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5739 Observation Ct

16,500 SF 100% Leased Industrial Building Colorado Springs, CO 80916 £1,958,250 (£119/SF) 6.41% Net Initial Yield

Investment Highlights

  • Great Tenants in Place currently
  • 5 Overhead doors and 1 Exterior dock
  • Building is in great shape and very well maintained
  • Backs to Colorado Springs Airport

Executive Summary

Great Investment property backing up to Colorado Springs Airport. 16,500 Square Foot building with multiple overhead doors and outdoor common area dock. Plenty of parking onsite. Current Zoning is PIP-2 AO. Building is currently demised into 3 units. One Tenant has been very long term in the building and other two units are newly occupied by one Tenant. Very well maintained property.

Property Facts

Price £1,958,250
Price Per SF £119
Sale Type Investment
Net Initial Yield 6.41%
Property Type Industrial
Property Subtype
Warehouse
  • Light Industrial Light Manufacturing
  • Light Industrial Research & Development
  • Industrial Distribution
Building Class B
Lot Size 1.16 AC
Rentable Building Area 16,500 SF
Number of Floors 1
Year Built 2004
Parking Ratio 1.8/1,000 SF
Clear Ceiling Height 18 ft
No. Dock-High Doors/Loading 1
Level Access Doors 5
Opportunity Zone Yes

Amenities

  • Bus Route
  • Signage
  • Reception
  • Storage Space

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
64361-01-025
Land Assessment
£60,737
Improvements Assessment
£399,005
Total Assessment
£459,742

zoning

Zoning Code PIP2 AO
PIP2 AO
  • Listing ID: 32095957

  • Date on Market: 11/06/2024

  • Last Updated:

  • Address: 5739 Observation Ct, Colorado Springs, CO 80916

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