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    799 Tech Center Drive , A

    Durango, CO 81301
    • $2,250,000
    • STATUS: Active
    • ON SITE: 70 days
    • MLS #: 779164
    UPDATED: 51 min ago
    $2,250,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,166
      SQFT
    • $171
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2005
    County:

    School Ratings & Info

    Listing courtesy of Coldwell Banker Distinctive Properties.


    Description

    100% leased, this multi-use building is located in the Durango Tech Center just west of downtown Durango. Solid cap rate with long term, established tenants in place. 7,195 sf is currently occupied by a GSA tenant until June 2031, with a five year renewal option that would extend them into June of 2036. 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 an international exploration company whose lease expires 9/2022. In addition to monthly rent, they pay a prorata share of taxes, insurance, utilities and CAM fees. 3,100 sf of upper level space was just leased to a local start-up who is in the boating and marine industry. 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 very strong tenants on long term leases already in place.

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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 2021. 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 The Dawn Howe Group | Keller Williams Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2021-05-11T15:56:30.943.
    www.crestedbutteliving.com/homes/114625089
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    799 Tech Center Drive , A Durango, CO 81301

    • Price: $2,250,000
    • Status: Active
    • Updated: 51 min ago
    • MLS #: 779164
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    13,166
    SQFT
    $171
    $/SQFT
    2005
    Built
    Neighborhood:
    Durango Tech
    County:
    La Plata
    Area:
    Durango In Town
    Property Description
    100% leased, this multi-use building is located in the Durango Tech Center just west of downtown Durango. Solid cap rate with long term, established tenants in place. 7,195 sf is currently occupied by a GSA tenant until June 2031, with a five year renewal option that would extend them into June of 2036. 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 an international exploration company whose lease expires 9/2022. In addition to monthly rent, they pay a prorata share of taxes, insurance, utilities and CAM fees. 3,100 sf of upper level space was just leased to a local start-up who is in the boating and marine industry. 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 very strong tenants on long term leases already in place.
    Exterior Features

    Acreage Range Less Than 1/2 Carport No Lot Dimension N/A Parking PavedFenced20 + Total SpacesCommon Parking Spaces 25 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 CarpetConcrete 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 Cap Rate Percent 7.8 Covenants Yes Current Use General OfficeOffice WarehouseAutomotive Disclosures Covenants Documents On File Leases Exchange Trade No Existing Utilities ElectricInternetNatural GasPhoneSanitary Sewer Fixtures Included No Gross Scheduled Income 214103 Inventory Included No Lease Included Yes Monthly Cam Charges Varies Monthly Insurance Charges Varies Net Operating Income 203402 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 2020 Tenant Pays Building InsuranceCommon Area MaintenanceElectricExt Maintenance (Bldg)GasInterior MaintenanceJanitorialReal Estate TaxesSewer/WaterSite Maintenance (Prop)Snow RemovalTrash Total Electric Meters 3 Total Gas Meters 3 Total Taxes 20585.52 Total Water Meters 1 Type Multi-Use Vacancy Factor Prcnt 5 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 2021. 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 The Dawn Howe Group | Keller Williams Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2021-05-11T15:56:30.943.
     
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    The Dawn Howe Group | Keller Williams Realty
    PO Box 2142
    Crested Butte CO, 81224
    Listing courtesy of Coldwell Banker Distinctive Properties.