403 Kennedy Ave
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403 Kennedy Ave
4,590 SF Vacant Office Building Grand Junction, CO 81501 $1,240,286 CAD ($270 CAD/SF) 6.10% Cap Rate
Investment Highlights
- Great Location, Completely Remodeled in 2018, Opportunity Zone
Executive Summary
LOCATION LOCATION LOCATION + CONDITION CONDITION CONDITION - THIS HAS IT ALL! On Sherwood park, 5 leased units in stand alone building with private parking lot. COMPLETE update of interior, exterior and & major mechanicals in 2018. ADA baths & entrances. Continue to lease all or put your business in one or more of these units. MU-1 zoning (see assoc docs for allowed uses). Cap based on NOI 6.1%. No signage. No CIC. By appointment only.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Taxes | $99,999 | $9.99 |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Taxes (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
4,590 SF
Building Class
C
Year Built
1956
Price
$1,240,286 CAD
Price Per SF
$270 CAD
Cap Rate
6.10%
NOI
$75,657 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,590 SF
Building FAR
0.32
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
MU-1
Parking
20 Spaces (4.36 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Basement
- Central Heating
- Air Conditioning
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Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
Parcel Number | 2945-113-15-004 | Total Assessment | $180,422 CAD |
Land Assessment | $43,966 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $136,456 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
2945-113-15-004
Land Assessment
$43,966 CAD
Improvements Assessment
$136,456 CAD
Total Assessment
$180,422 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
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403 Kennedy Ave
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