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7887 East Belleview Avenue

Real Capital Solutions Acquires Belleview Tower Office Building In Denver For $20 Million
SOLDOffice

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

Charley Will

CBRE

Broker

$149.1M

vol

2 deals

Broker
Ripco
RipcoBrokerage

Englewood 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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93