STAPLETON FLATS SOLD FOR $3,800,000

Aurora, CO – May 31, 2018- Josh Newell, Principal and Barton Thompson, Associate Advisor with the Newell Team at Pinnacle Real Estate Advisors, LLC, announce the sale of Stapleton Flats located at 1995 Del Mar Parkway in Aurora, Colorado. The 27-unit building sold on May 31st with a contract price of $3,800,000; $140,741 per unit and $168.80 per square foot.   Josh Newell commented that “the Seller was able to capitalize on strong operations and achieve a record breaking price for a C Class apartment property in North Aurora. The asset is just a few blocks from the Stanley Marketplace, which should have a positive future impact on both rental rates and value.” Newell further added that “the Buyer is excited to have successfully achieved their 1031 exchange goals with this property.” The property was constructed in 1961. Newell and Thompson represented the Buyer and Seller in the transaction.   For more information on this apartment building sale in Aurora or other Colorado commercial real estate transactions please contact Josh Newell at 303.962.9559. Pinnacle Real Estate Advisors Pinnacle Real Estate Advisors is a full-service commercial real estate brokerage firm servicing clients globally who own commercial properties in the metro Denver area and throughout Colorado. Our expertise encompasses all commercial real estate property types. We have experienced advisors specializing in apartment building sales and acquisition; retail property sales, leasing and acquisition; office property sales, leasing, tenant representation, and acquisition; and industrial property sales, leasing and acquisition. The Pinnacle Experience™ is a unique approach that is focused on each client’s needs, delivering superior real estate guidance, proven market perspective and unmatched results. Pinnacle Real Estate Advisors combines market expertise with a Full Spectrum Marketing™ campaign that delivers innovative real estate solutions that are client-centric and relationship focused. In 2017, Pinnacle Real Estate Advisors closed 346 transactions for a total of $604.3 million. To view a current list of our buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.



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