Corum Real Estate Group & Koch Real Estate Investments Acquire Denver Office For $67.7M
210 University Boulevard, Denver, Colorado 80206, United States
$67,700,000
$480/SF
Building Size
140,832 SF
Asset Type
Office
Closing
Sep 12, 2022
AI
The property involved in this closed transaction is an office building located at 210 University Blvd in Denver, CO. The property spans an area of 140,832 square feet and was sold at a price of $67,700,000, resulting in a price per square foot of $481.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $67,700,000
- Square Footage: 140,832
- Address: 210 University Blvd, Denver, CO
The buyers of this property were Corum Real Estate Group and Koch Real Estate Investments. The sale was facilitated by Peter Merrion, Mark Katz, and Hilary Barnett from JLL Capital Markets, who acted as the brokers in this transaction.
Players
Denver Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93