8890 Union BlvdColorado Springs, CO 80920

Property Details for 8890 Union Blvd

Year built

2002

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.65 AC

Property size (Sq ft)

62,557 SF

Zone code

PBC/CR

Property type

Healthcare properties

Property subtype

Medical offices

APN

6234406009

APU

6234406009

Description

The Briargate Medical Campus, located at 8890 N Union Blvd, Colorado Springs, CO 80920, presents a unique opportunity for medical professionals seeking prime office space. This two-story, Class A building, constructed in 2002, offers a total of 26,050 square feet, with 16,241 square feet currently vacant and available for lease. The flexible floor plan allows for spaces ranging from a minimum of 6,857 square feet to a maximum contiguous space of 16,241 square feet, catering to various practice sizes and needs. The building boasts ample parking with 295 spaces available for tenants and their clients. Its convenient location within the Union Town Center shopping center area provides excellent visibility and accessibility, situated just minutes away from Memorial Hospital's north campus. The property is zoned PBC and is part of the Northwest submarket of Colorado Springs. This well-maintained building offers an efficient and modern workspace, ideal for medical practices seeking a prestigious and convenient location. The building's Class A designation reflects its high-quality construction and amenities, ensuring a professional and comfortable environment for both staff and patients. Interested parties should inquire about lease terms and availability for the available 16,241 square feet of vacant space.

• CAP approach

  CAP return

  Valuation

  6%

  $13,683,355

  6.5%

  $12,630,790

  7%

  $11,728,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,168,460

  Geo Method

  $5,168,460

• Alternative Use

  Use

  Valuation

  Residential

  $15,662,179

  Hospitality

  $14,346,472

  Educational

  $11,936,096

  Medical

  $12,346,597

  Retail

  $18,567,260

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.9605

Longitude

-104.766

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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