10963 Leroy DrNorthglenn, CO 80233

Property Details for 10963 Leroy Dr

Year built

1998

Lot size

2.07 AC

Property size (Sq ft)

30,000 SF

Property type

Industrial properties

Property subtype

Distribution centers

APN

R0116055

APU

R0116055

Description

This exceptional 30,000-square-foot industrial property, situated on a 2.07-acre lot at 10963 Leroy Drive in Northglenn, Colorado, presents a compelling investment opportunity. The property enjoys a prime location off 104th Avenue and Interstate 25, a major thoroughfare with 154,000 vehicles passing daily. Currently fully leased to a long-term tenant (over a decade of occupancy) with a remaining lease term of two years, this asset offers immediate cash flow and significant upside potential. The tenant recently completed substantial capital improvements and signed a lease renewal, demonstrating commitment and stability. The building features a functional layout and specialized, highly desirable building systems. This infill site in a supply-constrained market provides a rare chance to acquire a single-tenant net-leased asset with the potential for near-term rent increases to market rates. The property's irreplaceable location and strong tenant history make it an exceptional investment for those seeking a stable, cash-flowing asset with significant long-term growth prospects. The asking price is $4,500,000.

• Alternative Use

  Use

  Valuation

  Residential

  $8,204,310

  Hospitality

  $7,515,104

  Educational

  $6,252,478

  Medical

  $6,467,510

  Retail

  $9,726,077

Location Insight

City

Northglenn

County

Adams

State

Colorado

Latitude

39.8949

Longitude

-104.964

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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