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34309636
34309651

2940 I-70 Business Loop, Grand Junction, CO 81504 For Sale

BB
CO FA40038007
Bray Real Estate
Listed by Bray Real Estate
$1,485,000
7 days on market
Updated 1 day ago
Opportunity zone

2940 I-70 Business Loop

Details
Property Type Office, Industrial
Sub Type Flex
Square Footage 9,000
Units 5
Cap Rate 7.07%
NOI $105,018
Tenancy Multi
Lease Type NNN
Price per SqFt $165
Class B
Year Built 1976
Buildings 1
Acreage 0.600
Zoning C-2
Investment Type Owner/User
Ground Lease No
Sale Condition For sale by owner

Flex | 9,000 SqFt

Marketing description

Excellent investment opportunity to purchase a 9,000 SF multi-tenant commercial property situated on 0.60 acres with C-2 zoning, allowing for a wide variety of commercial and light industrial uses. Located along the I-70B frontage road, the property offers excellent visibility from I-70B, ample paved parking, and convenient access to 29 Road and North Avenue. Constructed of durable masonry in 1976, the property consists of five office, flex, and shop units with 10’ overhead doors, providing the flexibility to occupy available space while benefiting from income generated by existing tenants. One space is currently vacant: a 2,800 SF office suite (Unit #1A) offered for lease at $12.45/SF/Year + NNN, while the remaining units are occupied by NNN tenants. Based on full occupancy, the property offers a pro forma Net Operating Income (NOI) of $105,018 and a projected 7% cap rate, presenting an attractive value-add opportunity for both owner-users and investors.

Investment highlights

  • Multi-tenant office/flex/shop property
  • 9,000 SF total building size
  • 0.60-acre C-2 zoned lot
  • I-70 visibilty and frontage location
  • Offers rental income
  • Available space for owner-user occupancy

Listing Contacts

BB
CO FA40038007
Bray Real Estate
Listed by Bray Real Estate

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$105,018.00
$8,751.50/mo

Valuation Metrics

0
DSCR
7.07%
Cap Rate
7.07%
ROI

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