321 Rood Avenue

    Grand Junction, CO 81501
    • $1,300,000
    • STATUS: Active Under Contract
    • ON SITE: 56 days
    • MLS #: 20190362
    Under Contract
    UPDATED: 12 min ago
    $1,300,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial

    School Ratings & Info

    Description

    Great downtown office investment that produces strong cash flow. Anchor tenant that occupies over 40% of the space will sign a long-term lease prior to closing. Currently 8 other tenants w/ various lease terms, including 1,000 SF of unfinished office space that could be leased out. Units lease out quickly when vacancies arrive. Recently remodeled and includes full solar that was installed in 2013 and has value of over $350,000. Parking available on the side and in the back of the building. 10% cap rate at current performance

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    © 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. Data last updated 3/26/2019.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 2019-03-26T16:15:36.807.

    www.christireece.com/homes/91250437

    321 Rood Avenue Grand Junction, CO 81501

    • Price: $1,300,000
    • Status: Active Under Contract
    • Updated: 12 min ago
    • MLS #: 20190362
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    Neighborhood:
    Grand Junction City
    Area:
    Grand Junction City
    Property Description
    Great downtown office investment that produces strong cash flow. Anchor tenant that occupies over 40% of the space will sign a long-term lease prior to closing. Currently 8 other tenants w/ various lease terms, including 1,000 SF of unfinished office space that could be leased out. Units lease out quickly when vacancies arrive. Recently remodeled and includes full solar that was installed in 2013 and has value of over $350,000. Parking available on the side and in the back of the building. 10% cap rate at current performance
    Exterior Features

    Doc Hi No Lot Size B: 0.25-0.49 Overhead Doors No

    Interior Features

    Office Misc Total Sqft 45770 Warehouse Total Sqft 1000

    Property Features

    Building Type MedicalOfficeOther-See RemarksProfessionalRestaurantRestaurant/BarRetail Leased Yes NOI 110000 Rail Frontage No Rail Spur No Type Commercial Investment Zoning B-2

    Listing courtesy of Kyle Serrano of Bray/Commercial.
    © 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. Data last updated 3/26/2019.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 2019-03-26T16:15:36.807.

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