Office Regional Sales 12 Month Rolling Report, Denver CBD

OFFICE REGIONAL SALES

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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%

Overview

Seller/ Buyer First Gulf Corporation/Heitman Capital Management

Submarket Denver CBD

1801 California

1801 California Street, Denver, CO

Sale Date 03/18
Sale Price $-1
Price PSF $-0
Building Size 1,372,071
YOC 1982/2015
Occupancy 95%

Overview

Seller/ Buyer Brookfield /PNC Realty

Submarket Denver CBD

Parkway Office Centre

1391 N. Speer Boulevard, Denver, CO

Sale Price $-1
Price PSF $-0
Building Size 134,643
YOC 1983
Occupancy 93%

Overview

Seller/ Buyer /

Submarket Denver CBD

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%

Overview

Seller/ Buyer Capmark Finance/Stonebridge Companies

Submarket Denver CBD, CBD

Union Square

1610 Wynkoop St, Denver, CO

Sale Date 01/12
Cap Rate N/A
Sale Price $5,300,000
Price PSF $181
Building Size 29,202
YOC 1948
Occupancy 88%

Overview

Seller/ Buyer Phillips Capital/Grand American Inc

Submarket Denver CBD, CBD

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%

Overview

Seller/ Buyer Capmark Bank/820 16th Street LLC

Submarket Denver CBD, CBD

*Significant deferred maintenance ($1m-$1.5m)

Logan Tower

1580 Logan St, Denver, CO

Sale Date 05/12
Cap Rate 8.2
Sale Price $5,845,000
Price PSF $84
Building Size 69,784
YOC 1983
Occupancy 88%

Overview

Seller/ Buyer Jordon Perlmutter & Co. /DPC Development Company

Submarket Denver CBD, CBD Periphery

Masonic Building

535 16th St, Denver, CO

Sale Date 12/07
Cap Rate 7.0
Sale Price $7,700,000
Price PSF $87
Building Size 88,381
YOC 1889
Occupancy 100%

Overview

Seller/ Buyer 16th & Welton Investments Inc/Triumph Real Estate Corp.

Submarket Denver CBD, CBD

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%

Overview

Seller/ Buyer McClain Finlon Advertising Inc./Church of Scientology

Submarket Denver CBD, CBD Periphery

*Owner/user sale

Denver Tower

1905 Sherman St, Denver, CO

Sale Date 03/16
Cap Rate 6.25
Sale Price $8,600,000
Price PSF $156
Building Size 55,209
YOC 1963
Occupancy 100%

Overview

Seller/ Buyer CentrePoint Properties/Hayman Properties

Submarket Denver CBD, CBD

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%

Overview

Seller/ Buyer Xcel Energy (Public Service Co. of Colorado)/Stonebridge Companies

Submarket Denver CBD, CBD

*Building was vacated by Xcel Energy in 2010

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%

Overview

Seller/ Buyer Fleisher-Smyth Company/OH Enterprises

Submarket Denver CBD, CBD

789 Sherman

789 Sherman St., Denver, CO

Sale Date 06/15
Cap Rate N/A
Sale Price $9,950,000
Price PSF $104
Building Size 95,952
YOC 1973
Occupancy 100%

Overview

Seller/ Buyer Timothy Bernadette Marquez Foundation /Centre Point Properties

Submarket Denver CBD, CBD Periphery

Steelbridge Annex

1750 15th St, Denver, CO

Sale Date 06/16
Cap Rate N/A
Sale Price $10,350,000
Price PSF $641
Building Size 16,154
YOC 2002
Occupancy 100%

Overview

Seller/ Buyer Brentwood Capital Partners/Nichols Partnership

Submarket Denver CBD, CBD

*Sale included a 23-space surface parking lot at 1480 Wewatta

Logan Tower

1580 Logan St, Denver, CO

Sale Date 02/15
Cap Rate 8.0
Sale Price $10,500,000
Price PSF $150
Building Size 69,968
YOC 1983
Occupancy 95%

Overview

Seller/ Buyer DPC Development/Second City Capital

Submarket Denver CBD, CBD Periphery

Galvanize Denver

1062 Delaware St, Denver, CO

Sale Date 04/17
Cap Rate 6.9
Sale Price $10,536,000
Price PSF $351
Building Size 30,000
YOC 1929
Occupancy 100%

Overview

Seller/ Buyer The Nichols Partnership/Doug Brown

Submarket Denver CBD, CBD Periphery

*100% leased to Galvanize until 7/2023

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%

Overview

Seller/ Buyer Denver Club Office Condominiums LLC/Corum Real Estate

Submarket Denver CBD, CBD

Cable Building

1801 Lawrence St, Denver, CO

Sale Date 05/14
Cap Rate N/A
Sale Price $11,100,000
Price PSF $302
Building Size 36,803
YOC 1889
Occupancy 100%

Overview

Seller/ Buyer The Hampshire Companies/Stoltz Real Estate Partners

Submarket Denver CBD, CBD

Historic building

Sherman Plaza

1888 Sherman St, Denver, CO

Sale Date 01/16
Cap Rate 7.00
Sale Price $11,350,000
Price PSF $178
Building Size 63,803
YOC 1982
Occupancy 91%

Overview

Seller/ Buyer CC&B Investment Group/Sidford Capital

Submarket Denver CBD, CBD

Zang Building

1533 Platte St, Denver, CO

Sale Date 03/14
Cap Rate N/A
Sale Price $11,417,800
Price PSF $262
Building Size 43,592
YOC 1910
Occupancy 97%

Overview

Seller/ Buyer Plante Properties/Unico Properties

Submarket Denver CBD, CBD
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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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