Single-Story Office
For Sale
Contact for pricing
2355 Briargate Pkwy, Colorado Springs, CO 80920
41,315 SF office building at PrimeCenter at Briargate with direct I-25 access via the Briargate interchange.
Property Size41,315 SF
Price / SF$175
Days on Market600
Property Features for 2355 Briargate Pkwy
General Information
Standard status
Active
Size
41,315 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Stories
1
Building Size
41,315 SF
Listing Agency:
Olive Real Estate Partners, Inc.
(719) 228-3626
Listed By:
Michael Payne Palmer, SIOR
(719) 228-3626
Source:
Moodyscre
Added: Dec 9, 2024
Changed: Jul 30
Last Checked: Jul 31 at 11:10AM
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.
Investment Insights
Based on property information with market context.
PrimeCenter at Briargate is an office complex at the corner of Briargate Pkwy and Chapel Hills Dr, consisting of five single-story office buildings totaling 214,642 SF. Building C (2355 Briargate Pkwy) is a 41,315 SF single-story office building available for sale or lease.
The building is designed around a single floorplan to support a flexible working environment. PrimeCenter’s “smart shell” includes a continuous ceiling section intended to accommodate voice and data transmission hardware, with systems designed to be easy to install, distribute, and upgrade. The complex also features individual building signage and unique tenant entries.
Access is a key operational advantage, with direct access to I-25 via the Briargate interchange less than one mile away. Entrances off Briargate Parkway, Chapel Hills Drive, and Dynamic Drive are designed to facilitate traffic flow and parking for employees and customers.
The building is designed around a single floorplan to support a flexible working environment. PrimeCenter’s “smart shell” includes a continuous ceiling section intended to accommodate voice and data transmission hardware, with systems designed to be easy to install, distribute, and upgrade. The complex also features individual building signage and unique tenant entries.
Access is a key operational advantage, with direct access to I-25 via the Briargate interchange less than one mile away. Entrances off Briargate Parkway, Chapel Hills Drive, and Dynamic Drive are designed to facilitate traffic flow and parking for employees and customers.
Key Highlights
- Building C is a 41,315 SF single‑story office building at PrimeCenter at Briargate
- PrimeCenter includes five single‑story office buildings totaling 214,642 SF
- “Smart shell” design with a continuous ceiling section for voice and data transmission hardware
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 | $624.7k | $15.12 |
| − Vacancy | −$78.1k | −$1.89 |
| EGI | $546.6k | $13.23 |
| − OpEx | −$136.6k | −$3.31 |
| NOI | $409.9k | $9.92 |
41,315 SF · lease $15.12/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.86M
$5.12M – $6.83M
NOI $409,948 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.43M
$8.25M – $11.01M
NOI $660,379 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,011
Businesses Nearby
Explore this area
Business Placement
Demographics for 80920, CO
39,540
Population
14,631
Households
2.7
Avg Household Size
37
Median Age
53%
College-Educated
97%
High-School Grad
12.4 sq mi
ZIP Area
3,189
Density / Sq Mi
$111,233
Median Household Income
$50,927
Median Earnings
$1,955
Median Rent
$484,900
Median Home Value
Market
Vacancy Rate% for Office in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 41,315 SF office building at PrimeCenter at Briargate with direct I-25 access via the Briargate interchange.
Where is this office building located?
The property is located at 2355 Briargate Pkwy Colorado Springs, CO.
What is the asking price?
The asking price for this property is $7,230,125.
What are key features of this property?
This property features: Building C is a 41,315 SF single‑story office building at PrimeCenter at Briargate; PrimeCenter includes five single‑story office buildings totaling 214,642 SF; “Smart shell” design with a continuous ceiling section for voice and data transmission hardware
