Office Regional Sales 12 Month Rolling Report, Denver CBD

OFFICE REGIONAL SALES

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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%

Overview

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

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%

Overview

Seller/ Buyer Qwest/Miller Global Properties

Submarket Denver CBD, CBD

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%

Overview

Seller/ Buyer Miller Global Properties/Franklin Street Properties

Submarket Denver CBD, CBD

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%

Overview

Seller/ Buyer Broadway Real Estate Partners/Broadreach Capital Partners & Transwestern

Submarket Denver CBD, CBD

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%

Overview

Seller/ Buyer Pearlmark Real Estate Partners & Broadreach Capital Partners/Goldman Sachs

Submarket Denver CBD, CBD

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%

Overview

Seller/ Buyer Opus Northwest/Crestone Partners & GE Asset Management

Submarket Denver CBD, CBD

*Pricing reflects estimated stabilized cost basis

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%

Overview

Seller/ Buyer First Gulf Corporation/Heitman Capital Management

Submarket Denver CBD

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%

Overview

Seller/ Buyer American Realty Advisors/Invesco Realty Advisors

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

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%

Overview

Seller/ Buyer Continuum Partners/KBS Realty Advisors

Submarket Denver CBD, CBD

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%

Overview

Seller/ Buyer AEGON/Unico Properties

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

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%

Overview

Seller/ Buyer Mindlin Companies/Legacy Partners Commercial

Submarket Denver CBD, CBD

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%

Overview

AnchorsTIAA
Seller/ Buyer UBS/Hana Financial Investments

Submarket Denver CBD

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%

Overview

Seller/ Buyer The Broe Group/MDC Realty Advisors & ARTIS REIT

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

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%

Overview

Seller/ Buyer Starr Realty/Broadreach Capital Partners

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

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%

Overview

Seller/ Buyer Westfield Company/INVESCO Realty Advisors

Submarket Denver CBD, CBD

*Xcel Energy occupies 340K SF (69%) through June 2025

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
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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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