Pinnacle Announces the Sale of a 4-Plex Multifamily Building in Aurora

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 4-unit multifamily building for $790,000; $197,500/Unit, $232.22/SF, with an in-place Cap Rate of 5.05% and a proforma Cap Rate of 6.70%, located at 1430 Joliet Street in Aurora, Colorado. Barton Thompson, Vice President represented the buyer and seller in the transaction.

Building Type: 4-Plex
  • 6.70% Proforma Cap Rate
Year Built: 1953
  • Individually Metered for Gas & Electric
Building Size: 3,402 SF
  • Rapidly Improving Location near Fitzsimons Medical Campus & Stanley Marketplace
Lot Area: 6,055 Acres
  • Located in an Opportunity Zone