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- LoopNet Team
555 Rivergate Ln
Durango, CO 81301
Multifamily Property For Sale
·
1 Unit
INVESTMENT HIGHLIGHTS
- High demand location
- Long term tenant
- Easy access and 2 garage parking spaces
EXECUTIVE SUMMARY
Great investment property in a high demand area. Main level retail office business condo in the Rivergate Complex with a long term tenant. Good investment property. Large open room works well for retail, classroom training center, yoga studio, fitness center, etc. 1,215 finished gross sq. ft. Concrete floor and drop ceiling, with sprinkler system and central HVAC. All walls are non weight baring. Two garage parking spaces. Built in 2004. Rented at $1,973.48 per month NNN, to "LAB COR" who a national medical tenant through March 31, 2024 with the right to extend. Lease is "Triple Net", plus electric utilities, plus $417.88 per month C.A.M. fees (which includes the water, sewer, trash, common area maintenance, hot water, heating & cooling), plus 1/12th of the taxes ($346.43 per month). "Class A" Commercial facility with easy access & parking, plus 2 garage spaces. Good for 1031 Deferred Tax Exchange and/or investment.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- On-Site Retail
- Maintenance on site
- Public Transportation
