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%

$12,500,000 Total Purchase Price
82,320 square feet Total Rentable Area
Class A Building Class