
Description
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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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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1,031SQFT
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$301$/SQFT
School Ratings & Info
Description
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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This data was last updated: 2025-02-15T14:56:35.86.