Real Capital Solutions Acquires Belleview Tower Office Building In Denver For $20 Million
7887 East Belleview Avenue
$20,000,000
$99/SF
Building Size
201,670 SF
Asset Type
Office
Closing
Jan 2, 2025
AI
The property involved in the transaction is located at 7887 East Belleview Avenue in Denver, CO. This asset type is office space, specifically a 12-story office building known as Belleview Tower. The sale price for the property was $20,000,000, and it encompasses a total of 201,670 square feet, equating to a price per square foot of $99. At the time of sale, the property was 75% leased and is set for further upgrades to its amenities, including enhancements to the fitness center and common areas.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $20,000,000
- Address: 7887 East Belleview Avenue
- Market: Denver, CO
- Square Footage: 201,670
- Price Per Square Foot: $99
- Buyer: Real Capital Solutions (RCS)
- Broker: Charley Will - CBRE
Real Capital Solutions was the buyer in this transaction, acquiring the property through the representation of broker Charley Will from CBRE. The deal reflects a strategic expansion in the Denver area, positioning Real Capital Solutions to capitalize on the ongoing improvements at Belleview Tower.
Players
Englewood Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93