Description
Long term passive investment business condominium for a 1,031 sq ft professional office on the 2nd level with income which goes up every year. Leased to Shield Insurance through September 30, 2025 with 3% annual increases plus an option to extend for another 3 year term. Very nice finishes with floor to ceiling windows, elevator access, 2 offices plus open floor plan. Common area deck, common area restrooms, plenty of non designated parking, and high speed internet access. Leased for $15,200 per year Triple Net, the rent increases 3% annually on the anniversary date of the lease. This is a true Triple Net Lease and the tenant pays the C.A.M. fees currently $375.00 per month (subject to change), plus tenant pays utilities, and R.E. Taxes, making this a very passive investment in a well built quality Class "A" Building with many medical and professional offices.
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
-
1,031SQFT
-
$291$/SQFT
School Ratings & Info
Description
Long term passive investment business condominium for a 1,031 sq ft professional office on the 2nd level with income which goes up every year. Leased to Shield Insurance through September 30, 2025 with 3% annual increases plus an option to extend for another 3 year term. Very nice finishes with floor to ceiling windows, elevator access, 2 offices plus open floor plan. Common area deck, common area restrooms, plenty of non designated parking, and high speed internet access. Leased for $15,200 per year Triple Net, the rent increases 3% annually on the anniversary date of the lease. This is a true Triple Net Lease and the tenant pays the C.A.M. fees currently $375.00 per month (subject to change), plus tenant pays utilities, and R.E. Taxes, making this a very passive investment in a well built quality Class "A" Building with many medical and professional offices.
![[Colorado Real Estate Network] logo](https://static.boomtownroi.com/content/photos/CREN/idx/idx-large.gif)
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2023. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer
Real Estate listings held by companies other than Western Slope Real Estate contain that company’s name.
Fair Housing Disclaimer
This data was last updated: 2023-04-01T23:56:25.347.