Pinnacle Announces Sale of 46-Unit Multifamily Property in Aurora
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 40,080 square-foot, 46-unit multifamily property for $8,337,500 located at 1747-1777 Peoria Street in Aurora, Colorado. The property, which features fourteen 1Bed/1Bath units and thirty-two 2Bed/1Bath units, traded at a current 4.5% Cap Rate. A Verizon cell tower lease generates additional income for the asset. The property traded at $180.94 per square foot, or $181,250 per unit. Barton Thompson, Senior Advisor, represented the Seller, IH Holdings Fourteen, LLC, and the Buyer, Fitz Investor LLC, in the transaction.
For more information on this sale please contact Barton Thompson.