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1220 Valley St
Colorado Springs, CO 80915
Industrial Property For Sale
Investment Highlights
- Strong upside potential, as the larger tenant is set for a 15% rent increase next summer & smaller tenant is well below market rents.
- The property was constructed from reinforced concrete in 1972, and benefits from I-2 CAD-O zoning, suitable for a wide range of industrial uses.
- The property is fully leased to two tenants with a weighted average lease term (WALT) of 5.2 years.
- The industrial/flex warehouse is ±18,300 square feet in size and resides on a ±1.25- acre lot, positioned near major thoroughfares.
- Notable features include 4 grade-level doors, 1 dock-high door, 14-foot clear height, ample parking.
- The primary tenant, Foster Electric Corp, occupies approximately 14,000 square feet under a NNN lease that extends through July 31, 2031.
Property Facts
| Property Type | Industrial | Year Built | 1972 |
| Property Subtype | Warehouse | Parking Ratio | 2.19/1,000 SF |
| Building Class | B | Clear Ceiling Height | 14’ |
| Lot Size | 1.25 AC | No. Dock-High Doors/Loading | 1 |
| Rentable Building Area | 18,300 SF | No. Drive In / Grade-Level Doors | 4 |
| No. Stories | 1 | ||
| Zoning | I-2 CAD-O | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.25 AC |
| Rentable Building Area | 18,300 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Parking Ratio | 2.19/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | I-2 CAD-O |
Property Taxes
| Parcel Number | 54072-03-006 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $482,550 |
Property Taxes
Parcel Number
54072-03-006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$482,550
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