DENVER, CO – City Office REIT Inc. has sold its three-building, Cherry Creek property in Denver, CO, in a transaction totaling $95 million, before customary closing and transaction costs.
The 356,000-square-foot campus was 100% occupied by the State of Colorado, at the time of sale.
The transaction represented a capitalization rate of 5.8% based on in-place cash net-operating income.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
