For Sale
$2,307,000

573 Crete Cir Grand Junction, CO 81505

Multi-tenant flex space, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Grand Junction investment opportunity presents a 20,639 square foot, multi-tenant building situated on one acre at 573 W Crete Cir, 81505. The property, zoned C-2, features a blend of traditional office and warehouse space, ideal for diverse business needs. The two-story building boasts 10,787 square feet of well-appointed office space and a 9,852 square foot warehouse area with six 14-foot overhead doors. Constructed of durable cinder block, the building is complemented by attractive landscaping and ample off-street parking. The property enjoys a highly convenient location, offering easy access to major roadways. Currently operating at 100% occupancy with a modified lease structure, this Class B property is priced at $2,307,000, representing an attractive 8.50% cap rate. The flexible layout allows for various office and warehouse space combinations, catering to a wide range of tenants. This is a turnkey investment opportunity with strong potential for future growth and return.

Highlights

  • $2,307,000 asking price for a multi-tenant office/industrial property.
  • 20,639 square feet on a 1-acre lot in Grand Junction, CO.
  • Class B building with a modified lease, 100% occupancy, and an 8.50% cap rate.
  • Features 10,787 SF of office space and 9,852 SF of warehouse space with six 14' overhead doors.
  • Convenient location off W. Pinyon and Highways 25 & 25 1/2, with ample off-street parking.

Property Details for 573 Crete Cir

Property type
Warehouses, Office properties
Square Feet
20,639 SF
Class
B
Buildings
1
Stories
2
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Grand Junction
County
Mesa
State
Colorado
Latitude
39.0875851
Longitude
-108.5843962

FAQs

What type of property is this?
Warehouse - Multi-tenant flex space, high cap rate.
Where is the warehouse located?
The property is located at 573 Crete Cir Grand Junction, CO.
What is the asking price?
The asking price for this property is $2,307,000.
What are key features of this property?
This property features: $2,307,000 asking price for a multi-tenant office/industrial property.; 20,639 square feet on a 1-acre lot in Grand Junction, CO.; Class B building with a modified lease, 100% occupancy, and an 8.50% cap rate.
How can I contact the broker?
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573 Crete Cir
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