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Mile High Ind Park 5775 E 39th Ave 25,014 SF Industrial Building Denver, CO 80207 $6,471,383 CAD ($258.71 CAD/SF) 11% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Tenant P&L & Personal Guarantee
- Excellent access to I-70 & City
- Fully built out Cannabis Grow Op
- NNN Lease
EXECUTIVE SUMMARY
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. The tenant is showing strong YTD financials, with nearly $1 million in net profit and solid personal guarantees supporting the lease.
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
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
PROPERTY FACTS
| Price | $6,471,383 CAD | Rentable Building Area | 25,014 SF |
| Price Per SF | $258.71 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1950 |
| Cap Rate | 11% | 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 | $6,471,383 CAD |
| Price Per SF | $258.71 CAD |
| Sale Type | Investment |
| Cap Rate | 11% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.88 AC |
| Rentable Building Area | 25,014 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
- -
- -
- -
- Live Green Consulting LLC
- Agriculture, Forestry, Fishing and Hunting
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Jet Black Enterprises LLC | Services | - | - | - | ||
| Live Green Consulting LLC | Agriculture, Forestry, Fishing and Hunting | - | - | - |
PROPERTY TAXES
| Parcel Number | 1203-00-100 | Improvements Assessment | $1,035,132 CAD |
| Land Assessment | $208,365 CAD | Total Assessment | $1,243,497 CAD |
PROPERTY TAXES
Parcel Number
1203-00-100
Land Assessment
$208,365 CAD
Improvements Assessment
$1,035,132 CAD
Total Assessment
$1,243,497 CAD
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Mile High Ind Park | 5775 E 39th Ave
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