1115 Elkton Dr - Office FOR SALE


Colorado Springs, CO 80907
$6,950,000 USD
719-244-5182
1115 Elkton Dr, Colorado Springs, CO for Sale
$6,950,000 USD
Office - FOR SALE
1/22
null | 7.42% Cap Rate

1115 Elkton Dr
Colorado Springs, CO 80907


HIGHLIGHTS

  • 93% Leased asset with an in-place NOI of $515K
  • Well maintained property
  • Stable long-term tenant base
  • 7.42% Cap Rate In-Place, 8.38% Cap Rate when Fully Leased
  • Contact broker for Confidential Offering Memorandum

OVERVIEW

THE CUBE is a four-story medical office building situated on 3.55 acres in the northwest submarket of Colorado Springs. Ideally positioned just off of Garden of the Gods Road - a major arterial street known for its vibrant mix of retail, industrial, and office activity - the property offers excellent connectivity, including convenient access to I-25. This is a 93% leased asset with an in-place NOI of $515K for 2025 with a diverse tenant mix of healthcare providers and professional office users, ensuring income stability and making this a premier investment opportunity with market upside. Well maintained property with on-site property management Stable long-term tenant base Situated in a business park zone with a strong history of tenant retention and demand Located on the highly sought after business corridor, Garden of the Gods Rd.

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

7.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Cube

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

216

LAND DETAILS

LAND ACRES

3.55 AC

LAND SF

154,638 SF

ZONING

PIP2

APN/PARCEL ID

73243-01-009

ASK ABOUT THIS PROPERTY

Jeremy ShirleyOlive Real Estate GroupMore Info
719-244-5182

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Jeremy ShirleyOlive Real Estate GroupMore Info
719-244-5182

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.