Grand Junction, CO – February 25, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 2857 North Ave in Grand Junction, CO.
Principals Kevin Calame and Matt Lewallen (NorthPeak Commercial Advisors) represented the Buyer in this transaction.
“The Buyer was looking for a passive, NNN income investment locally in Colorado. This asset was a perfect opportunity to own locally with a current 6.25% cap rate,” – Kevin Calame, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Kevin Calame at 720-738-1939 or Kevin@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Sold Date: February 25, 2021
- Address: Grease Monkey | 2857 North Ave, Grand Junction, CO 81501
- Property Type: Multifamily
- Sale Price: $1,175,000
- Property SF: 2,361 SF
- Land Area: 0.58 Ac
- Price Per SF: $498
- Cap Rate: 6.25%
- Year Built: 1983
