Listing Details
- MLS#: 4607943
- MLS Originator: REcolorado (Denver)
- Property Type: Commercial Sales
- Property Subtype: Industrial
- Status: Active
- Price: $4,500,000
Property Details
- Bedrooms: 0
- Sqft: 30000.00
- Acres: 2.07
- Year Built: 1998
Kenai Capital Advisors (“Kenai”), acting as exclusive advisors for the seller, is pleased to present the opportunity to acquire the fee simple interest in 10963 Leroy Drive, a 30,000 SF industrial property located in Northglenn, Colorado (“Property”). This Property, situated off 104th Avenue and Interstate 25, used by 154,000 cars daily, presents a mark-to-market opportunity for investors with significant potential for rent increases. The Property is currently fully leased to a tenant with 2.0 years of lease term left that has occupied the premises for over a decade. The tenant recently completely capital improvements and signed a renewal, indicating long-term occupancy and ongoing rental income for the next owner. This centrally located infill site offers investors a rare chance to acquire a single tenant net leased asset with specialized and highly desirable building systems along with a functional layout. The recent capital improvements and prime location within a supply-constrained market further enhance the Property’s appeal. This investment offers a unique opportunity to acquire a stable, cash-flowing asset in an irreplaceable location with the near-term ability to adjust rents to market.
More details can be found: https://platform.reverecre.com/project/286f653c-881e-4280-9a38-95b00a9bf4db#overview
Load & Tax Information
- Previous Year Tax: $ 119,331
- Tax Year: 2023
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