Pinnacle Announces the Sale of The Townhouses at Cherry Creek North in Denver

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of The Townhouses at Cherry Creek North, a luxury multifamily community located at 101 Harrison Street in Denver, Colorado.  Consisting of twelve townhouse style units, the property sold for $6,900,000 – or $575,000 per unit – representing one of the most expensive per-unit, arms-length multifamily transaction recorded in Denver*.  Erik Toll represented the Seller and Buyer in the transaction.

“Andrew Sumners is an accomplished architect whose experience was put on full display with this property,” stated Toll.  “The retired zoning, top of line finishes, and desirable location make it truly one-of-a-kind.”

The Townhouses at Cherry Creek North offers tenants top of line construction, energy-efficient design, quartz countertops, 9-foot ceilings, private outdoor decks, heated underground parking, 24 hour video surveillance, and a plethora of other desirable features.

“The Buyer, a well-seasoned out-of-state investor,” continued Toll, “plans to capitalize on the rent demographics of one of the wealthiest neighborhoods in Denver.  The sticker price may draw some eyes, but the current and long-term value make this a true win for all parties involved.”

*per CoStar