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8390 East Crescent Parkway

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

440,000 SF

Asset Type

Office

Closing

Jul 9, 2024

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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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