Pinnacle Announces the Sale of 1453 Race Street

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1453 Race Street in Denver, CO.  Located adjacent to the historical Pete’s Kitchen in Cheesman Park, the five unit property sold for a record $1,618,000, or $323,600 per unit and a 4.07% cap rate. Erik Toll & Christian Burgdorf represented the seller in the transaction.

“1453 Race Street is a highly visible and historically significant building.  The owners did a remarkable job renovating the building and bolstering its profitability while being able to dually maintain its Victorian-era charm,” said Toll.