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 #021 -
Colorado Springs Business Center
PRICE: $4,500,000.
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Terms: Loan must be assumed ($1,5 M loan @ 6.32%, 25 yr am, 10yr call)
CAP Rate: 7.4 % for 06 and 7.9 for 2007 projected (more information
on request)
Uses: retail / industrial
Improvements: 44,925 sq ft (four buildings)
Land: 2.35 acres (102,366 sq ft)
Zoning: c-6
Recent capital improvements: new roofs - new asphalt 2” overlay on
parking lots in 2004 & 5
Leases & Rates: NNN leases, rates are $6.50 to $10. per sq ft (below
market)
Property details: Great location - well designed - 10x10 rear overhead
doors – brick and block construction - three phase - large window in
office showrooms – frontage on Garden of the Gods Road with excellent
visibility and high traffic count - multiple easy accesses to all major
thoroughfares, including I-25 - large parking area - large rear loading
area.
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