Arvada CO Industrial
6100 West 54th Avenue, Arvada, CO
The Denver economy continues to expand at a brisk pace after being one of the first markets to recover from the Great Recession. Diversified job growth, infrastructure investment and strong in-migration of both millennials and baby boomers are fueling the next phase of growth. The property offers good access to major regional highways I-76 and I-70 via Wadsworth (Hwy 121) and Sheridan Blvd. The building is newer construction, tilt up product and highly functional with sprinklers and dock and drive in loading. In addition to a valuable fenced lot, the site offers tenants excess space for vehicle / truck parking and storage with a current FAR of 20%. There is potential to utilize portions of vacant land for additional outside storage. Limited new construction in the submarket provides tenants few options - thereby allowing ownership to increase rental revenue and achieve favorable terms. The West submarket vacancy rate of 4.2% is 160 basis points below the market average.