DENVER, Colorado, Aug. 25, 2022 (GLOBE NEWSWIRE) — Nicola Wealth Real Estate (NWRE) has acquired 3751 Fraser Street in Aurora, Colorado. It is located on an established industrial node 13 miles east of downtown Denver. The transaction was brokered by Cushman Wakefield’s Tyler Smith and his team, extending NWRE’s presence to his seven properties in the market.
This 6.7-acre site is located in an established industrial node known as the Airport Submarket, a 24,844-square-foot structure with ample yard space to support its current use as an Industrial Outdoor Storage (IOS) facility. contains The property offers options to lease as an infill IOS facility or offer future redevelopment of a modern industrial distribution building.
Matthew Schaefers, Director of Acquisitions at Nicola Wealth Real Estate, emphasizes: “There is a shortage of well-located IOS facilities with poor site coverage. We see excellent demand from tenants in markets like Denver. , given the property’s location in a mature industrial hub, close to downtown Denver and the airport, we are excited about the potential development of the site into future modern industrial buildings,” said Schaefer. Zu adds.
NWRE continues to grow in key U.S. markets such as Las Vegas, Phoenix, Denver, Dallas-Fort Worth, San Francisco, Minneapolis and Seattle, with a focus on revenue-generating property acquisitions and build-to-own development and value execution. I’m putting Add strategy.
For more information on the Nicola Wealth Real Estate Fund, please visit: realestate.nicolawealth.com
About Nicola Wells Real Estate
Nicola Wealth Real Estate (NWRE) is Nicola Wealth’s in-house real estate team. Nicola Wealth is a leading Canadian financial planning and investment firm with $12.3 billion (CAD) of assets under management (AUM). With an experienced and innovative team, NWRE sources a portfolio of real estate across multiple asset classes including industrial, multi-family rentals, offices, self-storage, retail and seniors in key North American markets. and manage assets. housing. His NWRE portfolio currently exceeds $8 billion in total asset value.
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