4200 Kearney Street
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- Address:
- 4200 Kearney Street, Denver, CO 80216
- Property Type:
- Single Tenant
- Price:
- $4,450,000
- Square Feet:
- 31,137 sqft
- Lot Size:
- 0.92 Acres
- Price Per Square Foot:
- $142.92
- Year Built:
- 1962
-
Marketing Package*
Investment Highlights
Investment Highlights
- Well-Maintained Single-Tenant Industrial Building
- New Roof Being Replaced in Q1 2025
- Subject Property Will Be Delivered Vacant Allowing for an Owner-User or Lease-Up Opportunity
- Building Features 24’ Clear Height, Sprinklers, Permitted Paint Booth, and Dust Collection System
- Flexible Loading Options with Four Dock-High Doors and One Grade-Level Door
- Accessible Location Just Off I-70 Between Downtown Denver and Denver International Airport
- Low Submarket Vacancy of 4.4% Compared to Denver Average of 7% Per CoStar Data
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 4200 Kearney Street in Denver, Colorado, leased by Front Range Cabinets. The subject property consists of approximately 31,137 square feet of warehouse space and is situated on 0.92 acres of land. The single-tenant asset features a clear height of 24’, four dock-high doors, one drive-in door, sprinklers, masonry construction, three-phase heavy power with up to 6,000 amps and 480 volts, 23 parking spaces, and a rail spur. Additionally, the property is equipped with a permitted paint booth and dust collection system, currently used for the production of custom cabinetry. The well-maintained property is scheduled to undergo a roof replacement during the first quarter of 2025. Located just off Interstate 70 in the Quebec Street submarket, the property is easily accessible between Downtown Denver and Denver International Airport. Upon the sale of the property, the tenant will vacate, giving buyers an owner-user or lease-up opportunity.
Quebec Street is a midsize submarket with 11.6 million square feet of industrial space. With 73 percent of its inventory developed prior to the turn of the century, Quebec Street is one of the original industrial hubs in Denver. Given Quebec Street’s proximity to the downtown area, little land is available for industrial development and there have been no industrial properties delivered since 2022. In 2024, net absorption contracted by the most on record at nearly -287,000 square feet. While the vacancy rate increased by 250 basis points, availability remained relatively low at just 4.5 percent, this compares to the overall Denver market at 8.0 percent. At the start of 2025, there were no industrial properties under construction, making rents and vacancies dependent upon demand levels for the foreseeable future (CoStar).
Denver-Aurora-Lakewood metro is home to three million people among 10 counties. Known as the Mile High City, Denver, which is also a county, serves as the state’s capitol and largest city, with approximately 742,800 residents. Metro Denver houses 10 Fortune 500 companies, including Newmont Goldcorp, Arrow Electronics, and DISH Network. Aerospace, financial services, and health care are some of the industries that have driven economic growth in the new millennium. The passage of Amendment 64 in November 2012, created a new industry in marijuana, largely consisting of young thriving businesses. Metro Denver provides a high quality of life with rural and urban amenities. Rocky Mountain National Park is less than two hours driving from the metro area, and the city houses franchises for all four major sports.