Pinnacle Announces the Sale of 1415 Pearl Street
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1415 Pearl Street in Denver. The 12-unit property, built in 1962, is located in the highly desirable Capitol Hill Neighborhood. The property sold on November 12th, for a contract price of $2,100,000; $175,000 per unit and $294 per square foot. The property featured (11) 1Br/1Ba units, and (1) Studio unit. Chris Knowlton, Senior Advisor, represented the Buyer in this Transaction.
“The Seller was looking to get out of the Denver market and the Buyers saw an opportunity to increase the rents to market rates by renovating the units.” said Chris Knowlton.