Pinnacle Announces Sale of a 9-Unit Apartment Building in Aurora
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2200 Dayton Street located in Aurora, Colorado. This multifamily property has 9 units and was built in 1955. The building is located on Dayton Street, north of Montview Boulevard. The property sold on May 1, 2018 for $1,125,000; $125,000/unit and $374.38/square foot. Scott Fetter, Principal, represented the buyer and the seller in the transaction.
“The sellers were approached by an experienced local investor and were offered terms that allowed them ample time to search for a suitable exchange property,” said Fetter. “With concern about a potential softening in the market, the sellers went under contract on, and will close, a more renovated property in an area they are more comfortable with long term. In addition to the better location, they are exchanging into a more turnkey deal that qualified for a great loan.”