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8390 East Crescent Parkway

Updated Dec 4, 2024

Knightbridge Capital And Westside Investment Partners Acquire Office Buildings In Greenwood Village For $14.3M
SOLDOffice

Knightbridge Capital And Westside Investment Partners Acquire Office Buildings In Greenwood Village For $14.3M

8390 East Crescent Parkway & 8350 East Crescent Parkway

$14,300,000

$32/SF

Building Size

220,000 SF

Asset Type

Office

Closing

Jul 9, 2024

About this deal

AI

Two office buildings at 8390 and 8350 East Crescent Parkway in Greenwood Village, CO, were sold for $14,300,000. The properties encompass a total of 220,000 square feet, with a price per square foot of $65. The buildings feature amenities including grand lobby entrances, covered parking, a shared amphitheater, and water features.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $14,300,000
  • Buyer: Knightbridge Capital & Westside Investment Partners
  • Seller: American National Insurance
  • Broker Representatives: Larry Thiel & Sean Whitney - JLL

Representing the seller in this transaction were brokers Larry Thiel and Sean Whitney from JLL. The sale marks a significant decrease from the $47.5 million spent by American National Insurance for the properties in 2014 and 2015.

Players

Larry Thiel

JLL

Broker

$146.3M

vol

6 deals

Broker

Greenwood Village Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $32 per square foot on a published $14.3M for 440,000 square feet (2024).

Visit Larry Thiel to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.11%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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