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REA
January 24, 2018  

New Denver-Area Warehouse for Sale

A joint venture is shopping a new distribution center in the Denver area that could attract bids of $70 million.The 421,000-square-foot property, in an unincorporated area of Adams County, was completed last year on a speculative basis and is already 95% leased. At the estimated $166/sf valuation, the initial annual yield would be 4-5%. CBRE is representing the owners, Denver developer Westfield Co. and an unidentified equity partner.There are...


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