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2474 Patterson Rd 21,805 SF Vacant Office Building Grand Junction, CO 81505 $9,073,480 CAD ($416.12 CAD/SF) 6% Cap Rate
EXECUTIVE SUMMARY
This property offers a prime office location along the bustling Patterson Road corridor, strategically positioned between St. Mary’s Hospital and Community Hospitals. With 21,805 square feet of office space spread across two floors, this building sits on 1.84 acres, providing ample parking options both at the front and rear. Currently, 11,000 square feet of the space is leased to a real estate company, with lease terms available upon request. This offers immediate income potential for investors. With its prime location, spacious layout, and potential for further lease or customization, this property is an excellent opportunity either as a solid investment or as a headquarters for your corporation. As an investment property, this property has a 6% cap rate of return, based upon the current lease and a new lease from the owner for the second-floor space. Contact the Brokers for more information.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
21,805 SF
Building Class
B
Year Built
2008
Price
$9,073,480 CAD
Price Per SF
$416.12 CAD
Cap Rate
6%
NOI
$544,409 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,903 SF
Building FAR
0.28
Lot Size
1.80 AC
Opportunity Zone
Yes
Zoning
C-1
Parking
127 Spaces (5.82 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 2945-044-00-065 | Improvements Assessment | $923,006 CAD |
| Land Assessment | $327,705 CAD | Total Assessment | $1,250,710 CAD |
PROPERTY TAXES
Parcel Number
2945-044-00-065
Land Assessment
$327,705 CAD
Improvements Assessment
$923,006 CAD
Total Assessment
$1,250,710 CAD
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2474 Patterson Rd
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