121 Tejon StColorado Springs, CO 80903

Property Details for 121 Tejon St

Year built

1999

Construction

STEEL FRAME

Property size (Sq ft)

9,372 SF

Zone code

FBZ-CEN

Property type

Office buildings

APN

6418301026

APU

6418301026

Description

The South Tower at 121 South Tejon Street in Colorado Springs, Colorado offers premium Class A office space within a prestigious downtown campus. This thirteen-story building, constructed in 2001, boasts a total of 280,000 square feet, currently featuring 6,220 square feet of immediately available space. Multiple tenancy options are available, with individual suites ranging from 2,187 to 6,402 square feet. The building is situated in El Paso County, zip code 80903, and is easily accessible. The South Tower is distinguished by its unique architectural design and impressive multi-story lobby featuring water features. As the newest and largest Class A office building in downtown Colorado Springs, it represents the pinnacle of modern office space in the area. This property provides an exceptional opportunity for businesses seeking a high-profile location in a vibrant and growing city. The building's prime location within the Plaza of the Rockies office campus offers convenient access to amenities and excellent visibility. Interested parties are encouraged to inquire about available space and lease terms. This is a rare opportunity to secure space in one of Colorado Springs' most sought-after office buildings.

• CAP approach

  CAP return

  Valuation

  6%

  $2,049,977

  6.5%

  $1,892,286

  7%

  $1,757,123

• Comparable approach

  Method

  Valuation

  Relative Method

  $774,315

  Geo Method

  $774,315

• Alternative Use

  Use

  Valuation

  Residential

  $2,346,435

  Hospitality

  $2,149,322

  Educational

  $1,788,211

  Medical

  $1,849,710

  Retail

  $2,781,661

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8311

Longitude

-104.823

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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