Fully Leased Office Warehouse
For Sale
Contact for pricing
4615-4619 Foreign Trade Zone Blvd, Colorado Springs, CO 80925
85,176 SF office warehouse campus in Colorado Springs.
Property Size85,176 SF
Price / SF$170.18
Days on Market745
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Property Features for 4615-4619 Foreign Trade Zone Blvd
General Information
Standard status
Active
Size
85,176 SF
Property subtype
Office, Industrial
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Net Operating Income
$1,083,419
Building Details
Year Built
1986
Buildings
2
Stories
1
Tenancy
Single
Listing Agency:
NAI Highland, LLC
Listed By:
John Onstott · License #CO FA1175465
(719) 577-0044
Source:
Crexi
Added: Oct 1, 2024
Changed: Oct 12
Last Checked: Oct 14 at 11:45PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$938,542
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,770,840
$18.8M
Cap Rate 7%
$13,407,743
$13.4M
Cap Rate 9%
$10,428,244
$10.4M
Market Conditions
NOI Build-Up for 85,176 SF
Gross rent
$1.15M $13.56/SF
− Vacancy
−$50.8K −$0.60/SF
EGI
$1.10M $12.96/SF
− OpEx
−$165.6K −$1.94/SF
NOI
$938.5K $11.02/SF
Area
Colorado Springs, CO
Vacancy
4.40%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,770,840
Cap Rate 7%
$13,407,743
Cap Rate 9%
$10,428,244
Alternative Uses
Best Use
Warehouse
$13.41M
$11.73M – $15.64M
NOI $938,542 @ 7.0% cap · market cap 6.47%
Second Best
Office B
$11.98M
$10.48M – $13.97M
NOI $838,451 @ 7.0% cap · market cap 5.78%
Theoretical Best
Specialty Retail
$16.82M
$14.72M – $19.62M
NOI $1,177,473 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80925, CO
15,061
Population
5,870
Households
2.6
Avg Household Size
30
Median Age
44%
College-Educated
97%
High-School Grad
28.7 sq mi
ZIP Area
525
Density / Sq Mi
$107,955
Median Household Income
$56,534
Median Earnings
$2,260
Median Rent
$441,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Colorado Springs, CO
Frequently Asked Questions
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
