Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1800 East 69th Avenue in Denver, Colorado. The subject property consists of approximately 45,640 square feet of shallow-bay industrial space and is situated on 3.16 acres of land. The five-building asset features 52 suites averaging 877 square feet, including 31 units individually metered for gas and electric, and 21 units metered just for gas. Constructed with metal, the building has a clear height of 16’. Located at the interchange between Interstates 76 and 270, the property has prime access to Downtown Denver. Occupied at 94 percent with below-market rents, this sale offers investors a value-add opportunity. The subject property is well-positioned within the mid-sized Commerce City submarket, containing 13.9 million square feet of industrial space. In the 12 months through Q2 2025, net absorption contracted slightly by 89,000 square feet as 152,000 square feet of net deliveries were added to the inventory. As a result, the vacancy rate increased by 160 basis points year-over-year to 7.1 percent in Q2. However, among comparable properties up to 50,000 square feet, the vacancy rate stood at 4.8 percent. The general increase in availability across Commerce City helped to push annual rent growth into negative territory at -0.6 percent in Q2. The average market rent fell by six cents on the quarter to about $12.25 per square foot. With no industrial spaces under construction in Commerce City in Q3, demand will be in the driver’s seat of vacancies and rents for the foreseeable future (CoStar). Denver-Aurora-Lakewood metro is home to three million people among 10 counties. Known as the Mile High City, Denver, which is also a county, serves as the state’s capitol and largest city, with approximately 716,577 residents. Metro Denver houses 10 Fortune 500 companies, including Newmont Goldcorp, Arrow Electronics, and DISH Network. Aerospace, financial services, and health care are some of the industries that have driven economic growth in the new millennium. The passage of Amendment 64 in November 2012, created a new industry in marijuana, largely consisting of young thriving businesses. Metro Denver provides a high quality of life with rural and urban amenities. Rocky Mountain National Park is less than a two-hour drive from the metro area, and the city houses franchises for all four major sports.