Pinnacle Announces Sale of Broadridge Apartments in Littleton
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of Broadridge Apartments, a 54-unit apartment complex for $10,900,000 ($201,851/unit) located at 6900 S Bannock St in Littleton, Colorado. Jeff Johnson and Andrew Monette, at Pinnacle Real Estate Advisors, LLC, assisted both the Buyer and Seller parties in the transaction.
“Since their acquisition of the property, the Sellers of Broadridge Apartments had renovated a majority of the units and the property appreciated well in a relatively short timeframe,” stated Jeff Johnson, Co-Founder and Principal of Pinnacle Real Estate Advisors. “With some units still ripe to renovate, the Buyer will be able to continue to add value and should be positioned well in the future with this long-term asset,” stated Andrew Monette, Associate Advisor at Pinnacle Real Estate Advisors.