For Sale
$2,670,000

5739 Observation CtColorado Springs, CO 80916

16,500 SF Flex Space, 6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 16,500-square-foot industrial property located at 5739 Observation Court, Colorado Springs, CO 80916. The property, built in 2004, is a single-story, Class B building situated on a 1.16-acre lot and boasts a desirable PIP-2 AO zoning. Currently operating at 100% occupancy with two tenants, this multi-tenant net lease (NNN) property offers a strong 6.00% cap rate and a net operating income (NOI) of $160,200. The asking price is $2,670,000, translating to $161.82 per square foot and $890,000 per unit. The building features convenient access with one loading dock and ample on-site parking. The property is strategically located, backing up to the Colorado Springs Airport, providing excellent visibility and accessibility. The building is currently divided into three units

Property Details for 5739 Observation Ct

Property type
Warehouses, Industrial properties
Square Feet
16,500 SF
Class
B
Year Built
2004
Buildings
1
Stories
1
Lot Size (sq. ft)
50,530 SF
Units
3

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.792161
Longitude
-104.7206316
5739 Observation Ct, Colorado Springs, Colorado

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5739 Observation Ct
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