Listed by S.U.R.E., LLC
$4,925,000
MEDICAL OFFICE BUIDING_ GRAND JUNCTION CO 81501-8122
Details
APN 2945-111-35-001
Property Type Office, Special Purpose
Sub Type Medical Office
Square Footage 11,612
Net Rentable (SqFt) 11,612
Units 2
Cap Rate 6.00%
Occupancy 61%
Tenancy Multi
Brand/Tenant USPI
Lease Type NNN
Lease Term 5
Lease Expiration 12/31/2030
Remaining Term 4.5
Class A
Year Built 2004
Year Renovated 2018
Buildings 1
Stories 1
Lot Size (SqFt) 69,570
Zoning Commercial
Parking Spaces 6 per 1,000 sq ft
Lease Commencement 01/01/2026
Ground Lease No
Sale Condition N/A
Incredible Value Add. 6% cap rate on 61% occupancy.
Marketing description
Mixed Use • 11,612 SF Medical Building
NOI of $295,722 with 39% of building vacant
Located in significant medical neighborhood
Investment highlights
7,041 sf leased to Gastro docs, 4,571 sf available.
6% cap rate on the 7,041 sf lease, wonderful value add opportunity
Within a half mile of Intermountain Health_St. Mary's Hospital, regional medical center
New roof installed last year
Vacant space in ready-to-lease condition
Listing Contacts
Listed by S.U.R.E., LLC
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