Pinnacle Announces the Sale of Trophy Asset in Capitol Hill
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1003 Corona Street in Capitol Hill. The one-of-a-kind historic mansion with 6 additional rental units, built in 1906, is located walking distance to Cheesman Park. The property sold on December 11th for a contract price of $2,300,000; $328,571 per unit and $213 per square foot. The property featured a great unit mix of (1) studio, (3) 1BD, (2) 2BD, and (1) 4BD with garages and off-street parking, newer roof and newer boilers. Chris Knowlton, Associate Advisor, and Robert Lawson and Jim Knowlton, Principals, represented the Seller in the transaction.
“This was a great transaction for both the Seller and Buyer. After only a week of marketing the property, we were able to generate a full price cash offer for our client. This is a testament to our full spectrum marketing program as we put this property out to the entire market and we found a Buyer from California that saw this as a perfect fit for their investment needs,” said Chris Knowlton.