Pinnacle Announces the Sale of an 8-Unit Multifamily Property in Aurora

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of an 8-unit, (6) 1Bd/1Ba & (2) 2Bd/1Ba, multifamily property for $1,400,000 ($175,000/Unit, $259.26/SF), with an in-place Cap Rate of 3.81% and a proforma Cap Rate of 6.43%, located at 2348 & 2356 Emporia Street in Aurora, Colorado. Barton Thompson, Vice President, and James Few, Associate Advisor, represented the buyer in the transaction.

Building Type: Multifamily

Current Cap Rate: 3.81%

Proforma Cap Rate: 6.43%

Year Built: 1957

Building Size: 5,400 SF

Lot Area: 10,375 Acres