Pinnacle Announces Sale of 8 Unit Apartment Building in Lakewood
Josh Newell, Owner/Principal, and Connor Knutson, Vice President, with the Newell Team at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of 183-193 S Ingalls Street in Lakewood, Colorado. The 8-unit apartment building was built in 1978 and sold on June 10th with a contract price of $1,675,000; $209,375 per unit and $263.86 per square foot. “183-193 S Ingalls had a 60% LTV Loan Assumption requirement, which definitely shrank the Buyer pool, however we also knew that there is enough capital chasing quality suburban assets that we’d be able to execute this sale,” commented Knutson. Josh Newell and Connor Knutson represented the Seller and Buyer.