194 Bodo Drive Suites 4, 5, 6, & 7
Durango, CO 81301

$1,475,000

Description

Investment Property LEASED to a International Company this 10,500 sq ft versatile commercial building on approximately 0.71 acres in Bodo Industrial Park is a secure investment. Multi purpose building features multiple offices, plus show room, kitchen/break room, warehouse areas, 4 bathrooms, conference room, 4 overhead doors, and high ceilings which vary from 12 feet to 14 feet in height. The building is 4 units in part of a group of business condominiums. The location has been used for manufacturing and was also approved for retail/warehouse. Now Leased until June 2019 with an option to renew, the property is leased for $9,343 per month ($112,116 per year), (see lease in "Associated Docs") and rent increased 2% per year plus any increase in R.E. taxes are passed onto tenant's lease. The only expenses the Seller pays is the base Real Estate Taxes ($9,848.60 per year), plus Real Estate Hazard Insurance (approximately $3,000 per year). Seller financing available for qualified purchaser with 25% down. Building is in great condition and features 3 Phase 440 Power, L.E.D. Lighting, recently replaced roof, "concrete tilt up construction" with 6 inch thick concrete floors and few weight barring walls. The property is 4 legally separate business condos which have been made into one space and could be demised into separate units if needed.

Details

MLS#730243
Sub-TypeResale
StatusActive
Days On Site443

Features

SQ Feet10,500
Story(s)1
Units1
ZoningCommercial

Market Activity 81301

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Area Information

StateCO
CityDurango
Zip Code81301
AreaDurango In Town
Listing VS Median (in 81301)
Price:
$1,475,000
low | high
Med:
$439,000
100% of Average
SqFt:
10,500
low | high
Med:
1,176
100% of Average
$ / SqFt:
$140
low | high
Med:
$373
100% of Average
On Site:
443
low | high
Med:
126
100% of Average
Listing Updated: 06/22/2018
MLS Number: 730243
Listing Provided By:
Scott Kurlander  of  Keller Williams Realty Southwest Associates LLC



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