1828 Spring Water Pt - Storefront Retail/Office FOR SALE


Colorado Springs, CO 80921- Pine Creek
$6,300,000 USD
719-291-4123
1828 Spring Water Pt, Colorado Springs, CO for Sale
$6,300,000 USD
Storefront Retail/Office - FOR SALE
1/15
null | 6.32% Cap Rate

1828 Spring Water Pt
Colorado Springs, CO 80921
Pine Creek


HIGHLIGHTS

  • 100% Leased, 6.6% Cap rate!

OVERVIEW

100% Leased! Located in the hot corner of Victory Ridge Colorado. Other businesses in the corner include In-n-Out Burger, Slim Chickens, Panda Express, Purple Toad Tap & Grill, Hyatt Place, Cambria Hotels, and ICON Cinema, with more being announced. This 2-story building is 100% leased and ready for the aggressive investor. Four tenants took occupancy at the start of 2022: Salon Kreed, Beauty&Co., Hippie Soul, Snazzy Snout, and the entire Second Level has now been leased by an established 3E Comedy Club, to take occupancy August 2023. Construction was completed January 2022, and all four of the First Level tenants have taken occupancy. Each tenant has recently signed either a 5-year or 7-year lease. NOI is based on leasing pro forma for all five suites. Tenant finish work for the final tenant is under way on the Second Level. All-new construction with little maintenance for the new owner to worry about. In 2008 the building was begun, thus county records show 2008 for Year Built, but 2022 is when the current owners actually completed the structure.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$414 USD /SF

CAP RATE

6.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Victory Ridge Building B

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

PUD

APN/PARCEL ID

62213-01-158

ASK ABOUT THIS PROPERTY

Creed SpillaneQuantum Residential Group, LLCMore Info
719-291-4123

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Creed SpillaneQuantum Residential Group, LLCMore Info
719-291-4123

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