Pinnacle Announces Successful Retail into Apartment 1031 Exchange
Posted on March 24, 2022
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 36-unit multifamily property for $6,950,000 located at 3076 W 71st Way in Westminster, Colorado. Andrew Monette, Vice President on the Johnson Ritter Team, represented the Buyer in the transaction.
“We were thrilled to help our client successfully satisfy their 1031 Exchange requirement by trading out of a multi-tenant retail portfolio into a single multifamily asset. The Buyer will be able to increase his cash flow position drastically while also setting himself up for future value-add at the property,” stated Monette.
For more information on this sale please contact Andrew Monette.