2355 Briargate Pkwy, Colorado Springs, CO
Single-story office building for sale or lease in Colorado Springs.
- Added:
- Dec 9, 2024
- Days on Market:
- 555
- Last Refresh:
- May 19 at 8:36 pm
Property Features for 2355 Briargate Pkwy
General Information
- Standard status
- Active
- Size
- 41,315 SF
- Lot size
- 12.67 Acres
- Property subtype
- OFFICE
Listing agent Michael Payne Palmer, SIOR (719) 228-3626
Listing office Olive Real Estate Partners, Inc. (719) 228-3626
Listing date Dec 9, 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 Olive Real Estate Partners, Inc.
HighLights
- Excellent Location: Corner of Briargate Pkwy and Chapel Hills Dr, with direct access to I‑25.
- Single‑Story Office Building: Facilitates a flexible working environment and enhances communication.
- Building Signage: Opportunity to strengthen business recognition.
- Smart Shell Design: Continuous ceiling section to accommodate voice and data transmission hardware.
- Easy Access: Multiple entrances off Briargate Parkway, Chapel Hills Drive and Dynamic Drive.
- Available for Sale or Lease: Building C (41,315 SF) is available.
Overview
Local Financial Insights For Office B
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 | $619.7k | $15.00 |
| − Vacancy | −$77.5k | −$1.88 |
| EGI | $542.3k | $13.13 |
| − OpEx | −$135.6k | −$3.28 |
| NOI | $406.7k | $9.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.783
- Latitude
- 38.9655