Office Regional Sales 12 Month Rolling Report, Denver CBD
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1125 17th Street
1125 17th St, Denver, CO |
Sale Date 12/06
Cap Rate 4.8
Sale Price $120,000,000
Price PSF $245
Building Size 489,393
YOC 1980
Occupancy 97%
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Overview
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Seller/ Buyer Broadway Real Estate Partners/Broadreach Capital Partners & Transwestern
Submarket Denver CBD, CBD
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EPA Building
1595 Wynkoop St, Denver, CO |
Sale Date 12/06
Cap Rate 7.0
Sale Price $91,325,000
Price PSF $327
Building Size 279,022
YOC 2006
Occupancy 100%
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Overview
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Seller/ Buyer Opus Northwest/Government Properties Trust
Submarket Denver CBD, CBD
*Build-to-suit for the Environmental Protection Agency
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1660 Wynkoop
1660 Wynkoop St, Denver, CO |
Sale Date 12/06
Cap Rate 7.2
Sale Price $13,900,000
Price PSF $224
Building Size 62,187
YOC 1983
Occupancy 100%
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Seller/ Buyer Mindlin Companies/Legacy Partners Commercial
Submarket Denver CBD, CBD
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1001 17th Street
1001 17th St, Denver, CO |
Sale Date 12/06
Cap Rate N/A
Sale Price $108,000,000
Price PSF $165
Building Size 656,334
YOC 1977
Occupancy 0%
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Overview
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Seller/ Buyer Qwest/Miller Global Properties
Submarket Denver CBD, CBD
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Market Center
1322-1380 17th St, Denver, CO |
Sale Date 10/06
Cap Rate 6.5
Sale Price $17,500,000
Price PSF $146
Building Size 119,454
YOC 1980
Occupancy 85%
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Overview
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Seller/ Buyer Triumph Real Estate/Grant Management
Submarket Denver CBD, CBD
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Denver Newspaper Agengy Building
101 W Colfax Ave, Denver, CO |
Sale Date 10/06
Cap Rate N/A
Sale Price $93,415,000
Price PSF $292
Building Size 320,000
YOC 2006
Occupancy 100%
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Seller/ Buyer Wachovia Development Co./American Properties
Submarket Denver CBD, CBD
*Build-to-suit for the Denver Newspaper Agency
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Trinity Place
1801 Broadway, Denver, CO |
Sale Date 10/06
Cap Rate 4.7
Sale Price $29,386,825
Price PSF $155
Building Size 189,163
YOC 1981
Occupancy 93%
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Seller/ Buyer Equity Office Properties/Broe Companies
Submarket Denver CBD, CBD
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789 Sherman
789 Sherman Street, Denver, CO |
Sale Date 10/06
Cap Rate 7.8
Sale Price $9,925,000
Price PSF $103
Building Size 96,160
YOC 1973
Occupancy 88%
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Overview
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Seller/ Buyer Fleisher-Smyth Company/OH Enterprises
Submarket Denver CBD, CBD
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Denver Club Building
518 17th St, Denver, CO |
Sale Date 09/06
Cap Rate N/A
Sale Price $10,750,000
Price PSF $47
Building Size 230,734
YOC 1954
Occupancy 51%
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Seller/ Buyer Denver Club Office Condominiums LLC/Corum Real Estate
Submarket Denver CBD, CBD
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Matrix Financial Center
700 17th St, Denver, CO |
Sale Date 09/06
Cap Rate 7.0
Sale Price $27,250,000
Price PSF $149
Building Size 182,623
YOC 1961
Occupancy 100%
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Overview
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Seller/ Buyer Matrix Tower Holdings/Toma West (Grant Management)
Submarket Denver CBD, CBD
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Hudson's Bay Centre
1600 Stout St, Denver, CO |
Sale Date 08/06
Cap Rate 5.7
Sale Price $25,000,000
Price PSF $144
Building Size 173,155
YOC 1982
Occupancy 86%
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Overview
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Seller/ Buyer Shea Properties/Titan Investments
Submarket Denver CBD, CBD
*Part of a 3 bldg. portfolio sale for $102.5M ($140 PSF) at a 5.5% cap
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555 17th Street
555 17th Street, Denver, CO |
Sale Date 06/06
Cap Rate 5.1
Sale Price $128,500,000
Price PSF $178
Building Size 720,236
YOC 1978
Occupancy 70%
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Seller/ Buyer Anschutz Family Trust/UBS Realty Advisors
Submarket Denver CBD, CBD
*The attached Hyatt Grand Hotel sold for $89.85 million ($175,830/room) as part of this transaction
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Blake Street Terrace
1860 Blake St, Denver, CO |
Sale Date 06/06
Cap Rate 6.6
Sale Price $15,400,000
Price PSF $167
Building Size 92,016
YOC 1890/1983
Occupancy 94%
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Overview
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Seller/ Buyer ACF Property Management/MAV Development
Submarket Denver CBD, CBD
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18th Street Atrium
1621 18th St, Denver, CO |
Sale Date 04/06
Cap Rate 6.5
Sale Price $25,000,000
Price PSF $229
Building Size 109,178
YOC 1919/1983
Occupancy 100%
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Overview
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Seller/ Buyer AmCap/Grant Management
Submarket Denver CBD, CBD
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World Trade Center I & II
1625 & 1675 Broadway, Denver, CO |
Sale Date 01/06
Cap Rate 7.7
Sale Price $116,000,000
Price PSF $151
Building Size 767,238
YOC 1979-1980
Occupancy 89%
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Overview
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Seller/ Buyer Brookfield Properties/Broadreach Capital Partners & Transwestern
Submarket Denver CBD, CBD
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Colorado State Bank Building
1600 Broadway, Denver, CO |
Sale Date 11/05
Cap Rate 5.35
Sale Price $45,000,000
Price PSF $109
Building Size 411,976
YOC 1971
Occupancy 70%
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Overview
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Seller/ Buyer Brookfield Office Properies/LBA Realty
Submarket Denver CBD, CBD
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Wells Fargo Center
1700 Lincoln St, Denver, CO |
Sale Date 10/05
Cap Rate 6.9
Sale Price $355,000,000
Price PSF $293
Building Size 1,213,381
YOC 1983
Occupancy 87%
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Seller/ Buyer Maguire Properties/Macquarie
Submarket Denver CBD, CBD
*Maguire master leased tge building to 95% occupancy for 1 year
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16 Market Square
1400 16th St, Denver, CO |
Sale Date 07/05
Cap Rate n/a
Sale Price $60,000,000
Price PSF $297
Building Size 202,272
YOC 2001
Occupancy 100%
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Overview
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Seller/ Buyer Continuum Partners/KBS Realty Advisors
Submarket Denver CBD, CBD
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Alamo Plaza
1401 17th St, Denver, CO |
Sale Date 02/05
Cap Rate 7.5
Sale Price $41,850,000
Price PSF $219
Building Size 191,151
YOC 1982
Occupancy 88%
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Overview
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Seller/ Buyer Miller Global Properties/Behringer Harvard
Submarket Denver CBD, CBD
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Parkway Office Centre
1391 N. Speer Boulevard, Denver, CO |
Sale Price $-1
Price PSF $-0
Building Size 134,643
YOC 1983
Occupancy 93%
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Overview
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Seller/ Buyer /
Submarket Denver CBD
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