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Investment Highlights

  • Priced Significantly Below Replacement Cost
  • Highly Specialized Improvements with Functional Layout
  • Committed Tenancy With Recent Capital Improvements
  • Prime Legacy Location

Executive Summary

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 an opportunity to purchase an asset leased to a subsidiary of a globally recognized chemical producer. The Property is currently fully leased to a tenant with 3.0 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, cashflowing asset in an irreplaceable location.

Property Facts

Sale Type Investment NNN
Cap Rate 9.67%
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Truck Terminal
  • Industrial Warehouse
Building Class B
Lot Size 2.07 AC
Rentable Building Area 30,000 SF
No. Stories 1
Year Built 1998
Tenancy Single
Parking Ratio 1.93/1,000 SF
Clear Ceiling Height 21’
No. Dock-High Doors/Loading 6
No. Drive In / Grade-Level Doors 2
Zoning IN, I-2 - IN, I-2

Amenities

  • Floor Drains
  • Security System
  • Storage Space
  • Fiber Optic Internet
  • Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
1719-11-1-02-051
Land Assessment
$39,410
Improvements Assessment
$1,183,170
Total Assessment
$1,222,580
  • Listing ID: 41094718

  • Date on Market: 6/29/2026

  • Last Updated:

  • Address: 10963 Leroy Dr, Northglenn, CO 80233

Contact the Sale Advisor

10963 Leroy Dr

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