2940 I-70 Business Loop - Flex FOR SALE


Grand Junction, CO 81504
$1,485,000 USD
970-986-0446
2940 I-70 Business Loop, Grand Junction, CO for Sale
$1,485,000 USD
Flex - FOR SALE
1/17
null | 7.07% Cap Rate

2940 I-70 Business Loop
Grand Junction, CO 81504


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,485,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

7.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

UTILITIES

Gas - Natural, Water - County, Sewer - City, Heating - Gas

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.6

LAND SF

26,136

ZONING

C-2

APN/PARCEL ID

2943-172-08-001

ASK ABOUT THIS PROPERTY

Brian BrayBray Real Estate-CommercialMore Info
970-986-0446

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Brian BrayBray Real Estate-CommercialMore Info
970-986-0446

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.