Pinnacle Announces the Sale of Zuma Lofts in Denver
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of Zuma Lofts located at 3455 West 38th Avenue in Denver, CO. The 22,236 square foot mixed use building consists of two ground level retail units and 18 multifamily units above. Zuma Lofts sold for $6,860,000 or $309 per square foot. Matt Lewallen, Principal, represented the buyer, RLC Zuma, LLC and the seller, Zuma Lofts, LLC in the transaction.
“The turn-key nature and level of finish made the asset a perfect fit for the buyer’s portfolio. The seller has enjoyed owning it but looks forward to moving the money into other assets that offer more hands-on oversight,” stated Lewallen.