Englewood, CO – Kenai Capital Advisors today announced that they represented the Seller for the sale of 4695 South Windermere Street, a 19,240 square-foot industrial building in Englewood, Colorado. This unique and well-located industrial building sits on 1.64 acres directly next to Denver’s RTD Light Rail and Highway 85. The buyer, Uhrig Holdings LLC, represented by Brad Gilpin at Unique Properties, has plans to hold this asset for personal and investment purposes.
Built in 1965, 4695 South Windermere was utilized by A&A Commissary for their cold and dry food storage as well as a hub for food truck parking. The property has been an integral part of the South Santa Fe corridor providing a variety of uses over the years due to its centralized suburban location and fenced storage yard. As construction and land costs have steeply risen over recent years, this Property was purchased as a rare offering in an extremely supply-constrained market. The Buyer was attracted to the property’s functionality and outdoor storage yard space, which is desirable to potential tenants in a variety of industries.
“The demand for industrial outdoor storage (IOS) outshines the headwinds in the debt capital markets,” said Garrett Neustrom of Kenai Capital Advisors, “We continue to see assets like 4695 South Windermere trade at a premium to market for their valuable outdoor storage capabilities.”
Contact Garrett Neustrom of Kenai Capital Advisors for more information on this transaction: GNeustrom@kenaicap.com, (303) 681-5672.
