422 E Vermijo
Colorado Springs, CO 80903
Downtown Executive Center · Office Property For Sale

422 East Vermijo Street: CLASS A DOWNTOWN OFFICE with suburban-office parking. The entire ground floor (7,000 GLA) of The Executive Center is now for lease (or sale as an office condo – 24% of the GLA). The space has 12’ high concrete ceilings, sealed concrete floors, abundant natural light, significant on-site, free-parking and marquee building signage. There are 10 hard-walled offices, a conference room able to accommodate most meetings and a large open cube-area. There is a private kitchen, 2 private baths, including a shower. There is a roof-top patio available for private or group enjoyment with views of the downtown and Pikes Peak. The annual operating costs are estimated at $5.00 psf. The asking lease rate is $22 psf full-service and the asking condo-sale price is $200 psf. FINANCING: The seller-will-carry a 2nd mortgage in the amount of a typical downpayment (20% of the price) making this a no-money-down real estate transaction! The asking price is $1,400,000.00 and the asking lease rate is $12,833.00 per month.