Dallas, Texas – An investor partnership formed and led by International Capital (IC) acquired a 29,000 SF multi-tenant industrial office/flex property located within close proximity to Denver International Airport. The property’s location within the Airport/Montbello industrial submarket in the city of Aurora boasts excellent access to major transportation arteries such as I-70 and I-225. It lies in the centre of Denver’s largest and most active industrial market and is a most desirable location for warehouse, distribution, manufacturing and logistics oriented companies. The strong demand for small bay industrial office/showroom space, lack of competing product and a buyer’s replacement cost advantage over new development in combination with established tenants at below market rents, made for an intriguing buying opportunity.
The acquisition was financed with a loan by Dallas’ Inwood National Bank, a trusted partner in many of IC led investor partnerships.
Martina Crevecoeur, CCIM, International Capital’s Vice President of Acquisitions/Dispositions represented the buyer whereas Tyler Carner, SVP with CBRE’s Denver industrial division represented the seller.
International Capital, LLC is a boutique real estate advisory firm with over 35 years experience representing more than 100 legal entities in its capacity as asset manager and as property manager. The company handles a portfolio of more than 20 properties in the southwestern United States. Offering a wide range of commercial real estate services, specialties include the acquisition, disposition, management and administration of commercial investment properties. Land and property development, funds conception, mezzanine financing and cash management are also integral parts of the company’s portfolio.