1050 Wellington Avenue,  Grand Junction CO, 81501

9,501 sqft
Status: Active
MLS#: 20193260
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Last Updated: 8/18/2019 11:03 PM
Description for 1050 Wellington Avenue Grand Junction, CO 81501
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.
Price
$2,500,000
Mesa County
9,501 (approx)
20193260
Active
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.
Listing Information
Property Type: General Commercial, Other
9,501 (approx) 2004
Neighborhood
Room Information
Interior Features
3
Exterior / Lot Features
None
1 acre, D: 1-1.99
PD
Financial Considerations
$35,169
Listing Price History

Grand Junction Real Estate

Grand Junction is located in Colorado. Grand Junction, Colorado 81501 has a population of 63,447.

The median household income in Grand Junction, Colorado 81501 is $31,221. The median household income for the surrounding county is $43,422 compared to the national median of $49,877. The median age of people living in Grand Junction 81501 is 39 years.

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Courtesy: RE/MAX 4000, INC
This content last refreshed on 8/18/2019 11:03 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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