Listed by NAI Highland, LLC
$14,495,000
4615-4619 Foreign Trade Zone Blvd
Details
Property Type Office, Industrial
Sub Type Traditional Office, Warehouse
Square Footage 85,176
Cap Rate 7.50%
NOI $1,083,419
Occupancy 100%
Tenancy Single
Brand/Tenant L3 Harris Corp.
Lease Type Net
Lease Expiration 01/30/2029
Rent Bumps Yes
Price per SqFt $170
Buildings 2
Stories 1
Acreage 6.400
Investment Type Net Lease
Tenant Credit Credit Rated
Office | 7.50% CAP | 85,176 SqFt
Marketing description
85,176 SF Fully Leased Office Warehouse Campus. Substantial improvements made by Tenant. National Long-Term Credit Tenant - L3 Harris. Located in a fast growing area of Colorado Springs. Annual Rent Increases.
Investment highlights
- 100% Leased To L3 Harris Corp., A Fortune 500 Aerospace Defense Company
- Stock Symbol Lhx
- Initial Occupancy 2008
- Lease Recently Extended Through January 2029
- Excellent Investment With Long-Term Tenant In Rapidly Growing Area
- Population Of 770,000 (El Paso County)
- Home Of U.S. Peterson Space Force Base, Falcon Air Force Station, Fort Carson Army Base & U.S. Air Force Academy
- Building: Westport Buildings
- Improvements: Two Buildings 85,176 Sf
- Land Area: 6.4 Acres
- Location: Colorado Springs | El Paso County
- Fully Fenced
- Several Tenant Funded Improvements/ Scif Areas
Listing Contacts
Listed by NAI Highland, LLC
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,083,419.00
$90,284.92/mo
Valuation Metrics
0
DSCR
7.47%
Cap Rate
7.47%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Brokerage Address
Is there information that looks off?
