Office Units with NNN
For Sale
$1,360,000
1404 Hawk Parkway Unit 101 &102, Montrose, CO 81401
Combined office condominium units feature central air and a true NNN lease structure.
Property Size3,498 SF
Price / SF$388.79
Days on Market3401
Property Features for 1404 Hawk Parkway Unit 101 &102
General Information
Standard status
Active
Size
3,498 SF
Property subtype
Office
Additional Details
Cap Rate
4.5%
Office Units
2
Taxes and HOA fees
Annual Taxes
$9,961
Amenities
Central Air
3
Commercial
Parking.
Paved Driveway, Off Street, Shared Driveway, Garage, Covered.
1.86 acres, 1-1.99
Building Details
Stories
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
Hoosier Real Estate Group
(260) 224-0297
Listed By:
Joel Buzzard · License #RB14028464
(260) 224-0297
Source:
Xome
Added: May 8, 2017
Changed: Aug 29
Last Checked: Aug 29 at 1:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hoosier Real Estate Group
Investment Insights
Based on property information with market context.
Combined Condominium Units 101 and 102 at 1404 Hawk Parkway comprise 3,498 net square feet and 4,539.32 gross square feet within the Milestone Building. The office property includes central air and represents 12.98 % of the condominium allocated interest. A recent custom build-out was completed to the current tenant’s specifications.
American AgCredit, FLCA, a federally chartered corporation, occupies the premises. The lease provides for 3 % annual rent escalators and a true NNN structure, with common-area charges paid directly by the tenant to the condominium association. The current lease expires October 31, 2023, with a tenant extension option for 5 years.
American AgCredit, FLCA, a federally chartered corporation, occupies the premises. The lease provides for 3 % annual rent escalators and a true NNN structure, with common-area charges paid directly by the tenant to the condominium association. The current lease expires October 31, 2023, with a tenant extension option for 5 years.
Key Highlights
- 3,498 net square feet and 4,539.32 gross square feet
- Combined Condominium Units 101 & 102 in the Milestone Building
- American AgCredit, FLCA is the current tenant
Property Analytics
Current Use
Lease Details
2
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 81401, CO
23,266
Population
10,782
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
91%
High-School Grad
200.2 sq mi
ZIP Area
116
Density / Sq Mi
$63,541
Median Household Income
$36,548
Median Earnings
$1,090
Median Rent
$343,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Combined office condominium units feature central air and a true NNN lease structure.
Where is this office units located?
The property is located at 1404 Hawk Parkway Unit 101 &102 Montrose, CO.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: 3,498 net square feet and 4,539.32 gross square feet; Combined Condominium Units 101 & 102 in the Milestone Building; American AgCredit, FLCA is the current tenant
