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1300 West 120th Avenue

AXS Opportunity Fund Acquires 430000 Square Foot Office In Westminster From Peakstone Realty Trust For $32M
SOLDOffice

AXS Opportunity Fund Acquires 430000 Square Foot Office In Westminster From Peakstone Realty Trust For $32M

1300 West 120th Avenue

$32,000,000

$74/SF

Building Size

430,000 SF

Asset Type

Office

Closing

Nov 20, 2025

AI

The office asset at 1300 West 120th Avenue in Westminster, CO was sold for $32,000,000. The property spans 430,000 square feet, leading to a price per square foot of approximately $74.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $32,000,000
  • Buyer: AXS Opportunity Fund
  • Seller: Peakstone Realty Trust
  • Date of Sale: 11/20/2025
  • Market: Westminster, CO
  • Square Footage: 430,000
  • Price Per Square Foot: $74

AXS Opportunity Fund acquired the property from Peakstone Realty Trust, which had previously purchased it for $92,000,000 in 2014.

Players

PT
Peakstone Realty TrustSeller

Denver Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93