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.
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0BEDS
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1.86ACRES
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0BATHS
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11/2 BATHS
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3,498SQFT
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$389$/SQFT
School Ratings & Info
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.
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This data was last updated: 2022-05-26T08:57:24.983.