450 S Camino Del Rio #203 #203 Durango CO Real Estate
Good long term investment goes up every year and secured with a 921 sq ft business condominium professional medical office on 2nd level with long term lease to Orthodontists of SW Colorado. Currently for leased for $1,414 per month Triple Net until December 31, 2023 with a 3 year option to renew. Office has been used as a Dentist office for over 15 years with 1/2 bath and very nice finish. The 2023 $16,900 per year 'Triple Net' income increases 3% annually on January 1st of each year. Elevator access, Common area deck, common restrooms, plenty of non designated parking spaces, and high speed internet access. Priced below the cost of construction this opportunity is the first time on the market since built and will be a safe long term investment for any investor in a quality Class 'A' Building with on site management and is shared with many medical and professional businesses.