STNL Industrial Headquarters

3939 Kearney Street

Tolin Mechanical Headquarters

Building Square Footage:

45,583

Year Built / Renovated:

1959 / 2023 & 2026

Lease Term

10 Years

Lease Type:

NNN

Tenant Type:

Heating, Ventilation, Air Conditioning & Cooling (HVAC)

Executive Summary
Kenai Capital Advisors ("Kenai"), acting as exclusive advisors for the Seller, is pleased to present the opportunity to acquire 3939 Kearney Street, a fully renovated industrial service facility located in Denver, Colorado. The property consists of a 45,583-square-foot full brick masonry building on 2.31 acres, 100% occupied by Tolin Mechanical Systems Company, LLC under a long-term NNN lease running through March 31, 2036. Originally constructed in 1959 and comprehensively renovated in 2023 & 2026, the facility serves as Tolin's corporate headquarters, housing the company's sales, estimating, training, project management, and administrative operations alongside parts distribution, equipment storage, and maintenance functions.

Tolin Mechanical Systems has served the Denver market continuously since 1948 and operates as a member of the Service Logic family of companies - the largest privately held commercial HVAC and mechanical services platform in North America. In December 2025, Bain Capital completed its acquisition of Service Logic in a $3.1 billion co-investment transaction alongside Mubadala Investment Company, Abu Dhabi's sovereign wealth fund. The combined capital commitment by the landlord and tenant in the property exceeds $3.9 million, reflecting the depth of operational alignment between the tenant and this specific location. The property is offered as a stabilized, NNN-leased investment with contractual annual rent escalations, zero near-term capital requirements, and a 20-year roof warranty, providing investors with a clearly defined income profile through the lease term.
Investment Highlights
  • Established Regional HVAC Tenant With National Platform Backing

  • Demonstrated Tenant and Landlord Capital Commitment Totaling $3.9 Million

  • 10 Year NNN Lease with Contractual Annual Escalations and Zero Near-Term Capital Requirements

  • Irreplaceable Infill Denver Location with Multi-Directional Metro Access

  • Functional Distribution and Dispatch Hub Supporting Full Regional Operations

  • Significant Discount to Replacement Cost
Kenai Capital Markets Team
Garrett Neustrom
Director
303-681-5672
Jules Sherwood
Principal
720-744-2701

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