Industrial & Logistics

1250 W 124th Ave

1250 W 124th Ave, Denver, CO, 80234-1706, US

1250 W 124th Ave_Property for Sale

Gallery

1250 W 124th Ave 2_Property for Sale

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale 1250 W. 124th (the “Property”), a 61K square foot high-bay warehouse located in Westminster, CO (Denver MSA). Located just one mile from the I-25 and W. 120th Ave interchange, the Property boasts 24’ clear height, four dock doors (10’), one drive-in door (14’), one platform dock for easy side-loading. The Property also has approximately 6K square feet of office space and is equipped with heavy power (2500 amps), a key differentiator in the submarket. Based on current zoning, an investor could also expand the Property by an additional ~32K SF.

 

The in-place tenant, Metalcraft Industries (the “Tenant”), who operates in the machining, sheet metal, and contract manufacturing industry, has occupied the building since it was constructed in 1997. In-place rents of $7.50 NNN and vacancy of 43%, create a compelling value-add opportunity in one of Denver’s hottest industrial submarkets. 

Attributes

Building area Net
61,334 sf
Occupancy
57.00%
Year built
1997
Land area Net
4.17 acres (181,645 sf)

Investment highlights

  • Strategic North Denver location with convenient access to I-25
  • Supply-constrained micro-market and infill location
  • Institutional submarket
  • Highly-functional and versatile asset with expansion potential
  • Strong submarket fundamentals including declining vacancy, and 7% YOY rent growth
1250 W 124th Ave 4_Property for Sale
1250 W 124th Ave 4_Property for Sale

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Nov 30, 2022