Colorado Springs, CO June 30, 2022 SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, is pleased to announce the sale of 7654,7634, 7664 Pitch Pine View in Colorado Springs. The three 1,561 sf. ft. Multifamily Units were sold for $417,400 each.
Bill Reilly with SVN | Denver Commercial represented the Buyer, Templeton LLC. Mara Simmerman with New Home Specialist represented the Seller.
This deal was a 1031 exchange with brand new incredibly priced units, each unit with a potential for a 6% cap rate.