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7222 Commerce Center Drive - One Commerce Center, Colorado Springs, CO

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7222 Commerce Center Drive - One Commerce Center

Colorado Springs, CO 80919 - Northwest Submarket

(167.1 KB)

Property Type:Office Sub Type:- Status:Existing Year Built:1984
Stories:2 Typical Floor:39,594 SF Building Size:79,189 SF
For Sale Price:$8,620,000 Price/SF:$108.85
Cap Rate:8.24 %
Parking:Free Surface spaces are available; Ratio of 4/1,000 SF Amenities:Bus Line, Convenience Store, Fitness Center, Hotel, Restaurant, Signage

One Commerce Center is a Class A, multi-tenant office building with quick access to the I-25 and Woodmen Road interchange. The property,
which is surrounded by restaurants and hotels, has been extensively upgraded. Improvements include contemporary interior finishes and
efficient new floor plans.

• Completely re-developed Class B multi -tenant office asset
• Double digit cash on cash returns
• Signifi cant discount to replacement cost pricing
• High quality fi nishes/construction; asset outperforms market occupancy
• Engineered/design spec suite will enhance renewals and limit TI costs
• Long term occupancy history of existing tenants
• Diversified small tenant rent roll with limited risk
• Bay depth accommodates small and medium size tenants
• Tremendous glass line and Pikes Peak/Garden of the Gods views
• Extremely quick and convenient I-25 access, 1/4 mile direct access
• Close proximity to Northern Colorado Spring’s premier executive housing
• Tremendous access to retail, services, restaurants, and hotel uses
• On site fi tness facility, showers and lockers
• Tremendous long term cash fl ow opportunity with upside potential in an improving market

Sale Notes:
Transwestern (the Broker ) has been exclusively retained to offer to qualified investors an opportunity to purchase One Commerce Center in Colorado Springs, Colorado. One Commerce Center is a two story, 79,209 SF Class B office building located at Woodmen Road and Interstate 25 in the Northwest Colorado Springs Office Market. Built in 1984, One Commerce Center is currently 85.0% leased to a diverse and seasoned mix of tenants ranging from government contractors, engineers, education, healthcare providers, IT and non-profits. One Commerce Center provides the value investor a durable income stream, a highly functional asset, and an incredible accessible Interstate 25 location.

Follow this link to view the OFFERING MEMORANDUM :

Brad Cohen
(303) 407-1470

Larry O Thiel
(303) 407-1471

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