Pinnacle Announces the Off-Market Sale of Ralston Oak Apartments in Arvada
Jim Knowlton & Robert Lawson, Principals at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of 10795 W 64th Avenue in Arvada, Colorado. The 23-unit apartment building, built in 1983, sold off market on January 27th with a contract price of $3,950,000; $171,739 per unit and $187.51 per square foot.
Located near several parks and less than 10 minutes from Olde Town Arvada, the property featured large, lightly updated one- and two-bedroom units, new roof and sewer line, ample off-street parking, and on-site laundry facilities. Jim Knowlton represented the Seller, and Robert Lawson represented the Buyer in the transaction.
“Both Buyer and Seller were executing 1031 Exchanges. The Buyer plans to perform further renovations and updates to the property,” said Lawson.