194 Bodo Drive , Suites 4, 5, 6,

    Durango, CO 81301
    • $1,475,000
    • STATUS: Active
    • ON SITE: 440 days
    • MLS #: 730243
    UPDATED: 53 min ago
    $1,475,000
    • 0
      BEDS
    • 0.71
      ACRES
    • 0
      BATHS
    • 4
      1/2 BATHS
    • 10,500
      SQFT
    • $140
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Listing courtesy of Keller Williams Realty Southwest Associates, Llc.

    Description

    Investment Property LEASED to a International Company this 10,500 sq ft versatile commercial building on approximately 0.71 acres in Bodo Industrial Park is a secure investment. Multi purpose building features multiple offices, plus show room, kitchen/break room, warehouse areas, 4 bathrooms, conference room, 4 overhead doors, and high ceilings which vary from 12 feet to 14 feet in height. The building is 4 units in part of a group of business condominiums. The location has been used for manufacturing and was also approved for retail/warehouse. Now Leased until June 2019 with an option to renew, the property is leased for $9,343 per month ($112,116 per year), (see lease in "Associated Docs") and rent increased 2% per year plus any increase in R.E. taxes are passed onto tenant's lease. The only expenses the Seller pays is the base Real Estate Taxes ($9,848.60 per year), plus Real Estate Hazard Insurance (approximately $3,000 per year). Seller financing available for qualified purchaser with 25% down. Building is in great condition and features 3 Phase 440 Power, L.E.D. Lighting, recently replaced roof, "concrete tilt up construction" with 6 inch thick concrete floors and few weight barring walls. The property is 4 legally separate business condos which have been made into one space and could be demised into separate units if needed.

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    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 2018. 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 Durango Mountain Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2018-06-21T20:56:53.427.
    www.durangomountainrealty.com/homes/71379788

    194 Bodo Drive , Suites 4, 5, 6, Durango, CO 81301

    • Price: $1,475,000
    • Status: Active
    • Updated: 53 min ago
    • MLS #: 730243
    0
    Beds
    0
    Baths
    4
    ½ Baths
    0.71
    Acres
    10,500
    SQFT
    $140
    $/SQFT
    Neighborhood:
    Durango In Town
    County:
    La Plata
    Area:
    Durango In Town
    Property Description
    Investment Property LEASED to a International Company this 10,500 sq ft versatile commercial building on approximately 0.71 acres in Bodo Industrial Park is a secure investment. Multi purpose building features multiple offices, plus show room, kitchen/break room, warehouse areas, 4 bathrooms, conference room, 4 overhead doors, and high ceilings which vary from 12 feet to 14 feet in height. The building is 4 units in part of a group of business condominiums. The location has been used for manufacturing and was also approved for retail/warehouse. Now Leased until June 2019 with an option to renew, the property is leased for $9,343 per month ($112,116 per year), (see lease in "Associated Docs") and rent increased 2% per year plus any increase in R.E. taxes are passed onto tenant's lease. The only expenses the Seller pays is the base Real Estate Taxes ($9,848.60 per year), plus Real Estate Hazard Insurance (approximately $3,000 per year). Seller financing available for qualified purchaser with 25% down. Building is in great condition and features 3 Phase 440 Power, L.E.D. Lighting, recently replaced roof, "concrete tilt up construction" with 6 inch thick concrete floors and few weight barring walls. The property is 4 legally separate business condos which have been made into one space and could be demised into separate units if needed.
    Exterior Features

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

    Interior Features

    Cooling Yes Finished Sq Ft 10500 Heating Fuel Source Natural Gas Heating System1 Hvac Loading Dock No Number Overhead Doors 2 Office Sq Ft 10500 One Quarter Baths 0

    Property Features

    Books Available No Cam No Cap Rate Percent 6.6 Current Use General Office Fixtures Included No Gross Annual Expenses 12848.6 Gross Scheduled Income 112116 Inventory Included No Lease Included No Net Operating Income 99267.4 New Construction YN No Owners Association No Possible Property Use AutomotiveGeneral OfficeManufacturingMixed-UseOffice WarehouseOtherRetail StorefrontRetail WarehouseShowroomSpecial UseWarehouse Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2017 Total Electric Meters 3 Total Gas Meters 3 Total Taxes 9848.60 Type Office Variable Rate Yes Water Rights No Zoning Type Commercial

    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 2018. 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 Durango Mountain Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2018-06-21T20:56:53.427.
     
    Durango Mountain Realty
    PO Box 17000
    Durango CO, 81302
    Listing courtesy of Keller Williams Realty Southwest Associates, Llc.