719-577-0044
885 Elkton Dr, Colorado Springs, CO for Sale
R&D - FOR SALE
1/5
null | 5.5% Cap Rate

885 Elkton Dr
Colorado Springs, CO 80907
Holland Park


OVERVIEW

This single-tenant, fully leased office/warehouse property presents a secure and attractive investment in the heart of Colorado Springs’ renowned Garden of the Gods business corridor. The asset spans 16,367 square feet on a 1.1-acre parcel and is 100% occupied under a triple-net (NNN) lease through February 2030, with two five-year renewal options. Featuring a medical-related tenant who has made significant improvements, including upgraded electrical systems, this property offers both stability and upside. Modernized in 2020, the building combines bright, open office spaces with functional warehouse areas complete with dock-high doors, skylights, and conference rooms. The tenant’s investment signals strong commitment, reinforced by annual rent escalations. Located just off Interstate 25 near major retail and industrial hubs, this property benefits from robust connectivity and a thriving economic environment. With a listing price of $4,953,100 and a 5.5% cap rate, it is ideal for 1031 exchanges or long-term investors seeking dependable income and enduring value.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

R&D

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

UTILITIES

-

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.1

LAND SF

47,916

ZONING

BP

APN/PARCEL ID

73243-01-017

ASK ABOUT THIS PROPERTY

Michael SuggsNAI Highland Commercial Group, LLCMore Info
719-577-0044

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Michael SuggsNAI Highland Commercial Group, LLCMore Info
719-577-0044

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