450 S Camino Del Rio #209 , #209

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.