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4930-4940 Northpark Dr 24,680 SF Industrial Building Colorado Springs, CO 80918 $3,550,000 ($143.84/SF)
Investment Highlights
- ±24,680 SF multi-tenant industrial with ±6,200 SF available for lease at $13.00 PSF NNN
- 5 grade-level doors & 2 dock-high doors with cutouts for additional loading expansion
- Value-add opportunity: mark-to-market strategy to reset rents and increase overall yield
- NNN leases with ±1.0 Year WALT and staggered expirations for near-term flexibility
- North Colorado Springs I-25 frontage with ±128,000 VPD and immediate highway access
- Offered below replacement cost; 8.35% stabilized cap rate projected in Year 3
Executive Summary
Broker Of Record
Brayden Conner
Matthews Real Estate Investment Services, Inc
ER.100106933, EC.100099522 (CO)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Brayden Conner
Matthews Real Estate Investment Services, Inc
ER.100106933, EC.100099522 (CO)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
| Price | $3,550,000 | No. Stories | 1 |
| Price Per SF | $143.84 | Year Built | 1972 |
| Sale Type | Investment NNN | Parking Ratio | 1.94/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 14’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 1.67 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 24,680 SF | ||
| Zoning | LI | ||
| Price | $3,550,000 |
| Price Per SF | $143.84 |
| Sale Type | Investment NNN |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.67 AC |
| Rentable Building Area | 24,680 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Parking Ratio | 1.94/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 5 |
| Opportunity Zone |
Yes |
| Zoning | LI |
Amenities
- Signage
- Yard
- Storage Space
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Broker Of Record Brayden Conner Matthews Real Estate Investment Services, Inc ER.100106933, EC.100099522 (CO) 1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl - 4930 | 6,200 SF | Industrial | - | Now |
1st Fl - 4930
| Size |
| 6,200 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| Now |
1st Fl - 4930
| Size | 6,200 SF |
| Space Use | Industrial |
| Build-Out | - |
| Available | Now |
Broker Of Record Brayden Conner Matthews Real Estate Investment Services, Inc ER.100106933, EC.100099522 (CO) 1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Property Taxes
| Parcel Number | 63193-04-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $737,400 |
Property Taxes
Parcel Number
63193-04-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$737,400
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