Overview
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire 1400 & 1420 Overlook Drive and 2590 West 2nd Avenue / 120 Bryant Street (the “Portfolio”). This 69,201 SF flex industrial portfolio comprises two high-quality assets located in Denver and Boulder County, Colorado. Both properties are 100% leased, offering a 3.2 year WALT with below-market rents and near-term upside potential.
1400 & 1420 Overlook Drive in Lafayette is a 28,800 SF single-tenant office/warehouse property occupied by Probi USA, Inc., a global probiotic manufacturer. The buildings offer 14’–18’ clear heights, 10 drive-in doors, and lab/manufacturing build-out. Probi has been in place for over a decade and recently extended its lease for five years with 3.5% annual escalations, reinforcing its long-term commitment.
2590 West 2nd Avenue / 120 Bryant Street in Denver totals 40,401 SF across a 2.07-acre site. The multi-tenant flex building features 14' clear heights, dock-high and drive-in loading, and excellent access to I-25 and 6th Avenue. It is fully leased to a diverse tenant mix including Copper State Bolt & Nut, Colorado Cleanup Services, and Thrive Ballet, catering to a broad range of users.
Investment Highlights
100% Leased With Diversified Rent Roll 1400 & 1420 Overlook Drive and 2590 West 2nd Avenue / 120 Bryant Street are 100% leased to seven tenants with 3.2 years of WALT. The portfolio offers strong rent growth potential, with staggered expirations creating opportunities to capture market-rate increases over time. Both assets are in high demand submarkets, well positioned for long-term value creation.
Stable Market Fundamentals Remain Stable with Steady Tenant Demand Although tenant demand has moderated slightly, Denver’s industrial market remains stable. Vacancy rates are in line with historical norms, and rents continue to rise across key submarkets. The city’s strategic location as a Mountain West logistics hub, paired with limited supply, supports continued strength and investor confidence.
Positioned for Future Demand Recovery Denver’s industrial sector is poised to benefit from e-commerce expansion, population growth, and supply chain realignment. As demand normalizes, the Portfolio is positioned to capture upside through future lease-up and rent escalations on renewals.
Strategic Locations Located minutes from downtown Denver and major highways, the properties offer excellent regional access. Proximity to the planned Denver Broncos stadium at Burnham Yards enhances visibility and long-term desirability. These strategic locations are coveted by manufacturing, distribution and service oriented industrial users, especially given the high barriers to entry for new development.
High Barriers to Entry & Rising Replacement Costs Limited land availability and escalating construction costs constrain new industrial development in Denver’s core. Most sites target build-to-suit or bulk distribution projects, leaving few options for small-bay tenants. This dynamic supporting continued rent growth and asset appreciation.
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