1050 Wellington Avenue
Grand Junction, CO 81501

$2,500,000

Description

All brick medical buildings built by Shaw Construction in excellent condition in the heart of major medical institutions just minutes from St. Mary's Hospital with great ingress/egress and 44 parking spaces. Major strong single tenant net leased investment. Current tenant primary term was 7 years and has extended lease until October 2024. Year 1 CAP rate is 6.46% with 3% escalations each year starting October 14, 2019. 5th year end CAP will be 7.27%. This is a NNN lease with zero landlord responsibilities.

Details

MLS#20193260
Sub-TypeResale
StatusActive
Days On Site40

Features

SQ Feet9,501
Story(s)0
ZoningPD

Market Activity 81501

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Area Information

StateCO
CityGrand Junction
Zip Code81501
AreaGrand Junction City
Listing VS Median (in 81501)
Price:
$2,500,000
low | high
Med:
$224,950
100% of Average
SqFt:
9,501
low | high
Med:
1,942
100% of Average
$ / SqFt:
$263
low | high
Med:
$116
100% of Average
On Site:
40
low | high
Med:
26
100% of Average
Listing Updated: 07/20/2019
MLS Number: 20193260
Listing Provided By:
LINDA KRAMER  of  RE MAX 4000 INC

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.