Luke Salazar, Vice President at Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of 5815 Pierce Street, Units A-H, in Arvada, CO. The 8-unit property, comprised of (8) 2Br/1.5Ba townhome-style units, sold on January 21^st for a contract price of $1,925,000 ($240,625 per unit; $241 per square foot). The property, which has been under long-term ownership, was located just a half mile from Olde Town Arvada, and offered the potential to add a third bedroom in the basement of each unit. Luke Salazar represented the Buyer in the transaction.

“The property offered a clear value-add strategy through renovations and the ability to add a third bedroom and bathroom to each unit, all in a prime location just minutes from Olde Town Arvada. Seller financing remains a huge benefit in today’s challenging market and allowed the buyer to position this deal for success,” said Salazar.

For more information on this sale please contact Luke Salazar at 303-962-9534 or LSalazar@PinnacleREA.com.