Pinnacle Announces sale of 15- Unit Value-Add Multifamily/Condo Investment Property in Castle Rock
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 532 Oakwood Drive in Castle Rock, CO. The 15-unit property sold on November 18th for a Contract Price of $3,000,000; $200,000 per unit and $250 per square foot. The value-add multifamily/condo investment property consisted of 15 out of 16 condo units in one building – in a five-building community. The property featured an attractive unit mix of large, open 1Br/1Ba and 2Br/2Ba units with individual washer/dryers and immediate rental upside. Jim Knowlton, Principal, represented the Seller, and Robert Lawson, Principal, represented the Buyer in the transaction.