980 Elkton Dr 54,336 SF 65% Leased Flex Building Colorado Springs, CO 80907 $10,050,000 ($184.96/SF) 6.62% Cap Rate

980 Elkton Drive is a well-maintained 53,797 SF industrial flex asset located on 4.35 acres in Colorado Springs’ premier Garden of the Gods corridor. The property offers durable in-place income, and clear upside through lease-up or owner-user occupancy. Built in 1994, 980 Elkton features reinforced concrete construction, a clean modern facade, clear heights up to 18 feet, six grade-level loading doors, and wraparound parking for efficient ingress and egress. The roof, HVAC, and parking lot are all in good condition, creating simplified post-acquisition management & reduced capex concerns. The property is anchored by American Medical Response, which leases 28,281 SF through September 2035. Dark Wolf leases 6,928 SF through June 2029, further supporting the asset’s in-place income. The remaining 17,840 SF vacancy is in clean-slate, warm shell condition, making it usable for a wide range of operators without requiring heavy improvements. This creates a straightforward lease-up path while also giving owner-users the ability to occupy a meaningful portion of the building. The asset is positioned in the Garden of the Gods industrial corridor, a tech and defense-driven submarket with close proximity to I-25, strong local amenities, and attractive nearby housing options. This location supports long-term demand from industrial, service, medical, technology, and defense-oriented users.