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Peakview Tower, 6465 Greenw...

Vanderbilt Office Properties Acquires Office Building In Greenwood Village, CO For $66M
SOLDOffice

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

Mark Katz

JLL

Broker

$133.7M

vol

2 deals

Broker
Vanderbilt Office Properties
Vanderbilt Office PropertiesBuyer

Gio Cordoves

KBS

Seller

$66M

vol

2 deals

Seller

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