Pinnacle Announces Sale of 54 Unit Apartment Building in Lakewood

Josh Newell, Principal, Jim Knowlton, Principal & Chris Knowlton, Senior Advisor at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of Willow Rush a 54-unit apartment community located at 420 S Depew Street in Lakewood, Colorado. Out-of-state owner hired Josh Newell and his team to sell the asset. “Appetite for this asset was strong as we received ten offers after marketing Willow Rush for one month. We ended up choosing one of the multiple out-of-state Buyers who submitted an aggressive, above list price offer,” Newell commented. The 54-unit apartment building was built in 1982 and sold on December 10th with a contract price of $10,875,000; $201,389 per unit and $205.60 per square foot.  Josh Newell represented the Sellers and Jim & Chris Knowlton represented the Buyers.