700 Belford Ave, Grand Junction, CO 81501

This multi-tenant office property is an investment opportunity featuring 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. A government tenant occupies space 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. 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. There are no fixed renewal rates, allowing ownership to adjust rents to market levels at renewal. Approximately 2,600 square feet of third-floor office space is 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. 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. The property is located near downtown Grand Junction between Main Street and North Avenue, providing convenient access to major corridors and surrounding amenities. The site provides over 30 common-area parking spaces, along with approximately 20 covered parking spaces. The 2026 Net Operating Income (NOI) is $310,995, supported by annual lease escalations and future opportunities to increase rents at renewal. The property consists of 19,870 square feet.