CBRE Represents Sale Of Office Property In Greenwood Village, CO For $15.7M
SOLD
$15,700,000
Colorado
See Similar DealsOffice69,855 SF
Sold 10/11/2022
SOLD
CBRE Represents Sale Of Office Property In Greenwood Village, CO For $15.7M
5500 Greenwood Plaza Boulevard, Greenwood Village, Colorado 80111, United States
See Similar DealsOffice69,855 SF
Sold 10/11/2022
Summary
COLORADO
Asset Type:Office
Price Per Square Foot:$224
Total Square Footage:69,855 SF
Transaction Type:Sale
An office property located at 5500 Greenwood Plaza Blvd in Greenwood Village, CO has been sold for a total price of $15,700,000. The property spans 69,855 square feet with a price per square foot of $225.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $15,700,000
- Square Footage: 69,855
- Price Per Square Foot: $225
- Address: 5500 Greenwood Plaza Blvd
- Market: Greenwood Village, CO
The sale of this office property was facilitated by CBRE. The brokers involved in the deal were Patrick Devereaux, James Brady, Campbell Davis, and Chad Flynn from CBRE.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$837,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,778.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,426.01
Annual Debt Service$893,112.12
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