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Air Conditioned Warehouse in Colorado

5010 Centennial Blvd, Colorado Springs, CO 80907

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34,200 SF warehouse with air conditioning in Colorado Springs.

Type:Industrial

Property size:

34,200 SF

Price / SF:

$168/SF

HighLights

34,200 RSF warehouse with significant warehouse space (29,412 SF).
Located in a desirable Colorado Springs submarket known for manufacturing & tech.
100% air conditioned building.
Functional distribution space with floor drains throughout the warehouse.
Includes 4,788 SF of office space.
Corporate neighbors include Amazon, Entegris, SRAM, GRAINGER, and Verizon.

We can help!

Listing Contact

Drew Dowis

For Sale

Contact for pricing

34,200 SF warehouse with air conditioning in Colorado Springs.

Type:Industrial

Property size:

34,200 SF

Price / SF:

$168/SF

Added:: Mar 22, 2024
Days on Market:: 818
Last Refresh:: May 12 at 10:22 pm

Property Features for 5010 Centennial Blvd

General Information

Standard status: Active
Size: 34,200 SF
Property subtype: Industrial

We can help!

Listing Contact

Drew Dowis

Listing agent Drew Dowis License #FA. 100078152

Listing office Millennium Commercial Real Estate

Listing date Mar 22, 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 Millennium Commercial Real Estate

HighLights

34,200 RSF warehouse with significant warehouse space (29,412 SF).
Located in a desirable Colorado Springs submarket known for manufacturing & tech.
100% air conditioned building.
Functional distribution space with floor drains throughout the warehouse.
Includes 4,788 SF of office space.
Corporate neighbors include Amazon, Entegris, SRAM, GRAINGER, and Verizon.

Overview

This 34,200 square foot warehouse includes 4,788 square feet (14%) of office space and 29,412 square feet (86%) of warehouse space. The building is fully air-conditioned and equipped with mounted gas-fed heaters throughout the warehouse. Designed as a functional distribution space, it features floor drains along the entire length of the warehouse on both the west and east sides of the building. The property is located in a desirable Colorado Springs submarket known for manufacturing and technology companies. Corporate neighbors include Amazon, Entegris, SRAM, Grainger, and Verizon.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$463.8k	$13.56
− Vacancy	−$20.4k	−$0.60
EGI	$443.3k	$12.96
− OpEx	−$66.5k	−$1.94
NOI	$376.8k	$11.02

34,200 SF · lease $13.56/SF/yr · vacancy 4.40% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$5.38M

$4.71M – $6.28M (±1% cap)

NOI $376,845 @ 7.0% cap · market cap 6.55%

Second Best

Office B

$4.81M

$4.21M – $5.61M (±1% cap)

NOI $336,656 @ 7.0% cap · market cap 5.85%

Theoretical Best

Specialty Retail

$6.75M

$5.91M – $7.88M (±1% cap)

NOI $472,781 @ 7.0% cap · market cap 8.22%

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

Property Profile Location Intelligence

Current Use by Public Records

FedEx Ship Center Logistics Company LC Real Estate ... Real Estate Agency COSA Auto Repair Shop

Suggested Use

Similar Places Nearby

Daniels Moving and Storage — 2325 Sinton Rd, Colorado Springs, CO 80907

Location Insight

Map
Local Demand

City: Colorado Springs
County: El Paso
State: Colorado
Longitude: -104.8577113
Latitude: 38.9027753

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For sale
Warehouses
CO
Colorado Springs
80907
5010 Centennial Blvd

What type of property is this?

Warehouse - 34,200 SF warehouse with air conditioning in Colorado Springs.

Where is this warehouse located?

The property is located at 5010 Centennial Blvd Colorado Springs, CO.

What is the asking price?

The asking price for this property is $5,750,999.

What are key features of this property?

This property features: 34,200 RSF warehouse with significant warehouse space (29,412 SF).; Located in a desirable Colorado Springs submarket known for manufacturing & tech.; 100% air conditioned building.