Vanderbilt Office Properties Acquires Office Building In Greenwood Village, CO For $66M
Peakview Tower, 6465 Greenwood Plaza Blvd, Greenwood Village, CO, USA
$66,000,000
$249/SF
Building Size
264,149 SF
Asset Type
Office
Closing
Aug 5, 2021
AI
6465 Greenwood Plaza Blvd - Peakview Tower, located in Greenwood Village, CO, has been sold in a recent transaction. The office property, spanning 264,149 square feet, was sold for a total of $66,000,000, resulting in a price per square foot of $250. The sale was facilitated by brokers Mark Katz and Peter Merrion from JLL, representing the seller, KBS, and the buyer, Vanderbilt Office Properties. Legal counsel for the transaction was provided by Bruce Fischer, Howard Chu, Amanda Kennedy, and Mark Baker from Greenberg Traurig LLP.
Summary of transaction details:
- Property Type: Office
- Sale Price: $66,000,000
- Square Footage: 264,149
- Price Per Square Foot: $250
- Address: 6465 Greenwood Plaza Blvd - Peakview Tower, Greenwood Village, CO
- Market: Greenwood Village, CO
Gio Cordoves, representing KBS, acted as the seller in the transaction, while Vanderbilt Office Properties served as the buyer. The deal was successfully negotiated by brokers Mark Katz and Peter Merrion from JLL. Legal counsel was provided by Bruce Fischer, Howard Chu, Amanda Kennedy, and Mark Baker from Greenberg Traurig LLP.
Players
Greenwood Village 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93