630 E Star Court
Montrose, CO 81401

$1,600,000

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 6.7% 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 Americas last drive-in movie theaters. Property zoned OR Office/Residential in the City of Montrose.

Details

MLS#746227
Sub-TypeResale
StatusActive
Year2006
Days On Site20

Features

SQ Feet6,720
Story(s)2
Units1
ZoningOR

Market Activity 81401

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Area Information

StateCO
CityMontrose
Zip Code81401
AreaMontrose City
Listing VS Median (in 81401)
Price:
$1,600,000
low | high
Med:
$239,900
100% of Average
SqFt:
6,720
low | high
Med:
2,183
100% of Average
$ / SqFt:
$238
low | high
Med:
$117
100% of Average
On Site:
20
low | high
Med:
58
34.48275862069% of Average
Listing Updated: 06/23/2018
MLS Number: 746227
Listing Provided By:
John Renfrow  of  Renfrow Realty



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