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450 S Camino Del Rio #209 , #209

Durango, CO 81301
  • $300,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 800482
UPDATED: 56 min ago
$300,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,031
    SQFT
  • $291
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing courtesy of Keller Williams Realty Southwest Associates, Llc: 970-247-3840.


Description

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 $15,200 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.

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2023. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2023-02-04T12:56:37.657.
www.thehowegroup.co/homes/136096566
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450 S Camino Del Rio #209 , #209 Durango, CO 81301

  • Price: $300,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 56 min ago
  • MLS #: 800482
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1,031
SQFT
$291
$/SQFT
Neighborhood:
Durango In Town
County:
La Plata
Area:
Durango In Town
Property Description
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 $15,200 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.
Exterior Features

Lot Dimension Na Parking Paved Stories 1 Street Description City/TownPaved Water Well No Waterfront YN No

Interior Features

Cooling Y Finished Sq Ft 1031 Heating Fuel Source Natural Gas Loading Dock No Office Sq Ft 1031 One Quarter Baths 0

Property Features

Books Available No Cam Yes Covenants Yes Current Use General Office Fixtures Included No Inventory Included No Lease Included No Monthly Cam Charges $375.00 Monthly Insurance Charges in Cam Fee New Construction YN No Oa Fees Tbd Oa Fees Frequency Monthly Oa Name Telluride Ironworks Owner's Association Owners Association Yes Possible Property Use General Office Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2022 Total Gas Meters 1 Total Taxes 2494.16 Type Office Variable Rate No Water Rights No Zoning Type Commercial

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2023. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2023-02-04T12:56:37.657.
 
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The Howe Group | Keller Williams Realty
218 Maroon Ave. Unit C
Crested Butte CO, 81224
Listing courtesy of Keller Williams Realty Southwest Associates, Llc: 970-247-3840.