Crescent VIII
8350 East Crescent Parkway, Greenwood Village, CO 80111
Property Overview
Crescent VIII consists of one modern four-story Class A office building totaling 82,320 rentable square feet, located on a 4.2-acre site in the Denver Technological Center (DTC) submarket of southeast suburban Denver. The Property has been institutionally owned since its completion in 1996. It has exhibited a strong leasing and occupancy history, typically averaging in the mid to high 90% range since completion.
The property and its location are attractive to a wide range of professional users. Exceptional access from I-25 and I-225, via East Belleview Avenue and DTC Boulevard, along with its close proximity to light rail, makes this location one of the most desirable along Denver’s southern I-25 corridor. Additionally, Crescent VIII enjoys superior access to an abundance of executive housing, over 4,000 multi-family units, and Denver’s premier executive neighborhoods. The property is also within 15 minutes of Denver’s Central Business District and 30 minutes of Denver International Airport.
Investment at a Glance
Location: Greenwood Village, CO
Property Type: Class A Office
Acquisition Date: May 26, 2010
Purchase Price: $12,500,000
Sale Date: November 20, 2014
Sale Price: $17,250,000
No. of Buildings: 1
No. of Stories: 4
Square Footage: 82,320 SF
Year Built: 1996
Leased Percentage (at the time of Acquisition): 97.6%
