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Investment OpportunityMulti-Tenant Industrial Investment in Colorado Springs, Colorado
Classic Business Park 1785-1805 South Murray Boulevard and 1835-1853 South Murray BoulevardHIGHLAND
Investment OpportunityMulti-Tenant Industrial Investment in Colorado Springs, Colorado
For more information, please contact:
R.C. Myles, ccim, sior, uli
Cushman & Wakefield+1 303 312 4226
James BradyCushman & Wakefield+1 303 312 4292
1401 Lawrence Street, Suite 1100 / Denver, Colorado 80202
T +1 303 292 3700 / F +1 303 534 8270
cushmanwakefield.com
Investment Offering Summary
Property Highlights• Diverse tenancy with stable in-place income
• Flexible and functional loading
• Below replacement cost offering
• Expansive lot with potential development opportunity
• Strong market fundamentals
• New 60 mil, EPDM roofs being installed Fall 2017
Cushman & Wakefield Copyright 2017. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Capital Markets Advisors: Market Advisors:
Mural Art By Patrick Kane McGregor
Campbell DavisCushman & Wakefield+1 303 312 4270
Randy Churchill DowisNAI Highland, LLC+1 719 667 6865
Bob GarnerNAI Highland, LLC+1 719 667 6866
2 North Cascade Avenue, Suite 300 / Colorado Springs, Colorado 80903
T +1 719 557 0044
www.highlandcommercial.com
CLASSIC BUSINESS PARK
Net Rentable SF 99,200 SF (Two buildings)
Occupancy 93.25%
Number of Tenants/Units 6/7
Year Built 1999 and 2001
Site Area Approximately 7.23 Acres
ZoningPIP-2 (Planned Industrial Park Two)
Parking 330 Surface Spaces (3.3:1,000)
Clear Height 18’
LoadingDrive-in and dock-high overhead doors. Front loading also available.
Sprinkler Wet System
In-Place NOI $594,332
Asking Price $7,750,000 ($78/SF)
Cap Rate 7.67%
Lieb Precision Tool Expansion Space
Creative Touch Interiors Showroom
Alpine Lumber Warehouse