5030 Boardwalk Dr
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5030 Boardwalk Dr
6,400 SF Vacant Office Building Colorado Springs, CO 80919 $1,395,000 ($218/SF) 6.50% Cap Rate
Executive Summary
5030 Boardwalk: The Perfect Coupon Clipper!
5030 Boardwalk, a fully leased office building, generates an annual income of approximately $90,710 (based on 2024 rental income). This meticulously maintained property boasts four well-appointed suites that have consistently remained leased, even during the challenges of the COVID era.
Exceptional Renovation & Care:
During 2017-2018, the building underwent a comprehensive renovation, resulting in a modern and functional interior layouts, perfectly suited for a diverse range of office users. The property remodel included a new roof, new HVAC, all new interior finishes, new landscaping, and new electrical. It’s practically a new building!
Premier Location: Northwest Corridor:
Nestled in one of Colorado Springs’ most coveted areas, the Northwest Corridor, this asset enjoys proximity to affluent neighborhoods and the scenic Garden of the Gods just a minute’s drive away. Conveniently located with easy access to I-25, it presents an ideal location for businesses and tenants alike. The building is minutes from shops, restaurants, breweries and more!
Stable Tenant Mix & Lease Terms:
This property boasts a stable tenant mix, consisting of quiet and professional office users. With consistent rental income, this investment offers both security and potential for further growth.
5030 Boardwalk, a fully leased office building, generates an annual income of approximately $90,710 (based on 2024 rental income). This meticulously maintained property boasts four well-appointed suites that have consistently remained leased, even during the challenges of the COVID era.
Exceptional Renovation & Care:
During 2017-2018, the building underwent a comprehensive renovation, resulting in a modern and functional interior layouts, perfectly suited for a diverse range of office users. The property remodel included a new roof, new HVAC, all new interior finishes, new landscaping, and new electrical. It’s practically a new building!
Premier Location: Northwest Corridor:
Nestled in one of Colorado Springs’ most coveted areas, the Northwest Corridor, this asset enjoys proximity to affluent neighborhoods and the scenic Garden of the Gods just a minute’s drive away. Conveniently located with easy access to I-25, it presents an ideal location for businesses and tenants alike. The building is minutes from shops, restaurants, breweries and more!
Stable Tenant Mix & Lease Terms:
This property boasts a stable tenant mix, consisting of quiet and professional office users. With consistent rental income, this investment offers both security and potential for further growth.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,400 SF
Building Class
B
Year Built/Renovated
1982/2009
Price
$1,395,000
Price Per SF
$218
Cap Rate
6.50%
NOI
$90,710
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,191 SF
Slab To Slab
12’
Building FAR
0.42
Land Acres
0.35 AC
Zoning
PBC CU
Parking
25 Spaces (4 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 73232-08-033 | Improvements Assessment | $313,770 |
| Land Assessment | $30,770 | Total Assessment | $344,540 |
PROPERTY TAXES
Parcel Number
73232-08-033
Land Assessment
$30,770
Improvements Assessment
$313,770
Total Assessment
$344,540
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Holly Trinidad -
Timothy Leigh -
Hoff & Leigh Colorado Springs, LLC
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5030 Boardwalk Dr
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