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L3Harris Corporation | Colorado Springs, CO 8955 Drennan Rd

45,251 SF Office Building Colorado Springs, CO 80925 $6,750,000 ($149/SF) 7.64% Cap Rate

Office Space Colorado Colorado Springs 8955 Drennan Rd, Colorado Springs, CO 80925

Investment Highlights

  • Single-Tenant L3Harris Technologies Building: 24+ year operating history (original lease from 2000)
  • L3Harris Technologies is an Investment-Grade Credit Tenant (S&P: BBB): L3Harris has more than 50,000 employees & a market cap in excess of $47 billion
  • Tenant has expanded their footprint at location throughout its tenancy | 45,251-square-foot building on a large 10-acre lot
  • Strategic Location: Subject property is located near the Colorado Springs Airport, Fort Carson Military Base, and the Air Force Academy

Executive Summary

Single-Tenant L3Harris Technologies Building (NYSE: LHX) | Investment-Grade Credit Tenant (S&P: BBB) | Large 10-Acre Parcel

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office
Building Size
45,251 SF
Building Class
B
Year Built
1984
Price
$6,750,000
Price Per SF
$149
Cap Rate
7.64%
NOI
$515,515
Tenancy
Single
Building Height
1 Story
Typical Floor Size
45,251 SF
Building FAR
0.10
Lot Size
10.00 AC
Zoning
I-2 - Limited Industrial - Limited Industrial
Parking
178 Spaces (3.95 Spaces per 1,000 SF Leased)

Links

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8955 Drennan Rd, Colorado Springs, CO - Site Plan Image

PROPERTY TAXES

Parcel Number 55032-01-001 Improvements Assessment $949,460
Land Assessment $88,720 Total Assessment $1,038,180

PROPERTY TAXES

Parcel Number
55032-01-001
Land Assessment
$88,720
Improvements Assessment
$949,460
Total Assessment
$1,038,180
(844) 585-7678

Contacts

  • Listing ID: 33552033

  • Date on Market: 10/17/2024

  • Last Updated:

  • Address: 8955 Drennan Rd, Colorado Springs, CO 80925

More public record information on 8955 Drennan Rd, Colorado Springs, CO 80925

The Office Property at 8955 Drennan Rd, Colorado Springs, CO 80925 is currently available for sale. Contact Hanley Investment Group for more information.

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8955 Drennan Rd, Colorado Springs, CO for sale Building Photo- Image 1 of 5
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8955 Drennan Rd, Colorado Springs, CO for sale Site Plan- Image 2 of 5
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L3Harris Corporation | Colorado Springs, CO | 8955 Drennan Rd
(844) 585-7678 x

L3Harris Corporation | Colorado Springs, CO | 8955 Drennan Rd

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Dylan Mallory

(844) 585-7678

(844) 585-7678

Jeff Lefko

(844) 585-7682

(844) 585-7682

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