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22024832
22024838

4445 Northpark Dr, Colorado Springs, CO 80907

TL
CO EA314631
Hoff & Leigh Colorado Springs
HT
CO ER.100022369
Hoff & Leigh Colorado Springs
Listed by Hoff & Leigh Colorado Springs
$2,750,000
465 days on market
Updated 14 days ago
Opportunity zone

4445 Northpark Dr

Details
Property Type Office
Sub Type Traditional Office
Square Footage 14,080
Cap Rate 6.50%
NOI $165,000
Occupancy 100%
Tenancy Multi
Price per SqFt $160
Class C
Year Built 1970
Buildings 1
Stories 2
Acreage 1.080
Zoning M1

High visibility within a professional business park setting | Perfect for Investor

Marketing description

FOR SALE!

4445 Northpark is a great location for anyone who’d like prime access at I-25 & Garden of the Gods Road.

The building was recently remodeled including the interior office suites, the electric, HVAC, and a new roof with 9” of insulation, and all new double pane, insulated windows. The building is a solid investment generating around $166,000 NOI with below market rates. It would be a good fit for a buyer/occupant, too. The building has been very well maintained. No anticipated cap X required.

Because of the flexible tenant mix, there could be up to 1,500 – 4,000 SF available.

Suite 103 is also for lease: 1,000SF | $1,650/Month (Full Service)

  • What: 2 Story Office Building

  • Size: 14,080 SF

  • Lot Size: 1.08 Acres

  • Zoning: L1

  • Year Built: 1970

  • Year Remodeled: 2022 – 2024

  • Price PSF: $196.00NOI: $166,000

  • Cap Rate: 6%

  • Taxes: $10,261 Annually

  • Insurance: $5,201 Annually

  • Utilities: $1,247 Per Month

  • Reason For Sale: Tax Considerations

  • Located in TAX FAVORED Opportunity Zone + HUB Zone

For a private showing and all the confidential financial details

call Tim Leigh: 719-377-9551 or Holly Trinidad: 719-337-0999

Listing Contacts

TL
CO EA314631
Hoff & Leigh Colorado Springs
HT
CO ER.100022369
Hoff & Leigh Colorado Springs
Listed by Hoff & Leigh Colorado Springs

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$165,000.00
$13,750.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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