Colorado-Real-Estate-Journal_468390

Page 10 - July 2-15, 2025 www.crej.com Industrial by Avalon Jacka LAKEWOOD – A self-man- aged real estate investment trust acquired a self-storage facility in eastern Lakewood. SmartStop Self Storage REIT Inc. purchased the facility at 5885 W. Colfax Ave. in May. Colfax Harlan LLC sold the property to the REIT for $12.73 million, accord- ing to SKLD Information Services. “Our continued investment in high-quality storage assets within strong, growing markets like the Denver metro area is part of our long-term strategic vision,” said SmartStop President and Chief Investment Officer Wayne John- son. “With its central location, modern layout, and diverse unit mix, this facility is well positioned to meet customers’ needs through- out the Lakewood and greater Denver communities.” The 66,850-square-foot facility includes approximately 600 stor- age units across six buildings, fea- turing a variety of unit sizes and types, including climate- and non- climate controlled, and drive-up, interior and upper-level units. The facility also offers vehicle storage units; fenced, gated access; and video surveillance. The asset is about 3 ½ miles from downtown Denver, offering connectivity and visibility to 22,000 vehicles daily from West Colfax Avenue. The surrounding area features a strong demographic profile, including a projected 3% growth rate within a 3-mile radius in the next five years. The facility serves the Eiber, Two Creeks, Edgewater, Morse Park, North Alameda and Sloan’s Lake neighborhoods. SmartStop is a fully integrated self-storage operation. As of May, the company has an owned or managed portfolio of 157,600 units and 17.7 million rentable sf at 221 operating properties in 23 states; Washington, D.C.; and Canada. Other News n DENVER – A 29,255-square- foot industrial facility in Park Hill traded hands for $4 million in June. GMB Holdings Wyoming LLC purchased the facility at 5757 E. 42nd Ave. from Stevinson Co LLC, according to SKLD Information Services. Jeff Heine, Matt Nora and Kirk Vanino of Lee & Associ- ates represent- ed the seller in the transaction. Kristjan Danis of Pinnacle Real Estate Advi- sors LLC represented the buyer, a regional distribution company. Situated on a 1.2-acre lot, the facility includes a range of func- tional features, including a secured, fenced yard; new LED lighting and paint; 3-phase power; five dock-high doors; one stan- dard drive-in door; four over- sized drive-in doors; and 18-foot clear height, making the property suitable for either distribution or other industrial uses. The asset is positioned south of Interstate 70 between Colorado Boulevard and Quebec Street, offering connec- tivity to downtown Denver and Denver International Airport. The property was vacant at the time of sale. n DENVER – A confidential tenant leased 11,570 sf in North Denver. The undisclosed tenant signed a five-year lease for the space at 5961 Broadway. Tanner Digby of Digby Com- mercial Advi- sors represent- ed the landlord, which is listed as North Broad- way Ventures LLC on Adams County public records. The tenant did not have a broker representa- tive in the transaction. Positioned in unincorporated AdamsCounty,the49,920-sfbuild- ing features I-2 zoning, 3-phase power, 20-foot clear height, two dock-high doors and one drive-in ramp. The property offers easy access to Interstate 25 and twin-tee construction. n DENVER – An industrial building near the Valverde neigh- borhood sold for $1.56 million, or $248.97 per sf, in June. Five Quarters Farm LLC acquired the 6,275-sf building, situated on 0.29 acres at 1448 W. Cedar Ave., from Cedar Palms LLC. John V. Propp of John Propp C o m m e r c i a l Real Estate rep- resented the sell- er, and Christian Dinsdale of SVR Real Estate US LLC represented the buyer. The building is configured as two suites with three grade-level overhead doors. Built in 1982, the property includes a fenced lot, skylights, 3-phase power, 12-foot clear height, and I-MX-3 zoning, according to a LoopNet listing. The buyer plans to operate the property as an investment and will bring an automotive tenant that is set to immediately occupy the property. n ARVADA – A 6,262-sf flex/ industrial building in eastern Arvada traded hands for $1.66 million in June. Alpine Glass bought the prop- erty, situated on 0.83 acres at 6145 W. 59th Ave., from Southwest Mechanical Management Inc. Tanner Fanello of Align Com- mercial Real Estate Advisors r e p r e s e n t e d the seller in the transaction. Rick Giarratano and David Schwab of MRE Com- mercial rep- resented the buyer. The transaction “demonstrates contin- ued demand for functional, well- located industrial assets in the northwest Denver metro area,” a statement from Align Commercial Real Estate said. “This property drew strong attention from users and a few investors due to its accessible loca- tion, flexible layout and the overall strength of the Arvada industrial submarket,” Fanello said. “I’m proud to have delivered a great outcome for my client and look forward to tracking how the next owner puts the site to work.” The property offers proximity to Interstate 70, Wadsworth Boule- vard and other major transit cor- ridors, making it an ideal location for businesses requiring central access to the Denver metro area, according to a statement from Align Commercial. s SmartStop buys self-storage facility on West Colfax Avenue Matt Nora Kirk Vanino Jeff Heine John V. Propp Tanner Fanello Tanner Digby