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507 Fruitvale Court

Grand Junction, CO 81504
  • $1,150,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 20244035
UPDATED: 204 min ago
$1,150,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Ne Grand Junction
Type:
Commercial
Area:
Ne Grand Junction

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Description

Commercial Investment opportunity with current 6% cap rate. Includes parcels #2943-093-53-015 and 2943-093-53-016. Unit 2, consisting of 4,800/SF was recently leased with a 2-year lease with renewal options at $10/SF plus NN and Utilities. Unit 1 consisting of 4,000/SF is currently leased for $2,600/month modified gross lease with primary term expiring November of 2024 with two additional three year terms. Property located in a light industrial park with easy access to I70B.

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© 2024 Grand Junction MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kimbrough Team | RE/MAX 4000. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kimbrough Team | RE/MAX 4000. Data last updated 2024-09-15T00:15:35.127 UTC.

www.thekimbroughteam.com/homes/154668288
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507 Fruitvale Court Grand Junction, CO 81504

  • Price: $1,150,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 204 min ago
  • MLS #: 20244035
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Ne Grand Junction
Area:
Ne Grand Junction
Property Description
Commercial Investment opportunity with current 6% cap rate. Includes parcels #2943-093-53-015 and 2943-093-53-016. Unit 2, consisting of 4,800/SF was recently leased with a 2-year lease with renewal options at $10/SF plus NN and Utilities. Unit 1 consisting of 4,000/SF is currently leased for $2,600/month modified gross lease with primary term expiring November of 2024 with two additional three year terms. Property located in a light industrial park with easy access to I70B.
Exterior Features

Lot Features Cul- De- Sac Irregular Lot Lot Size Dimensions Irregular

Property Features

Possible Use Industrial Manufacturing Office Service Warehouse Wholesale Property Sub Type Commercial Tax Annual Amount 18696 Zoning Description PUD

Listing courtesy of Cory Carlson of BRAY/COMMERCIAL: 970-241-2909.
© 2024 Grand Junction MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kimbrough Team | RE/MAX 4000. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kimbrough Team | RE/MAX 4000. Data last updated 2024-09-15T00:15:35.127 UTC.

 
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The Kimbrough Team | RE/MAX 4000
120 West Park Drive, Suite 200
Grand Junction CO, 81505