10963 Leroy Dr Northglenn, CO 80233-3615
- Distribution centers
- 30,000 SF
- 2.07 lot acres
Current Use by Public Records
- Distribution centers
Property Details for 10963 Leroy Dr
- Year built
- 1998
- Lot size
- 2.07 lot acres
- Property size
- 30,000 SF
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Northglenn
- County
- Adams
- State
- Colorado
- Longitude
- -104.964
- Latitude
- 39.8949
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
