8605 Explorer DrColorado Springs, CO 80920

Property Details for 8605 Explorer Dr

Year built

1992

Construction

WOOD FRAME

Lot size

39.40 AC

Property size (Sq ft)

184,144 SF

Zone code

PBC

Property type

Office buildings

APN

6233201004

APU

6233201004

Description

Located in the prestigious Briargate business campus, this exceptional two-story office building offers 184,144 square feet of space, with 32,175 square feet currently available for lease. Built in 1992, this single building sits on a generous 39.43-acre lot and is zoned MX-M. The property is ideally suited for a variety of office uses, including traditional office space and medical offices, and is particularly well-suited for a call center operation. The minimum leasable space is 4,000 square feet, with a maximum contiguous space of 32,175 square feet currently available. The building boasts a comprehensive suite of features designed for both security and efficiency, including a card access system, counter-poise lightning protection, and a life-safety systems generator. This is a rare opportunity to lease space in one of the most distinguished and prominent office buildings in the area, offering a unique blend of functionality and prestige. This is a multi-tenant building, providing a diverse and vibrant work environment. The property's location in the Colorado Springs North submarket provides excellent access to major transportation routes and amenities. This is a truly exceptional opportunity for businesses seeking high-quality office space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $40,278,592

  6.5%

  $37,180,236

  7%

  $34,524,508

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,213,977

  Geo Method

  $15,213,977

• Alternative Use

  Use

  Valuation

  Residential

  $46,103,496

  Hospitality

  $42,230,552

  Educational

  $35,135,324

  Medical

  $36,343,684

  Retail

  $54,654,948

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.9627

Longitude

-104.79

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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