Pinnacle Announces Sale of 8 Unit Apartment Building in Greeley

Josh Newell, Owner/Principal, Connor Knutson, Vice President, and Jake Waxter, Associate Advisor with the Newell Team at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale 3014 7th Street in Greeley, CO. The 8-unit apartment building was built in 2003 and sold on December 8th with a contract price of $1,529,000; $191,125 per unit and $253.48 per square foot with a 4.37% current CAP rate.  “The buyer owned and operated two apartment buildings in the Denver Metro Area. We were able to sell both and execute a 1031-Exchange into 3014 7th Street, which accomplished their goals of owning a property with less management and commute time,” said Waxter. Josh Newell, Connor Knutson, and Jake Waxter represented the Buyer.