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    1404 Hawk

    Montrose, CO 81401
    • $6,975,000
    • STATUS: Active
    • ON SITE: 107 Days
    • MLS #: 39716
    UPDATED: 43 min ago
    $6,975,000
    • 0
      BEDS
    • 1.86
      ACRES
    • 1
      BATHS
    • 10
      1/2 BATHS
    • 34,973
      SQFT
    • $199
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2006
    County:

    School Ratings & Info

    Description

    First time listed landmark Milestone Building. The total 41 individual condominium units and common areas are for sale as a single transaction. One contract, one price. This results in 100 % control and ownership of the HOA common areas in addition to the 41 individual unit spaces, allowing for high quality passive office rental income, expansion or potential residential/hotel conversion or if desired, reversion to a non-condo, single owner stand-alone building.National standard, 34,972.72 square foot highest quality stone, steel and glass 3-story building in entire region, located in the premier location in the southern corridor at the traffic lighted corner of HWY 550 and Hawk Parkway. Created and designed by renowned architect DTJ (Boulder/Atlanta) in conjunction withinternational consulting and business team. Constructed regardless of cost. Excellent tenant mix, amenities, location, quality and flexibility. Health focused and beautifully maintained. Offered at less than $200 per square foot. Excellent current income stream. Offered price significantly less than 50% of current replacement cost provides extraordinary financial upside and user opportunity. The ultimate investor, user and developer financial opportunity in Montrose. High occupancy of finished units. Perfect for use, current income investment, relocation, expansion or conversion. (See "Highlights" section in Associated Documents for property bullet point specifications, features and additional information and the "General Outline" for expansion of general features and uses). Totally flexible design. Health oriented HVAC air exchange and operating windows. Extra wide corridors, total plumbing, wiring and lay-out flexibility. New Ownership Structure Flexibility. BUYER HAS OPTION TO RETAIN CONDOMINIUM STRUCTURE VS. CONVERSION TO SINGLE OWNER STRUCTURE FOR PROPERTY. Because new owner will acquire 100 % ownership and control of all currently existing condominium Units in addition to the HOA, it will therefore acquire the full flexibility and discretion to continue the condominium structure with the existing HOA or to dissolve the HOA and convert the building into a single owner, single deed property should that be deemed more advantageous. See dedicated website www.themilestonebuilding.com for pictures and general floor plans. On-Site Management. Current on-site management team would be available to continue in that capacity if desired. Further Information: Available upon confidential buyer identification. Detailed rent roll with tenants and additional info available upon Pre-Approval Letter, VAL, financial capability letter from financial institution acceptable to Seller or proof of active 1031 Exchange. Specific financial information and individual leases available with LOI and NDA. Serious inquiries only. Info deemed reliable but should be individually verified during due diligence. $6,975,000 Larry Wooddell, Broker/ Owner of High Country Properties, Inc. is a member of the majority of five of the six individual selling parties.

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    © Copyright 2021 by Telluride Association of REALTORS, Inc. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Telluride Association of REALTORS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Telluride Real Estate Corp.. Data last updated: 2021-10-25T15:49:17.4.

    www.searchtellurideproperties.com/homes/119154014
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    1404 Hawk Montrose, CO 81401

    • Price: $6,975,000
    • Status: Active
    • Updated: 43 min ago
    • MLS #: 39716
    0
    Beds
    1
    Baths
    10
    ½ Baths
    1.86
    Acres
    34,973
    SQFT
    $199
    $/SQFT
    2006
    Built
    Neighborhood:
    None
    County:
    Montrose
    Area:
    Montrose - Mros (Major Area None)
    Property Description
    First time listed landmark Milestone Building. The total 41 individual condominium units and common areas are for sale as a single transaction. One contract, one price. This results in 100 % control and ownership of the HOA common areas in addition to the 41 individual unit spaces, allowing for high quality passive office rental income, expansion or potential residential/hotel conversion or if desired, reversion to a non-condo, single owner stand-alone building.National standard, 34,972.72 square foot highest quality stone, steel and glass 3-story building in entire region, located in the premier location in the southern corridor at the traffic lighted corner of HWY 550 and Hawk Parkway. Created and designed by renowned architect DTJ (Boulder/Atlanta) in conjunction withinternational consulting and business team. Constructed regardless of cost. Excellent tenant mix, amenities, location, quality and flexibility. Health focused and beautifully maintained. Offered at less than $200 per square foot. Excellent current income stream. Offered price significantly less than 50% of current replacement cost provides extraordinary financial upside and user opportunity. The ultimate investor, user and developer financial opportunity in Montrose. High occupancy of finished units. Perfect for use, current income investment, relocation, expansion or conversion. (See "Highlights" section in Associated Documents for property bullet point specifications, features and additional information and the "General Outline" for expansion of general features and uses). Totally flexible design. Health oriented HVAC air exchange and operating windows. Extra wide corridors, total plumbing, wiring and lay-out flexibility. New Ownership Structure Flexibility. BUYER HAS OPTION TO RETAIN CONDOMINIUM STRUCTURE VS. CONVERSION TO SINGLE OWNER STRUCTURE FOR PROPERTY. Because new owner will acquire 100 % ownership and control of all currently existing condominium Units in addition to the HOA, it will therefore acquire the full flexibility and discretion to continue the condominium structure with the existing HOA or to dissolve the HOA and convert the building into a single owner, single deed property should that be deemed more advantageous. See dedicated website www.themilestonebuilding.com for pictures and general floor plans. On-Site Management. Current on-site management team would be available to continue in that capacity if desired. Further Information: Available upon confidential buyer identification. Detailed rent roll with tenants and additional info available upon Pre-Approval Letter, VAL, financial capability letter from financial institution acceptable to Seller or proof of active 1031 Exchange. Specific financial information and individual leases available with LOI and NDA. Serious inquiries only. Info deemed reliable but should be individually verified during due diligence. $6,975,000 Larry Wooddell, Broker/ Owner of High Country Properties, Inc. is a member of the majority of five of the six individual selling parties.
    Exterior Features

    Construction OtherSteel Exterior Finish StoneStucco Open Area Parking 3 Car + Parking Design Open Roof Other Special Location None Substructure Crawl Space View Mountains

    Interior Features

    Primary Heat Forced AirGas Total Units 41

    Property Features

    Commercial Type Commercial Spaces Disclosures CovenantsLeasedSeller is Agent Electric Power Company Gas Natural Historical Qualification No Major Area None Possession At Closing REO No RETT None Sanitation Sewer Short Sale No Sq Ft Source Condo Plat Tenant Charges Include ElectricExterior MaintenanceGasHoa DuesInsuranceInterior MaintenanceSewer & WaterSnow RemovalTaxesTrash Tenants 20 Utility Phone Lines T-1 Utility Primary Heat Forced Air Water City Zoning Commercial

    Listing provided courtesy of Larry Wooddell of High Country Properties, Inc..
    © Copyright 2021 by Telluride Association of REALTORS, Inc. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Telluride Association of REALTORS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Telluride Real Estate Corp.. Data last updated: 2021-10-25T15:49:17.4.

     
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    Telluride Real Estate Corp.
    232 W. Colorado Avenue
    Telluride CO, 81435