Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 3855 Quentin Street in Denver, Colorado. The subject property consists of approximately 12,206 square feet of industrial space situated on 0.73 acres of land. The property features a 14' clear height, one grade-level door, and three-phase heavy power with 400 amps. Situated along Interstate 70, the property sits between Denver International Airport (DIA) and downtown Denver, providing convenient access to major transportation routes. The investment opportunity offers a unique chance to acquire a fully occupied, single-tenant industrial asset with an absolute triple-net lease to December 2035 at $11.81 per square foot, generating a 6.57 percent cap rate. Due to the structure of the lease, this sale offers investors an opportunity with no landlord responsibilities. The property is leased to Medpharm Holdings, LLC, doing business as Bud & Mary's, a vertically integrated company that cultivates, manufactures, and distributes medical and adult-use cannabis products. Formed in 2017, Bud &Mary's is owned by the Nelson family that owns and operates global ingredient manufacturer and biotechnology company Kemin Industries, operating in 120 countries. The Denver metropolitan area is a thriving economic hub with a population of over 3 million people, spanning multiple counties and covering a vast area of land. The area has seen an influx of new residents, with population growth driven by the region's strong economy, outdoor recreational opportunities, and high quality of life, making it an attractive location for businesses and individuals alike. Major transportation infrastructure in the area includes Interstate 70, Interstate 25, and Denver Union Station, which provides access to rail and bus transportation, and the city is also investing in planned transportation expansions, including the expansion of the Denver International Airport. The region is home to major industries such as technology, healthcare, and energy, with many corporate headquarters, including companies such as IBM, Oracle, and Lockheed Martin, and key economic anchors, including the University of Colorado and the University of Denver.