Industrial Property for Sale in Westminster, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Westminster, CO 80030
  • Year built: 1997

Description

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 3351 West 71st Place in Westminster, Colorado. The subject property consists of approximately 10,000 square feet of industrial storage space and is situated on 0.60 acres of land. The two-building asset features 29 units, ranging from 250 to 500 square feet, each equipped with a 14’ grade-level door. Constructed of metal, the property has a clear height of 16’. Located just off North Federal Boulevard, eight miles north of Downtown Denver, the property has proximity to Interstates 76, 70, and 25. At 95 percent occupied on short-term leases with below-market rents, this sale offers investors a value-add opportunity. The subject property is situated within the mid-sized Northwest Denver submarket, containing 18.3 million square feet of industrial space. In the 12 months through Q2 2025, net absorption remained in positive territory at nearly 359,000 square feet. During this time, net deliveries in Northwest Denver added 1.2 million square feet of industrial space to the inventory. As a result, the vacancy rate increased year-over-year from 8.1 percent to 12.0 percent in Q2. However, among comparable properties up to 10,000 square feet, the vacancy rates stood at only 2.8 percent. The general increase in availability across Northwest Denver helped to push annual rent growth into negative territory at -0.1 percent in Q2 as the average market rent dipped by seven cents on the quarter to about $12.50 per square foot. With only about 75,000 square feet of industrial space in the pipeline in Northwest Denver during Q3, new supply will have a smaller impact on vacancies and rents going forward (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 New

Market Context

This industrial in Westminster, CO is listed for sale. It is offered at an approximate 8.8% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1997. It has been on the market for 68 days. Compare it against other industrial listings for sale in Westminster, CO — <a href="/search/sale/industrial/colorado/westminster">view the full market</a>.

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