An undeveloped lot in Denver’s Baker neighborhood has sold and a self-storage facility is planned.
Denver-based VanWest Partners paid $2.85 million last week, according to public records, to buy the 39 S. Kalamath St. and 10 S. Lipan St. parcels from Glendale-based Westside Investment Partners.
The site is 0.76 acres, making the deal worth $86 a square foot.
VanWest leadership did not respond to requests for comment this week. But plans on file with the city show the company plans to build a five-story, 90,0000-square-foot self-storage building.
Seller Westside purchased the lot as part of a larger $16.5 million deal in 2019. That deal also included a warehouse spanning an entire city block at 50 S. Kalamath St., as well as another undeveloped parcel at 101 S. Santa Fe Drive.
Westside demolished the warehouse, got the 50 S. Kalamath lot rezoned and sold it to Houston-based Camden Property Trust in 2021 for $23.5 million. Camden plans to build an apartment complex on the site but has yet to break ground.
At the time of the 2019 purchase, Westside founder Andy Klein told BusinessDen he planned to construct an office building for Westside on the 39 S. Kalamath and 10 S. Lipan site. He said this week that he ultimately determined it would “make a better storage site.”
Klein said Westside is interested in building affordable housing on the 0.72-acre 101 S. Santa Fe lot, which the firm still owns.