2812 West Colorado Avenue
Colorado Springs, CO 80904 ·
600 SF · Office For Lease
2812 West Colorado Avenue
|Rental Rate||$0.79 /SF/Month||Building Class||C|
|Total Space Available||600 SF||Year Built||1985|
|Property Type||Office||Lot Size||0.32 AC|
|Building Size||8,088 SF|
|Listing ID: 17203354||Date Created: 06/15/2011||Last Updated: 09/15/2016|
1 Space Available
Display Rental Rate as
||Space Type||Office Building|
|Space Available||600 SF||Lease Type||Other|
INVESTMENT PROPERTY FOR SALE: This is a very attractive, 2 story, 8,088 square feet, mixed use (office/retail) building located in the historic Old Colorado City shopping district on West Colorado Avenue. The property is fully-leased with seasoned tenants who wish to remain in tenancy. The building is in good physical condition with NO immediate capital improvement costs or management issues expected.
The gross rent (approximately $89,000 (only $11.00 psf)) is below market. Operating costs are approximately $29,000 ($3.63 psf). Of the operating costs, taxes are: $7,750 and insurance is: $3,095.
The effective NOI is $60,000. The asking price, $700,000 (only $86.55 psf) is below replacement cost.
The income divided by the investment ($60,000/$700,000) = 9% cash-on-cash return!
West Colorado Avenue, Between South 28th street and South 29th Street
2812 West Colorado Avenue, Colorado Springs, CO 80904 (El Paso County)
Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property
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Contact Listing Broker
Hoff & Leigh, Inc.
Specializing in Colorado Springs metro area
Colorado Springs, CO · 719-337-9551
I've been in the commercial real estate business for over 30... more
Colorado Springs, CO · 719-630-2277
Holly Trinidad is a third generation Commercial Real Estate... more
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