Property Description

This exceptional turnkey investment opportunity features a well-maintained, multi-tenant office property with stable occupancy and long-term lease commitments from established tenants. The property is anchored by a strong tenant base, including an anchor tenant that recently renewed for an additional five-year term. The building also includes a government tenant with approximately seven years remaining on its lease, providing reliable long-term income. The on-site dental practice is scheduled to renew in 2026 for an additional five-year term, while the remaining two tenants have approximately one and two years remaining on their respective leases, presenting opportunities for future rent adjustments. All current leases include annual rental escalations, with the government lease incorporating CPI-based increases in addition to standard annual escalators, offering built-in income growth. Notably, there are no fixed renewal rates, allowing ownership to adjust rents to market levels at renewal. The property also includes approximately 2,600 SF of third-floor office space currently being marketed for lease. This space is guaranteed to be paid for by the anchor tenant through January 2027, or until a new lease is executed, providing additional income security while the space is actively marketed. The building is in excellent condition and has been meticulously maintained. The current owner is willing to continue managing the property for a minimal fee, with management terms negotiable for a smooth transition to new ownership. Strategically located near downtown Grand Junction between Main Street and North Avenue, the property benefits from convenient access to major corridors and strong surrounding amenities. The site provides over 30 common-area parking spaces, along with approximately 20 covered parking spaces, offering ample parking for tenants and visitors. Tenants report high satisfaction with both the property and its location, reflecting the building's strong operational history and quality management. The 2026 Net Operating Income (NOI) is $310,995 supported by annual lease escalations and future opportunities to increase rents at renewal. Offered at a 7.68% capitalization rate, this property represents a stable, income-producing investment with built-in growth potential in a highly desirable Grand Junction location.

Property Features