Robert Yazbeck - Coldwell Banker Distinctive Properties
3183 Hall Avenue
Clifton, CO 81504

Description

Great opportunity for a high profit commercial investment on a 1/2 full warehouse/office building. Projected cap rate once full is 10.8% based on current asking price on sale and lease. Existing lease is a new 3 year term, NNN deal with a reputable car audio installation company, expiring 6/31/21. Current asking price for vacant space is $2,250/month NNN @ $7.40/SF. Once fully leased, price will be increased.

Details

MLS#20183630
Sub-TypeResale
StatusActive
Days On Site49

Features

SQ Feet7,250
Story(s)0
ZoningC-2

Market Activity 81504

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Area Information

StateCO
CityClifton
Zip Code81504
AreaSE Grand Junction
Listing VS Median (in 81504)
Price:
$500,000
low | high
Med:
$223,900
100% of Average
SqFt:
7,250
low | high
Med:
1,530
100% of Average
$ / SqFt:
$69
low | high
Med:
$146
62.192810457517% of Average
On Site:
49
low | high
Med:
60
81.666666666667% of Average
Listing Updated: 08/13/2018
MLS Number: 20183630
Listing Provided By:
KYLE SERRANO  of  BRAY COMMERCIAL

MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Grand Junction Area REALTOR Association MLS.