Benderson Development & CGA Capital Acquire Kiewit Corp. Office Campus In Lone Tree, CO For $202.5M
10051 & 10055 Trainstation Circle Lone Tree, Colorado 80124, USA
$202,500,000
$506/SF
Building Size
400,000 SF
Asset Type
Office
Closing
Jul 10, 2023
About this deal
AI
A joint venture of Benderson Development and CGA Capital has acquired Kiewit Corp.’s nearly 400,000-square-foot Class A office campus in Lone Tree, Colo., for $205.2 million.
Summary of transation details
- Property Type: Office
- Transaction Amount: $205,200,000
- Address: 10051 & 10055 Trainstation Circle, Lone Tree, CO
- Market: Lone Tree, CO
- Square Footage: 400,000
- Price Per Square Foot: $506
The buyer, Benderson Development and CGA Capital, successfully completed the acquisition of Kiewit Corp.'s Class A office campus in Lone Tree, Colorado. The transaction, valued at $205.2 million, involved a property consisting of approximately 400,000 square feet. Located at 10051 & 10055 Trainstation Circle, the office campus offers modern amenities and is situated in the thriving market of Lone Tree, CO.
On the Map
$202,500,000
$506/SF
Office
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Lone Tree Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93