3604 Galley Rd
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3604 Galley Rd
18,676 SF 84% Leased Office Building Colorado Springs, CO 80909 £1,838,758 (£98/SF) 8% Net Initial Yield
Investment Highlights
- Medical Office Space
- History of Good, Long Term Tenants
- Low Maintenance Costs
- 8% Cap Rate/9.17% Proforma Cap Rate
- Owner will sign long term lease for medical spaces on upper level with new owner
- Exterior Upgrades have been completed over the last several years
Executive Summary
-Current Cap Rate 8%
-Proforma Cap Rate 9.17%
-Price $2,350,000
-Zoning OR
-Located in an Opportunity Zone
-Near local major hospitals
-Proforma Cap Rate 9.17%
-Price $2,350,000
-Zoning OR
-Located in an Opportunity Zone
-Near local major hospitals
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
18,676 SF
Building Class
C
Year Built
1972
Price
£1,838,758
Price Per SF
£98
Net Initial Yield
8%
NOI
£147,101
Percent Leased
84%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
9,338 SF
Slab to Slab
12 ft
Building FAR
0.49
Lot Size
0.88 AC
Opportunity Zone
Yes
Zoning
OR - OR
Amenities
- Bus Route
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- Lower Level-Ste 104
- 500 SF
- Office
- Partial Build-Out
- Now
- Lower Level-Ste 106
- 1,200 SF
- Office
- Partial Build-Out
- Now
- Lower Level-Ste 107
- 719 SF
- Office
- Partial Build-Out
- Now
- 1st Floor
- 1,326 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| Lower Level-Ste 104 | 500 SF | Office | Partial Build-Out | Now |
| Lower Level-Ste 106 | 1,200 SF | Office | Partial Build-Out | Now |
| Lower Level-Ste 107 | 719 SF | Office | Partial Build-Out | Now |
| 1st Floor | 1,326 SF | Office | Partial Build-Out | Now |
Lower Level-Ste 104
| Size |
| 500 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
Lower Level-Ste 106
| Size |
| 1,200 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
Lower Level-Ste 107
| Size |
| 719 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 1,326 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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Walk Score ®
Very Walkable (83)
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3604 Galley Rd
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