Property Leased to Beacon Roofing includes 3.60 Acre Storage Yard and 36,852 SF Building
SCHAUMBURG, IL (April 28, 2022)—Industrial Outdoor Ventures (IOV) has completed the purchase of 4343 Holly Street, a fully-leased, low-coverage industrial service facility (ISF) that is centrally located in the Denver metro area. This represents IOV’s second acquisition in the Denver area in 2022 and its eighth overall.
Financial terms of the transaction were not disclosed. The Seller was The Diner Group LLP.
“We remain bullish on the Denver metro marketplace and continue to look for opportunities like 4343 Holly Street to build scale there as well as in other strategic markets across the U.S.,” said Anthony DeLaurentis, Acquisitions Officer, Industrial Outdoor Ventures. “We continue to see strong demand throughout all of Denver with no signs of growth slowing down.”
The ISF property at 4343 Holly Street includes a 36,852-square-foot building and 3.60 acres of land. The building was developed in 1957 and renovated in 2010. The asset is located northeast of downtown, immediately south of I-70, east of I-25 and just west of the intersection of Interstates 70 and 270.
Beacon Roofing Supply, Inc. occupies the entire premises on a net lease basis. The company distributes residential and non-residential roofing materials throughout the U.S. and Canada. In addition to roofing materials, Beacon offers complementary building materials, including siding, windows, specialty lumber products, and waterproofing systems for residential and non-residential building exteriors.
Additional features of the property include a fully-paved and fenced yard with rail access. The building features a new roof and an upgraded sprinkler system.
Jules Sherwood & Garrett Neustrom with Kenai Capital Advisors represented IOV and the seller in the transaction.
Approximately 60 days ago IOV acquired the ISF at 9180 Boston Street in Commerce City, less than three miles from I-70, and one mile from Highway 4. The 14.04-acre asset consists of a fully-fenced surface yard area. It also features extensive lighting and is fully landscaped.
Additional features of the property include parking for up to 423 trailers, rail service adjacent to the site and a tremendous in-fill location. These features make it ideally suited for truck parking, a laydown yard, material storage or an equipment sales and rental operation.
ERIC JOHNSON
Senior Vice President, Development & Acquisitions
Phone: 312.898.2978
Email: eric@iovre.com
ANTHONY DELAURENTIS
Acquisitions Officer
Phone: 847.595.0263
Email: anthony@iovre.com