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700 BELFORD AVE 3RD FLOOR Grand Junction CO 81501-3171

[Locked] • APN 2945-141-02-018

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Details
Property Type Mixed Use, Office (+1)
Sub Type Executive Office, Medical Office (+1)
Building SqFt 19,870
Lot SqFt 25,615
Acreage ******
Number of Units 6
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code MU-2
Year Built 2004
Building Count 1
Opportunity Zone Yes
Lease Type ******
Mortgage Amount ******
Mortgage Term ******

Property History

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Property Type
Property Type
Office
Property Subtype
Executive Office, Traditional Office
Marketing Description

This exceptional turnkey investment opportunity features a well-maintained, multi-tenant office property with stable occupancy and long-term lease commitments from established tenants. The property is anchored by a strong tenant base, including an anchor tenant that recently renewed for an additional five-year term. The building also includes a government tenant with approximately seven years remaining on its lease, providing reliable long-term income. The on-site dental practice is scheduled to renew in 2026 for an additional five-year term, while the remaining two tenants have approximately one and two years remaining on their respective leases, presenting opportunities for future rent adjustments. All current leases include annual rental escalations, with the government lease incorporating CPI-based increases in addition to standard annual escalators, offering built-in income growth. Notably, there are no fixed renewal rates, allowing ownership to adjust rents to market levels at renewal. The property also includes approximately 2,600 SF of third-floor office space currently being marketed for lease. This space is guaranteed to be paid for by the anchor tenant through January 2027, or until a new lease is executed, providing additional income security while the space is actively marketed. The building is in excellent condition and has been meticulously maintained. The current owner is willing to continue managing the property for a minimal fee, with management terms negotiable for a smooth transition to new ownership. Strategically located near downtown Grand Junction between Main Street and North Avenue, the property benefits from convenient access to major corridors and strong surrounding amenities. The site provides over 30 common-area parking spaces, along with approximately 20 covered parking spaces, offering ample parking for tenants and visitors. Tenants report high satisfaction with both the property and its location, reflecting the building’s strong operational history and quality management. The 2026 Net Operating Income (NOI) is $310,995 supported by annual lease escalations and future opportunities to increase rents at renewal. Offered at a 7.68 % capitalization rate, this property represents a stable, income-producing investment with built-in growth potential in a highly desirable Grand Junction location.

Investment Highlights

100% Leased

7.68% CR

Stable Tenants

New Lease by anchor tennat signed in March 2026

Anchor Tenant, Government Tenant, and Dentist on long term leases

Other two Tenants leases are up in 2 years with no renewal options ( opp. to raise rents)

Annual escalators on all tenants

Building is in execellent condition

Sale Date
******
Sold Price
******
Buyer Borrower 1 Corp Indicator
******
Buyer Borrower 1 Name
******
Buyer Borrower 1 Relationship Type
******
Mortgage Recording Date
******
Mortgage Maturity Date
******
Mortgage Term
******
Document Number
******
Document Type
******
Mortgage Interest Rate
******
Mortgage Loan Type
******
Mortgage Lender Name
******
Loan Amount
******
Mortgage Document Date
******
Mortgage Document Number
******
Mortgage Estimated Interest Rate Indicator
******
Resale Flag
******
Mortgage First Change Date Year
******
Sales Price Code
******
Seller 1 Corp Indicator
******
Transaction Type
******
Mortgage Loan Trans Type
******
Seller 1 Name
******
Transfer Tax
******
Sold By
******
Sold To
******
Property Type
Property Type
Office
Property Subtype
Executive Office
Asking Details
Asking Cap Rate
******
Marketing Description
Perfect 1031 investment. Low maintenance property easy to manage from a distance. Rare Class A office space with

high end security system and high visibility in the heart of Grand Junction! This construction never gets outdated.

Impressive building with 54 off street parking spaces (21 secured underground & 33 off street in private parking lot).​ 3 secure accesses

and elevator.​ Loads of windows, natural light and views from every floor! 4 solid, long term tenants willing to sign

long term leases.​ 2nd floor currently for lease due to covid related work flow changes.​ Building owner is one tenant and will guarantee

rents until 2nd floor is leased.​ 7th Street signage.​ Fully ADA accessible.​ Well maintained.​ 8+% NET CAP AT LIST PRICE

Investment Highlights

  • current owner will lease back long term
  • corporate tenant
  • 8+% cap at list price
  • 2nd floor rental vacancy that current owner will cover until re-leased
  • Central Location, easy access, high visiblility
  • easy to manage from a distance - 4 long term tenants

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Sold on
 BY:
JK
Jan Kimbrough Miller PRO
•••.•••.5508
•••.•••••••••••ller@•••••••••••.com
Brokerage logo
Listing removed on
 BY:
BP
Becca Posner, CCIM PRO
•••.•••.2281
•ecca@••••••.••••••ties
Brokerage logo

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