1050 Wellington Avenue

    Grand Junction, CO 81501
    • $2,500,000
    • STATUS: Active Under Contract
    • ON SITE: 127 days
    • MLS #: 20193260
    Under Contract
    UPDATED: 63 min ago
    $2,500,000
    • 0
      BEDS
    • 1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial

    School Ratings & Info

    Description

    All brick medical buildings built by Shaw Construction in excellent condition in the heart of major medical institutions just minutes from St. Mary's Hospital with great ingress/egress and 44 parking spaces. Major strong single tenant net leased investment. Current tenant primary term was 7 years and has extended lease until October 2024. Year 1 CAP rate is 6.46% with 3% escalations each year starting October 14, 2019. 5th year end CAP will be 7.27%. This is a NNN lease with zero landlord responsibilities.

    Monthly Payment Calculator

    © 2019 Grand Junction MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Christi Reece Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Christi Reece Group. Data last updated 2019-10-17T00:15:25.623 UTC.

    www.christireece.com/homes/95792858

    1050 Wellington Avenue Grand Junction, CO 81501

    • Price: $2,500,000
    • Status: Active Under Contract
    • Updated: 63 min ago
    • MLS #: 20193260
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1
    Acres
    Neighborhood:
    Grand Junction City
    Area:
    Grand Junction City
    Property Description
    All brick medical buildings built by Shaw Construction in excellent condition in the heart of major medical institutions just minutes from St. Mary's Hospital with great ingress/egress and 44 parking spaces. Major strong single tenant net leased investment. Current tenant primary term was 7 years and has extended lease until October 2024. Year 1 CAP rate is 6.46% with 3% escalations each year starting October 14, 2019. 5th year end CAP will be 7.27%. This is a NNN lease with zero landlord responsibilities.
    Exterior Features

    Doc Hi No Lot Size D: 1-1.99 Overhead Doors No

    Interior Features

    Office Misc Total Sqft 9501

    Property Features

    Building Type MedicalOfficeProfessional Leased Yes Rail Frontage No Rail Spur No Type Commercial Investment Zoning Pd

    Listing courtesy of Linda Kramer of Re/Max 4000, Inc.
    © 2019 Grand Junction MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Christi Reece Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Christi Reece Group. Data last updated 2019-10-17T00:15:25.623 UTC.

     
    The Christi Reece Group
    128 N 5th St, Suite 1A
    Grand Junction CO, 81501