3604 Galley Rd - Medical FOR SALE


Colorado Springs, CO 80909- Knob Hill
$2,310,000 USD
719-310-3651
3604 Galley Rd, Colorado Springs, CO for Sale
$2,310,000 USD
Medical - FOR SALE
1/34
null | 8.8% Cap Rate

3604 Galley Rd
Colorado Springs, CO 80909
Knob Hill


HIGHLIGHTS

  • Medical Office Tenants on Upper Level
  • 8.8% Cap Rate/10+% Proforma Cap Rate
  • History of Good, Long Term Tenants
  • 87% Occupancy with Immediate Lease Upside
  • Low Maintenance Costs
  • Exterior Upgrades have been completed over the last several years

OVERVIEW

Discover a well-established, low-maintenance office property at 3604 Galley Road, offering investors a rare combination of stability, strong returns, and future upside. This asset has recently undergone an exterior upgrade, enhancing its curb appeal and long-term durability while maintaining its low operating costs. The property features long-term medical tenants on the upper level—all of whom have NNN leases, ensuring consistent income and minimal landlord responsibilities. The lower level is occupied by a mix of tenants on modified gross leases, each paying their pro-rata share of utilities and trash, adding further income diversification and stability. With an in-place cap rate of 8.8% and a pro-forma cap rate exceeding 10%, this offering stands out as an exceptional investment opportunity in today’s market—particularly rare for an office property with strong tenant retention. Adding even more appeal, 3604 Galley Road is located within an Opportunity Zone, offering potential tax advantages for qualifying investors. The tenant base has demonstrated longevity and commitment, providing confidence in ongoing occupancy and cash flow.

FOR SALE DETAILS

PRICE

$2,310,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

8.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

OR

APN/PARCEL ID

64101-18-036

ASK ABOUT THIS PROPERTY

Kyle TzitzicasRE/MAX Real Estate GroupMore Info
719-310-3651

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Kyle TzitzicasRE/MAX Real Estate GroupMore Info
719-310-3651

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