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5755 Industrial Pl

Colorado Springs Airport, Colorado Springs, CO
Total Size
15,462 sqft
Zoning
PIP2 AO RPZ SS
Year Constructed
0
Year Renovated
0
Building Class

About 5755 Industrial Pl

This is a very clean [8 unit] 15,341 sf industrial building on a 65,775 sf lot located at the main entrance to Peterson Air Force Base. We bought this property in 2005 as a long-term, portfolio investment and have managed it accordingly by reinvesting our cash-flow into the property by way of Tenant and Capital Improvement. The building has continuously remained fully-leased because we keep our rents below normal market rates. We’re asking $1,125,000, [a 7% cap rate on the current NOI ($76,000)]. Increasing each rental unit’s rent just $100 per month would substantially increase the return. And because our rents are low, that should be easily accomplished. Taxes are $12,511; insurance is $1,935. There is no deferred maintenance that we’re aware of. If you’re looking for a value-add, low risk commercial real estate investment with upside, this is it!

Internet Providers for 5755 Industrial Pl

Provider Technology Max Download Speed Max Upload Speed
Integra Telecom DSL
10 Mb/s
10 Mb/s
MegaPath Corporation DSL
6 Mb/s
768 kbps
CenturyLink DSL
3 Mb/s
1.5 Mb/s

The Neighborhood: Colorado Springs Airport

Most listings are in the $80's per square foot per year. The Colorado Springs Airport submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $71 per sqft per year. That's a 450% increase in rent.

Median Rate Median Size
Colorado Springs Airport $87
/sqft/yr
91,090
sqft

Median Rate over Time in Colorado Springs Airport