154 Colorado Ave - Medical FOR SALE
Montrose, CO 81401 |
$2,129,266 USD
615-261-9954
154 Colorado Ave
Montrose, CO 81401
HIGHLIGHTS
- Major Rent Increases –The rent increases drastically over the lease term, with the rent increasing over 10% every two years in the first 6 years alone
- Tenant Expansion – VA was only on the first floor originally and now they are taking over the 2nd floor as well as renovating both floors
- New Lease – A 10-year firm, 20-year total lease is very valuable in the market today, especially in this market
- Major TI Renovations – Everything from new HVAC, plumbing, security measures, etc
- Closest VA Center Is An Hour And A Half Away – The next closest VA is an hour and a half away in Grand Junction, CO
FOR SALE DETAILS
PRICE
$2,129,266 USD
PRICE/SF
$269 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
VA COMMUNITY BASED OUTPATIENT CLINIC
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
-
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.82 AC
LAND SF
35,763 SF
ZONING
-
APN/PARCEL ID
R0023033
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
615-261-9954
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
615-261-9954
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
