Office Regional Sales 12 Month Rolling Report, Denver CBD

OFFICE REGIONAL SALES

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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%

Overview

Seller/ Buyer /

Submarket Denver CBD

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%

Overview

Seller/ Buyer Miller Global Properties/Behringer Harvard

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

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%

Overview

Seller/ Buyer Maguire Properties/Macquarie

Submarket Denver CBD, CBD

*Maguire master leased tge building to 95% occupancy for 1 year

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%

Overview

Seller/ Buyer Brookfield Office Properies/LBA Realty

Submarket Denver CBD, CBD

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%

Overview

Seller/ Buyer Brookfield Properties/Broadreach Capital Partners & Transwestern

Submarket Denver CBD, CBD

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

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

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%

Overview

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

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

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

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%

Overview

Seller/ Buyer Matrix Tower Holdings/Toma West (Grant Management)

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

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%

Overview

Seller/ Buyer Equity Office Properties/Broe Companies

Submarket Denver CBD, CBD

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%

Overview

Seller/ Buyer Wachovia Development Co./American Properties

Submarket Denver CBD, CBD

*Build-to-suit for the Denver Newspaper Agency

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

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

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

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%

Overview

Seller/ Buyer Opus Northwest/Government Properties Trust

Submarket Denver CBD, CBD

*Build-to-suit for the Environmental Protection Agency

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
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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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