Pinnacle Announces the Sale of 60 Unit Multifamily Property

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 60 Unit multifamily property for $6,300,000 located at 3617 Marion Drive and 3604 E Uintah Avenue, Colorado Springs, Colorado. Michael Krebsbach, Senior Advisor, represented the seller, Sonoma Heights LLC and the Buyer in the transaction.

“We were able to assist the Seller in successfully identifying and putting under contract a new-construction 4-tenant NNN retail property three weeks prior to the sale of Sonoma Heights. We are pleased that she will close on her 1031 Exchange just three days following the successful sale of her downleg,” said Michael Krebsbach, Senior Advisor.