Eastside Medical — Sale in Colorado Springs, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Colorado Springs, CO 80909
  • Year built: 1965

Photos

Eastside Medical — Sale in Colorado Springs, CO, photo 1 of 6
Eastside Medical — Sale in Colorado Springs, CO, photo 2 of 6
Eastside Medical — Sale in Colorado Springs, CO, photo 3 of 6
Eastside Medical — Sale in Colorado Springs, CO, photo 4 of 6
Eastside Medical — Sale in Colorado Springs, CO, photo 5 of 6
Eastside Medical — Sale in Colorado Springs, CO, photo 6 of 6

Investment Figures

Cap rate
7.02%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The Kramer Group of Marcus & Millichap is pleased to present the Eastside Medical – Dental building. This 22,664 gross square foot, class C medical office is located at 1304 N Academy Blvd in Colorado Springs. 100% occupied with longer term tenants, this opportunity provides an owner/user or investor with amazing upside. Short-term leases and below market rents allow a new investor to increase their upside signing new tenants or bringing current tenants to market rates. Most of the tenants have occupied space for longer periods demonstrating the desirability of the building and location. A new owner/user can benefit from the short-term leases and occupy a great building and location helping to offset the expenses and build equity in a desirable building and great location. Investment Highlights: • - 100% Occupied with Short-Term Leases, and Below Market Rents. - Long-Term Tenants Demonstrate Desirability of The Building and Location. • - Mid-Century Modern Design and Feel. - 22,664 Gross Square Feet per El Paso County. - Built in 1965. • - Two Parcels Included in Sale, 1.44 Total Acres. - 61 Parking Spaces / 2.77/1,000 Ratio – Does not include additional Parcel. - Located on The Signalized Intersection of North Academy Blvd & East San

Market Context

This office in Colorado Springs, CO is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1965. Compare it against other office listings for sale in Colorado Springs, CO — view the full market.

Contact

Explore this market

Similar Office for Sale in Colorado Springs, CO