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$4,500,000
10963 Leroy DR Northglenn, CO 80233
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$4,500,000
Est. payment /mo
2.07 Acres Lot
UPDATED:
07/23/2024 09:50 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4607943
HOA Y/N No
Originating Board recolorado
Year Built 1998
Annual Tax Amount $119,331
Tax Year 2023
Lot Size 2.070 Acres
Acres 2.07
Property Description
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 & 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
More details can be found: https://platform.reverecre.com/project/286f653c-881e-4280-9a38-95b00a9bf4db#overview
Location
State CO
County Adams
Zoning IN, Industrial
Interior
Fireplace N
Exterior
Garage Asphalt, Concrete
Utilities Available Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
Total Parking Spaces 58
Garage No
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Conventional, Price TBD
Listing Terms Cash, Conventional, Price TBD
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Kenai Capital Advisors LLC • jsherwood@kenaicap.com,303-242-7709
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Lanny Adleman
Broker Associate | License ID: FA.100100183
Broker Associate License ID: FA.100100183