Josh Fields - Coldwell Banker Distinctive Properties
2860 S Circle Drive
Colorado Springs, CO 80906

$4,500,000

Description

Fantastic Office Opportunity! 4 Story with Walk out Basement, On Site Storage, Large Conference Room, Remodeled Bathrooms, 2 Elevators, 82,500 Gross Square Feet, approximately 71,229 rented square foot. 92% Current Occupied Spaces. Great Combination of month to month, Short & Long Term Leases. Rents are Low and Average $8 per sq ft....Potential at $10, $11 & $12 per square foot! Upside is HUGE!!!!! Right off I-25 and Lake/Circle Exit (138) Some Updating Already Complete. Several New Heat Pumps, New Digital Signage Just Installed for Advertising Potential Additional Income. Listing Broker has a ownership interest in building.

Details

MLS#7457126
StyleIndustrial
Sub-TypeResale
StatusActive
Year1972
Days On Site57

Features

SQ Feet82,500
Story(s)1
ZoningC-2

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Area Information

StateCO
CountyEl Paso
CityColorado Springs
Zip Code80906
AreaEl Paso
Listing VS Median (in 80906)
Price:
$4,500,000
low | high
Med:
$567,000
100% of Average
SqFt:
82,500
low | high
Med:
3,345
100% of Average
$ / SqFt:
$55
low | high
Med:
$180
100% of Average
On Site:
57
low | high
Med:
17.5
100% of Average
Listing Updated: 11/12/2018
MLS Number: 7457126
Listing Provided By:
Trish A. Rayner  of  MB Metro Brokers 7th Avenue Properties LLC
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