Pinnacle Announces Sale of an 8-Unit Multifamily Building in Aurora, CO
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of an 8-unit multifamily building for $1,250,000; $156,250/Unit, $246.55/SF, current Cap Rate of 4.75% and proforma Cap Rate of 6.01%, located at 1984 Akron Street in Aurora, Colorado. Barton Thompson, Vice President, and Jennifer Sebald, Associate Advisor, represented the buyer, a local investor. The buyer recently sold a 4-unit multifamily property also represented by the Thompson Group. Barton Thompson, Vice President, represented the seller, a local investor. The Seller is currently under contract and plans to 1031 exchange into an 8-unit multifamily property also represented by the Thompson Group.