Office Regional Sales 12 Month Rolling Report, Denver CBD
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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%
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Seller/ Buyer Starwood Capital & The Broe Group/Lowe Enterprises
Submarket Denver CBD, CBD
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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%
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Seller/ Buyer Hines/American Realty Advisors
Submarket Denver CBD, CBD
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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%
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Seller/ Buyer Capmark Bank/Unico Properties
Submarket Denver CBD, CBD
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The Capitol Center
225 E 16th Ave, Denver, CO |
Sale Date 04/11 Cap Rate 8.9 Sale Price $24,200,000 Price PSF $157 Building Size 154,148 YOC 1963 Occupancy 100%
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Seller/ Buyer The Capitol Center LLC/Sumerian Capital
Submarket Denver CBD, CBD
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550 15 Street
550 15th St, Denver, CO |
Sale Date 03/11 Cap Rate n/a Sale Price $9,400,000 Price PSF $40 Building Size 236,977 YOC 1961 Occupancy 0%
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Seller/ Buyer Xcel Energy (Public Service Co. of Colorado)/Stonebridge Companies
Submarket Denver CBD, CBD
*Building was vacated by Xcel Energy in 2010
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1800 Larimer
1800 Larimer St, Denver, CO |
Sale Date 02/11 Cap Rate 5.8% in place/6.6% stab. Sale Price $213,230,000 Price PSF $430 Building Size 495,518 YOC 2010 Occupancy 88%
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Seller/ Buyer Westfield Company/INVESCO Realty Advisors
Submarket Denver CBD, CBD
*Xcel Energy occupies 340K SF (69%) through June 2025
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2300-2340 Blake Street
2300-2340 Blake St, Denver, CO |
Sale Date 12/10 Cap Rate n/a Sale Price $8,500,000 Price PSF $194 Building Size 43,750 YOC 1910 Occupancy 0%
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Seller/ Buyer McClain Finlon Advertising Inc./Church of Scientology
Submarket Denver CBD, CBD Periphery
*Owner/user sale
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Granite Tower
1099 18th Street, Denver, CO |
Sale Date 12/10 Cap Rate 6.5 Sale Price $149,000,000 Price PSF $265 Building Size 561,691 YOC 1983 Occupancy 95%
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Overview
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Seller/ Buyer Granite Properties/KBS Realty Advisors
Submarket Denver CBD, CBD
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The Urology Center of Colorado
2777 Mile High Stadium Cir, Denver, CO |
Sale Date 09/10 Cap Rate 8.0 Sale Price $23,250,000 Price PSF $422 Building Size 55,100 YOC 2006 Occupancy 100%
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Seller/ Buyer Development Solutions Group/Charter Realty Group
Submarket Denver CBD, CBD Periphery
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Symes Bulding
820 16th Street, Denver, CO |
Sale Date 07/10 Cap Rate 6.2 Sale Price $5,700,000 Price PSF $60 Building Size 94,643 YOC 1906 Occupancy 77%
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Seller/ Buyer Capmark Bank/820 16th Street LLC
Submarket Denver CBD, CBD
*Significant deferred maintenance ($1m-$1.5m)
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1860 Lincoln
1860 Lincoln St, Denver, CO |
Sale Date 03/10 Cap Rate n/a Sale Price $16,416,000 Price PSF $48 Building Size 338,892 YOC 1964 Occupancy 13%
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Seller/ Buyer CWCapital Asset Management/East Pioneer LLC & ARCUS
Submarket Denver CBD, CBD
*This was a foreclosure sale
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US Bank Building
918 17th St, Denver, CO |
Sale Date 12/09 Cap Rate N/A Sale Price $4,500,000 Price PSF $43 Building Size 103,840 YOC 1915-1926 Occupancy 0%
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Overview
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Seller/ Buyer Capmark Finance/Stonebridge Companies
Submarket Denver CBD, CBD
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Seventeenth Street Plaza
1225 17th St, Denver, CO |
Sale Date 06/09 Cap Rate n/a Sale Price $134,250,000 Price PSF $201 Building Size 666,653 YOC 1982 Occupancy 93%
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Seller/ Buyer JP Morgan/HRPT Properties Trust
Submarket Denver CBD, CBD
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1875 Lawrence
1875 Lawrence St, Denver, CO |
Sale Date 10/08 Cap Rate N/A Sale Price $34,450,000 Price PSF $185 Building Size 185,737 YOC 1982 Occupancy 99%
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Overview
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Seller/ Buyer Principal Global Investors/Behringer Harvard
Submarket Denver CBD, CBD
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World Trade Center I & II
1625 & 1675 Broadway, Denver, CO |
Sale Date 10/08 Cap Rate n/a Sale Price $157,800,700 Price PSF $205 Building Size 769,798 YOC 1979-1980 Occupancy 92%
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Overview
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Seller/ Buyer Broadreach Capital Partners & Transwestern/LaSalle Investment Management
Submarket Denver CBD, CBD
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Millennium Financial Center
1550 17th Street, Denver, CO |
Sale Date 10/08 Cap Rate 6.9 Sale Price $47,600,000 Price PSF $357 Building Size 133,500 YOC 2000 Occupancy 98%
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Overview
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Seller/ Buyer Millennium Financial Center Holdings, LP/Dividend Capital
Submarket Denver CBD, CBD
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Hardware Block
1515 Wazee St, Denver, CO |
Sale Date 09/08 Cap Rate 6.7 Sale Price $15,020,000 Price PSF $294 Building Size 51,125 YOC 1895 Occupancy 100%
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Overview
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Seller/ Buyer St. Charles Town Co./Elevation Group
Submarket Denver CBD, CBD
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Parkway Center
1391 N. Speer Blvd., Denver, CO |
Sale Date 08/08 Cap Rate N/A Sale Price $12,420,000 Price PSF $94 Building Size 132,131 YOC 1982 Occupancy 78%
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Seller/ Buyer Archon Group/DPC Development Co.
Submarket Denver CBD, CBD Periphery
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Writer Square
1512 Larimer Street, Denver, CO |
Sale Date 08/08 Cap Rate 6.0 Sale Price $58,400,000 Price PSF $326 Building Size 179,271 YOC 1981 Occupancy 96%
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Overview
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Seller/ Buyer TA Associates/GDA Real Estate Services
Submarket Denver CBD, CBD
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Sherman Center
789 Sherman St, Denver, CO |
Sale Date 03/08 Cap Rate 6.0 Sale Price $11,875,000 Price PSF $123 Building Size 96,160 YOC 1973 Occupancy 83%
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Seller/ Buyer Sherman Center, LLC/789 Sherman St, LLC
Submarket Denver CBD, CBD Periphery
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