Office Regional Sales 12 Month Rolling Report, Denver CBD

OFFICE REGIONAL SALES

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Guaranty Bank Building

1331 17th St, Denver, CO

Sale Date 03/13
Cap Rate 6.0
Sale Price $70,000,000
Price PSF $318
Building Size 220,287
YOC 1983
Occupancy 85%

Overview

Seller/ Buyer CommonWealth Partners/Zeller Realty Group

Submarket Denver CBD, CBD

1860 Lincoln

1860 Lincoln, Denver, CO

Sale Date 01/13
Sale Price $35,195,000
Price PSF $104
Building Size 338,892
YOC 1964
Occupancy 100%

Overview

Seller/ Buyer Denver Public Schools/UMB Bank

Submarket Denver CBD

*Sale-leaseback; 100% leased to DPS

Hardware Block

1501-1527 Wazee St, Denver, CO

Sale Date 01/13
Cap Rate N/A
Sale Price $16,300,000
Price PSF $319
Building Size 51,125
YOC 1895
Occupancy 100%

Overview

Seller/ Buyer Elevation Group/Lincoln Property Company

Submarket Denver CBD, CBD

Market Center

1624-1660 Market St, Denver, CO

Sale Date 01/13
Cap Rate 5.5
Sale Price $22,900,000
Price PSF $190
Building Size 120,369
Occupancy 93%

Overview

Seller/ Buyer Toma West/Jonathan Rose Companies

Submarket Denver CBD, CBD

1860 Lincoln

1860 Lincoln St, Denver, CO

Sale Date 12/12
Cap Rate N/A
Sale Price $19,340,000
Price PSF $57
Building Size 338,892
YOC 1964
Occupancy 0%

Overview

Seller/ Buyer Arcus Private Capital Solutions /Denver Public Schools

Submarket Denver CBD, CBD

*Owner/user sale

Art Institute of Colorado

1200 Lincoln St, Denver, CO

Sale Date 11/12
Cap Rate N/A
Sale Price $14,095,000
Price PSF $148
Building Size 95,233
YOC 1962
Occupancy 100%

Overview

Seller/ Buyer Art Institute of Colorado/STORE Capital

Submarket Denver CBD, CBD Periphery

*Sale leaseback

Alamo Plaza Building

1401 17th Street, Denver, CO

Sale Date 10/12
Cap Rate 6.0
Sale Price $53,600,000
Price PSF $280
Building Size 191,151
YOC 1983
Occupancy 81%

Overview

Seller/ Buyer Behringer Harvard/Lowe Enterprises

Submarket Denver CBD, CBD

1660 Wynkoop

1660 Wynkoop St, Denver, CO

Sale Date 06/12
Cap Rate N/A
Sale Price $26,600,000
Price PSF $405
Building Size 65,716
YOC 1984
Occupancy 90%

Overview

Seller/ Buyer Legacy Partners Commercial/AEW Capital Management

Submarket Denver CBD, CBD

Logan Tower

1580 Logan St, Denver, CO

Sale Date 05/12
Cap Rate 8.2
Sale Price $5,845,000
Price PSF $84
Building Size 69,784
YOC 1983
Occupancy 88%

Overview

Seller/ Buyer Jordon Perlmutter & Co. /DPC Development Company

Submarket Denver CBD, CBD Periphery

Wells Fargo Center

1700 Lincoln St, Denver, CO

Sale Date 03/12
Cap Rate 6.0 (est.)
Sale Price $387,500,000
Price PSF $322
Building Size 1,204,089
YOC 1983
Occupancy 86%

Overview

Seller/ Buyer Charter Hall & MPG/Beacon Capital Partners

Submarket Denver CBD, CBD

410 17th Street

410 17th St, Denver, CO

Sale Date 03/12
Cap Rate N/A
Sale Price $81,500,000
Price PSF $194
Building Size 419,345
YOC 1978
Occupancy 95%

Overview

Seller/ Buyer Callahan Capital Partners & WI State Inv. Board & CPP/Beacon Capital Partners & Callahan

Submarket Denver CBD, CBD

*3 building portfolio sale (6.4% cap)

Civic Center Plaza

1560 Broadway, Denver, CO

Sale Date 03/12
Cap Rate N/A
Sale Price $80,000,000
Price PSF $137
Building Size 585,950
YOC 1983
Occupancy 81%

Overview

Seller/ Buyer Callahan Capital Partners & WI State Inv. Board & CPP /Beacon Capital Partners & Callahan

Submarket Denver CBD, CBD

*3 building portfolio sale (6.4% cap)

Dominion Towers

600 17th St, Denver, CO

Sale Date 03/12
Cap Rate N/A
Sale Price $106,500,000
Price PSF $181
Building Size 588,841
YOC 1982
Occupancy 85%

Overview

Seller/ Buyer Callahan Capital Partners & WI State Inv. Board & CPP /Beacon Capital Partners & Callahan

Submarket Denver CBD, CBD

*3 building portfolio sale (6.4% cap)

Union Square

1610 Wynkoop St, Denver, CO

Sale Date 01/12
Cap Rate N/A
Sale Price $5,300,000
Price PSF $181
Building Size 29,202
YOC 1948
Occupancy 88%

Overview

Seller/ Buyer Phillips Capital/Grand American Inc

Submarket Denver CBD, CBD

1755 Blake Street

1755 Blake St, Denver, CO

Sale Date 12/11
Cap Rate 5.25
Sale Price $40,608,100
Price PSF $360
Building Size 112,928
YOC 2008
Occupancy 80%

Overview

Seller/ Buyer Haselden Construction & First Century Development/Crow Holdings

Submarket Denver CBD, CBD

1801 California

1801 California St, Denver, CO

Sale Date 12/11
Cap Rate N/A
Sale Price $215,000,000
Price PSF $164
Building Size 1,314,119
YOC 1983
Occupancy 100%

Overview

Seller/ Buyer PSEG Energy Holdings/Brookfield Office Properties

Submarket Denver CBD, CBD

*100% leased to Qwest until 6/30/2012

1899 Wynkoop

1899 Wynkoop St, Denver, CO

Sale Date 11/11
Cap Rate 5.25
Sale Price $52,700,000
Price PSF $318
Building Size 165,727
YOC 2000
Occupancy 92%

Overview

Seller/ Buyer The Nichols Partnership/Cornerstone Real Estate Advisers

Submarket Denver CBD, CBD

Denver Club Building

518 17th St, Denver, CO

Sale Date 10/11
Cap Rate 7.5
Sale Price $20,200,000
Price PSF $87
Building Size 231,454
YOC 1954
Occupancy 76%

Overview

Seller/ Buyer Starwood Capital & The Broe Group/Lowe Enterprises

Submarket Denver CBD, CBD

1515 Wynkoop

1515 Wynkoop St, Denver, CO

Sale Date 06/11
Cap Rate 5.3
Sale Price $118,000,000
Price PSF $385
Building Size 306,791
YOC 2009
Occupancy 90%

Overview

Seller/ Buyer Hines/American Realty Advisors

Submarket Denver CBD, CBD

17th and Larimer

1675 Larimer St, Denver, CO

Sale Date 05/11
Cap Rate n/a
Sale Price $17,500,000
Price PSF $150
Building Size 116,332
YOC 1980 (renov. 2010)
Occupancy 65%

Overview

Seller/ Buyer Capmark Bank/Unico Properties

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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