Flywheel Capital acquires 2 industrial warehouse properties outside

Flywheel Capital, a Denver-based vertically integrated commercial real estate investment, property management and asset development firm, has acquired two industrial properties: 4970 Cook St. in Denver and 5790 Dahlia St. in Commerce City. The acquisitions are intended to strategically expand Flywheel Capital’s Industrial Outdoor Storage (IOS) capabilities in its portfolio in line with growing demand for IOS properties in key locations.

“IOS has become a prime target for us, particularly in the highly desirable locations that populate Metro Denver,” said John Fefley, Managing Director of Flywheel. “The acquisition of these two properties strategically expands our footprint and strengthens our ability to serve the growing demand for flexible warehouse solutions. Ideally located to meet tenant needs, they offer fenced-in yard and outdoor storage space, excellent accessibility and the flexibility to accommodate a wide range of uses.”

Flywheel Capital represented itself in the acquisition, while Newmark brokers Mike Viehmann, Mike Wafer and Mike Wafer, Jr. represented the seller.

Sitting on 2.47 acres, 4970 Cook St is a 20,000 square foot, single tenant net leased industrial property ideally located in an Opportunity Zone with excellent access to major highways (I-70, I-270). The property offers gated, secure storage for companies with large storage needs and is currently leased to Goodyear Tire and Rubber. The property has served as their base of operations since 1998.

Located in Commerce City, 5790 Dahlia St is a 7,000 square foot property built on 2.11 acres. The property offers both excellent visibility from I-270 and exceptional access along Vasquez Blvd. In November 2023, TransWood Carriers, a leading mass transportation company with over 40 locations nationwide, recently signed a long-term lease for the property.

These acquisitions mark Flywheel Capital’s second IOS-focused transaction in the past year. The firm’s total assets now exceed $360 million, encompassing more than 1.5 million square feet of office, industrial, multifamily properties, and ongoing and upcoming development projects.