Pinnacle Announces the Sale of 3355-3373 Sheridan Boulevard
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 3355-3373 Sheridan Boulevard located in Wheat Ridge, CO. The 13,188 square foot multifamily building sold for $1,900,000 or $144 per square foot. Kevin Calame, Principal, represented the buyer, 3355-77 Sheridan Blvd, LLC and seller, 5340, LLC in the transaction.
“The seller purchased this property about a year ago and since then has added value by renovations, increased rentable square footage, and higher rents,” stated Calame. “Due to this increased value he was able to sell at a nice profit while also giving the buyer a decent return for a long-term hold.”