BrokerageIndustrial

Opus Sells New Last Mile Class A Facility for $57M

Illinois-based Inland Real Estate Group has acquired a brand new 151,668-square-foot last mile logistics building in Thornton, from The Opus Group, for $57 million. The facility, located at 900 E 128th Avenue, on just over 19 acres, is fully leased to a single tenant for an e-commerce last mile facility.

Will Strong and Greer Oliver of Cushman & Wakefield represented Opus in the transaction. Joe Krahn and Harper Davis of the firm provided leasing advisory.

“With an irreplaceable high profile, prestigious location, this was a rare investment opportunity of a best-in-class logistics hub able to provide users with outstanding access to transportation, labor, and consumers critical to their business,” said Will Strong, executive managing director.

The facility is just minutes from Interstate 25 with multiple access points, walking distance to the light rail at Eastlake Station, and near excellent retail amenities in the immediate area. The property features a 30-ft clear height, 24 dock doors and six drive-in ramped doors, and unusually heavy parking that was accommodated with a three-story structured parking garage and surface solution.

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