Pinnacle Announces Sale of 853 N Ogden Street in Denver

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 853 N Ogden Street in Denver, CO. The 6-unit property, built in 1900, sold on September 6th for a Contract Price of $1,350,000; $225,000 per unit and $307.24 per square foot. The value-add property, consisting of (6) 1Br/1Ba units, was located in the heart of the Capitol Hill neighborhood. This was the first multifamily acquisition for the out-of-state Buyers that plan to renovate the units and add high-end finishes throughout. Peter Sengelmann and Eric Diesch, Vice Presidents, and Matt McGrath, Associate Advisor, represented the Seller in the transaction, and Jim Knowlton, Owner/Principal, and Quentin Shore, Associate Advisor, represented the Buyer in the transaction.

“The Seller came to us with a specific goal on timing and price. We were happy to help them find a buyer despite interest rate headwinds,” said Sengelmann.