Retail Property: Sale Or Lease | Black Forest Road, 11580 & 11590 (BANK OWNED)
| Address: | 11580 & 11590 Black Forest Road Colorado Springs, CO 80908 | | Sale Price: | $1,399,000 | | Lease Price: | $9.00 PSF NNN ($4.79 PSF NNN estimated for 2011) | | Lot Size: | 2.67 AC | | Building min sq foot avail: | 725 SF | | Building max sq foot avail: | 4,000 SF | | Zoning: | CC (Commercial Community) | | Year Built: | 2002 | | Contact Information: | |
DescriptionINVESTMENT HIGHLIGHTS
• Two single-story office/retail buildings with flexible floor plans
• Building signage available & monument sign on Black Forest Rd
• New building (built in 2002) priced far below replacement cost
• Strong tenant mix: Subway, Edward Jones, Farmers Insurance, and a number of local tenants
• 15 minutes from Colorado Springs & 35 minutes from Denver
FINANCING
• 20 year amort
• 30% down payment-fixed rate for 3 years @ 4.25%
• 35% (or more) down payment-fixed rate for 3 years @ 3.99%
• Minimum debt coverage ratio of 1.3x
BUILDING INFORMATION
• Building Size: 2 building 8,160 SF each (16,320 SF Total)
• Space Available: 725, 833, 1,333 & 1,360 SF
Pad Site development plan approved by a 4,000 SF building.
• Zoning: cc (Commercial Community)
• Lot Size: 2.67 Acres (116,305 SF)
• Lease Rate: $10.00 PSF NNN
• NNN’s: $4.79 PSF estimated for 2012
Note: Tenants are responsible for utilities & janitorial within suite
Location InfoLocated in the heart of Black Forest, the property is just north of Burguess and south of Shoup. |   |
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