1304 N Academy Blvd - Medical FOR SALE


Colorado Springs, CO 80909- Knob Hill
$1,950,000 USD
720-979-9185
1304 N Academy Blvd, Colorado Springs, CO for Sale
$1,950,000 USD
Medical - FOR SALE
1/38
null | 7% Cap Rate

NEW


1304 N Academy Blvd
Colorado Springs, CO 80909
Knob Hill


HIGHLIGHTS

  • 100% Occupied with Short-Term Leases, and Below Market Rents • Long-Term Tenants Demonstrate Desirability of The Building and Location
  • • 22,664 Gross Square Feet per El Paso County • Built in 1965
  • Extensive Recent Electronic upgrades - Security System, Cameras, Access control, Door Intercom , Digital Directory, Lobby Music, Building Website

OVERVIEW

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, Colorado. 100 percent 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. Additionally, most of the tenants have occupied space for longer periods, demonstrating the desirability of the building and location. Positioned at the signalized intersection of North Academy Boulevard and East San Miguel Street, the property offers outstanding visibility, accessibility, and proximity to major healthcare providers, retail amenities, and residential neighborhoods. 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. Contact Brokers for Full Offering Memorandum

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Eastside Medical-Dental Bldg

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

PBC, Colorado Sprgs

APN/PARCEL ID

64101-01-058

ASK ABOUT THIS PROPERTY

Chadd NelsonMarcus & MillichapMore Info
720-979-9185

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Chadd NelsonMarcus & MillichapMore Info
720-979-9185

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.