Property profile

1915 Aerotech Dr Colorado Springs, CO 80916

FOR LEASE
Life science properties
Property ID
US13-2818047
37,982 SF 6.96 ac lot Built 1985
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 75,964 square foot, two-building office complex in Colorado Springs, Colorado. Currently 100% occupied by eight tenants, including a significant presence of government and aerospace & defense contractors, this stabilized asset offers a compelling 9.00% cap rate. The property, built in 1985, features high-quality construction, flexible floor plates, and ample parking (5.17 spaces per 1,000 sq ft). Situated on a 6.95-acre lot, the single-story buildings boast a prime location near Peterson Space Force Base, providing unparalleled access to major military installations and a robust, growing local economy. The property benefits from a strong tenant roster with credit-rated tenants and a NNN lease structure, minimizing landlord responsibilities. This offering represents a rare chance to acquire a durable cash flow stream with significant upside potential in a highly desirable location, characterized by a lack of comparable available space and strong submarket fundamentals. The property's strategic location within the second-largest aerospace economy in the nation, coupled with Colorado Springs' diversified and expanding economy, ensures long-term value and growth. The asking price is $15,000,000. This is a fee-simple sale.

Property profile

Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 37,982 SF
Lot 6.96 ac (303,178 SF)
Zoning code PIP2/CR AO
APN 6425004002
UPID US13-2818047

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Crisis Center Medical Clinic
  • Foster Care Service Social Service Agency
  • Medical Clinic
  • Charitable Organization Social Service Agency
  • Social Service Agency

Location

1915 Aerotech Dr Colorado Springs, CO 80916
Colorado Springs metro Census 6501 COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.29M

Owner & transaction history

since 2015
6 recorded transactions
2018
Price N/A
2016
Price N/A
2015
$1.9M
2013
Price N/A
2006
$8.6M
1969
Price N/A

Zoning & alternative use

PIP2/CR AO · Colorado Springs, CO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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