2790 H Rd Grand Junction, CO 81506-1754
- Manufacturing properties
- 71,728 SF
- 10.00 lot acres
Current Use by Public Records
- Jabil Engineering / Aerospace Company / Manufacturer
Property Details for 2790 H Rd
- Year built
- 1995
- Construction
- STEEL FRAME
- Lot size
- 10.00 lot acres
- Property size
- 71,728 SF
- Zone code
- I-O
- Property type
- Manufacturing properties
- APN
- 2701-254-08-001
- APU
- 270125408001
Description
This Grand Junction, CO industrial property offers a compelling investment opportunity. The 66,348 square foot, single-tenant manufacturing facility is net-leased to a credit-rated aerospace manufacturer, Jabil Defense and Aerospace, under a lease expiring March 31, 2027, with a remaining term of approximately 2.4 years. The property boasts a 5.79% cap rate and a pro-forma cap rate of 5.96%, with a current NOI of $519,985 and a pro-forma NOI of $535,585. The lease includes a 3% annual base rent increase. The building, constructed in 1995, sits on a 10.02-acre lot, offering significant potential for expansion. Features include 12-foot ceilings, one loading dock with one dock-high door, and 90 parking spaces. The property is zoned I-OR and is conveniently located adjacent to the Grand Junction Regional Airport (GJT). The asking price is $8,985,000, translating to $135.42 per square foot. The landlord is responsible for roof/structural and extraordinary replacements. This is a stabilized, single-tenant, net lease investment with a strong tenant and significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grand Junction
- County
- Mesa
- State
- Colorado
- Longitude
- -108.535
- Latitude
- 39.1219
- CBSA code
- 24300
- CBSA name
- GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA
