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INVESTMENT PROPERTY FOR SALE 2395 Briargate Blvd 6,117 SF Office Building Colorado Springs, CO 80920 $1,930,000 ($315.51/SF) 6.76% Cap Rate
Investment Highlights
- Strong cap rate with single tenant stability
- Located near I-25
- Ample parking
Executive Summary
2395 Briargate Blvd is a fully leased, premium commercial property occupied by PyeBarker FS (pyebarkerfs.com), a national credit company. The tenant is willing to work with a buyer if the buyer needs occupancy prior to the existing lease expiration on 30/31/2031. This investor sale offers stable income, a 6.8% cap rate, annual rent escalation, and prime location in Colorado Springs' high demand Briargate corridor. With a long-term lease and strong tenant credit, the property is ideal for a 1031 exchange purchaser seeking a low-risk, income producing asset.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
6,117 SF
Building Class
B
Year Built/Renovated
1983/2025
Price
$1,930,000
Price Per SF
$315.51
Cap Rate
6.76%
NOI
$130,437
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,117 SF
Building FAR
0.16
Lot Size
0.88 AC
Zoning
MX-N
Parking
28 Spaces (4.58 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Signage
- Air Conditioning
- Fiber Optic Internet
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Property Taxes
| Parcel Number | 63044-12-027 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $354,900 |
Property Taxes
Parcel Number
63044-12-027
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$354,900
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INVESTMENT PROPERTY FOR SALE | 2395 Briargate Blvd
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