McWhinney has sold its brand new 200,864-square-foot Class A warehouse/distribution building in Broomfield, for $94.8 million. The buyer was Realterm Logistics, a vertically integrated owner and manager of high flow-through (HFT) logistics facilities serving the transportation industry that is based in Annapolis, Maryland.
Located at 400 West 160th Avenue, on 53 acres, the property is currently leased to a global Fortune 10 e-commerce company.
The single-tenant distribution facility was constructed in the fourth quarter of 2021.
Executive Managing Director Will Strong, Vice Chairman Jeff Chiate, Senior Director Kirk Kuller, Director Mike Adey, Associate Greer Oliver, and Analyst Connor Nebeker-Hay of Cushman & Wakefield’s National Industrial Advisory Group represented the seller. The firm’s Alec Rhodes and Aaron Valdez also provided local market leasing advisory.
“Strategically positioned in the booming I-25 Corridor, the property presented a “best-in-class” last-mile logistics building in metropolitan Denver with top-shelf functionality,” said Will Strong. “The asset is a rare, quality industrial property occupied by a superior credit tenant with a mission-critical use and providing steady in-place cash flow for the buyer. Immediately adjacent to the I-25 and E-470 interchange, the logistics hub provides users with outstanding access to transportation, labor, and consumers.”
Specifically designed as a state-of-the-art last-mile delivery station, the facility features 36’ clear height, heating throughout, ESFR sprinklers, ample power, energy-efficient lighting, multiple points of ingress and egress, and a concrete truck court apron. Mission-critical parking and dedicated queuing lanes create long-term value with flexibility to continue vehicle parking expansion. The property also incorporates a flexible office layout, four entrances/exits, ample outdoor amenity space and extensive landscaping.
Kirk Kuller added, “Industrial real estate has weathered COVID-19 impacts and emerged as a net-winner, while e-commerce has proven to be an integral part of our economy and will continue to experience accelerated growth. Industrial real estate has a more attractive risk profile than other product types.”
