Marcus & Millichap is pleased to present the opportunity to acquire the property located at 4825 Oakland Street in Denver, Colorado. The subject property consists of approximately 16,122 square feet of warehouse space and is situated on 1.05 acres of land. The single-tenant asset features tilt-wall construction, a clear height of 16’, one grade-level door, a wash station with floor drains, sprinklers, three-phase heavy power with 1,000 amps and 120 to 208 volts, and 30 parking spaces. Recent renovations include a new office buildout, a new roll-up door, and LED lights. Located one mile from Interstate 70 via Peoria Street, the property is only a 20-minute drive from both Downtown Denver and the Denver International Airport. In addition to being available for lease, the vacant property can be acquired for owner use or as a lease-up investment opportunity.
The subject property is positioned within Central East Interstate 70/Montbello, a mid-sized submarket in a desirable location containing 18.5 million square feet of industrial space. Given the submarket’s proximity to Downtown Denver, the inventory has largely been unchanged over the last decade due to a lack of available land. In 2024, the submarket recorded its third consecutive year of negative net absorption as -220,000 square feet were vacated on net. However, no new industrial properties were delivered and the vacancy rate increased 120 basis points to 5.7 percent. While availability hit the highest level since 2012, the vacancy rate in the submarket sat well below the 7.0 percent national average (based on the top 50 metros, minimum 10,000 square feet, and Classes A, B, & C). Nonetheless, the increase in vacancies in the submarket decelerated annual rent growth to just 0.6 percent last year, representing the slowest level since rents contracted in 2010. With no industrial properties under construction at the start of 2025, vacancies and rent growth will be dependent upon demand 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.
BROKER OF RECORD
ADAM LEWIS
Denver Broker of Record
1144 15th Street, Suite 2150
Denver, CO 80202
Tel: (303) 328-2050
Adam.Lewis@MarcusMillichap.com
License CO: ER100091205
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAG0050076)
