3351 W 71st Pl - Warehouse FOR SALE


Westminster, CO 80030
$1,347,000 USD
303-328-2016
3351 W 71st Pl, Westminster, CO for Sale
$1,347,000 USD
Warehouse - FOR SALE
1/7
null | Request Cap Rate

3351 W 71st Pl
Westminster, CO 80030


HIGHLIGHTS

  • Two-Building 10,000-Square-Foot Industrial Storage Facility Situated on 0.60 Acres
  • Featuring 29 Units (250-500 Square Feet) and 36 Grade Doors Measuring 14’
  • Located Eight Miles North of Downtown Denver | Proximity to I-76, I-70, and I-25
  • 95% Occupied on Below-Market Short-Term Leases, Creating Value-Add Opportunity
  • 2.8% Vacancy Rate Among Comparables | Positive 12-Month Net Absorption

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 3351 West 71st Place in Westminster, Colorado. The subject property consists of approximately 10,000 square feet of industrial storage space and is situated on 0.60 acres of land. The two-building asset features 29 units, ranging from 250 to 500 square feet, each equipped with a 14’ grade-level door. Constructed of metal, the property has a clear height of 16’. Located just off North Federal Boulevard, eight miles north of Downtown Denver, the property has proximity to Interstates 76, 70, and 25. At 95 percent occupied on short-term leases with below-market rents, this sale offers investors a value-add opportunity. The subject property is situated within the mid-sized Northwest Denver submarket, containing 18.3 million square feet of industrial space. In the 12 months through Q2 2025, net absorption remained in positive territory at nearly 359,000 square feet. During this time, net deliveries in Northwest Denver added 1.2 million square feet of industrial space to the inventory. As a result, the vacancy rate increased year-over-year from 8.1 percent to 12.0 percent in Q2. However, among comparable properties up to 10,000 square feet, the vacancy rates stood at only 2.8 percent. The general increase in availability across Northwest Denver helped to push annual rent growth into negative territory at -0.1 percent in Q2 as the average market rent dipped by seven cents on the quarter to about $12.50 per square foot. With only about 75,000 square feet of industrial space in the pipeline in Northwest Denver during Q3, new supply will have a smaller impact on vacancies and rents going forward (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.

FOR SALE DETAILS

PRICE

$1,347,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building A

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

29

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6

LAND SF

26,136

ZONING

IR

APN/PARCEL ID

1825-05-2-06-007,1825-05-2-06-008

ASK ABOUT THIS PROPERTY

Alyssa TombackMarcus & MillichapMore Info
303-328-2016

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Alyssa TombackMarcus & MillichapMore Info
303-328-2016

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.