{"id":1004328671,"date":"2019-06-03T23:28:13","date_gmt":"2019-06-04T07:28:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004328671"},"modified":"2021-05-10T02:07:08","modified_gmt":"2021-05-10T10:07:08","slug":"denver-office-building-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/denver-office-building-changes-hands\/","title":{"rendered":"Denver Office Building Changes Hands"},"content":{"rendered":"<div id=\"attachment_1004328680\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Monaco-Tower-e1559571877674.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004328680\" data-attachment-id=\"1004328680\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/denver-office-building-changes-hands\/monaco-tower\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Monaco-Tower-e1559571877674.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Monaco Tower\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Monaco Tower. Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Monaco-Tower-e1559571877674.jpg?w=1000\" class=\"wp-image-1004328680 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Monaco-Tower-e1559571877674.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Monaco-Tower-e1559571877674.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Monaco-Tower-e1559571877674.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Monaco-Tower-e1559571877674.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004328680\" class=\"wp-caption-text\">Monaco Tower. <em>Image courtesy of Yardi Matrix<\/em><\/p><\/div>\n<p>Stabilis Capital Management has sold the 63,170-square-foot Monaco Tower in Denver for $5.8 million, per Yardi Matrix information. The seller had purchased the asset in early 2014 for $6.2 million. The new owner is BF Borgers, which also owns a few other office assets across metro Denver.<\/p>\n<p>Located at 925 S. Niagara St., the six-story building was completed in 1974 and received cosmetic renovations in 2009, according to Yardi Matrix. Less than 7 miles from downtown Denver, the asset is situated in a dense residential area with access to retail and dining options. The building&#8217;s vacancy rate was 11.6 percent at the time of sale, with the tenant roster including The New American College and local offices of Madison Realty Cos. and American Family Insurance.&nbsp;<\/p>\n<p>At the beginning of the year, a Stabilis Capital Management-controlled fund <a href=\"https:\/\/www.commercialsearch.com\/news\/morgan-properties-buys-pa-office-complex\/\">sold a three-building office complex for $52 million<\/a> in Conshohocken, Pa. The seller worked with a team from HFF to close that deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stabilis Capital Management sold Monaco Tower after holding it for five years. The property is located within 7 miles of downtown.<\/p>\n","protected":false},"author":748,"featured_media":1004328680,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1587,21783,21742,21747,15],"tags":[32792,45803],"class_list":["post-1004328671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-denver","category-investment","category-latest","category-office","category-west","tag-hff","tag-stabilis-capital-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Denver Office Building Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/denver-office-building-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Denver Office Building Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Stabilis Capital Management sold Monaco Tower after holding it for five years. The property is located within 7 miles of downtown.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/denver-office-building-changes-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-04T07:28:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T10:07:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Monaco-Tower-e1559571877674.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands\\\/\"},\"author\":{\"name\":\"Lucia Morosanu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"headline\":\"Denver Office Building Changes Hands\",\"datePublished\":\"2019-06-04T07:28:13+00:00\",\"dateModified\":\"2021-05-10T10:07:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands\\\/\"},\"wordCount\":171,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/06\\\/Monaco-Tower-e1559571877674.jpg\",\"keywords\":[\"HFF\",\"Stabilis Capital Management\"],\"articleSection\":[\"Deals\",\"Denver\",\"Investment\",\"News\",\"Office\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands\\\/\",\"name\":\"Denver Office Building Changes Hands - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/06\\\/Monaco-Tower-e1559571877674.jpg\",\"datePublished\":\"2019-06-04T07:28:13+00:00\",\"dateModified\":\"2021-05-10T10:07:08+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/06\\\/Monaco-Tower-e1559571877674.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/06\\\/Monaco-Tower-e1559571877674.jpg\",\"width\":1000,\"height\":750,\"caption\":\"Monaco Tower. 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