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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