799 Tech Center Drive , A

    Durango, CO 81301
    • $1,990,000
    • STATUS: Active
    • ON SITE: 55 days
    • MLS #: 751706
    $1,990,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,166
      SQFT
    • $151
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2005
    County:

    School Ratings & Info

    Listing courtesy of Coldwell Banker Heritage House.


    Description

    Multi-use building located in the Durango Tech Center just west of downtown Durango. Solid cap rate with long term, established tenants in place and potential to increase income by leasing the additional 3,100 sf that is currently vacant. 7,195 sf is currently occupied by the Department of Homeland Security until June 2021, and they are likely to agree to another five year extension when their current lease expires. This lease is all inclusive as is typical with government leases. A portion of their rent goes towards utilities, taxes, insurance, janitorial, and maintenance. 2,600+ sf of office and shop space is occupied by a local transportation company with their lease expiring at the end of May 2019. They are also likely to renew as they have been in this location for several years. In addition to monthly rent, they pay a prorata share of taxes, insurance, utilities and CAM fees. 3,100 sf of upper level space is vacant and could accommodate a variety of uses. The space is open and includes a bathroom and kitchenette area. There is plenty of on-site parking, and the property enjoys easy access from Highway 160 and Tech Center Drive. This is an ideal 1031 exchange property, or perfect for any investor looking for a strong cap rate with good tenants already in place.

    Monthly Payment Calculator

    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: 2018-12-17T23:56:32.847.
    www.durangomountainrealty.com/homes/88774773

    799 Tech Center Drive , A Durango, CO 81301

    • Price: $1,990,000
    • Status: Active
    • MLS #: 751706
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    13,166
    SQFT
    $151
    $/SQFT
    2005
    Built
    Neighborhood:
    Durango Tech
    County:
    La Plata
    Area:
    Durango In Town
    Property Description
    Multi-use building located in the Durango Tech Center just west of downtown Durango. Solid cap rate with long term, established tenants in place and potential to increase income by leasing the additional 3,100 sf that is currently vacant. 7,195 sf is currently occupied by the Department of Homeland Security until June 2021, and they are likely to agree to another five year extension when their current lease expires. This lease is all inclusive as is typical with government leases. A portion of their rent goes towards utilities, taxes, insurance, janitorial, and maintenance. 2,600+ sf of office and shop space is occupied by a local transportation company with their lease expiring at the end of May 2019. They are also likely to renew as they have been in this location for several years. In addition to monthly rent, they pay a prorata share of taxes, insurance, utilities and CAM fees. 3,100 sf of upper level space is vacant and could accommodate a variety of uses. The space is open and includes a bathroom and kitchenette area. There is plenty of on-site parking, and the property enjoys easy access from Highway 160 and Tech Center Drive. This is an ideal 1031 exchange property, or perfect for any investor looking for a strong cap rate with good tenants already in place.
    Exterior Features

    Acreage Range Less Than 1/2 Carport No Lot Dimension N/A Parking PavedFenced20 + Total SpacesCommon Roof Metal Sewer Public Sewer Installed Stories 2 Street Description City/TownPaved Water Public Water Well No Waterfront YN No

    Interior Features

    Finished Sq Ft 13166 Flooring ConcreteCarpet Foundation Slab Heating Fuel Source Natural Gas Number Overhead Doors 2 One Quarter Baths 0 Total Offices 0

    Property Features

    Books Available Yes Cam Yes Covenants Yes Current Use General OfficeOffice WarehouseAutomotive Disclosures Covenants Documents On File Leases Exchange Trade No Existing Utilities Sanitary SewerNatural GasElectricPhoneInternet Fixtures Included No Inventory Included No Lease Included Yes Monthly Cam Charges Varies Monthly Insurance Charges Varies New Construction YN No Owners Association No Possible Property Use AutomotiveGeneral OfficeManufacturingOffice WarehouseRetail WarehouseShowroomWarehouse Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2017 Tenant Pays ElectricGasSewer/WaterTrashSnow RemovalBuilding InsuranceReal Estate TaxesInterior MaintenanceExt Maintenance (Bldg)Site Maintenance (Prop)Common Area MaintenanceJanitorial Total Taxes 18068.92 Type Multi-Use Variable Rate No 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: 2018-12-17T23:56:32.847.
     
    Durango Mountain Realty
    PO Box 17000
    Durango CO, 81302
    Listing courtesy of Coldwell Banker Heritage House.