Single-Tenant Industrial
3855 N Quentin St, Denver, CO 80239
For Sale
$2,196,000
An absolute NNN lease runs through December 2035, with the property occupied by one tenant.
Property Size12,206 SF
Lot Size0.73 Acres
Price / SF$179.91
Days on Market48
Property Features for 3855 N Quentin St
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Warehouse & Industrial
Clear Height
Drive-In Doors
Power
Three-Phase Power
Heavy Power
Additional Details
Cap Rate
Amenities
Occupied Single-Tenant 12,206-Square-Foot Industrial Asset Situated on 0.73 Acres of Land
Delivered in 2014, Featuring 14' Clear Height, One Grade-Level Door, and Three-Phase Heavy Power with 400a
Absolute Triple-Net Lease to December 2035 at $11.81/SF, Generating 6.57% Cap Rate | Lease Structure Provides No Landlord Responsibilities
Leased to MedPharmHoldings (Bud & Mary's), Multi-State Vertically Integrated Cannabis Research and Development Company with Family Ties to Global Producer Kemin Industries
Property is Currently Used As Laboratory Space for Research and Development Purposes
Located Along I-70 Between Denver International Airport and Downtown Denver
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Alyssa Tomback
(303) 328-2016
Source:
Marcusmillichap
Added: Sep 26
Changed: Nov 6
Last Checked: Nov 12 at 4:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Denver
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Investment Insights
Based on property information with market context.
The 12,206-square-foot industrial warehouse was built in 2014 on 0.73 acres. Building features include 14-foot clear height, one grade-level door, and 400-amp, three-phase power. Medpharm Holdings, LLC, doing business as Bud & Mary's, occupies the property under an absolute NNN lease through December 2035. The reported cap rate is 6.57%; lease-rate figures are not included.
At 3855 N Quentin St in Denver, the property is situated along Interstate 70, between Denver International Airport and downtown Denver.
At 3855 N Quentin St in Denver, the property is situated along Interstate 70, between Denver International Airport and downtown Denver.
Key Highlights
- 12,206 square feet on 0.73 acres
- Absolute NNN lease through December 2035; reported cap rate of 6.57%
- 14‑foot clear height and one grade‑level door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,897
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,677,940
$2.7M
Cap Rate 7%
$1,912,814
$1.9M
Cap Rate 9%
$1,487,744
$1.5M
Market Conditions
NOI Build-Up for 12,206 SF
Gross rent
$171.4K $14.04/SF
− Vacancy
−$13.8K −$1.13/SF
EGI
$157.5K $12.91/SF
− OpEx
−$23.6K −$1.94/SF
NOI
$133.9K $10.97/SF
Area
ZIP 80239
Vacancy
8.08%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,677,940
Cap Rate 7%
$1,912,814
Cap Rate 9%
$1,487,744
Alternative Uses
Best Use
Warehouse
$1.91M
$1.67M – $2.23M
NOI $133,897 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.93M
$3.44M – $4.58M
NOI $274,907 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
100%
Occupancy
Single-tenant
Tenancy
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,273
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80239, CO
46,177
Population
13,892
Households
3.3
Avg Household Size
30
Median Age
18%
College-Educated
76%
High-School Grad
10.3 sq mi
ZIP Area
4,483
Density / Sq Mi
$86,661
Median Household Income
$41,106
Median Earnings
$1,903
Median Rent
$394,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Warehouses in Denver, CO
Properties on Market for Warehouses in Denver
Vacancy Rate% for Industrial in Denver, CO
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Frequently Asked Questions
What type of property is this?
Warehouse - An absolute NNN lease runs through December 2035, with the property occupied by one tenant.
Where is this warehouse located?
The property is located at 3855 N Quentin St Denver, CO.
What is the asking price?
The asking price for this property is $2,196,000.
What are key features of this property?
This property features: 12,206 square feet on 0.73 acres; Absolute NNN lease through December 2035; reported cap rate of 6.57%; 14‑foot clear height and one grade‑level door
