Pinnacle Announces the Sale of 3300 Clay Street
Posted on December 19, 2019
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 3300 Clay St, a Highland neighborhood 4-plex built in 1942, for $1,010,000 ($252,500/unit), $408/SF, at a 4.08% Cap Rate. Andrew Monette and Jeff Johnson, at Pinnacle Real Estate Advisors, LLC, assisted both parties in the transaction.
“The Seller acquired a 3-property portfolio of 46-units in 2018 that included 3300 Clay St. As the building didn’t fit in his investment strategy, the Seller decided to sell the property. The Buyers are experienced investors in the Highland neighborhoods, and 3300 Clay St was an excellent addition to their portfolio,” stated Andrew Monette, Advisor at Pinnacle Real Estate Advisors.