facebook
Traded Co logo
Submit

North Beacon Capital Acquires Office Building On Cole Blvd In Golden, CO For $32.7M

Property Image
SOLD
$32,700,000

Colorado

See Similar Deals
Office155,610 SF
Sold 09/15/2022
the dealplayerscompscontact
Property Image
SOLD

North Beacon Capital Acquires Office Building On Cole Blvd In Golden, CO For $32.7M

1707 Cole Blvd, Golden, Colorado 80401, United States

See Similar Deals
Office155,610 SF
Sold 09/15/2022
Contact now

Summary

COLORADO
Asset Type:Office
Price Per Square Foot:$210
Total Square Footage:155,610 SF
Transaction Type:Sale

The office property located at 1687-1707 Cole Blvd in Golden, CO has been sold in a transaction that closed on September 15, 2022. The property, spanning 155,610 square feet, was sold for a total price of $32,700,000, resulting in a price per square foot of $210. The buyer in this transaction was North Beacon Capital, while the sellers were Bancroft Capital and Viking Partners. The deal was facilitated by JLL brokers Larry Thiel and Jason Schmidt.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $32,700,000
  • Address: 1687-1707 Cole Blvd, Golden, CO
  • Market: Golden, CO
  • Square Footage: 155,610
  • Price per Square Foot: $210
  • Buyer: North Beacon Capital
  • Seller: Bancroft Capital & Viking Partners
  • Brokers: Larry Thiel & Jason Schmidt - JLL

In this transaction, Larry Thiel and Jason Schmidt from JLL represented the buyer, North Beacon Capital, and facilitated the deal. The involvement of these brokers highlights the important role they played in negotiations and bringing the buyer and seller together.

Players

Larry Thiel
6 deals$146.3M volume
BROKER

Jason Schmidt
JLL
11 deals$181.8M volume
BROKER

BUYER

Details

SOLD
IMAGE: Larry Thiel & Jason Schmidt DATE: 09/15/2022 ADDRESS: 1687-1707 Cole Blvd MARKET: Golden, CO ASSET TYPE: Office BUYER: North Beacon Capital SELLER: Bancroft Capital & Viking Partners BROKERS: Larry Thiel & Jason Schmidt - JLL SALE PRICE: $32,700,000 SF: 155,610 ~ PPSF: $210

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,744,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$116,176.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$155,014.68
Annual Debt Service$1,860,176.19