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711 S 15th St 12,613 sq ft 100% Let Retail Property Grand Junction, CO 81501 £1,447,622 (£114.77/sq ft) 5% Net Initial Yield
EXECUTIVE SUMMARY
Prime Investment Opportunity. Fully leased commercial building near Los Colonias Park. This 12.613 square foot commercial property offers an income-generating opportunity. Includes a warehouse with overhead door, fully fenced yard with auto locking gate. One side of the building was fully renovated in 2023. There is a lot of potential for rental income on this property as one side has lease terms that will be up in December and can be renegotiated. Small private office with kitchenette, bathroom and shower up front with own separate entrance. Parking spaces out front are marked and available for employees or customers.
**NOI is based on market value rents, not actual leases in place. Leases to be renegotiated. Leases and financial info are available with an NDA.**
**NOI is based on market value rents, not actual leases in place. Leases to be renegotiated. Leases and financial info are available with an NDA.**
PROPERTY FACTS Under Offer
Sale Type
Investment
Property Type
Retail
Property Subtype
Shopfront
Property Size
12,613 sq ft
Costar Property Class
C
Year Built
1979
Price
£1,447,622
Price per sq ft
£114.77
Yield
5%
NOI
£72,381
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.14
Total Plot Size
2.02 ac
Opportunity Zone
Yes
Use Class
I-2
Parking
20 Spaces (1.59 Spaces per 1,000 sq ft Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2945-242-12-031 | Improvements Assessment | £130,538 |
| Land Assessment | £30,133 | Total Assessment | £160,671 |
PROPERTY TAXES
Parcel Number
2945-242-12-031
Land Assessment
£30,133
Improvements Assessment
£130,538
Total Assessment
£160,671
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711 S 15th St
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