Fully Leased Industrial
3460 Kimball Circle Colorado Springs, CO 80910
3460 Kimball Circle, Colorado Springs, CO, 80910
$3,345,000
For Sale
$3,345,000
Industrial asset occupied by two publicly traded tenants under NNN and gross lease structures.
Property Size9,636 SF
Lot Size2.74 Acres
Price / SF$347.14
Days on Market39
Property Features for 3460 Kimball Circle
General Information
- Standard status
- Active
- Size
- 9,636 SF
- Lot size
- 2.74 Acres
- Property subtype
- Warehouse
Building Details
- Year Built
- 1995
Listing Agency
Denver Office
(303) 328-2019
Listed by
Cory Gross · License #License(s): CO: FA100038277
(303) 328-2019
Source
Marcusmillichap
Added: Jun 9 Checked: Jul 17 at 2:19 am
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 Denver Office
Investment Insights
Based on property information with market context.
3460 & 3485 Kimball Circle is a fully occupied industrial warehouse offering leased to two publicly traded corporations. The property is structured with a combination of NNN and gross lease arrangements, and it is presented as a cash-flowing asset with minimal landlord obligations. The offering includes 9,636 square feet of industrial space across the two addresses listed.
The property is located in Colorado Springs, Colorado at 3460 Kimball Circle (with the paired address at 3485 Kimball Circle). It is described as being about half a mile from a newly expanded South Academy Boulevard. The surrounding area is noted as having $161 million in active infrastructure investment.
For buyers and investors seeking an already-leased industrial asset, this structure-to-occupancy combination can be an efficient way to acquire a tenancy-backed income profile. With two tenants in place and the stated NNN and gross lease mix, the property is positioned to limit day-to-day landlord involvement while maintaining ongoing lease coverage.
The property is located in Colorado Springs, Colorado at 3460 Kimball Circle (with the paired address at 3485 Kimball Circle). It is described as being about half a mile from a newly expanded South Academy Boulevard. The surrounding area is noted as having $161 million in active infrastructure investment.
For buyers and investors seeking an already-leased industrial asset, this structure-to-occupancy combination can be an efficient way to acquire a tenancy-backed income profile. With two tenants in place and the stated NNN and gross lease mix, the property is positioned to limit day-to-day landlord involvement while maintaining ongoing lease coverage.
Key Highlights
- Industrial asset built in 1995 leased to two publicly traded corporations
- Leases are structured NNN and gross lease
- In‑place cap rate of 7.25%
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 | $130.7k | $13.56 |
| − Vacancy | −$5.7k | −$0.60 |
| EGI | $124.9k | $12.96 |
| − OpEx | −$18.7k | −$1.94 |
| NOI | $106.2k | $11.02 |
9,636 SF · lease $13.56/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.52M
$1.33M – $1.77M
NOI $106,178 @ 7.0% cap · market cap 3.17%
Second Best
Industrial
$1.25M
$1.09M – $1.46M
NOI $87,440 @ 7.0% cap · market cap 2.61%
Theoretical Best
Specialty Retail
$1.90M
$1.67M – $2.22M
NOI $133,208 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fackler Transportation Inc
Trucking Company
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FAQs
What type of property is this?
Warehouse - Industrial asset occupied by two publicly traded tenants under NNN and gross lease structures.
Where is this warehouse located?
The property is located at 3460 Kimball Circle Colorado Springs, CO.
What is the asking price?
The asking price for this property is $3,345,000.
What are key features of this property?
This property features: Industrial asset built in 1995 leased to two publicly traded corporations; Leases are structured NNN and gross lease; In‑place cap rate of 7.25%
