Eastside Plaza 3198 F Rd 11,788 SF 80% Leased Office Building Grand Junction, CO 81504 $750,000 ($63.62/SF) 7.37% Cap Rate



INVESTMENT HIGHLIGHTS
- Profitable Investment
- Owner-occupied or Investor
EXECUTIVE SUMMARY
Affordable investment that pays great. Ideal for an Investor or for an Owner who wants to occupy a suite and rent out the rest of the building. Located in the corner of Patterson (F) and 32 Rds. and near an I-70 Interstate exchange. Most tenants are health or beauty related. Popular food truck in the parking lot with busy following. Many updates made within the last 20 years. Building is maintained by a full-time caretaker. More than half of the A/C & Evap units have been replaced in the last few years. Two sets of restrooms on each level plus most of the downstairs suites have private restrooms. Upstairs suites have lovely valley views and most have balconies for fresh air.
Currently at over 7% NOI with a 1 suite vacancy. Two more suites are used for building purposes & could be rented for an increased NOI. If all 3 suites filled, the APOD shows a 10% NOI. Please contact Broker for APODs (current and projected) and a Rent Roll.
Check out the 3D tour and the exterior video at https://www.youtube.com/watch?v=hviQYc24Tp4 and https://my.matterport.com/show/?m=R8DkiNHrg65
Currently at over 7% NOI with a 1 suite vacancy. Two more suites are used for building purposes & could be rented for an increased NOI. If all 3 suites filled, the APOD shows a 10% NOI. Please contact Broker for APODs (current and projected) and a Rent Roll.
Check out the 3D tour and the exterior video at https://www.youtube.com/watch?v=hviQYc24Tp4 and https://my.matterport.com/show/?m=R8DkiNHrg65
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
11,788 SF
Building Class
B
Year Built/Renovated
1982/2000
Price
$750,000
Price Per SF
$63.62
Cap Rate
7.37%
NOI
$55,249
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,520 SF
Building FAR
0.47
Lot Size
0.58 AC
Zoning
Commercial - Office
AMENITIES
- Bus Line
- Controlled Access
- Security System
- Signage
1 of 1
PROPERTY TAXES
Parcel Number | 2943-034-00-096 | Improvements Assessment | $87,670 |
Land Assessment | $81,670 | Total Assessment | $169,340 |