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32279114
32279115

5775 E 39th Ave, Denver, CO 80207 For Sale

JS
CO ER.100097333
Centennial Real Estate Partner
Listed by Centennial Real Estate Partner
$4,400,000
75 days on market
Updated 75 days ago
Opportunity zone

5775 E 39th Ave

Details
Property Type Special Purpose
Sub Type Cannabis Cultivation
Square Footage 25,014
Units 1
Cap Rate 11.70%
NOI $516,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 3
Class B
Acreage 0.880
Zoning I-A
Investment Type Net Lease
Ground Lease No
Ownership Fee simple absolute

Special Purpose | 11.70% CAP | 25,014 SqFt

Marketing description

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.

Investment highlights

  • Fully built-out and licensed cannabis grow operation
  • Centrally located in Denver's industrial corridor
  • Immediate access to I-70 and major regional transport routes
  • Strong long-term tenant with secured lease guarantees
  • Stable cash flow with rental escalations built in
  • Offered with guidance at a +11.7% capitalization rate

Listing Contacts

JS
CO ER.100097333
Centennial Real Estate Partner
Listed by Centennial Real Estate Partner

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$516,000.00
$43,000.00/mo

Valuation Metrics

0
DSCR
11.73%
Cap Rate
11.73%
ROI

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Additional Information

Name
John Stefano
License
ER.100097333
Brokerage
Centennial Real Estate Partners
Brokerage Phone
7042647686
Title
Managing Partner
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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