1420 Aviation Way, Colorado Springs, CO
20,922 SF flex/industrial building on 1.63 AC lot.
- Added:
- Jun 24, 2024
- Days on Market:
- 743
- Last Refresh:
- May 20 at 8:30 pm
Property Features for 1420 Aviation Way
General Information
- Standard status
- Active
- Size
- 20,922 SF
- Lot size
- 1.63 Acres
- Property subtype
- INDUSTRIAL
Properties For Sale
at 1420 Aviation Way Contact us
Listing office NAI Highland, LLC (719) 650-1332
Listing date Jun 24, 2024
Source Moodyscre
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
HighLights
- Building size: 20,922 SF
- Lot size: 1.63 AC
- 90% Occupancy
- Estimated Triple Nets: $4.46 PSF
- Access via Aviation Way & Vapor Trail
- Zoning: BP | CR AO
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $283.7k | $13.56 |
| − Vacancy | −$12.5k | −$0.60 |
| EGI | $271.2k | $12.96 |
| − OpEx | −$40.7k | −$1.94 |
| NOI | $230.5k | $11.02 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Kat Air Services Inc — 1589 Vapor Trail, Colorado Springs, CO 80916
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.724
- Latitude
- 38.8106
