450 S Camino Del Rio #209

Durango, CO 81301

About this property

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.

About this property

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.

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$310,000 Active
1,031 SqFt

Presented By Coldwell Banker Distinctive Properties Vail

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Get in touch today! Phone: 1-970-476-2113
Brokerage
Keller Williams Realty Southwest Associates, LLC
1-970-247-3840
Listed By Scott Kurlander
Brokerage: Keller Williams Realty Southwest Associates, LLC

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