8140 Sandy Ct Colorado Springs, CO 80951

Property Details for 8140 Sandy Ct

Year built

2019

Lot size

2.09 lot acres

Property size

13,354 SF

Property type

Industrial properties

Property subtype

Flex space

Description

This exceptional Class A industrial flex property, located at 8140-8170 Sandy Court in Colorado Springs, CO 80951, presents a compelling owner-user opportunity with existing income. The property encompasses 13,354 square feet across two buildings situated on a 2.09-acre lot. Built in 2019 and renovated the same year, the property boasts a 100% occupancy rate with two units. Each unit offers approximately 6,677 square feet, including roughly 1,800 square feet of office space, 3,000 square feet of warehouse space, and 1,800 square feet of usable mezzanine space. High-quality office finishes feature three offices, a conference room, and a reception area in each unit. The warehouse areas provide three 14-foot drive-in doors and 20-22-foot clear ceiling heights. Each building also benefits from a separately fenced one-acre yard, and the property includes six loading docks. The current tenants, a homebuilder and a plumbing company, are under a five-year NNN lease with annual rent increases, generating a net operating income (NOI) of $101,846.40. Annual property taxes are $37,221.14. The property is zoned I-3 CAD-O and is offered at $3,800,000 ($284.56/sq ft, $1,900,000/unit). This is an ideal investment for an owner-user seeking immediate income and long-term growth potential.