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Lease Agreement Amended for 4.2-Acre Industrial Storage Property at 4347 Airport Way, Extending Term and Increasing Rent

  • When: 2025/10/27
  • Address: 4347 Airport Way
  • City: Denver
  • State: CO
  • Category: City Properties
  • Subcategory: Property Lease
  • Asset Class: Commercial
  • Property Type: Industrial
  • Size (AC): 4.2 AC

This resolution approves a First Amendment to a Lease Agreement between the City and County of Denver and BL Holdings LLC for property located at 4347 Airport Way. The original lease, approved by Resolution 2025-0690, permitted BL Holdings LLC to use the property for the storage of materials and equipment. The initial term of the original lease was set to expire on December 31, 2025. The First Amendment extends the term of the lease for an additional five (5) years, commencing January 1, 2026, and expiring on December 31, 2030. The amendment also updates the rent schedule, increasing the monthly rent from $2,500 to $3,000 for the first year of the extended term. Subsequent annual increases will be tied to the Consumer Price Index (CPI).

Source

Applicant - BL Holdings LLC


Ownership - City and County of Denver