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2384 Leland Ave

8,265 SF Industrial Building Grand Junction, CO 81505 £587,083 (£71/SF) 2% Net Initial Yield

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Investment Highlights

Easy Access to I-70 and 24 Road Corridor

Large lot will accomodate semis

Executive Summary

1.16 acre parcel, fully fenced with easy access to I-70 and 24 Road Corridor, and located in the Opportunity Zone and Enterprise Zone. Property consists of 3 buildings offering a total of 8,684 sq.ft. Offers plenty of options to re-configure for your needs. Lot size easily accommodates semi parking. Use the existing building for warehouse or manufacturing and still have room to build an additional building for offices or store front. Long term tenant is on a month to month basis with a 60 day notice to vacate required. All information deemed reliable but not guaranteed, buyer to verify.

Overhead Photo

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£23,499	£2.84
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£23,499	£2.84
Taxes	£7,970	£0.96
Operating Expenses	-	-
Total Expenses	£7,970	£0.96
Net Operating Income	-	-

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£23,499
Annual Per SF	£2.84

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£23,499
Annual Per SF	£2.84

Taxes
Annual	£7,970
Annual Per SF	£0.96

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£7,970
Annual Per SF	£0.96

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	£587,083	Lot Size	1.16 AC
Price Per SF	£71	Rentable Building Area	8,265 SF
Sale Type	Investment or Owner User	Number of Floors	1
Net Initial Yield	2%	Year Built	1977
Property Type	Industrial	Tenancy	Single
Property Subtype	Warehouse Light Industrial Light Manufacturing Industrial Manufacturing Industrial Service	Level Access Doors	2
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£587,083
Price Per SF	£71
Sale Type	Investment or Owner User
Net Initial Yield	2%
Property Type	Industrial
Property Subtype	Warehouse Light Industrial Light Manufacturing Industrial Manufacturing Industrial Service
Building Class	C
Lot Size	1.16 AC
Rentable Building Area	8,265 SF
Number of Floors	1
Year Built	1977
Tenancy	Single
Level Access Doors	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Fenced Lot

Storage Space

Air Conditioning

Lighting
Gas
Water
Sewer
Heating

PROPERTY TAXES

Parcel Number	2945-054-01-006	Total Assessment	£112,725
Land Assessment	£49,638	Annual Taxes	£7,970 (£0.96/sf)
Improvements Assessment	£63,087	Tax Year	2023