Introducing an exceptional investment opportunity at 1155 Academy Park Loop, Colorado Springs—an office building poised as a valuable acquisition in a thriving market. This impressive property spans 50,012 square feet with a 5-year net lease with MITRE Corporation, a nonprofit corporation in the Science and Technology field with solid credit and over $2.2B in revenue in 2022, ensuring a stable and reliable income stream for an investor. The building is offered at a sale price of $9,500,000, reflecting a cap rate of 9.74% and a price per square foot of $189.95, which is well below replacement cost. This attractive yield underscores the investment’s potential for substantial returns, bolstered by the security of a long-term lease with a reputable and financially robust tenant. - Purchase an asset well below replacement cost. - NNN lease with limited Landlord responsibilities. - Strong credit and established tenant. - Construction of the original 35,000 SF building was completed in 2002 by Panatonni Construction Co., a leading developer. - Construction of 15,000 SF addition was completed by Panatonni in 2005, which included a secure loading bay, among other improvements. - Significant improvements done in the last decade to upgrade the facility to meet the Tenant’s needs. - Located in an Enterprise Zone