Colorado Springs, CO 80918
A. EXECUTIVE SUMMARY
Core Commercial Brokerage Company LLC ("Core") is pleased to present for sale the mixed use office/flex/industrial facility at 4710 Northpark Drive, Colorado Springs, CO 80918 (the "Property"). The Property consists of a building of approximately 78,847 SF on 4 acres with liberal M-1 Zoning.
The Property is presently 100% leased to two credit tenants with staggered lease expirations. The property offers stabilized near term income but tremendous value add with future opportunity to increase rents to market levels.
B. INVESTMENT SUMMARY
The Property offers the following benefits:
• EXCELLENT LOCATION: The Property has direct frontage to Interstate 25 in the heart of north-central Colorado Springs, easily accessible via the Garden of the Gods and Nevada/Corporate Drive/Rockrimmon interchanges.
• STRONG TENANCY: The property is presently 100% occupied by two credit tenants: of Tenants: CPS Distributors (subsidiary of Heritage Landscape Supply) and Serenity Sliding Doors (subsidiary of Continental Materials Corporation).
• STABILIZED RETURNS: The Property provides immediate leveraged returns and below market lease rates offer tremendous long term upside.
• FLEXIBLE ZONING: The liberal M-1 Zoning appeals to the broadest pool of industrial uses.
• Nearby amenities: The Property is surrounded by attractive amenities. The Property is in close proximity to the Santa Fe Trail which offers hiking, biking and beautiful scenery as well as direct access to the University Village Shopping Center and the University of Colorado at Colorado Springs (UCCS). University Village is anchored by Costco, Lowe's and Kohls and contains an attractive mix of shopping and dining options including Hacienda, BJ's, Bonefish Grill, Panera Bread, Cowboy Star, Smash Burger, Chipotle and several others. Numerous apartment, townhome and single family developments are in the near vicinity. Several hotel properties are in the area, including the Colorado Springs Marriott Hotel & Conference Center. The world renouned Garden of the Gods park is also nearby.