John and Jim Renfrow, Brokers, Montrose Colorado
Courtesy: Renfrow Realty

For more information on this listing, please contact...

  • Price:

    • $1,600,000

  • Listing #:
    • 746227
  • Class:
    • Commercial
  • Type:
    • Office
  • Status:
    • Uc/contingent/call Lb
  • # of Units:
    • 1
  • Apx. Acres:
    • 0.78
  • Apx. Sqft.:
    • 6720
  • Year Built:
    • 2006
  • Address:
    • 630 E Star
  • City:
  • County:
    • Montrose
  • Area:
    • Montrose City
  • State:
    • CO
  • Zip:
    • 81401

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Description

Take Advantage of Steady Income-building Opportunity! Impressive Class A investment property located just off Miami and west of Hillcrest in Star Court medical complex. 6,720 sq.ft. (MOL) fully leased care facility building on 0.78 acre (MOL) lot. NNN lease features 6.6% cap rate, escalation over five years and Montrose Memorial Hospital (MMH) tenant. The NNN lease agreement ensures a growing income stream for the owner, helps raise the property value and places all the responsibility and cost on the tenant. Diversify your portfolio with this investment-grade NNN property.Built in 2006, this superior building wired with fiber is in excellent condition. Ground floor has 12 exam rooms, five private offices, large reception and waiting area, four ADA restrooms, nurse station and two lab areas. Upstairs is a large conference room with kitchenette, two offices and restroom with shower. Large parking lot and attractive landscaping. Low-maintenance stucco and cultured-stone exterior. Behind one of America’s last drive-in movie theaters. Property zoned OR “Office/Residential” in the City of Montrose.
  • Building Details
    • # Floors:
      • - 2
    • Roof:
      • - Composition
    • Foundation:
      • - Slab
      • - Concrete
    • Flooring:
      • - Vinyl
      • - Carpet
    • Total Offices:
      • - 9
    • Total Baths:
      • - 3.00
    • 3/4 Baths:
      • - 1
    • 1/2 Baths:
      • - 2
    • Fixtures Included:
      • - No
  • Square Footage
    • List Price/Sqft:
      • - $238.10
    • Finished SF:
      • - 6,720.00
    • Main Sq Ft:
      • - 5409
    • Upper Sq Ft:
      • - 1311
    • Office Sq Ft:
      • - 6720
  • Property Details
    • Lotsizedim:
      • - Irregular
    • Lot Size/acerage:
      • - .5-.99
    • Property Description:
      • - Cul-de-sac
    • Current Property Use:
      • - Professional / Medical
    • Possible Property Use:
      • - General Office
      • - Professional / Medical
    • Parking:
      • - Paved
      • - Concrete
      • - On Street
      • - Off Street
      • - 10-20 Total Spaces
    • Railroad Siding:
      • - No
    • Water Rights/irrig.:
      • - No
    • Zoning:
      • - OR
  • Income and Expenses
    • Lease Included:
      • - Yes
    • Tenant Pays:
      • - Electric
      • - Gas
      • - Sewer / Water
      • - Trash
      • - Snow Removal
      • - Building Insurance
      • - Oa Dues
      • - Real Estate Taxes
      • - Interior Maintenance
      • - Common Area Maintenance
      • - Janitorial
    • Cap Rate Percent:
      • - 6.72
  • HOA Details
    • Owners Association(oa):
      • - Yes
    • Oa Fees:
      • - Tbd
    • Oa Fees Frequency:
      • - Annually
  • Utilities
    • Exsting Utilities:
      • - Sanitary Sewer
      • - Water
      • - Natural Gas
      • - Electric
      • - Phone
      • - Internet
    • Total # Electric Meters:
      • - 1
    • Domestic Water:
      • - Public
    • Total # Water Meters:
      • - 1
    • Water Well:
      • - No
    • Sewer:
      • - Public Sewer Installed
    • Heating Fuel/source:
      • - Natural Gas
    • Cooling:
      • - Central A / C
    • Total # Gas Meters:
      • - 1
    • Heating System:
      • - Forced Air
  • Miscellaneous
    • Inventory Included:
      • - No
    • Total Taxes $:
      • - $20,329.00
    • Tax Year:
      • - 2018
    • Special Assemnt Y/n:
      • - No
    • American Disabil Act Y/n:
      • - Yes
    • Real Estate For Sale:
      • - Yes
    • Available For Auction:
      • - No
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For more information on this listing, please contact...