Denver-area real estate sales of commercial center, student housing total nearly $58M

DocuVault, a records management company, has bought the West Sixth Commerce Center in Lakewood for $17.8 million.

Gart Properties/Elkco Properties, represented by Stream Realty Partners, sold the 154,950-square-foot building at 11111 W. Sixth Ave. DocuVault will use 52,877 square feet and lease the rest of the building, Stream Realty said in a statement.

The property has historically been marketed to and leased by retail businesses. Stream Realty said it was hired to target industrial users for the space. The deal was completed in four months.

“With sub-three percent vacancy and strong owner/user demand in the West submarket, we were confident that industrial users would be attracted to West Sixth Commerce Center,” said Buzz Miller, Stream Realty senior associate.

The property is in an enterprise zone and is adjacent to U.S. 6. DocuVault was represented by Citywide Commercial Properties and Lincoln Property Company.

Read More:Denver-area real estate sales of commercial center, student housing total nearly $58M

2021-10-13 08:00:41

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