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1035 Wellington Ave 16,612 SF Office Building Grand Junction, CO 81501 $4,925,000 ($296.47/SF) 6% Cap Rate
Investment Highlights
- Located in Grand Junction’s core healthcare corridor with strong regional demand for medical services.
- Convenient access to major roadways such as North Avenue and I-70 Business Loop for smooth regional connectivity.
- Proximity to established medical centers, residential communities, and local amenities.
- Purpose-built medical office configuration delivering operational ease and patient comfort.
- Ample on-site parking to support high patient and staff volumes.
Executive Summary
This well-maintained medical office building offers superior functionality and design for healthcare practices seeking a professional, accessible setting. Located in central Grand Junction, the property benefits from its proximity to major medical facilities, residential neighborhoods, and commercial hubs. Purpose-built to accommodate healthcare operations, the building offers a layout conducive to patient flow and multiple treatment spaces while maintaining a welcoming environment.
Grand Junction serves as a regional medical center for Western Colorado, enhancing the property’s appeal for specialists and ancillary services. The site provides convenient access to major roadways, including North Avenue and I-70 Business Loop, ensuring exceptional connectivity for both staff and patients. Surrounding amenities include retail, dining, and service providers supporting day-to-day operational needs. Abundant on-site parking and modern infrastructure further elevate this property as an efficient and compliant healthcare-oriented space ready for occupancy.
Grand Junction serves as a regional medical center for Western Colorado, enhancing the property’s appeal for specialists and ancillary services. The site provides convenient access to major roadways, including North Avenue and I-70 Business Loop, ensuring exceptional connectivity for both staff and patients. Surrounding amenities include retail, dining, and service providers supporting day-to-day operational needs. Abundant on-site parking and modern infrastructure further elevate this property as an efficient and compliant healthcare-oriented space ready for occupancy.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
16,612 SF
Building Class
B
Year Built
2010
Price
$4,925,000
Price Per SF
$296.47
Cap Rate
6%
NOI
$295,722
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,000 SF
Building FAR
0.24
Lot Size
1.60 AC
Opportunity Zone
Yes
Zoning
B-1 - Intended for small-scale retail, personal service, and office uses that primarily serve the daily convenience needs of adjacent residential.
Parking
54 Spaces (4.5 Spaces per 1,000 SF Leased)
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2945-111-35-001 | Improvements Assessment | $1,034,070 |
| Land Assessment | $146,780 | Total Assessment | $1,180,850 |
Property Taxes
Parcel Number
2945-111-35-001
Land Assessment
$146,780
Improvements Assessment
$1,034,070
Total Assessment
$1,180,850
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Contact the Sale Advisor
1035 Wellington Ave