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76 Sheppard Drive , Plus 234 Sawyer

Durango, CO 81303
  • $3,490,500
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 799021
UPDATED: 30 min ago
$3,490,500
  • 0
    BEDS
  • 3.5
    ACRES
  • 2
    BATHS
  • 2
    1/2 BATHS
  • 21,206
    SQFT
  • $165
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1997
County:

School Ratings & Info

Listing courtesy of Keller Williams Realty Southwest Associates, Llc: 970-247-3840.


Description

Ferguson Leased Buildings is a chance to acquire a fully leased portfolio of industrial buildings totaling 21,604 sq ft on 3.5 Acres in Durangos Bodo industrial Park. Class A "National Credit tenant Ferguson Plumbing Supply has occupied the space for 20-plus years and the lease will be expiring in 2029 with three 3 year options to renew. Situated within the City of Durango in the Bodo Industrial Park provides easy access, City services including road maintenance, and is surrounded by complimentary businesses in this established Commercial area with very few vacancies. Convenient heavily trafficked Highway 160 / Highway 550 access, via frontage road fed from stoplight controlled intersection to accommodate large trucks and vehicles . SUMMARY: Ferguson Leased Buildings presents a portfolio of two properties with industrial buildings and fenced yard space comprised of 76 Sheppard Dr and 234 Sawyer Dr in Durango, CO. The two parcels total of 3.5 acres with maintained buildings. 1) 76 Sheppard Drive is a 14,478 Sq Ft with offices/showroom plus warehouse with loading dock door, fenced yard space, Situated on 1.323 Acres. 2) 234 Sawyer Drive is a 5,036 Sq Ft warehouse building with office/bathroom and ten loading dock doors, plus 2,090 sq ft shop with office and large truck wash & work bay on 2.165 acres. Both properties are to be purchased together with the long-term tenant. Ferguson Plumbing Supply has occupied both properties for twenty-plus years and counting. The current Triple Net Lease has approximately 6 years remaining running into 2029, with three "3 year" options to renew. Ferguson pays $8,753 per month NNN for 76 Sheppard Drive and $6,854 per month NNN for 234 Sawyer Drive. This brings in a annual net operating income of $187,284 per year. Ferguson Plumbing Supply is one of the country's largest distributors of plumbing supplies, waterworks, and fire fabrication products. Durango is a popular and prospering area located in southwestern Colorado. The Ferguson Leased Buildings are centrally located and a short drive to and from downtown Durango. Ferguson Leased Buildings is an ideal long term investment opportunity with up side benefits for a long-term lease on properties with buildings. Price is $176 per sq ft and far less than cost of land plus buildings with Ferguson paying all expenses plus rent as the icing on the cake.

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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 2022. 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: 2022-11-30T22:56:24.9.
www.durangomountainrealty.com/homes/134035402
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76 Sheppard Drive , Plus 234 Sawyer Durango, CO 81303

  • Price: $3,490,500
  • Status: Active
  • On Site: 43 Days
  • Updated: 30 min ago
  • MLS #: 799021
0
Beds
2
Baths
2
½ Baths
3.5
Acres
21,206
SQFT
$165
$/SQFT
1997
Built
Neighborhood:
Bodo Park
County:
La Plata
Area:
Durango In Town
Property Description
Ferguson Leased Buildings is a chance to acquire a fully leased portfolio of industrial buildings totaling 21,604 sq ft on 3.5 Acres in Durangos Bodo industrial Park. Class A "National Credit tenant Ferguson Plumbing Supply has occupied the space for 20-plus years and the lease will be expiring in 2029 with three 3 year options to renew. Situated within the City of Durango in the Bodo Industrial Park provides easy access, City services including road maintenance, and is surrounded by complimentary businesses in this established Commercial area with very few vacancies. Convenient heavily trafficked Highway 160 / Highway 550 access, via frontage road fed from stoplight controlled intersection to accommodate large trucks and vehicles . SUMMARY: Ferguson Leased Buildings presents a portfolio of two properties with industrial buildings and fenced yard space comprised of 76 Sheppard Dr and 234 Sawyer Dr in Durango, CO. The two parcels total of 3.5 acres with maintained buildings. 1) 76 Sheppard Drive is a 14,478 Sq Ft with offices/showroom plus warehouse with loading dock door, fenced yard space, Situated on 1.323 Acres. 2) 234 Sawyer Drive is a 5,036 Sq Ft warehouse building with office/bathroom and ten loading dock doors, plus 2,090 sq ft shop with office and large truck wash & work bay on 2.165 acres. Both properties are to be purchased together with the long-term tenant. Ferguson Plumbing Supply has occupied both properties for twenty-plus years and counting. The current Triple Net Lease has approximately 6 years remaining running into 2029, with three "3 year" options to renew. Ferguson pays $8,753 per month NNN for 76 Sheppard Drive and $6,854 per month NNN for 234 Sawyer Drive. This brings in a annual net operating income of $187,284 per year. Ferguson Plumbing Supply is one of the country's largest distributors of plumbing supplies, waterworks, and fire fabrication products. Durango is a popular and prospering area located in southwestern Colorado. The Ferguson Leased Buildings are centrally located and a short drive to and from downtown Durango. Ferguson Leased Buildings is an ideal long term investment opportunity with up side benefits for a long-term lease on properties with buildings. Price is $176 per sq ft and far less than cost of land plus buildings with Ferguson paying all expenses plus rent as the icing on the cake.
Exterior Features

Acreage Range 2-4.99 Lot Dimension 0 Parking 20 + Total SpacesPaved Stories 1 Street Description City/TownPaved Water Well No Waterfront YN No

Interior Features

Cooling Yes Cooling Type Refrigerated Air Finished Sq Ft 21604 Heating Fuel Source ElectricNatural Gas Heating System Electric BaseboardForced Air Heating System1 Gas Loading Dock Yes One Quarter Baths 0

Property Features

Available Utilities CableElectricFiber OpticsInternetNatural GasPhoneSanitary SewerThree-PhaseWater Books Available No Cam Yes Cap Rate Percent 5.3 Covenants Yes Current Use General OfficeOffice WarehouseShowroomSpecial UseWarehouse Fixtures Included No Gross Annual Expenses 0 Gross Scheduled Income 187000 Inventory Included No Lease Included No Monthly Cam Charges Tbd Monthly Insurance Charges Tbd Net Operating Income 0 New Construction YN No Owners Association No Possible Property Use General OfficeManufacturingMixed-UseOffice WarehouseOtherRetail StorefrontRetail WarehouseShowroomSpecial UseWarehouse Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2022 Tenant Pays Building InsuranceCommon Area MaintenanceElectricExt Maintenance (Bldg)GasInterior MaintenanceJanitorialReal Estate TaxesSewer/WaterSite Maintenance (Prop)Snow RemovalTrash Total Electric Meters 1 Total Gas Meters 1 Total Taxes 31789.72 Total Water Meters 1 Type Multi-Use 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 2022. 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: 2022-11-30T22:56:24.9.
 
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Durango Mountain Realty
PO Box 17000
Durango CO, 81302
Listing courtesy of Keller Williams Realty Southwest Associates, Llc: 970-247-3840.