000 or $108,750 per unit.  Corey Sandberg, with the Johnson Ritter Team, represented the Seller in the transaction.

“This transaction was a win for both parties involved. Our client was able to capitalize on a record of principled stewardship of the property, and delivered a turn-key asset to the Buyers. The new owners will enter the Colorado market, with a historically well performing property, boasting minimal deferred maintenance and a healthy return.” stated Corey Sandberg, Associate Advisor at Pinnacle Real Estate Advisors.