The Solarium office building at 7400 E. Orchard Road in Greenwood Village. (Courtesy SVN)
A Denver Tech Center office building whose loan sold last year is now on the market.
The asking price for the 171,000-square-foot Solarium building at 7400 E. Orchard Road in Greenwood Village is $13.9 million, according to a LoopNet listing. That’s $81 a square foot.
The building is owned by LBC3 Trust, which bought the Solarium building’s $22 million loan in August for an undisclosed amount. The trust took ownership two months later by foreclosing on the property.
The previous owner, Austin-based CapRidge Partners, paid $23.4 million for the property in November 2014, according to public records.
Solarium is 56 percent leased to a host of small tenants. None occupy more than 5 percent of the building, according to the LoopNet listing.
Inside the Solarium office building at 7400 E. Orchard Road in Greenwood Village. (Courtesy SVN)
SVN broker Troy Meyer, who is marketing the property with colleague Kevin Matthews, told BusinessDen the current owner is willing to provide a buyer financing at up to 80 percent loan to value for two or three years.
“We’ll be marketing to investors and users,” he said.
LBC3 Trust, the owner, lists an office address in Minnesota that corresponds to that of a firm called Stillwater Asset Management.
Solarium is one of three office complexes in a row along Orchard Road that entered foreclosure last year.
The Solarium office building at 7400 E. Orchard Road in Greenwood Village. (Courtesy SVN)
A Denver Tech Center office building whose loan sold last year is now on the market.
The asking price for the 171,000-square-foot Solarium building at 7400 E. Orchard Road in Greenwood Village is $13.9 million, according to a LoopNet listing. That’s $81 a square foot.
The building is owned by LBC3 Trust, which bought the Solarium building’s $22 million loan in August for an undisclosed amount. The trust took ownership two months later by foreclosing on the property.
The previous owner, Austin-based CapRidge Partners, paid $23.4 million for the property in November 2014, according to public records.
Solarium is 56 percent leased to a host of small tenants. None occupy more than 5 percent of the building, according to the LoopNet listing.
Inside the Solarium office building at 7400 E. Orchard Road in Greenwood Village. (Courtesy SVN)
SVN broker Troy Meyer, who is marketing the property with colleague Kevin Matthews, told BusinessDen the current owner is willing to provide a buyer financing at up to 80 percent loan to value for two or three years.
“We’ll be marketing to investors and users,” he said.
LBC3 Trust, the owner, lists an office address in Minnesota that corresponds to that of a firm called Stillwater Asset Management.
Solarium is one of three office complexes in a row along Orchard Road that entered foreclosure last year.
This story is for our paid subscribers only. Please become one of the thousands of BusinessDen members today!
Your subscription has expired. Renew now by choosing a subscription below!
For more informaiton, head over to your profile.
SUBSCRIBE NOW
TERMS OF SERVICE:
ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING SUPPORT@BUSINESSDEN.COM.
ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.
EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.
FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL SUPPORT@BUSINESSDEN.COM
Already a Member? Sign in
Return to Homepage
