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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



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 | No. Stories | 1 |
| Price Per SF | $148.36 | Year Built | 2001 |
| Sale Type | Investment | Tenancy | Single |
| Cap Rate | 5.70% | Parking Ratio | 1.92/1,000 SF |
| Property Type | Flex | Clear Ceiling Height | 20’ |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Lot Size | 1.14 AC | No. Drive In / Grade-Level Doors | 2 |
| Rentable Building Area | 12,470 SF | Opportunity Zone |
Yes
|
| Zoning | PIP,Colorado Springs | ||
| 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
1 1
Property Taxes
| Parcel Number | 64240-08-008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $551,380 |
Property Taxes
Parcel Number
64240-08-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$551,380
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Airport Powers Business Centre I | 1370 N Newport Rd
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