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200 University BLVD # 210, ...

Koch Real Estate Investments Secures Loan On 210 University In Denver
FINANCEDMixed-use

Koch Real Estate Investments Secures Loan On 210 University In Denver

200 University BLVD # 210, Denver, C...

Building Size

Asset Type

Mixed-use

Closing

Nov 22, 2023

AI

210 University is a mixed-use office and retail property located at 200 University Blvd in Denver. The property, totaling 140,832 square feet, was acquired by a joint venture led by Corum Real Estate Group and Koch Real Estate Investments. Current tenants include Baird, US Bank, Cherry Creek Imaging, Western Veterinary Partners, Little Ollie’s, and Paradise Cleaners. Additionally, the asset features one of the largest parking garages in Cherry Creek North, with 89.4% occupancy at the time of sale.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: Not disclosed
  • Address: 200 University Blvd #210, Denver, CO
  • Market: Denver

William Haass from JLL represented Koch Real Estate Investments as the borrower’s representative in the acquisition. The undisclosed seller was represented by Peter Merrion, Mark Katz, and Hilary Barnett of JLL Capital Markets’ investment sales and advisory team. Furthermore, Kristian Lichtenfels, William Haass, and Leon McBroom of JLL Capital Markets’ debt advisory team facilitated a five-year, interest-only, fixed-rate loan with a national balance-sheet lender for the buyer.

Players

William Haass

JLL

Broker

$193M

vol

9 deals

Broker
UL
Unknown Balance Sheet LenderLender
CG
Corum Real Estate GroupLandlord

Denver Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93