We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
Home » CBRE Brokers Sale of Monaco I-70 Industrial Park in Denver
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

CBRE Brokers Sale of Monaco I-70 Industrial Park in Denver

October 21, 2019
No Comments

CBRE announced today the sale of the Monaco I-70 Industrial Park, a four-building property totaling 183,319 sq. ft. at the intersection of East Smith Road and Monaco Parkway in Denver. CBRE's Jim Bolt, Tyler Carner, Jeremy Ballenger and Jessica Ostermick represented the seller, a confidential Denver-based investor. Stockbridge Real Estate of San Francisco purchased the property in a sale that closed Oct. 17. CBRE has served as the leasing agent for the property since it was developed and retained the assignment.

"Monaco I-70 Industrial Park offers highly-functional Class A space in a central, last mile location within Denver's prime logistics corridor. With rising transportation costs and customers demanding fast delivery, infill industrial locations that cater to last mile users are in high demand," said Jim Bolt, Executive Vice President, CBRE.

According to an Oct. 2019 CBRE U.S. MarketFlash, demand for well-located, small bay industrial buildings of less than 120,000 sq. ft., like those found at Monaco I-70 Industrial Park, continues to outpace that for larger warehouses, driven in large part by urban population growth and same-day delivery expectations of consumers. CBRE's research finds that rents for small bay, also called light industrial, spaces in the U.S. have climbed more than 30 percent over the past five years, compared to 16 percent growth for large warehouses over 250,000 sq. ft.

Buildings / Sq. Ft. included in the Monaco I-70 Industrial Park sale:
• 6490 East Smith Road / 49,500 sq. ft.
• 6489 East 39th Avenue / 48,550 sq. ft.
• 3925 Monaco Parkway / 42,200 sq. ft.
• 3975 Monaco Parkway / 43,069 sq. ft.

The four buildings were built between 1998 and 2007 and sit on a total 9.89 acres. Class A features include ESFR fire protection systems, drive-in and dock-high loading and office space.

Monaco I-70 Industrial Park is 100 percent leased to five distribution tenants: Restoration Hardware, Red Bull Distributing, Shred-It USA, Classic Beverage and Majestic Hearth Distribution. The property is located in a Colorado Enterprise Zone and Opportunity Zone directly off I-70 on the border of Denver's Central and Airport submarkets.

"This infill location is at the west end of the Airport submarket, Denver's primary logistics arterial, but it performs as if it is an extension of Denver's Central submarket with great accessibility to the region's population and high barriers to future supply. Together the two submarkets are home to 60 percent of Denver's industrial square footage and are the most desirable for top distribution tenants in Denver," added Mr. Bolt.

Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
  • Related Articles

    CBRE Brokers Sale of 1.15-Million-SF Pecos Logistics Park in Denver to J.P. Morgan

    CBRE Brokers Sale of Two Distribution Buildings within 76 Commerce Center in Denver’s I-76 Corridor

    CBRE Brokers Sale of 75,000-Sq.-Ft. Distribution Building on I-70 and Peña Boulevard for $7.125M

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Private equity firm acquires packaging provider Coregistics in e-commerce bet

  • Packaging industry reprioritizes amid inflation, supply chain disruption

  • Trucking industry warns that AB 5 decision could push freight capacity out of California

  • Warehousing's perfect storm

  • Raymond Corp. marks 100th anniversary

Now Playing on DCV-TV

E3f9e6d5 8bd4 40ca 8c7f 43aa63ea3fc9

Lessons from CSCMP’s Annual Report Card for Shippers and Carriers

DCV-TV 4: Viewer Contributed
Recently, the Council of Supply Chain Management Professionals (CSCMP) released their 33rd Annual State of Logistics Report which is created by AT Kearny. I've viewed this as basically a "Report Card" for shippers and carriers since it offers a comprehensive view of what they both have dealt with in the past year,...

FEATURED WHITE PAPERS

  • Breaking Bad: Conducting Full Truckload RFPs in the Age of Digital Freight Procurement

  • Fueling Sustainability for Manufacturers: Strategies to Increase Fuel Efficiency and Reduce Your Carbon Footprint

  • Guide to Proven Warehouse Solutions

  • Five common misconceptions about running a private fleet

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing