Commercial Investment opportunity with curren
507 Fruitvale Court #A, Grand Junction, Colorado 81504
$1,150,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
4,000 sqft
Zoning
PUD
Year Built
1981
Area
NE Grand Junction
Parking
Asphalt, Paved
Exterior
Pole Sign, Roof Sign
Features
Lunchroom, OverheadDoors
Lease Type
tripleNet
Property Description
Commercial Investment opportunity with current 7.6% cap rate. Includes parcel numbers: 2943-093-53-037, 2943-093-53-015, and 2943-093-53-016. Unit C, consisting of 4,800/SF is leased through 3/31/2026, with renewal options at $10/SF plus NN and Utilities and 3% annual escalators. Unit A consisting of 4,000/SF is leased through 12/31/2025 with renewal option for one additional year with 3% escalator for $3,329/month plus NN and Utilities. Property located in a light industrial park with easy access to I70B.
