$290.98 Per Sq Foot $1,610 est/mo Sourced by Back At You

450 S Camino Del Rio #209,Durango, CO 81301

Durango CO, 81301

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Description

One of the nicest offices in Durango overlooking the the Animas River is never vacant and a good Long term passive investment business condominium for a 1,031 sq ft professional office on the 2nd level with income which goes up every year. Leased to Shield Insurance through September 30, 2025 with 3% annual increases plus an option to extend for another 3 year term. Very nice finishes with floor to ceiling windows, elevator access, 2 offices plus open floor plan. Common area deck, common area restrooms, plenty of non designated parking, and high speed internet access. Leased for $1,344.00 per month NNN, ($16,128 per year Triple Net), the rent increases 3% annually on the anniversary date of the lease. This is a true Triple Net Lease and the tenant pays the C.A.M. fees currently $375.00 per month (subject to change), plus tenant pays utilities, and R.E. Taxes, making this a very passive investment in a well built quality Class "A" Building with many medical and professional offices.

Details

MLS#800482
Listing TypeFor Sale
StyleOffice Building
Sub-TypeResale
StatusActive
Days On Site497
Listing Provided ByKeller Williams Realty Southwest Associates, LLC | Scott Kurlander

Features

SQ Feet1,031
Story(s)1
Units1
ZoningCommercial

Market Activity 81301

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Listings Checked: 2 minutes ago
StateCO
CountyLa Plata
CityDurango
Zip Code81301
AreaDurango In Town
Listing VS Median (in 81301)
Price:
$300,000
low | high
Med:
$749,000
99.666666666667% of Average
SqFt:
1,031
low | high
Med:
1,193
34.287099903007% of Average
$ / SqFt:
$291
low | high
Med:
$628
65.763900530875% of Average
On Site:
497
low | high
Med:
139.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 12:49:10 AM PDT