Office Team Sales 12 Month Rolling Report, Denver CBD

OFFICE TEAM SALES

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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

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%

Overview

Seller/ Buyer St. Charles Town Co./Elevation Group

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

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%

Overview

Seller/ Buyer ACF Property Management/MAV Development

Submarket Denver CBD, CBD

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

Lawrence Court

1475 Lawrence Street, Denver, CO

Sale Date 03/08
Cap Rate N/A
Sale Price $23,800,000
Price PSF $242
Building Size 98,407
YOC 1982
Occupancy 8%

Overview

Seller/ Buyer Legacy Partners/University of Colorado Foundation

Submarket Denver CBD, CBD

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

Union Tower West

1801 Wewatta Street, Denver, CO

Sale Date 10/18
Sale Price $69,000,000
Price PSF $685
Building Size 100,778
YOC 2017
Occupancy 97%

Overview

Seller/ Buyer Portman Holdings/Invesco

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

91 Glendale

8990 West Glendale Avenue, Glendale, AZ

Sale Date 01/18
Sale Price $19,067,000
Price PSF $179
Building Size 106,418
YOC 2007
Occupancy 100%

Overview

Seller/ Buyer Artis REIT/Sentinel Real Estate

Submarket Denver CBD, CBD Periphery

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%

Overview

Seller/ Buyer AmCap/Grant Management

Submarket Denver CBD, CBD

Larimer Corporate Plaza

1675 Larimer St, Denver, CO

Sale Date 04/07
Cap Rate 6.7
Sale Price $16,700,000
Price PSF $152
Building Size 110,211
YOC 1980
Occupancy 96%

Overview

Seller/ Buyer ACF Property Management/Centennial Realty Advisors

Submarket Denver CBD, CBD

One Union Station

1615 Wynkoop St, Denver, CO

Sale Date 06/14
Cap Rate N/A
Sale Price $67,140,874
Price PSF $602
Building Size 111,464
YOC 2014
Occupancy 100%

Overview

Seller/ Buyer Starwood Capital & East West Partners/GLL Real Estate Partners

Submarket Denver CBD, CBD

*Office space is 100% leased to Antero Resources

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%

Overview

Seller/ Buyer Triumph Real Estate/Grant Management

Submarket Denver CBD, CBD

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%

Overview

Seller/ Buyer Millennium Financial Center Holdings, LP/Dividend Capital

Submarket Denver CBD, 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

Parkway Office Centre

1391 N Speer Blvd., Denver, CO

Sale Date 11/16
Cap Rate N/A
Sale Price $25,457,090
Price PSF $189
Building Size 134,643
YOC 1982
Occupancy 85%

Overview

Seller/ Buyer DPC Companies/Hayman Advisors

Submarket Denver CBD, CBD Periphery

Capitol Center

225 E 16th Avenue, Denver, CO

Sale Date 10/18
Cap Rate 80202
Sale Price $28,900,000
Price PSF $174
Building Size 165,765
YOC 1963/2017
Occupancy 55%

Overview

Seller/ Buyer Empire Square & SteelWave/Harbor Associates

Submarket Denver CBD, CBD Periphery

Hudson's Bay Centre

1600 Stout St, Denver, CO

Sale Date 04/14
Cap Rate N/A
Sale Price $41,500,000
Price PSF $240
Building Size 172,912
YOC 1982
Occupancy 96%

Overview

Seller/ Buyer Hamilton Titan Partners/ARTIS REIT & MDC Property Services

Submarket Denver CBD, CBD

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%

Overview

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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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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