Office Regional Sales 12 Month Rolling Report, Denver CBD
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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%
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Overview
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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
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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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1001 17th Street
1001 17th St, Denver, CO |
Sale Date 08/13 Cap Rate N/A Sale Price $217,000,000 Price PSF $331 Building Size 655,565 YOC 1977/2007 Occupancy 89%
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Overview
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Seller/ Buyer Miller Global Properties/Franklin Street Properties
Submarket Denver CBD, CBD
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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%
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Overview
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Seller/ Buyer Pearlmark Real Estate Partners & Broadreach Capital Partners/Goldman Sachs
Submarket Denver CBD, 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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1400 Wewatta
1400 Wewatta St. & 1401 Wynkoop St., Denver, CO |
Sale Date 12/07 Cap Rate 6.7 Sale Price $112,480,000 Price PSF $380 Building Size 296,000 YOC 2008 Occupancy 38%
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Seller/ Buyer Opus Northwest/Crestone Partners & GE Asset Management
Submarket Denver CBD, CBD
*Pricing reflects estimated stabilized cost basis
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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%
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Overview
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Seller/ Buyer First Gulf Corporation/Heitman Capital Management
Submarket Denver CBD
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1515 Wynkoop
1515 Wynkoop St, Denver, CO |
Sale Date 03/15 Cap Rate N/A Sale Price $171,940,000 Price PSF $560 Building Size 306,791 YOC 2009 Occupancy 95%
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Seller/ Buyer American Realty Advisors/Invesco Realty Advisors
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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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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1601 Wewatta
1601 Wewatta Street, Denver, CO |
Sale Date 12/18 Sale Price $-1 Price PSF $-0 Building Size 299,127 YOC 2015 Occupancy 97%
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Overview
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AnchorsHogan Lovells, Deloitte
Seller/ Buyer JP Morgan, Hines, Jordon Perlmutter/Morgan Stanley
Submarket Denver CBD
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1660 Lincoln
1660 Lincoln St, Denver, CO |
Sale Date 05/13 Cap Rate 6.6 Sale Price $38,000,000 Price PSF $134 Building Size 283,554 YOC 1972 Occupancy 73%
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Seller/ Buyer AEGON/Unico Properties
Submarket Denver CBD, CBD
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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%
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Overview
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Seller/ Buyer Legacy Partners Commercial/AEW Capital Management
Submarket Denver CBD, CBD
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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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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%
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Overview
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AnchorsTIAA
Seller/ Buyer UBS/Hana Financial Investments
Submarket Denver CBD
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1700 Broadway
1700 Broadway, Denver, CO |
Sale Date 05/13 Cap Rate 6.75 Sale Price $98,000,000 Price PSF $249 Building Size 394,151 YOC 1973 Occupancy 96%
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Seller/ Buyer The Broe Group/MDC Realty Advisors & ARTIS REIT
Submarket Denver CBD, CBD
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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%
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Seller/ Buyer Haselden Construction & First Century Development/Crow Holdings
Submarket Denver CBD, CBD
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17th & Grant
303 E. 17th Street, Denver, CO |
Sale Date 07/07 Cap Rate 6.3 Sale Price $44,800,000 Price PSF $169 Building Size 265,520 YOC 1982 Occupancy 95%
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Overview
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Seller/ Buyer Starr Realty/Broadreach Capital Partners
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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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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