Steel Peak Properties, a California-based commercial real estate investment firm specializing in industrial outdoor storage (IOS) assets, has entered the Denver market with the acquisition of a 2.07-acre IOS property at 4600 Monaco Street.
The $3.27 million purchase marks Steel Peak’s first investment in both Denver and the state of Colorado and continues the firm’s expansion across key Western U.S. markets. The property features a 16,858-square-foot industrial building, approximately 1,500 square feet of office space, and ample outdoor storage capacity, making it well-positioned for a range of industrial and logistics users.
“Denver’s strong economic fundamentals, limited industrial land availability, and growing tenant demand make it an ideal market for our IOS strategy,” said Blake Rodgers, co-founder of Steel Peak Properties. “This acquisition aligns with our long-term approach of targeting infill locations that support operational flexibility for tenants.”
Founded in January 2024, Steel Peak focuses exclusively on industrial outdoor storage assets across major Western metropolitan areas. The Denver acquisition represents the company’s 11th IOS investment to date.
According to Pasha Johnson, principal at Steel Peak, the firm continues to see strong investor interest in IOS properties due to their resilience and limited supply. “IOS assets remain one of the most compelling segments within industrial real estate, and Denver offers long-term growth potential that fits well within our portfolio strategy,” Johnson said.
Steel Peak plans to pursue additional IOS opportunities throughout Colorado and other Western markets, targeting properties ranging from single-asset acquisitions to larger portfolio investments.
