Peak acquired this 214,752 SF multi-tenant industrial warehouse asset in Cheyenne, Wyoming. The property is 98% occupied with a diversified mix of industrial, logistics, warehouse, storage, and office tenants. As leases roll over time, the property offers continued upside through mark-to-market renewals and operational efficiencies in a growing industrial market. Projected NOI is expected to increase over the hold period through occupancy stabilization and rental growth.
Constructed on 22 acres, the facility features 26’ clear heights, 19 drive-in doors, 6 dock doors, 212 parking spaces, and a unique interior drive lane designed to support efficient multi-tenant loading and circulation. The site also includes approximately 10 acres of excess yard space, providing flexibility for outdoor storage, trailer parking, or future tenant expansion.
Located approximately 90 minutes north of Denver along the I-25 and I-80 corridors, Cheyenne continues to emerge as a key regional logistics and distribution hub. Wyoming’s business-friendly tax environment, lower operating costs, and expanding industrial demand along the Front Range position the asset for long-term tenant demand and durable value appreciation.
