Office Depot

Grand Junction, CO
Price: $2,950,000
Cap Rate: 8.18%

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Blue West Capital is pleased to present the sale of Office Depot, a 20,996 SF single-tenant retail property located in Grand Junction, Colorado.

Office Depot is located in Grand Junction, the county seat of Mesa County and the largest city in Colorado’s Western Slope. There are approximately 80,000 people living within a five mile radius and the building is positioned along the trade area’s primary thoroughfare (Highway 50 & Highway 6). Retailers in the immediate corridor include Home Depot, Target City Market, Best Buy, CVS, Walmart Supercenter, Lowe’s, Sprouts, Natural Grocers, TJ Maxx, Sam’s Club and many others.

  • Recent early lease extension with approximately 6 years remaining
  • Priced below replacement cost ($148/SF)
  • Minimal landlord responsibilities (roof and structure)
  • Rental increases in each renewal option period

OFFERING SUMMARY

Price: $2,950,000

Cap Rate: 8.18%

Year Built: 1998

Building Size: 20,996 SF

INVESTMENT CONTACT

ROBERT EDWARDS – LEAD
Managing Partner
Investment Sales
720.966.1630
Robert@BlueWestCapital.com

TOM ETHINGTON
Managing Partner
Investment Sales
720.966.1624
Tom@BlueWestCapital.com

SHAWN DICKMANN
Analyst
Investment Sales
720.828.8310
Shawn@BlueWestCapital.com

ZACH WRIGHT
Director
Net Lease Investment Sales
720.966.1628
Zach@BlueWestCapital.com

BRANDON GAYESKI
Associate
Investment Sales
720.966.1627
Brandon@BlueWestCapital.com

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2020-05-05T22:01:12-07:00