DENVER, September 25th, 2026. Kenai Capital Advisors (“Kenai”), led by Garrett Neustrom, represented the seller in the sale of 5050 N Ash Street, a 4,407-square-foot industrial service facility on 1.74 acres in Denver, Colorado. The property was acquired by a private trucking company for its local maintenance operations.
The facility is zoned I-B, Denver’s heavy industrial classification, and is improved with a clear-span building featuring an 18-foot clear height, five 16-foot by 12-foot drive-in doors, and a 400-square-foot office. The site includes a drive-thru wash bay and a secured yard finished with new recycled asphalt, supporting fleet parking, vehicle servicing, and outdoor storage operations. Utilities include 400-amp three-phase electrical service, a 2 PSI gas line, a three-quarter-inch potable water tap, and standard wet-pipe fire protection. 5050 N Ash Street sits within an established heavy industrial corridor near Colorado Boulevard, with convenient access to Interstate 70 and Interstate 270. The site is approximately 12 minutes from downtown Denver, 12 minutes from Aurora, and 20 minutes from Denver International Airport, positioning it to serve fleet and service operations across the greater Denver metro area. The combination of heavy industrial zoning, a finished and secured yard, and on-site wash and service capabilities made the property an ideal fit for an owner-user looking to establish a turnkey maintenance hub.
Industrial outdoor storage has become one of the more sought-after property types in today’s market, with investors of all sizes paying close attention to secured, well-located sites built for real operational use. Denver’s industrial corridors have felt that same pull, with buyers increasingly drawn to facilities that already have the yard, the wash bay, and the service infrastructure in place rather than raw sites that still need to be built out. Rent growth for these assets has continued to outpace traditional industrial product, and investors increasingly view secured, improved sites as offering long-term stability given how difficult new supply is to bring to market. Limited land availability and increasingly restrictive zoning for truck-intensive uses continue to constrain new development, reinforcing the value of existing, fully entitled sites like 5050 N Ash Street.
“Sites like 5050 Ash are highly sought-after facilities by both institutions and users. Assets like this illustrate how low-coverage industrial outdoor storage spaces, in supply-constrained areas, drive competition between various investor profiles. With the yard, wash bay, and service infrastructure already in place, this property gave the buyer the rare ability to begin operating from day one,” said Garrett Neustrom of Kenai Capital Advisors.
Kenai Capital Advisors is a commercial real estate investment sales and capital markets advisory firm based in Littleton, Colorado. Kenai focuses on industrial, office, multifamily, data center, and retail asset sales and equity capitalization across the Mountain West region. Comprised of industry veterans with over $6.0 billion in transactional volume and 27 million square feet of management experience, Kenai provides strategic, data-driven guidance to help clients maximize investor returns. For more information, visit www.kenaicap.com.
