Pinnacle Real Estate Advisors

Josh Newell, Owner/Principal, and Connor Knutson, Vice President with the Newell Team at Pinnacle Real Estate Advisors, are pleased to announce the sale 5562 Newland Way, Arvada, CO 80002. The 8-unit apartment building consists entirely of 1 bedroom units, was built in 1971, and sold on December 20th with a contract price of $1,265,000 and $250 per square foot. Read more about this sale: https://lnkd.in/gQazFV7Q Click here to see The Newell Team’s current listings: https://lnkd.in/ggQVMNmK

Pinnacle Real Estate Advisors is proud to sponsor and support the Denver Santa Claus Shop, a nonprofit dedicated to bringing joy to families in need by providing the opportunity to shop for free toys every December. This event brings us so much joy and we are grateful to give back to the community. Happy Holidays! #DenverSantaClausShop #PinnacleRealEstateAdvisors

Pinnacle Real Estate Advisors is pleased to announce the successful sale of a 10,500-square-foot retail property located at 468 US-491, Dove Creek, Colorado, for $1,386,097. The property is currently leased to Family Dollar Tree. Peter Sengelmann, Vice President at Pinnacle Real Estate Advisors, represented the buyer in this transaction. “The buyer approached me with a specific 1031 exchange requirement following the sale of a rental property in Southwest Colorado. I was delighted to assist her in identifying an investment property that aligns with her cash flow objectives and is situated within her preferred region of the state,” said Sengelmann. Read more about this sale: https://lnkd.in/gQ-u8yVy Click here to see Peter Sengelmann's current listings: https://lnkd.in/g_6EY4M5

Pinnacle Real Estate Advisors is pleased to announce the sale of a 24,178 square foot industrial property located at 501-521 Kalamath in Denver, Colorado for $4,100,000. Paul Nora, Advisor, and Jamie Mitchell, Principal, represented the Seller in the transaction. “Our clients did a great job improving the property in order to achieve a significantly higher purchase price compared to what they bought the property for last year. The new owners will operate their HVAC business out of half the property while cash-flowing the other half. Congratulations to all parties!” said Jamie Mitchell. Read more about this sale: https://lnkd.in/ggFvpTb8 Click here to see The Mitchell/Nora Investment Group's current listings: https://lnkd.in/g5ZW5cpZ

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Pinnacle Real Estate Advisors is pleased to announce the sale of a 2,070 square foot Flex Condo for $600,000 located at 791 Southpark Dr in Littleton, Colorado. Corey Sandberg and Jack Eberwein, Vice President and Associate Advisor with the Sandberg Monette Team, facilitated the transaction for the Seller and Buyer. “The Sandberg Monette Team was honored to facilitate the sale and purchase of this rare flex condo located in the high-income area of Littleton. We were able to navigate the extremely high demand and create a very competitive multiple offer environment which allowed for a seamless transaction and terms that worked well for all parties. The Buyer will be retaining the current customer facing workshop and stepping into a thriving business, and the Seller will be able to enjoy a more hands-off approach. We are grateful for all parties involved and the trust that was placed in our team to provide a successful and smooth transaction.” Read more about this sale here: https://lnkd.in/gFmQdgMZ Click here to see The Sandberg Monette Team's current listings: https://lnkd.in/g3njy9DP

Adam Rakoczy, Associate Advisor, Robert Lawson, Principal, and Luke Salazar, Vice President at Pinnacle Real Estate Advisors, are pleased to announce the sale of 1236 N Marion Street in Denver, CO. The 12-unit building, built in 1926, sold on December 16th for a Contract Price of $1,725,000 ($143,750/Unit). The value-add property, located in the highly coveted Cheesman Park neighborhood, consisted of 12 studio units within walking distance to Cheesman Park, Denver Botanic Gardens, and an array of bars, restaurants, and retail on Colfax Avenue. “The sale of 1236 Marion Street highlights the continued demand for well-located, mid-sized apartment buildings in central Denver,” said Adam Rakoczy, Associate Advisor at Pinnacle Real Estate Advisors. “The buyer plans to modernize units through renovation to bring rents to market and increase revenue.” Adam Rakoczy, Robert Lawson and Luke Salazar represented the Buyer in the transaction. Read more about this sale: https://lnkd.in/g9N83pv2 Click here to see The Knowlton Lawson Team’s current listings: https://lnkd.in/g9DpY8Dr

Josh Newell, Owner/Principal & Connor Knutson, Vice President with the Newell Team at Pinnacle Real Estate Advisors, are pleased to announce the sale 4439 W Nevada Place in Denver, CO. The 9-unit apartment building was built in 1956 and sold on December 16th with a contract price of $1,575,000; $175,000 per unit and $245.33 per square foot. Josh Newell & Connor Knutson represented the Seller and Buyer. Read more about this sale: https://lnkd.in/gCaFWB5K Click here to see The Newell Team’s current listings: https://lnkd.in/ggQVMNmK

Pinnacle Real Estate Advisors is pleased to announce the sale of a 21,500 square foot 100% leased multi-tenant historic office building for $5.6M located at 1123 Auraria Pkwy in Denver, Colorado. Darrin Revious represented the seller, 1123 Auraria, LLC in the transaction. It is adjacent to, and will now be included with, the proposed mixed-use River Mile project that will ultimately include approximately 14M SF of improved space including office, retail, residential, hotel, and community space along with parks along the South Platte River. Read more about this sale: https://lnkd.in/euBEhFYj Click here to see Darrin's current listings: https://lnkd.in/e73G8zGE

Pinnacle Real Estate Advisors is thrilled to announce the successful sale of Hawk Point Apartments, a 30-unit multifamily property located at 3600 S Lowell Boulevard in Denver, CO. The transaction closed on November 26th at a final sale price of $4,975,000, equating to $165,833 per unit. Constructed in 1974, Hawk Point Apartments offers an affordable mix of (20) 1-bedroom/1-bathroom units and (10) 2-bedroom/1-bathroom units. Around half of the units had been renovated by the seller, which proved a further renovation play for the buyer with updated finishes that aligned better with current tenant expectations in Denver’s competitive rental market. The property featured significant capital improvements already made by the seller, including newer windows and a modernized boiler system, making it an attractive investment opportunity. Read more about this sale here: https://lnkd.in/gw2v5EEC Click here to see The Knowlton Lawson Team's current listings: https://lnkd.in/g9DpY8Dr