Industrial Outdoor Ventures (IOV), a leading investor and manager of industrial outdoor storage (IOS) facilities in the U.S., has completed its 10th acquisition in the Denver area with the purchase of 3750 Nome Street, a 4.94-acre vacant property with approximately 31,000 square feet of warehouse and office space. A purchase price was not disclosed.
The property is located within Denver’s Airport Central submarket, less than two miles from the I-70 and I-225 interchange. Its freeway access will benefit users looking for connectivity with proximity to I-25, downtown Denver and Denver International Airport.
The onsite structures include a 24,000-square-foot warehouse with 22’ clear, 2 drive-in doors, and 4 dock-high positions, and a 7,000-square-foot standalone office with additional storage and a private garage. The property is vacant today and currently on the market for lease.
This acquisition marks IOV’s 10th purchase in the Denver area totaling over 260,000 square feet and 125 acres.
“We are thrilled to expand the Denver portfolio with Nome. The location within the Airport Central submarket is critical for last-mile users,” said Ben Backer, acquisition officer, Western Region. “Our conviction in Denver as an IOS market remains high given the strength and variety of tenants in the market looking for outdoor storage.”
Sam Dragan and Mike Camp of CBRE represented both the buyer and seller in the transaction and are currently marketing the property for lease.
Industrial Outdoor Ventures (IOV) is the leading national owner of low-coverage industrial property, providing supply chain infrastructure solutions to essential industries such as transportation, bulk material distribution, last-mile logistics, heavy equipment, and the utility industry. The company is focused on the long-term ownership of these mission-critical Industrial properties and currently owns and manages over $970+ Million in assets with a goal of reaching another $350 Million in the next 12 months.
