For Sale
$1,285,000

800 Belford Ave Grand Junction, CO 81501

Prime Office, 5,964 SF, 100% Occupied

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 5,964-square-foot office building in Grand Junction, Colorado, presents a compelling investment opportunity. Situated on a 0.41-acre corner lot, this two-story, Class B property boasts 24 parking spaces and is fully occupied by nine tenants under a triple-net (NNN) lease. The building, constructed in 1996, features a main floor with six offices, restrooms, a conference room, a built-in reception area, workspace with additional desk space, and a break room. The second floor offers seven offices, restrooms, and a break room. The property is zoned MU-2 and offers potential for an elevator addition. Electrical wiring is in place for monument signage. The asking price is $1,285,000, representing a $215.46 per square foot price and a 5.43% cap rate with a current NOI of $69,837. The property is ideally suited for both owner-users and investors, and is available for a 1031 exchange. A potential deed restriction exists regarding competing businesses

Highlights

  • 100% occupied, 5,964 SF office building with a 5.43% net cap rate.
  • Centrally located, 5,964 SF freestanding office building on a 0.41-acre corner lot.
  • Features 24 parking spaces.
  • Building includes 13 offices, a conference room, breakroom, and large reception area.
  • Excellent investment opportunity with strong in-place income.

Property Details for 800 Belford Ave

Property type
Office properties
Square Feet
5,964 SF
Class
B
Year Built
1996
Buildings
1
Stories
2
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Grand Junction
County
Mesa
State
Colorado
Latitude
39.07638387
Longitude
-108.55891271

FAQs

What type of property is this?
Office property - Prime Office, 5,964 SF, 100% Occupied
Where is the office property located?
The property is located at 800 Belford Ave Grand Junction, CO.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: 100% occupied, 5,964 SF office building with a 5.43% net cap rate.; Centrally located, 5,964 SF freestanding office building on a 0.41-acre corner lot.; Features 24 parking spaces.
How can I contact the broker?
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800 Belford Ave
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