507 Fruitvale Court

Grand Junction, CO 81504

About this property

Commercial Investment opportunity with current 6% cap rate. Includes parcels #2943-093-53-015 and 2943-093-53-016. Unit 2, consisting of 4,800/SF was recently leased with a 2-year lease with renewal options at $10/SF plus NN and Utilities. Unit 1 consisting of 4,000/SF is currently leased for $2,600/month modified gross lease with primary term expiring November of 2024 with two additional three year terms. Property located in a light industrial park with easy access to I70B.

About this property

Commercial Investment opportunity with current 6% cap rate. Includes parcels #2943-093-53-015 and 2943-093-53-016. Unit 2, consisting of 4,800/SF was recently leased with a 2-year lease with renewal options at $10/SF plus NN and Utilities. Unit 1 consisting of 4,000/SF is currently leased for $2,600/month modified gross lease with primary term expiring November of 2024 with two additional three year terms. Property located in a light industrial park with easy access to I70B.

Features and Additional Information

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$1,150,000 Active
0 SQFT

Presented By Coldwell Banker Distinctive Properties Durango

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Get in touch today! Phone: 1-970-259-3333
Brokerage
BRAY/COMMERCIAL
1-970-241-2909
Listed By CORY CARLSON
Brokerage: BRAY/COMMERCIAL

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