1445 N Union Blvd | Colorado Springs, CO 80909
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1445 N Union Blvd
Colorado Springs, CO 80909
Brooks Building · Office Property For Sale
Investment Highlights
- Average daily traffic on Union South of Palmer Park is 23,281 vehicles. Palmer Park east of Union is 11,130 vehicles per day.
- Open reception area, kitchen/break room and conference room.
- Surrounding area includes favorites BJ's Velvet Freeze, Leon Gessi Pizza, and Patty Jewett Golf Course.
- Newly renovated space is well appointed for all types of users.
Executive Summary
This property is located on N Union Blvd and Palmer Park Blvd.
ZONING: OR (Office / Residential), appropriate for a variety of uses. 7,113 SF Building. 20,470 SF (0.47 Acre) Lot. 3.9 Parking spaces per 1,000 SF. Central location with easy access to downtown (7 minutes). $1,200,000 Asking Price ($168.71 PSF). Excellent Owner / User or Investment Building. 6.73% CAP Rate (2023)
ZONING: OR (Office / Residential), appropriate for a variety of uses. 7,113 SF Building. 20,470 SF (0.47 Acre) Lot. 3.9 Parking spaces per 1,000 SF. Central location with easy access to downtown (7 minutes). $1,200,000 Asking Price ($168.71 PSF). Excellent Owner / User or Investment Building. 6.73% CAP Rate (2023)
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
7,113 SF
Building Class
C
Year Built
1985
Price
$1,200,000
Price Per SF
$169
Cap Rate
6.73%
NOI
$80,760
Percent Leased
49%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,129 SF
Building FAR
0.35
Lot Size
0.47 AC
Zoning
OR - Office / Residential - Appropriate for a variety of uses.
Parking
25 Spaces (3.91 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 64092-08-052 | Improvements Assessment | $154,960 |
| Land Assessment | $31,170 | Total Assessment | $186,130 |
PROPERTY TAXES
Parcel Number
64092-08-052
Land Assessment
$31,170
Improvements Assessment
$154,960
Total Assessment
$186,130
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