Address
799 Tech Center Drive Durango, CO
Price
$ 2,250,000
Property Attributes
  • MLS#779164
  • TypeCommercial
  • CountyLA PLATA
  • CityDurango
  • AreaDurango In Town
  • NeighborhoodDurango Tech
  • Zip81301
  • StyleMulti-Use
  • Year Built2005
  • Taxes20585
  • Price$ 2,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage13166
Listing Provided Courtesy Of:
Coldwell Banker Distinctive Properties
Data Source:
Colorado Real Estate Network
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.

Price History
3/1/2021 Listed $2,600,000
3/5/2021 14% - $2,250,000

General Features

Class COMMERCIAL
Flooring Carpet, Concrete
New Construction Y/N No
Parking 20 + Total Spaces, Common, Fenced, Paved
Roof Metal
Sewer Public Sewer Installed
Status Active
Status Active
Stories 2
Subdivision Durango Tech
Type Multi-Use
Utilities Electric, Internet, Natural Gas, Phone, Sanitary Sewer
Zoning Commercial

Interior Features

Finished SF 13166
Fixtures Included No
Total Rooms 3

Exterior Features

Carport No
Domestic Water Public
Foundation Slab
Lot Dimensions N/A
Parking Spaces 25
Railroad Siding/spur No
Water Rights/irrig. No
Waterfront No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 81301

Price
AVG $1.07M
$2.25M
Taxes
AVG $8,080
$20,585
Visits
AVG 28
34
Year Built
AVG 1966
2005
Walkscore
AVG 60
20
Data Provided by Walkscore ® not using MLS data

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