Pinnacle Announces the Sale of 4401 Josephine Street

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 4401 Josephine Street in Denver, CO.  Located in the Cole Neighborhood, 0.25 acre parcel of land was positioned within an Opportunity Zone and zoned U-RH-2.5. Erik Toll & Christian Burgdorf advised Seller in the transaction.

“We were very pleased the land ended up in the hands of an affordable housing developer,” said Toll.  “When Opportunity Zones were introduced in 2017, it was largely unclear how the market would react.  While many questions still remain, this case was an example of a lower-income area directly benefiting from federal tax incentives and programs.”