Listed by NAI Highland, LLC
$10,600,000
11675 Ridgeline Dr
Details
Property Type Office, Industrial
Sub Type Traditional Office, Warehouse
Square Footage 37,741
NOI $747,564
Occupancy 100%
Tenancy Multi
Lease Expiration 12/30/2034
Price per SqFt $281
Class A
Year Built 2003
Year Renovated 2024
Stories 2
Acreage 3.460
Zoning Business Park
Parking Spaces 90 spaces
Parking per 1,000 SqFt 2.38
Investment Type Owner/User
Ceiling Height 28
Loading Docks 2
Dock High Doors 2
Office | 37,741 SqFt
Marketing description
Class A 37,741 square-foot office / distribution investment property. A first-floor tenant on a long-term lease at this great location in north central Colorado Springs. The building was constructed in 2003 then remodeled and updated for both tenants in 2024. Located in fast-growing Colorado Springs, Colorado with a metro population of over 715,000. Dynamic economy fueled by aerospace, tech companies, tourism, five military installations, and a great quality of life in the Pikes Peak region. Superior location near I-25 and 50 minutes to Denver
Investment highlights
- Owner / User Opportunity
- Partially leased through 2034
- 2025 capex / remodel
- Highly desirable sub-market with low vacancy
- Ideal for 1031 investors
- Video link :https://www.youtube.com/watch?v=iYI4B7lmJuQ
Listing Contacts
Listed by NAI Highland, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$747,564.00
$62,297.00/mo
Valuation Metrics
0
DSCR
7.05%
Cap Rate
7.05%
ROI
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