1155 Academy Park LoopColorado Springs, CO 80910

Property Details for 1155 Academy Park Loop

Year built

2001

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.46 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $12,442,000

  6.5%

  $11,485,000

  7%

  $10,664,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,146,700

  Geo Method

  $4,146,700

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $23,004,600

  Retail / Commercial

  $11,719,600

  Mixed-Use / Specialty

  $11,617,200

  Hospitality / Lodging

  $8,444,150

  Institutional / Educational

  $12,055,500

  Residential Income

  $14,104,900

  Multifamily

  $17,253,100

  Automotive / Energy

  $10,333,300

  Parking / Income-Based Land

  $3,625,840

  Restaurant / Food Service

  $5,912,680

  Healthcare / Senior Housing

  $11,975,400

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8166

Longitude

-104.76

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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