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YuanYuan Li, Fengmei Zou & Independent Estate LLC Sell Industrial Property For $5.5M In Grand Junction
SOLD
Colorado
See Similar DealsIndustrial65,568 SF
Sold 11/24/2025
SOLD
YuanYuan Li, Fengmei Zou & Independent Estate LLC Sell Industrial Property For $5.5M In Grand Junction
1048 Independent Avenue
See Similar DealsIndustrial65,568 SF
Sold 11/24/2025
Summary
COLORADO
Asset Type:Industrial
Price Per Square Foot:$83
Total Square Footage:65,568 SF
Transaction Type:Sale
The asset involved in this transaction is an industrial property located at 1048 Independent Avenue in Grand Junction, CO. The sale was completed at a price of $5,500,000, which translates to approximately $84 per square foot for the 65,568-square-foot facility.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,500,000
- Address: 1048 Independent Avenue
- Market: Grand Junction, CO
- Square Footage: 65,568
- Price Per Square Foot: $84
- Seller: YuanYuan Li, Fengmei Zou & Independent Estate LLC
- Broker: Jake Malman - Malman Commercial Real Estate
- Broker: Michael Kraus - Malman Real Estate
This transaction was facilitated by Malman Real Estate, which handled the off-market sale of the industrial property. The participation of the brokers highlights their role in the successful transaction for the sellers.
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BROKERAGE
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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