value-add retail investment for sale - loopnet...value-add retail investment for sale 4845 n academy...
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Value-Add Retail Investment for Sale 4845 N Academy Blvd, Colorado Springs, CO 80918
Joel [email protected]
Chris [email protected] Our Network is Your Edge.
TABLE OF CONTENTS
3 LISTING SUMMARY
4 PICTURES
6 EXECUTIVE SUMMARY
7 MAPS
Chris [email protected]
Joel [email protected]
All information is from sources deemed reliable and is subject to errors, omissions, change of price, rental, prior sale, and withdrawal without notice. Prospect should
carefully verify each item of information contained herein.
Our Network is Your Edge.
OVERVIEWNew to the Colorado Springs’ market is a true value-add retail building for sale located along the business corridor of Academy Blvd. The shopping center offers 10 units, of which, are all on short term leases paying below market rent. The building is prime for remodel, which will allow for increases in rental rates.
The area of the investment sale is located in the middle of the Academy Blvd. corridor making it a great location for most retailers. It is just south of Union, which is another major corridor in Colorado Springs.
The building features high visibility, easy access to Union and Academy, centrally located, and upside with renovations. The building is also zoned PBC allowancing most business, retail uses.
This building is the perfect opportunity for “value add” buyers.
HIGHLIGHTS• High Visibility!• Close to Restaurants!• Heavy Traffic Counts!• Great Investment Opportunity!
Sale Price:
$2,500,000Retail Building - 4845 N Academy Blvd
Lot Size: 1.33 Acres
Building Size: 13,500 SF
Building Class: B
Year Built: 1970
Zoning: PBC
Market: Colorado Springs
Sub Market: North
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Executive SummaryGreat investment opportunity for a retail center along North Academy Boulevard. Next to Starbucks and close to many chain restaurants and stores. Just South of the North Union/Academy intersection, this 10-unit shopping center is located at 4845 N Academy Boulevard. The anchor tenant is Baskin Robbins anddirectly faces North Academy. Please call for more information and all of the financial details.
Why Colorado Springs?
Situated at the base of Pikes Peak, one of America’s most famous mountains, Colorado Springs is centrally located within the state of Colorado. Colorado Springs is a lively and diverse metropolitan area with a population of over 600,000. Because it’s located within 1 hour of Denver and 30 minutes of Pueblo, Colorado Springs is an easy commute for more than 3 million people. Along with the stunning physical beauty the region has to offer, Colorado Springs has a dynamic economy. Some of the Pikes Peak region’s major employment sectors include United States military bases, Aerospace & Defense development, Clean Technology, and Healthcare. Not only does the region have 3 major military installations, but it is also the home of the United States Air Force Academy, University of Colorado in Colorado Springs, Colorado College, and the United States Olympic Committee. The area’s proactive leadership is focused on cultivating an environment where businesses can thrive. The highly educated workforce, low cost of living, low tax structure, and outstanding quality of life make Colorado Springs a perfect location for businesses.
The Colorado Springs office market has displayed strong recent performance, with overall vacancy rates decreasing, and lease rates remaining steady during the same period. While absorption has been positive and vacancy decreasing, new construction has been very limited.
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JOEL LONGSHORE719.354.8725
CHRIS MYERS719.650.4627
1259 LAKE PLAZA DRIVE | SUITE 200 | COLORADO SPRINGS, CO | 80906 | 719.955.0527 | www.hoffleigh.com/colorado-springs
Our Network is Your Edge.