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210 University Boulevard, D...

Corum Real Estate Group & Koch Real Estate Investments Acquire Denver Office For $67.7M
SOLDOffice

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

Mark Katz

JLL

Broker

$133.7M

vol

2 deals

Broker
CG
Corum Real Estate GroupBuyer

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