2175 N Academy Cir | Colorado Springs, CO 80909
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2175 N Academy Cir
Colorado Springs, CO 80909
Springs Office · Office Property For Sale
Executive Summary
Well-kept and 95% OCCUPIED multi-tenant office building with a BRAND NEW ROOF and excellent tenants. Brick building with many large windows and views of Pikes Peak. The landscaping is nicely maintained for curb appeal. All 3 floors offer income producing areas with long-term, stable and professional tenants. Parking spaces are also leasable (35 Spaces). The building includes a kitchen with appliances and a conference/meeting area. There is heat and air conditioning throughout the building. Men and women’s restroom on all 3 floors. Easy and low maintenance of the building. All contractors are in place, but can be changed at any time. Easy access of Academy Blvd. The building is located in a great business park area. There is extra storage space in the lower level.
This building is an excellent opportunity for an investor to immediately generate income with current tenants and easy-to-manage building. Class B building. Many improvements. Year built: 1985. Square footage: 10,392
Type: Commercial
Sub type: Office building
Property is in a trust. Trustee is a licensed real estate agent. Property being sold in a 1031 exchange.
CONTACT: LESLIE STEVENS AT (714) 343-6401 OR LESLIE@ECLIPSEPROPERTIES.NET
This building is an excellent opportunity for an investor to immediately generate income with current tenants and easy-to-manage building. Class B building. Many improvements. Year built: 1985. Square footage: 10,392
Type: Commercial
Sub type: Office building
Property is in a trust. Trustee is a licensed real estate agent. Property being sold in a 1031 exchange.
CONTACT: LESLIE STEVENS AT (714) 343-6401 OR LESLIE@ECLIPSEPROPERTIES.NET
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
10,392 SF
Building Class
B
Year Built/Renovated
1985/2022
Price
$1,999,000
Price Per SF
$192
Cap Rate
9%
NOI
$179,910
Percent Leased
85%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,464 SF
Slab To Slab
10’
Building FAR
0.46
Lot Size
0.52 AC
Zoning
OC SS - Office, commercial
Parking
35 Spaces (3.37 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Conferencing Facility
- Kitchen
- Storage Space
- Central Heating
- Fully Carpeted
- Partitioned Offices
- Drop Ceiling
- Wi-Fi
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 64022-18-012 | Improvements Assessment | $251,610 |
| Land Assessment | $42,800 | Total Assessment | $294,410 |
PROPERTY TAXES
Parcel Number
64022-18-012
Land Assessment
$42,800
Improvements Assessment
$251,610
Total Assessment
$294,410
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