Industrial for Sale
Catylist Listing ID: 30228975
Property Subtypes: Warehouse/Distribution, Flex Space, Flex Space, Research & Development
Building Size (RSF): 39,500 SF
Gross Land Area: 4.23 Acres
Sale Price: $4,600,000
Unit Price: $116.46 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: 7.8%
Last Updated: 4/8/2018

Overview / Comments

• Below market lease rates provide for good upside as leases renew.• Many new HVAC rooftop units.• Strong tenant mix with staggered lease terms.• Recent property upgrades and interior finishes.• Recent partial roof replacement.• Successful property tax appeal for 2018 tax year.• Complete offering package and rent roll available by request.

Additional Details

Nearest MSA: Colorado Springs
County: El Paso
Tax ID/APN: 6304203006
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1985
Parking Description: 3.75

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,800 79,751 196,925
Median Age: 36.99 36.68 36.02
Households: 4,274 30,189 75,429


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