Graham Street Realty snags two southeast Denver office buildings

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Douglas County

Address or Location: 9777 Pyramid Circle, 384 Inverness Pkwy, Englewood

Improvements: 120,279-sf, three-story office building, YOC 1996; 51,523-sf, two-story office building, YOC 1985 (171,802 sf net rentable space)

Land Size: 1) 8.37 acres 2) 2.854 acres

Date of Recording: 12/15

Reception No: 2017084932 & 2017084924

Price: $19.4M, or $112.92 psf

Grantor: Westcore 384 Inverness LLC & Westcore Pyramid LLC, Marc Brutten, signatory, 858-625-4100

Grantee: Graham Street Realty, David P. Messing, mgr., 415-567-3700

Comments: This sale was handled by Riki Hashimoto and Dan Grooters of Newmark Knight Frank. The building located at 384 Inverness contains 52,916 sf on 2.854 acres and sold for $5.5M, or $103.94 psf. The office building located at 9777 Pyramid Circle is in Meridian International Business Center and contains 126,540 gross sf on 8.37 acres and sold for $13.9M, or $115.57 psf. The total gross building area of the two buildings is 179,456 sf, with net rentable area of 171,802 sf.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.

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