Single-tenant net lease warehouse trades in Denver, Colorado
JLL Capital Markets arranged the sale of Saltbox Denver – Park Hill
DENVER, Mar. 7, 2024 – JLL Capital Markets announced today that it arranged the sale of Saltbox Denver – Park Hill, a newly renovated industrial building totaling 101,788 square feet in Denver, Colorado, located just north of the Colorado Blvd. and the I-70 interchange.
Situated at 4800 Dahlia St., Saltbox is a side-loading industrial building that is fully net leased to Saltbox. Saltbox offers digital commerce companies a flexible and tenant-ready office, warehousing and distribution solution to solve some of the most critical challenges e-commerce entrepreneurs face when starting, growing and scaling their businesses. The property sits on 5.5 acres, was built in 1959 and most recently renovated in 2021. Key features include 22-foot clear heights, 14 dock-high doors, two grade-level doors and 144 parking spaces.
Saltbox Denver sits in the heart of the I-70 East Corridor of Denver, an emerging area which has seen unrelenting residential and commercial growth over the last decade driven in part by the growth of the Denver International Airport. Major nearby employers include Denver International Airport, Buckley Air Force Base and Gaylord Rockies Resort.
The JLL Capital Markets team was led by Director Rob Key and Managing Director Larry Thiel.
“4800 Dahlia is a highly functional asset in a location that continues to outperform the market in net absorption and rent growth. The co-warehousing concept of Saltbox has seen steady demand for its space and services, demonstrating the importance of this location from a pure logistics standpoint,” said Key.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.