4445 Northpark Drive, Colorado Springs, CO 80907

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Tim L.

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Suite Space Type Pricing Size
--- Office Space For sale: $1,650,000 14,080 sqft

This is a very clean, 14,080 square foot office building which has been completely remodeled, including a new roof and all new HVAC units. It’s...  show more »

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Building Details:

• Year Built: 1970

4445 Northpark Drive is an office property for lease in Colorado Springs, CO. The property currently has 1 office space for lease and is marketed by .

NOW FOR SALE: 4445 Northpark Drive. This is a very clean, 14,080 sf office building on 47,200 sf of M-1 zoned land located near the corner of I-25 & Garden of the Gods Road. It is way between UCCS on the east and the new County Government Offices on the West. The building spins-off about $98,810 in NOI. There is an existing, NON-recourse, assumable loan in the approximate amount of $1,003,000. The rate is 5.1%; it adjusts to % over prime in 2014. This is a terrific loan. The physical plant is in very good condition. We have totally remodeled the building with nearly $400,000 in real improvements from electrical; roof; HVAC; new cabling, parking lot resurfacing, etc. We constructed modernized floor plans which have enabled us to stay continuously leased and never remodel again. The plan worked - were 100% occupied. Our average lease rate is $11.88 psf. It is likely that upon a sale, well move, so that will leave approximately 3,700 sf for an owner/occupant. To close this deal, a buyer would merely have to assume the role of manager in the LLC. It is so simple that we could close right away!

For a private showing and all the confidential financial details,
call Tim Leigh or RD Trinidad at 719-630-2277.

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