Pikeview Point | 2761-2771 Briargate Blvd
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Pikeview Point 2761-2771 Briargate Blvd
12,253 SF 100% Leased Retail Building Colorado Springs, CO 80920 $2,750,000 ($224/SF) 6.38% Cap Rate
Investment Highlights
- First time on market in 20 years
- Great demographics, visibility and drive by traffic
- Rare opportunity to own small stabilized retail with strong leasing history in Briargate
Executive Summary
Offered at $2,750,000 with a 6.38% cap rate, this is a rare opportunity to own a stabilized retail property in the highly desirable northern Colorado Springs market. Hitting the market for the first time in 20 years, this asset boasts strong leasing history, exceptional visibility, and high drive-by traffic. Located in an area with excellent demographics, this property presents both immediate income stability and a value-add opportunity for future growth. Don’t miss this chance to invest in one of Colorado Springs’ most sought-after retail areas.
Contact Broker for more information and OM.
Contact Broker for more information and OM.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
12,253 SF
Building Class
B
Year Built/Renovated
1987/2016
Price
$2,750,000
Price Per SF
$224
Cap Rate
6.38%
NOI
$175,450
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.78 AC
Zoning
PBC-CR ,Colorado Springs
Parking
82 Spaces (6.69 Spaces per 1,000 SF Leased)
Frontage
210 FT on Briargate Blvd
Amenities
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 63044-12-090 | Improvements Assessment | $241,850 |
| Land Assessment | $182,790 | Total Assessment | $424,640 |
PROPERTY TAXES
Parcel Number
63044-12-090
Land Assessment
$182,790
Improvements Assessment
$241,850
Total Assessment
$424,640
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Pikeview Point | 2761-2771 Briargate Blvd
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