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. Leased to Shield Insurance through September 30, 2025 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.
MLS# | 820459 |
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Listing Type | For Sale |
Style | Office Building |
Sub-Type | Resale |
Status | Active |
Days On Site | 35 |
Listing Provided By | Keller Williams Realty Southwest Associates, LLC | Scott Kurlander |
SQ Feet | 1,031 |
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Story(s) | 1 |
Units | 1 |
Zoning | Commercial |
State | CO |
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County | La Plata |
City | Durango |
Zip Code | 81301 |
Area | Durango In Town |
Listing VS Median (in 81301) | |
Price: $310,000 low | high Med: $734,000 SqFt: 1,031 low | high Med: 1,362 $ / SqFt: $301 low | high Med: $565 On Site: 35 low | high Med: 97.000000 |