5775 E 39th Ave - Manufacturing FOR SALE


Denver, CO 80207- Park Hill
$4,700,000 USD
704-264-7686
5775 E 39th Ave, Denver, CO for Sale
$4,700,000 USD
Manufacturing - FOR SALE
1/7
null | 11% Cap Rate

5775 E 39th Ave
Denver, CO 80207
Park Hill


OVERVIEW

NNN Lease cannabis income property for +11% (w/ escalations) blended cap rate over 3 years. $516,000/year current income. 3 years left on lease with 1 termination option. Tenant has occupied property for 9 years. A 25,014 square foot industrial building on .88 acres, fully converted into a licensed cannabis cultivation facility. Situated in the Park Hill neighborhood of Denver, the property benefits from a prime central location — just ½ mile from Interstate 70, providing direct access east toward Kansas City and St. Louis, and west toward Las Vegas and Salt Lake City. Located less than one mile from Denver’s Central Business District, the property is among the most centrally located industrial properties in the City of Denver, offering unmatched logistical and access advantages

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

11%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mile High Ind Park

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

3

DRIVE INS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.88

LAND SF

38,163

ZONING

I1, Denver

APN/PARCEL ID

1203-00-100

ASK ABOUT THIS PROPERTY

John StefanoCentennial Real Estate Partners LLCMore Info
704-264-7686

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John StefanoCentennial Real Estate Partners LLCMore Info
704-264-7686

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.