$1,389,000

321 Rood Avenue

Grand Junction CO, 81501

Description

Turn-key downtown office investment property reflecting a 9.4% cap rate on current income. 5 year lease is in place with anchor tenant that accounts for appx 38% income. Good tenant mix with appx 9 separate medical/office users, and many long-term tenants in the building. Units lease quick when available, good upside w/ rents & unimproved space.

Details

MLS#20201718
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site80

Features

SQ Feet13,770
Story(s)0
ZoningB-2

Market Activity 81501

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Area Information

StateCO
CityGrand Junction
Zip Code81501
AreaGrand Junction City
Listing VS Median (in 81501)
Price:
$1,389,000
low | high
Med:
$9,393
100% of Average
SqFt:
13,770
low | high
Med:
7,864
92.890341321714% of Average
$ / SqFt:
$101
low | high
Med:
$1
100% of Average
On Site:
80
low | high
Med:
334.5
23.916292974589% of Average
Listing Updated: 06/28/2020
KYLE SERRANO LogoMLS Number: 20201718
Listing Provided By:
KYLE SERRANO  of  BRAY COMMERCIAL

MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Grand Junction Area REALTOR Association MLS.