YuanYuan Li, Fengmei Zou & Independent Estate LLC Sell Industrial Property For $5.5M In Grand Junction
1048 Independent Avenue
$5,500,000
$83/SF
Building Size
65,568 SF
Asset Type
Industrial
Closing
Nov 24, 2025
AI
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.
Players
Grand Junction Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93