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