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Victory Ridge Building B 1828 Spring Water Pt 15,226 SF 50% Leased Retail Building Colorado Springs, CO 80921 $6,300,000 ($413.77/SF) 6.32% Cap Rate
INVESTMENT HIGHLIGHTS
- 50% Leased, 6.6% Cap rate!
EXECUTIVE SUMMARY
Located in the hot corner of Victory Ridge Colorado. Other businesses in the corner include In-n-Out Burger, Slim Chickens, Panda Express, Purple Toad Tap & Grill, Hyatt Place, Cambria Hotels, and ICON Cinema, with more being announced. This 2-story building is 50% leased and ready for the aggressive investor. Four tenants took occupancy at the start of 2022: Salon Kreed, Beauty&Co., Hippie Soul, Snazzy Snout, and the entire Second Level is available for an additional tenant or an owner-occupant. Construction was completed January 2022, and all four of the First Level tenants have taken occupancy. Each tenant has recently signed either a 5-year or 7-year lease. NOI is based on leasing pro forma for all five suites. All-new construction with little maintenance for the new owner to worry about. In 2008 the building was begun, thus county records show 2008 for Year Built, but 2022 is when the current owners actually completed the structure.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,226 SF
Building Class
B
Year Built/Renovated
2008/2022
Price
$6,300,000
Price Per SF
$413.77
Cap Rate
6.32%
NOI
$397,952
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.26
Lot Size
1.32 AC
Zoning
PUD - Commercial - Office/Retail, Medical
AMENITIES
- Tenant Controlled HVAC
- Air Conditioning
- Balcony
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Beauty&Co. (Eyelashes, etc.)
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Hippie Soul (Yoga)
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Salon Kreed (Salon and School)
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Snazzy Snout (Grooming)
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Beauty&Co. (Eyelashes, etc.) | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Hippie Soul (Yoga) | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Salon Kreed (Salon and School) | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Snazzy Snout (Grooming) | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 62213-01-158 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,963,140 |
PROPERTY TAXES
Parcel Number
62213-01-158
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,963,140
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Victory Ridge Building B | 1828 Spring Water Pt
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