Property Details for 450 Camino Del Rio #209 Unit

Property size

1,031 SF

Property type

Office properties & Spaces

Description

This exceptional 1,031 square foot Class "A" office condominium in Durango, Colorado presents a compelling investment opportunity. Located on the second floor of a well-maintained building, this unit boasts stunning Animas River views and a highly desirable location within a professional office complex. Currently leased to Shield Insurance through September 30, 2025, with a three-year extension option, this property offers immediate and predictable cash flow. The lease agreement is a Triple Net (NNN) lease, with the tenant responsible for all operating expenses including CAM fees (currently $375 per month, subject to change), utilities, and real estate taxes. The current annual rent is $16,128, increasing 3% annually. The unit features attractive finishes, including floor-to-ceiling windows that maximize natural light and the river views. The layout includes two private offices and an open floor plan, providing flexibility for various professional uses. Building amenities include elevator access, a common area deck, and common area restrooms. Ample, undesignated parking is available, along with high-speed internet access. This turnkey investment property offers a rare combination of passive income, strong tenant occupancy, and a prime location in Durango's thriving professional sector. The consistently high occupancy rate of similar units in this building underscores the long-term stability and potential for appreciation. This is an ideal opportunity for investors seeking a low-maintenance, high-return investment in a desirable Colorado location.

Location Insight

City

Durango

County

La Plata

State

Colorado

Longitude

-107.874

Latitude

37.2494