A newly-developed Class A warehouse/distribution building, currently 100 percent leased to Amazon, has sold to a national real estate investment, development and management firm for $114 million. Developed in 2021, the 147,000-square-foot facility is located at 875 W 64th Ave in downtown Denver.
Executive Managing Director Will Strong, Vice Chairmen Jeff Chiate and Jeffrey Cole, Director Mike Adey, Associate Greer Oliver, and Analyst Connor Nebeker-Hay of Cushman & Wakefield represented Karis Capital and AEW in the transaction. The firm’s Matt Trone, Steve Hager, Drew McManus, Ryan Searle, and Joey Trinkle also provided market leasing advisory.
“This was an exceptional investment asset with a superior tenant and a premier location defined by its excellent access to major freeways and the entire Denver Metro,” said Will Strong. “Denver is poised for continued growth and sustainability, with a strong population growth rate that has far outpaced the national average the past decade—as it has the last nearly hundred years—coupled with steady employment. Therefore, these types of distribution facilities are important to help serve the needs of the current and future residents in the region.”
Located along 64th Ave at Huron St and W. 62nd Ave, the property provides immediate access to the I-25, I-70, I-76, and US 36 freeways. It is also proximate to Denver International Airport.
