Three Tenant Industrial Owner/User w/Income or Investment w/Value-Add

7386 Cole View, Colorado Springs, CO 80916

$1,100,000 | 5,000 SF ($220.00/SF) | Owner/User w/Income or Investment w/Value-Add Through Conversion of Current Tenants to NNN

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Investment Overview


The Kramer Group of Marcus & Millichap is pleased to present this Exclusive Listing for this turnkey owner-user or multi-tenant industrial investment property located at 7386 Cole View in Colorado Springs. It is a perfect opportunity for a user to fully occupy the space or maintain some or all the current tenants. The largest unit (2,500 SF) can be vacated for an incoming user and the smaller units have leases ending at the end of the year. All the tenants are willing to stay in the building and resign their leases for an investor who is looking to capture the cashflow of this property, or the leases could not be renewed, and a user could occupy the entire facility. This building has 5,000 total square feet on .58 acres of land with a surrounding parking lot that wraps around the building. There is excellent frontage and easy ingress and egress. This functional building was constructed in 2017 by a premier developer in Colorado Springs using heavy steel and has CS commercial zoning. The property currently generates income and has the advantage of also being an exceptional space for a small business with competitive per square foot pricing. The property is conveniently located off Highway 24 and is close to the growing Colorado Springs Airport, Space Force Base, and Amazon Fulfillment Center.

Offering Summary

Price

$1,100,000

Building Size

5,000 SF ($220.00/SF)

Cap Rate

5.51% Existing (7.04% Pro Forma)

Current Tenancy

All Three Tenants expire at the end of the year and can either be extended and put on NNN leases, or vacated in part or entirely for an owner/user to occupy at the beginning of 2025.

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