2590 West 2nd Avenue
Industrial | 6.30% CAP | 40,401 SqFt
Marketing description
Cushman & Wakefield, as exclusive advisor, is pleased to offer the opportunity to acquire 2590 West 2nd Avenue in Denver, Colorado ("the Property"), a multi-tenant flex industrial asset strategically positioned in Denver's Central submarket. Totaling 40,401 square feet across a 2.07-acre site, the Property presents an investor with immediate lease-up upside and long-term rent growth potential in one of Denver's most accessible and supply-constrained infill locations.
Units 24-25 have been newly renovated and are available for immediate occupancy. Offering maximum leasing flexibility, the space can be delivered as two separate units or combined into a single suite totaling 9,273 SF — accommodating a broad range of tenant size requirements and positioning a new owner to set market-rate rents from day one.
The Property is currently leased to a diverse mix of established tenants including Copper State Bolt & Nut Co., Niagara Machine, American Textile Recycling Service, and Thrive Ballet, with lease expirations staggered through 2031. Several tenants are leased at below-market rates, providing additional runway for rental rate appreciation at each rollover.
The building features 14-foot clear heights, 11 dock-high doors, and four drive-in doors, making it well-suited for manufacturing, distribution, and service-oriented users. With direct access to I-25 and 6th Avenue and proximity to the planned new Denver Broncos stadium at Burnham Yards, the Property is well-positioned for continued tenant demand and long-term value creation.
Investment highlights
- VALUE-ADD OPPORTUNITY WITH RENOVATED, NEXT-GENERATION READY SPACE - Units 24-25 (9,273 SF) have been newly renovated and are available for immediate occupancy, presenting an investor with a clear path to NOI growth. Previously combined into a single occupancy, the space has been remodeled with flexibility in mind — it can be delivered as two separate units or maintained as one combined suite, accommodating a broader range of tenant size requirements. Additional upside is embedded across the existing rent roll, where select tenants are leased at rates below current market, creating further runway for rental rate appreciation at each lease rollover.
- STEPS FROM THE NEW DENVER BRONCOS STADIUM AT BURNHAM YARDS - Positioned in Denver's Central submarket with direct access to I-25 and 6th Avenue, the property offers exceptional connectivity throughout the metro area. The property sits near the planned new Denver Broncos stadium at Burnham Yards, enhancing long-term visibility and desirability. Its infill location is highly coveted by manufacturing, distribution, and service-oriented users.
- DIVERSE, MULTI-TENANT RENT ROLL - The property is leased to a mix of established tenants including Copper State Bolt & Nut Co., Niagara Machine, American Textile Recycling Service, and Thrive Ballet, with lease expirations staggered through 2031. This diversified tenancy minimizes rollover risk and provides multiple opportunities to capture rent growth over time.
- HIGH BARRIERS TO ENTRY & RISING REPLACEMENT COSTS - Development in Denver's core industrial submarkets is constrained by land scarcity and rising construction costs. Most available land is being directed toward build-to-suit or bulk distribution projects, leaving few options for tenants seeking existing small-bay warehouse space. This dynamic supports continued rent growth and asset appreciation.
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