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4930-4940 Northpark Dr, Colorado Springs, CO, 80918

4930-4940 Northpark Dr

$3,550,000

Key Information

Cap Rate
8.35%
Tot. SF
24,680
Lot Size
1.67 Acres
Units
3
Year Built
1972
Term Remaining
± 1 Year
Type
Industrial
Occupancy
74.17%
NOI
$128,577

Highlights

• Building Size: ±24,680 SF
• Lot Size: ±1.67 Acres (±34% Coverage Ratio)
• Currently Available For Lease: ±6,200 SF
• Construction & Zoning: Concrete (Twin-T) | Light Industrial (LI)
• Power: 900a, 120/208v, 3p (TBV by an electrician)
• Clear Height: ±13.5′ – 15′
• Loading: 5 Grade-Level Doors & 2 Dock-High Doors (existing cutouts in place for loading expansion)
• Property Layout: Configured for 3 tenants (two ±6,000 SF units & one ±12,000 SF unit); could be divided into 4 units
• Strategic Location: North Colorado Springs positioning with visibility and immediate access to I-25 via Garden of the Gods Rd
• Lease Structure: NNN | ±1.0 Year WALT
• Value-Add Opportunity: Short-term leases allow an investor to quickly execute a mark-to-market strategy, resetting rents to increase overall yield

Photos

Location

Agents

Broker of Record

Brayden Conner

License # ER.100106933, EC.100099522 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203