$2,250,000

799 Tech Center Drive A

Durango CO, 81301

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.

Details

MLS#779164
Listing TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year2005
Days On Site77

Features

SQ Feet13,166
Story(s)2
Units3
ZoningCommercial

Market Activity 81301

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Area Information
StateCO
CountyLa Plata
CityDurango
Zip Code81301
AreaDurango In Town
Listing VS Median (in 81301)
Price:
$2,250,000
low | high
Med:
$479,900
100% of Average
SqFt:
13,166
low | high
Med:
0
100% of Average
$ / SqFt:
$171
low | high
Med:
$0
100% of Average
On Site:
77
low | high
Med:
83
92.771084337349% of Average
Sourced by Back At You
Listing Updated: May 17, 2021 8:37:24 PM PDT
Listing Provided By: Todd Sieger of Coldwell Banker Distinctive Properties

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