$3,000,000 USD
303-910-9788
1220 Valley St
Colorado Springs, CO 80915
Cimarron Hills
HIGHLIGHTS
- The industrial/flex warehouse is ±18,300 square feet in size and resides on a ±1.25- acre lot, positioned near major thoroughfares.
- The property was constructed from reinforced concrete in 1972, and benefits from I-2 CAD-O zoning, suitable for a wide range of industrial uses.
- Notable features include 4 grade-level doors, 1 dock-high door, 14-foot clear height, ample parking.
- The property benefits from added security with a side fenced lot and has undergone capital improvements.
- The property is fully leased to two tenants with a weighted average lease term (WALT) of 5.5 years.
- The primary tenant, Foster Electric Corp, occupies approximately 14,000 square feet under a NNN lease that extends through July 31, 2031.
FOR SALE DETAILS
PRICE
$3,000,000 USD
PRICE/SF
$164 USD /SF
CAP RATE
6.12%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1972
UTILITIES
-
CLEAR CEILING HT
14 Ft
DOCKS
1
DRIVE INS
4
PARKING SPACES
40
LAND DETAILS
LAND ACRES
1.25
LAND SF
54,450
ZONING
I-2 CAD-O
APN/PARCEL ID
54072-03-006
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303-910-9788
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303-910-9788
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