5060 Havana and 4275 Forest represent the rare opportunity to acquire two IOS buildings in the heart of Denver’s predominant industrial area, the I-70 corridor. The area is Denver’s most well-established industrial corridor, recording the bulk of activity, development, and investment throughout Denver’s recent industrial boom, while offering premier access to the entire metro area with I-70 representing Colorado’s primary east-west thoroughfare. Blue collar demographics and amenities in a location with such strong access are also robust.

The subject properties and the yard they offer in an infill location make them a strong target for investors. Each building is single tenant, with 2.76 years of WALT across the portfolio. This offers investors strong cash flow with the opportunity to capitalize on mark-to-market play with in-place rents that are on average 28% below market.

IOS product has surged in Denver during this cycle, ensuring continued strong rent growth for the foreseeable future while making a foothold in an infill location like the subjects invaluable.

Located in Denver’s most active and well-established submarket, the Northeast

Infill location with little risk of future development in the immediate vicinity

2.9 Acres of usable yard between the two buildings

Both properties are single tenant with combined 2.76 years of WALT

In-place rents are 28% below market in an asset class that continues to record robust rent growth

Access to the entire metro area via I-70

The Northeast is the center of the bullseye for activity and investment in Denver

5060 havana street

4275 Forest St, Denver, CO 80216, USA


 

T.J. Smith, SIOR
+1 303 283 4576
tj.smith@colliers.com

Nick Rice
+1 720 833 4620
nick.rice@colliers.com

Brad Calbert, ULI, NAIOP
+1 303 283 4566
brad.calbert@colliers.com

Nicholas Nasharr
+1 303 283 4563
nicholas.nasharr@colliers.com

Tim Morris
+1 720 833 4630
tim.morris@colliers.com