4615 Northpark Dr
Colorado Springs, CO 80918
Property For Lease

4615 Northpark Drive is a 13,992 SF, two story concrete tilt-up, M1 zoned industrial building located on a 59,525 SF lot which was originally constructed in 1970. It has since received a new roof and most of the RTU’s have been replaced. The building produces approximately $6,000 per month in gross income from the 2nd floor month-to-month leases. The annual property insurance has been around $2,100 and the annual property tax is estimated to be around $16,000. The main level has 2 suites (101 and 102). Suite 101 is 1,250 SF (reception, conference, and 4 private offices). Suite 102 is approximately 5,000 SF (reception area, conference, storage, 4 private offices plus approximately 3,200 SF of open area). The 2nd floor has 6 separate rental suites. The asking sale price (a bargain in today’s inflationary market) is $2,450,000 which is $175 per square foot. Comparable “pure industrial” buildings with more restrictive industrial zoning are selling for prices exceeding $200 - $250 per square foot.