Pinnacle Announces the Sale of 4300, 4318 & 4320 South Broadway

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 4300, 4318 & 4320 South Broadway in Englewood. The multi-tenant buildings are situated on 2 parcels (.21 acres) and are comprised of one residential building and two retail buildings (4,940 total sf) located on the parcels. They were built in 1926, 1928 and 1951 are located just South of Englewood’s Main Street Corridor on South Broadway. The property sold for a contract price of $825,000; $167 average price per square foot on the buildings. The properties at the time of close were occupied by two tenants and were less than 50% occupied. The Buyer intends to reposition the properties by repairing some deferred maintenance and addressing the exterior of the buildings. Jamie Mitchell, Principal and Mike Krebsbach Senior Advisor represented the Buyer in the transaction.