Address
1404 Hawk Parkway Montrose, CO
Price
$ 1,360,000
Property Attributes
  • MLS#786891
  • TypeCommercial
  • CountyMONTROSE
  • CityMontrose
  • AreaMontrose City
  • Zip81401
  • StyleOffice
  • Taxes$ 9960
  • Price$ 1,360,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3498
  • Lot Size1.86 Acres
Listing Provided Courtesy Of:
High Country Properties Montrose
Data Source:
Colorado Real Estate Network (CREN) - 253 - CO
Property Description

Excellent income and capital appreciation investment opportunity in the Milestone Building in rapidly expanding Montrose, Colorado. Highest quality national tenant, occupying the premier location in the highest quality, best located office building in Montrose. Recent high end custom build-out to current tenant specifications. Perfect for passive investors and 1031 Exchanges. Offered at 4.5 cap rate. Combined Condominium Units 101 & 102 in the Milestone Building of 3,498 Net Square Feet and 4,539.32 gross square feet, representing 12.98 % of the Condominium Allocated Interest. Tenant: American AgCredit, FLCA, a federally chartered corporation. 3 % Annual Rent Escalators. Tenant Extension Option for 5 years upon expiry of current lease October 31, 2023. Lease: True “NNN”. All Common area charges direct Tenant responsibility included in Lease and payable directly to Condominium Association by Tenant. Entertaining qualified and serious offers. Brokers, please review Agent's Confidential Remarks Section. Listing Broker is Member of Seller. All information contained herein is deemed reliable, but should be independently verified.

Price History
9/15/2021 Listed $1,360,000

General Features

Available Utilities Electric, Fiber Optics, Sanitary Sewer, Three-phase
Class COMMERCIAL
Cooling Central A/C
Flooring Carpet, Tile, Vinyl
New Construction Y/N No
Parking Common, Covered, Garage, Off Street, Paved
Sewer Public Sewer Installed
Status Active
Status Active
Stories 1
Type Office
Utilities Electric, Internet, Phone, Water
Zoning B-2

Interior Features

1/2 Baths 1
Finished SF 3498
Fixtures Included No
Heating Forced Air, Other
Total Rooms 2

Exterior Features

Carport No
Domestic Water Public
Foundation Crawl Space
Lot Dimensions 1.86 acres
Lot Size Area 1.86
Railroad Siding/spur No
Water Rights/irrig. No
Waterfront No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 81401

Price
AVG $1.64M
$1.36M
Taxes
AVG $16,328
$9,960
Visits
AVG 51
8
Walkscore
AVG 57
46
Data Provided by Walkscore ® not using MLS data

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