Pinnacle Announces Sale of a 117-Unit Multifamily Apartment Building in Wyoming
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 112-unit, multifamily apartment building for $7,500,000 located at 4700 Mountain Road in Cheyenne, Wyoming. Jeff Johnson and Andrew Monette, represented the Seller, Mountain Elk Ridge, LLC in the transaction.
“Having owned Mountain Elk Ridge for nearly two-decades, our clients had built-up a significant amount of equity in the property. By leveraging this equity into a larger asset, our clients were able to drastically increase their cash flows,” said Andrew Monette, Associate Advisor at Pinnacle Real Estate Advisors.