700 Belford Ave
Grand Junction, CO 81501
Office Property For Sale

This exceptional turnkey investment opportunity features a well-maintained, multi-tenant office property with stable occupancyand long-term lease commitments from established tenants. The property is anchored by a strong tenant base, including ananchor tenant that recently renewed for an additional five-year term. The building also includes a government tenant withapproximately seven years remaining on its lease, providing reliable long-term income. The on-site dental practice isscheduled to renew in 2026 for an additional five-year term, while the remaining two tenants have approximately one and twoyears remaining on their respective leases, presenting opportunities for future rent adjustments. All current leases includeannual rental escalations, with the government lease incorporating CPI-based increases in addition to standard annualescalators, offering built-in income growth. Notably, there are no fixed renewal rates, allowing ownership to adjust rents tomarket levels at renewal. The property also includes approximately 2,600 SF of third-floor office space currently beingmarketed for lease. This space is guaranteed to be paid for by the anchor tenant through January 2027, or until a new lease isexecuted, providing additional income security while the space is actively marketed. The building is in excellent condition andhas been meticulously maintained. The current owner is willing to continue managing the property for a minimal fee, withmanagement terms negotiable for a smooth transition to new ownership. Strategically located near downtown Grand Junctionbetween Main Street and North Avenue, the property benefits from convenient access to major corridors and strongsurrounding amenities. The site provides over 30 common-area parking spaces, along with approximately 20 covered parkingspaces, 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 highlydesirable Grand Junction location.