Pinnacle Real Estate Advisors Arranges $6.2M Sale of Royal Plaza Multifamily Asset in Colorado
PUEBLO, COLO. — Pinnacle Real Estate Advisors has facilitated the sale of Royal Plaza, an apartment complex located at 85 Scotland Road in Pueblo. An undisclosed buyer acquired the property for $6.2 million.
The complex features 100 units in a mix of studio, one- and two-bedroom layouts. The undisclosed seller owned the property for four years and maintained 100 percent occupancy during its ownership. The buyer plans to replace the property’s roofs and continue renovating the units.
Mike Krebsbach of Pinnacle Real Estate Advisors represented the buyer and seller in the transaction.