Pinnacle Announces Sale of Wadsworth Station West Apartments
Josh Newell, Principal with the Newell Team at Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of the 24-unit apartment community located at 1260 Balsam St, Lakewood, CO commonly known as Wadsworth Station West. The three adjacent apartment buildings were built in 1962 and are comprised of nicely updated one-bedroom units. “This was the perfect exchange property for one of our clients who executed on their strategy to exit an Aurora apartment property and move over to Jefferson County. After marketing this property for just one week, we had multiple offers from both in-state and out-of-state Buyers. This sale also sets the new record for c-class suburban, one-bedroom apartment properties, so the Seller was also very satisfied with the outcome,” commented Newell. Wadsworth Station West sold on August 31st, 2021 with a contract price of $4,300,000; $179,167 per unit and $246.05 per square foot. Josh Newell represented both the Seller and the Buyer.