Pinnacle Announces Sale of 54-Unit Apartment in Littleton

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of Broadridge Apartments, a 54-unit multifamily property for $17,300,000 located at 6900 S Bannock St in Littleton, Colorado. Andrew Monette, Vice President on the Johnson Ritter Team, assisted both parties in the transaction.  With a closing price per unit of $320,370, Broadridge Apartments represents the highest price per unit for multifamily product built pre-2000 in Littleton history.

“Consisting of very-large units, all with private yards, and some being townhome style, Broadridge Apartments is a very unique asset in the Littleton submarket.  Through our marketing we created a competitive buyer situation with multiple qualified groups vying for the property, achieving a record price per unit for pre-2000 construction multifamily product in Littleton.  The buyer plans to further the renovations on-site and will do very-well in this growing rental market.  We were beyond pleased to assist both groups reach the closing table,” stated Monette.