Denver, CO (June 24, 2015) — As job growth, grow facilities and lagging new industrial inventory feeds into record high industrial lease rates, the demand for any industrial product with additional land or storage space continues to increase.
Many local industrial investors, users and tenants are on the hunt for industrial space and have partnered with local commercial real estate leader Unique Properties to close nearly 50 industrial transactions this year alone. The recent sale of a 6,800 square foot industrial building near I-70 and York Street located at 5101 Columbine Street in Denver is yet another high-demand industrial asset that Unique Properties represented this quarter. Aaron Romero, Senior Broker at Unique Properties, brokered both sides in the transaction.
“The construction roster of new, smaller user, industrial assets does not support the current need for many outdoor users looking for lease or purchase opportunities,” said Romero. “Despite the tight industrial market, we matched the buyer’s needs with this property which allows for an expansion if they see fit,” he concluded.
As a former RTD maintenance facility, the Property offers three (3) large drive-through service bays with almost two (2) acres for outdoor storage which currently is in very high demand. The building’s interior features roughly 1,500 square feet of general office space that fits the new ownership’s operating needs.
The new owner operates a local recycling business and plans to execute a building expansion in order to better suit their needs.
To schedule an interview with a Unique Properties broker regarding this transaction, or for more information about Unique Properties, Inc., from a corporate standpoint, please contact: Natalia Griffin at ngriffin@uniqueprop.com, or 720.881.6320.
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