225 S Academy Blvd
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225 S Academy Blvd
15,556 SF 100% Leased Office Building Colorado Springs, CO 80910 $1,975,000 ($127/SF) 8.25% Cap Rate
Investment Highlights
- 15,576 Square Foot Office Building with frontage to South Academy.
- Plenty of Off Street parking
- Currently zoned PBC A) and sits on 1 acre of land.
- Multiple Tenants in Place make this a great investment.
Executive Summary
Great Office building on South Academy. Building has been very well cared full and recently updated. Plenty of off street parking and great visibility on Academy. Property has multiple tenants, some of which are very long term. Building is currently zoned PBC AO and sits on 1 acre of land. This would be a turn key investment for someone.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
15,556 SF
Building Class
C
Year Built
1971
Price
$1,975,000
Price Per SF
$127
Cap Rate
8.25%
NOI
$162,938
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,882 SF
Slab To Slab
11’
Building FAR
0.36
Lot Size
1.00 AC
Zoning
PBC,Colorado Springs
Parking
52 Spaces (3.75 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Convenience Store
- Restaurant
- Signage
Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 64143-16-004 | Improvements Assessment | $158,230 |
| Land Assessment | $78,390 | Total Assessment | $236,620 |
PROPERTY TAXES
Parcel Number
64143-16-004
Land Assessment
$78,390
Improvements Assessment
$158,230
Total Assessment
$236,620
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225 S Academy Blvd
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