10963 Leroy Drive

Northglenn, CO - Denver MSA

Executive Summary
Kenai Capital Advisors (“Kenai”), acting as exclusive advisors for the seller, is pleased to present the opportunity to acquire the fee simple interest in 10963 Leroy Drive, a 30,000 SF industrial property located in Northglenn, Colorado (“Property”). This Property, situated off 104th Avenue & Interstate 25, used by 154,000 cars daily, presents an opportunity to purchase an asset leased to a subsidiary of a globally recognized chemical producer. The Property is currently fully leased to a tenant with 3.0 years of lease term left that has occupied the premises for over a decade. The tenant recently completely capital improvements and signed a renewal, indicating long-term occupancy and ongoing rental income for the next owner. This centrally located infill site offers investors a rare chance to acquire a single tenant net leased asset with specialized and highly desirable building systems along with a functional layout. The recent capital improvements and prime location within a supply-constrained market further enhance the Property’s appeal. This investment offers a unique opportunity to acquire a stable, cashflowing asset in an irreplaceable location.
Global Corporate Backing with Demonstrated Operational Commitment
B&B Blending is a subsidiary of Recochem, one of the world’s largest producers of windshield wash
fluid and a supplier of coolant and antifreeze technology to John Deere, giving this single-tenant
asset the financial backing of a global chemicals platform. Operating from this facility since 2009,
B&B Blending manufactures and distributes vehicle reconditioning, car wash, and industrial cleaning
products nationally, with Northglenn serving as its sole operating location. The tenant’s 16-year
occupancy history and recently executed lease extension through July 2029 reflect the operational
dependency on this purpose-built facility and the stability of the income stream it anchors.
Committed Tenancy with Recent Capital Improvements
B&B Blending has shown consistent commitment to this unique facility since 2009, anchoring its tenancy through recent capital investment. The extensive fire rating & hazardous storage improvements tailored to the tenant’s specific needs not only enhance the property’s value but also ensure the tenant’s long-term commitment to the Property. These upgrades have created a uniquely customized space that significantly reduces the likelihood of tenant turnover that can lead to a stable and continuous rental income stream for years to come. This combination of a dedicated tenant and strategic capital improvements makes this property a standout investment with enduring financial benefits.
Kenai Capital Markets Team
Garrett Neustrom
Director
303-681-5672
Jules Sherwood
Principal
720-744-2701

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