2790 H RdGrand Junction, CO 81506

Property Details for 2790 H Rd

Year built

1995

Construction

STEEL FRAME

Lot size

10.00 AC

Property size (Sq ft)

71,728 SF

Zone code

I-O

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

2701-254-08-001

APU

270125408001

Description

This Grand Junction, CO industrial property offers a compelling investment opportunity. The 66,348 square foot, single-tenant manufacturing facility is net-leased to a credit-rated aerospace manufacturer, Jabil Defense and Aerospace, under a lease expiring March 31, 2027, with a remaining term of approximately 2.4 years. The property boasts a 5.79% cap rate and a pro-forma cap rate of 5.96%, with a current NOI of $519,985 and a pro-forma NOI of $535,585. The lease includes a 3% annual base rent increase. The building, constructed in 1995, sits on a 10.02-acre lot, offering significant potential for expansion. Features include 12-foot ceilings, one loading dock with one dock-high door, and 90 parking spaces. The property is zoned I-OR and is conveniently located adjacent to the Grand Junction Regional Airport (GJT). The asking price is $8,985,000, translating to $135.42 per square foot. The landlord is responsible for roof/structural and extraordinary replacements. This is a stabilized, single-tenant, net lease investment with a strong tenant and significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $15,088,142

  Hospitality

  $13,820,657

  Educational

  $11,498,625

  Medical

  $11,894,080

  Retail

  $17,886,750

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.1219

Longitude

-108.535

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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