2860 S Circle Drive

    Colorado Springs, CO 80906
    • $4,500,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: 7457126
    UPDATED: 55 min ago
    $4,500,000
    • 0
      BEDS
    • 2.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 82,500
      SQFT
    • $55
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1972
    County:

    School Ratings & Info

    Offered by Mb Metro Brokers 7th Avenue Properties Llc.

    Description

    Fantastic Office Opportunity! 4 Story with Walk out Basement, On Site Storage, Large Conference Room, Remodeled Bathrooms, 2 Elevators, 82,500 Gross Square Feet, approximately 71,229 rented square foot. 92% Current Occupied Spaces. Great Combination of month to month, Short & Long Term Leases. Rents are Low and Average $8 per sq ft....Potential at $10, $11 & $12 per square foot! Upside is HUGE!!!!! Right off I-25 and Lake/Circle Exit (138) Some Updating Already Complete. Several New Heat Pumps, New Digital Signage Just Installed for Advertising Potential Additional Income. Listing Broker has a ownership interest in building.

    Monthly Payment Calculator



    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Wisdom Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2018 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.wisdomrealestate.com/homes/87545194

    2860 S Circle Drive Colorado Springs, CO 80906

    • Price: $4,500,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: 7457126
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.37
    Acres
    82,500
    SQFT
    $55
    $/SQFT
    1972
    Built
    Neighborhood:
    Cheyenne Mountain
    County:
    El Paso
    Area:
    Colorado Springs
    Property Description
    Fantastic Office Opportunity! 4 Story with Walk out Basement, On Site Storage, Large Conference Room, Remodeled Bathrooms, 2 Elevators, 82,500 Gross Square Feet, approximately 71,229 rented square foot. 92% Current Occupied Spaces. Great Combination of month to month, Short & Long Term Leases. Rents are Low and Average $8 per sq ft....Potential at $10, $11 & $12 per square foot! Upside is HUGE!!!!! Right off I-25 and Lake/Circle Exit (138) Some Updating Already Complete. Several New Heat Pumps, New Digital Signage Just Installed for Advertising Potential Additional Income. Listing Broker has a ownership interest in building.
    Exterior Features

    Construction Materials Brick Construction Methods BlockBrick Distance To Bus 1.00 Exterior Features FenceLightingMaintenance Free Exterior Parking Parking Lot (185 Spaces) Parking Features Driveway-Asphalt Parking Total Searchable 185 Road Surface Paved Road Roof Built-Up(Tar & Gravel) Site Features Near Public Transit Structural Style Multi-Story Style Characteristics Mid Rise (4-7) View Mountain View

    Interior Features

    Basement Floor Type Slab Basement Size Full Cooling Air Conditioning-Central Flooring CarpetStone Heating Forced AirHot Water Heating Fuel Heat Pump/ThermalHot Water Interior Features Exterior Basement EntranceSecurity EntranceWindow Coverings Other HVAC Central Hot Water Sq Ft Above 82500 Sq Ft Finished 78500

    Property Features

    Additional Information 1031 ExchangeTenant Occupied Annual Expense Actual 205000 Annual Expense Proj 205000 Annual Income Actual 569832 Annual Income Proj 210649 Annual Net Income Actual 364832 Annual Net Income Proj 5649 Association Fee Annual 0 Building Area Source Floor Plans Business Type Business/Professional ServicesMedical/DentalMeeting HallPersonal ServiceSalonSchoolService Center Capitalization Rate 4.81 Capitalization Rate Calculation Gross Less 10% Vacancy Minus Cam Expenses Features Elevator - PassengerEnvironmental Audit Avail. Is Incorporated YN No Listing Financing Cash Owner Paid Utilities ElectricityGasInsuranceMaintenanceOtherProperty TaxTrashWater Potential Rental Income Annual 854748 Real Estate Taxes 41400 Reports Available Architectural PlansBuilding PlansEasementsEnvironmental AuditLeasesLegal DescriptionRental AverageSurvey Seller Type Corporation/Trust Status Conditions None Known Tax Amount 40309.00 Tax Year 2017 Transaction Type For Sale Water Annual Expense 29000 Zoning C-2

    Listing courtesy of Mb Metro Brokers 7th Avenue Properties Llc: MLS #7457126


    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Wisdom Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2018 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
    Wisdom Real Estate
    1740 High St
    Denver CO, 80218
    Offered by Mb Metro Brokers 7th Avenue Properties Llc.