Pinnacle Announces the Sale of Value-Add 5-Plex in Broomfield
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 101 Laurel Street in Broomfield, CO. The rare value-add 5-plex, built in 1959, is located with easy access to both Boulder (Hwy 36) and Denver (I-25). The property sold on July 2nd for a contract price of $625,000; $125,000 per unit and $243 per square foot. The property featured an attractive unit mix of one bedroom, two bedroom and studio units all individually metered for gas and electric. Luke Salazar, Associate Advisor, and Robert Lawson and Jim Knowlton, Principals, represented both the buyer and seller in the transaction.
“The seller maintained the property impeccably for 20+ years and the buyer hit a home run with an investment in their ideal location,” said Salazar.