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.
On the Map
$14,300,000
$32/SF
Office
View full map
Players
Greenwood Village Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Larry Thiel to view all their deals.
Browse Greenwood Village office sales on Traded.
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