Office Warehouse Campus For
For Sale
Contact for pricing
4615-4219 Foreign Trade Zone Blvd, Colorado Springs, CO
85,176 SF fully leased office warehouse campus.
Property Size85,176 SF
Lot Size6.39 Acres
Price / SF$170.18
Days on Market751
Property Features for 4615-4219 Foreign Trade Zone Blvd
General Information
Standard status
Active
Size
85,176 SF
Lot size
6.39 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
NAI Highland, LLC
(719) 577-0044
Listed By:
Randy Dowis · License #FA1157155
(719) 650-1332
Source:
Moodyscre
Added: Sep 30, 2024
Changed: Oct 3
Last Checked: Oct 19 at 9:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Highland, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is an 85,176 square foot fully leased office warehouse campus. The property is located in a fast-growing area of Colorado Springs. A national long-term credit tenant, L3 Harris, occupies the space and has made substantial improvements. The lease includes annual rent increases.
Key Highlights
- 85,176 SF Office Warehouse Campus
- Fully Leased to National Long‑Term Credit Tenant - L3 Harris
- Substantial improvements made by Tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$938,542
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,770,840
$18.8M
Cap Rate 7%
$13,407,743
$13.4M
Cap Rate 9%
$10,428,244
$10.4M
Market Conditions
NOI Build-Up for 85,176 SF
Gross rent
$1.15M $13.56/SF
− Vacancy
−$50.8K −$0.60/SF
EGI
$1.10M $12.96/SF
− OpEx
−$165.6K −$1.94/SF
NOI
$938.5K $11.02/SF
Area
Colorado Springs, CO
Vacancy
4.40%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,770,840
Cap Rate 7%
$13,407,743
Cap Rate 9%
$10,428,244
Alternative Uses
Best Use
Warehouse
$13.41M
$11.73M – $15.64M
NOI $938,542 @ 7.0% cap · market cap 6.47%
Second Best
Office B
$11.98M
$10.48M – $13.97M
NOI $838,451 @ 7.0% cap · market cap 5.78%
Theoretical Best
Specialty Retail
$16.82M
$14.72M – $19.62M
NOI $1,177,473 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Flex space - 85,176 SF fully leased office warehouse campus.
Where is this flex space located?
The property is located at 4615-4219 Foreign Trade Zone Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $14,495,000.
What are key features of this property?
This property features: 85,176 SF Office Warehouse Campus; Fully Leased to National Long‑Term Credit Tenant - L3 Harris; Substantial improvements made by Tenant
