1155 Academy Park Loop Colorado Springs, CO 80910-3761

Property Details for 1155 Academy Park Loop

Year built

2001

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.46 lot acres

Property size

50,190 SF

Zone code

PBC AO

Property type

Office buildings

APN

6422409003

APU

6422409003

Description

This exceptional investment opportunity presents a 50,012 square foot retail building located at 1155 Academy Park Loop, Colorado Springs, CO 80910. The property boasts a compelling 9.26% cap rate and a price per square foot of $199.75, significantly below replacement cost. The asking price is $9,990,000. The building, originally constructed in 2002 (35,000 sq ft) and expanded in 2005 (15,000 sq ft) by Panatonni Construction, features a secure loading bay and other improvements added during the 2005 expansion. Substantial renovations were completed within the last decade to meet tenant needs. The property sits on a 4.47-acre lot and includes 220 parking spaces. It is currently under a 5-year net lease (NN+) with MITRE Corporation, a financially sound non-profit organization in the science and technology sector, generating over $2.2 billion in revenue in 2022. This ensures a stable and reliable income stream with limited landlord responsibilities. The property's strategic location in Colorado Springs offers easy access to major thoroughfares and proximity to Peterson Space Force Base, Fort Carson, and NORAD. The permitted zoning is MX AO. This presents a strong investment opportunity with significant potential for long-term growth and sustainability in the Colorado Springs commercial real estate market. The substantial NOI of $925,222 further underscores the financial strength of this offering.

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Longitude

-104.76

Latitude

38.8166

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments