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Mile High Ind Park 5775 E 39th Ave 25,000 SF Industrial Building Denver, CO 80207 $4,400,000 ($176/SF) 11.70% Cap Rate



Investment Highlights
- Investment Sale
- High Yield Returns
- Cannabis Lease Income - Fully Licensed
Executive Summary
Offering a 25,014-square-foot industrial facility on 0.88 acres, fully converted into a licensed cannabis cultivation property.
Located in Denver’s Park Hill neighborhood, the asset benefits from a highly central infill location—just ½ mile from Interstate 70, providing immediate access to a primary logistics corridor. The property is also less than one mile from the Central Business District, making it one of the most strategically positioned industrial assets in the city.
The property is offered with attractive in-place cash flow from a stabilized cannabis cultivation tenant. The tenant has over nine years of operating history, supported by strong financial performance (P&L and personal financials available upon request).
Ownership is open to lease extension discussions, with the tenant willing to extend the term five years or longer, subject to mutually agreed rent adjustments—providing investors with both income stability and mark-to-market upside.
The offering presents a compelling return profile, including:
11.7% cap rate
13.7% cash-on-cash return
Seller financing is negotiable. Co-broker and referral participation starting at $50,000+, negotiable.
Please contact the listing broker for additional information and to discuss the opportunity.
Located in Denver’s Park Hill neighborhood, the asset benefits from a highly central infill location—just ½ mile from Interstate 70, providing immediate access to a primary logistics corridor. The property is also less than one mile from the Central Business District, making it one of the most strategically positioned industrial assets in the city.
The property is offered with attractive in-place cash flow from a stabilized cannabis cultivation tenant. The tenant has over nine years of operating history, supported by strong financial performance (P&L and personal financials available upon request).
Ownership is open to lease extension discussions, with the tenant willing to extend the term five years or longer, subject to mutually agreed rent adjustments—providing investors with both income stability and mark-to-market upside.
The offering presents a compelling return profile, including:
11.7% cap rate
13.7% cash-on-cash return
Seller financing is negotiable. Co-broker and referral participation starting at $50,000+, negotiable.
Please contact the listing broker for additional information and to discuss the opportunity.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $4,400,000 | Rentable Building Area | 25,000 SF |
| Price Per SF | $176 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1950 |
| Cap Rate | 11.70% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.4/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 18’ |
| Building Class | C | No. Dock-High Doors/Loading | 3 |
| Lot Size | 0.88 AC | Opportunity Zone |
Yes
|
| Zoning | I1, Denver - Industrial | ||
| Price | $4,400,000 |
| Price Per SF | $176 |
| Sale Type | Investment |
| Cap Rate | 11.70% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.88 AC |
| Rentable Building Area | 25,000 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Tenancy | Single |
| Parking Ratio | 0.4/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 3 |
| Opportunity Zone |
Yes |
| Zoning | I1, Denver - Industrial |
Amenities
- Fenced Lot
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Jet Black Enterprises LLC
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Jet Black Enterprises LLC | Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 1203-00-100 | Improvements Assessment | $154,550 |
| Land Assessment | $154,550 | Total Assessment | $938,250 |
Property Taxes
Parcel Number
1203-00-100
Land Assessment
$154,550
Improvements Assessment
$154,550
Total Assessment
$938,250
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Mile High Ind Park | 5775 E 39th Ave
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