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Airport Powers Business Centre I 1370 N Newport Rd 12,470 SF Flex Building Colorado Springs, CO 80916 $1,850,000 ($148.36/SF) 5.70% Cap Rate

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EXECUTIVE SUMMARY

Introducing a prime investment opportunity at 1370 N. Newport Rd., Colorado Springs, CO! This property boasts a long-term lease with Sherwin-Williams, a global industry leader with a solid financial standing. The Sherwin-Williams store at this location serves as a vital resource for professionals in Colorado Springs, providing a wide range of painting and coating products along with floor covering services. Conveniently situated near the Colorado Springs Airport, this property is ideally located in a dynamic and growing city with a population nearing 500,000 residents. With a below-market rent and a blue-chip tenant, this investment offers a compelling opportunity. The current lease includes attractive rent increases and renewal options, ensuring a stable and lucrative income stream for the savvy investor. Don't miss out on this chance to own a property with a renowned tenant and strong potential for growth in a thriving market.

PROPERTY FACTS

Price $1,850,000
Price Per SF $148.36
Sale Type Investment
Cap Rate 5.70%
Property Type Flex
Building Class B
Lot Size 1.14 AC
Rentable Building Area 12,470 SF
No. Stories 1
Year Built 2001
Tenancy Single
Parking Ratio 1.92/1,000 SF
Clear Ceiling Height 20’
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 2
Opportunity Zone Yes
Zoning PIP,Colorado Springs

AMENITIES

  • Bus Line

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
64240-08-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$551,380
  • Listing ID: 37684122

  • Date on Market: 9/15/2025

  • Last Updated:

  • Address: 1370 N Newport Rd, Colorado Springs, CO 80916

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