Office Regional Sales 12 Month Rolling Report, Denver CBD

OFFICE REGIONAL SALES

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1670 Broadway

1670 Broadway, Denver, CO

Sale Date 08/18
Sale Price $238,000,000
Price PSF $338
Building Size 704,226
YOC 1980
Occupancy 90%

Overview

AnchorsTIAA
Seller/ Buyer UBS/Hana Financial Investments

Submarket Denver CBD

1801 California

1801 California Street, Denver, CO

Sale Date 03/18
Sale Price $-1
Price PSF $-0
Building Size 1,372,071
YOC 1982/2015
Occupancy 95%

Overview

Seller/ Buyer Brookfield /PNC Realty

Submarket Denver CBD

91 Glendale

8990 West Glendale Avenue, Glendale, AZ

Sale Date 01/18
Sale Price $19,067,000
Price PSF $179
Building Size 106,418
YOC 2007
Occupancy 100%

Overview

Seller/ Buyer Artis REIT/Sentinel Real Estate

Submarket Denver CBD, CBD Periphery

1401 Lawrence

1401 Lawrence Street, Denver, CO

Sale Date 12/17
Sale Price $-1
Price PSF $-0
Building Size 309,988
YOC 2016
Occupancy 99%

Overview

Seller/ Buyer First Gulf Corporation/Heitman Capital Management

Submarket Denver CBD

Triangle Building

1550 Wewatta Street, Denver, CO

Sale Date 05/17
Sale Price $154,000,000
Price PSF $677
Building Size 227,631
YOC 2015
Occupancy 98%

Overview

Seller/ Buyer Starwood Capital & East West Partners/Union Investment Real Estate

Submarket Denver CBD

Galvanize Denver

1062 Delaware St, Denver, CO

Sale Date 04/17
Cap Rate 6.9
Sale Price $10,536,000
Price PSF $351
Building Size 30,000
YOC 1929
Occupancy 100%

Overview

Seller/ Buyer The Nichols Partnership/Doug Brown

Submarket Denver CBD, CBD Periphery

*100% leased to Galvanize until 7/2023

100 E Speer

100 E Speer Blvd, Denver, CO

Sale Date 01/17
Cap Rate N/A
Sale Price $23,250,000
Price PSF $233
Building Size 99,800
YOC 2000
Occupancy 100%

Overview

Seller/ Buyer Tribune Broadcasting/Urban Renaissance Group

Submarket Denver CBD, CBD Periphery

100% leased to Tribune Broadcasting until 12/2026; part of a national portfolio sale-leaseback

1125 17th Street

1125 17th St, Denver, CO

Sale Date 01/17
Cap Rate N/A
Sale Price $169,700,000
Price PSF $344
Building Size 492,799
YOC 1980
Occupancy 85%

Overview

Seller/ Buyer Pearlmark Real Estate Partners & Broadreach Capital Partners/Goldman Sachs

Submarket Denver CBD, CBD

700 Broadway

700 Broadway, Denver, CO

Sale Date 12/16
Sale Price $80,650,000
Price PSF $189
Building Size 425,853
YOC 1973 (renovated 2015-2016)
Occupancy 98%

Overview

Seller/ Buyer CBREGI (CalSTRS)/Bradford Allen

Submarket Denver CBD

Writer Square

1512 Larimer Street, Denver, CO

Sale Date 12/16
Sale Price $96,000,000
Price PSF $529
Building Size 181,431
YOC 1980
Occupancy 93%

Overview

Seller/ Buyer Unico Properties & LaSalle Investment Management/TKG Management/Rubenstein Real Estate

Submarket Denver CBD

Dominion Towers

600 17th St, Denver, CO

Sale Date 12/16
Cap Rate 7.65
Sale Price $154,300,000
Price PSF $251
Building Size 613,528
YOC 1982
Occupancy 92%

Overview

Seller/ Buyer Beacon Capital Partners/Franklin Street Properties

Submarket Denver CBD, CBD

Parkway Office Centre

1391 N Speer Blvd., Denver, CO

Sale Date 11/16
Cap Rate N/A
Sale Price $25,457,090
Price PSF $189
Building Size 134,643
YOC 1982
Occupancy 85%

Overview

Seller/ Buyer DPC Companies/Hayman Advisors

Submarket Denver CBD, CBD Periphery

2301 Blake Street

2301 Blake St, Denver, CO

Sale Date 07/16
Cap Rate 5.9
Sale Price $21,200,000
Price PSF $403
Building Size 52,598
YOC 1952

Overview

Seller/ Buyer Oakwood Real Estate Partners/Urban Renaissance Group

Submarket Denver CBD, CBD

700 17th Street

700 17th St, Denver, CO

Sale Date 06/16
Cap Rate N/A
Sale Price $32,000,000
Price PSF $175
Building Size 182,505
YOC 1961
Occupancy 86%

Overview

Seller/ Buyer Blackstone & Toma West/Toma West

Submarket Denver CBD, CBD

*Toma West bought out Blackstone's position

Steelbridge Annex

1750 15th St, Denver, CO

Sale Date 06/16
Cap Rate N/A
Sale Price $10,350,000
Price PSF $641
Building Size 16,154
YOC 2002
Occupancy 100%

Overview

Seller/ Buyer Brentwood Capital Partners/Nichols Partnership

Submarket Denver CBD, CBD

*Sale included a 23-space surface parking lot at 1480 Wewatta

Denver Tower

1905 Sherman St, Denver, CO

Sale Date 03/16
Cap Rate 6.25
Sale Price $8,600,000
Price PSF $156
Building Size 55,209
YOC 1963
Occupancy 100%

Overview

Seller/ Buyer CentrePoint Properties/Hayman Properties

Submarket Denver CBD, CBD

1875 Lawrence

1875 Lawrence St, Denver, CO

Sale Date 03/16
Cap Rate 4.75
Sale Price $63,750,000
Price PSF $329
Building Size 194,013
YOC 1982
Occupancy 77%

Overview

Seller/ Buyer DPC Development & ROC/Unico Properties

Submarket Denver CBD, CBD

Elephant Corral

1444 Wazee St, Denver, CO

Sale Date 02/16
Cap Rate 5.10
Sale Price $20,549,500
Price PSF $311
Building Size 66,116
YOC 1880
Occupancy 94%

Overview

Seller/ Buyer Stoltz Real Estate Partners/Unico Properties

Submarket Denver CBD, CBD

*sale included 84 surface parking spaces

Sherman Plaza

1888 Sherman St, Denver, CO

Sale Date 01/16
Cap Rate 7.00
Sale Price $11,350,000
Price PSF $178
Building Size 63,803
YOC 1982
Occupancy 91%

Overview

Seller/ Buyer CC&B Investment Group/Sidford Capital

Submarket Denver CBD, CBD

475 17th Street

475 17th St, Denver, CO

Sale Date 12/15
Cap Rate 6.1
Sale Price $26,000,000
Price PSF $172
Building Size 151,425
YOC 1975
Occupancy 93%

Overview

Seller/ Buyer Western Development Group/Phoenix Property Co./LIC

Submarket Denver CBD, CBD
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CBRE, Inc.
1225 17th Street, Suite 3200
Denver, CO 80202
 
Timothy P. Richey
Vice Chairman
tim.richey@cbre.com
303.628.7445
 
Michael T. Winn
Vice Chairman
mike.winn@cbre.com
303.628.7447
 
Chad L. Flynn
Vice President
chad.flynn@cbre.com
303.628.7467
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