Listed by Trend Commercial Real Estate
$3,500,000
4703-4755 Northpark Drive
Details
Property Type Industrial
Sub Type Flex
Square Footage 23,190
Cap Rate 6.00%
NOI $219,230
Occupancy 99%
Tenancy Multi
Lease Type NNN
Price per SqFt $151
Class B
Year Renovated 2022
Acreage 1.520
Ceiling Height 18'
6 % CAP - Fully Leased Industrial Investment for Sale - 4703 Northpark Drive, Colorado Springs, CO P
Marketing description
Multi-Tenant. Newer Class B+ office/warehouse in the Garden of the Gods. One block to I-25. 99% occupied for the last 20+ years. Large breakroom. Restrooms on both floors.
Investment highlights
- Sale Price: $3,500,000.00, ($150.93 PSF)
- Total Building Size: 23,190 SF
- Suite 4703: 7,502 SF, 50% Office/50% Warehouse
- Suite 4755: 15,688 SF, 10% Office/90% Warehouse
- Complete New Roof in 2022
- 18' Clear in Warehouse
- Dock and Ramp Doors
- Great Access to I-25
- NOI: $219,230 (2025)
- Cap Rate 6%
Listing Contacts
Listed by Trend Commercial Real Estate
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$219,230.00
$18,269.17/mo
Valuation Metrics
0
DSCR
6.26%
Cap Rate
6.26%
ROI
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