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Fully Leased Office Warehouse Campus

4615-4619 Foreign Trade Zone Blvd Colorado Springs, CO 80925

4615-4619 Foreign Trade Zone Blvd, Colorado Springs, CO, 80925
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85,176 SF office warehouse campus in Colorado Springs.

Property Size85,176 SF
Price / SF$170.18
AddedOct 1, 2024
Days on Market654
Last RefreshJul 15 at 3:30 pm

Property Features for 4615-4619 Foreign Trade Zone Blvd

General Information

Standard status
Active
Size
85,176 SF
Property subtype
Office, Industrial

Building Details

Year Built
1986

Listing office NAI Highland, LLC

Listing date Oct 1, 2024

Source Crexi

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


Investment Insights

Based on property information with market context.

This 85,176 square foot office warehouse campus is fully leased. The property is occupied by a national long-term credit tenant, L3 Harris, and features substantial improvements made by the tenant. Located in a fast-growing area of Colorado Springs, the property offers potential for stable, long-term income. The lease includes annual rent increases.

Key Highlights

  • 85,176 SF Fully Leased Office Warehouse Campus
  • National Long‑Term Credit Tenant - L3 Harris
  • Substantial improvements made by Tenant

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 $1.15M $13.56
− Vacancy −$50.8k −$0.60
EGI $1.10M $12.96
− OpEx −$165.6k −$1.94
NOI $938.5k $11.02
85,176 SF · lease $13.56/SF/yr · vacancy 4.40% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$13.41M
$11.73M – $15.64M (±1% cap)
NOI $938,542 @ 7.0% cap · market cap 6.47%
Second Best
Office B
$11.98M
$10.48M – $13.97M (±1% cap)
NOI $838,451 @ 7.0% cap · market cap 5.78%
Theoretical Best
Specialty Retail
$16.82M
$14.72M – $19.62M (±1% cap)
NOI $1,177,473 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Big Box & Wholesale Store Restaurant (Bike/Boat/Book/etc) Store Butcher Department Store Restaurant

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Flex space - 85,176 SF office warehouse campus in Colorado Springs.
Where is this flex space located?
The property is located at 4615-4619 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 Fully Leased Office Warehouse Campus; National Long‑Term Credit Tenant - L3 Harris; Substantial improvements made by Tenant
Contact an agent
(719) 577-0044 Call to check price and availability
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