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3604 Galley Rd 18,676 SF 87% Leased Office Building Colorado Springs, CO 80909 $3,222,912 CAD ($172.57 CAD/SF) 8.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Medical Office Tenants on Upper Level
- History of Good, Long Term Tenants
- Low Maintenance Costs
- 8.8% Cap Rate/10+% Proforma Cap Rate
- 87% Occupancy with Immediate Lease Upside
- Exterior Upgrades have been completed over the last several years
EXECUTIVE SUMMARY
stability, strong returns, and future upside. This asset has recently undergone an exterior upgrade, enhancing its curb appeal
and long-term durability while maintaining its low operating costs.
The property features long-term medical tenants on the upper level—all of whom have NNN leases, ensuring consistent
income and minimal landlord responsibilities. The lower level is occupied by a mix of tenants on modified gross leases, each
paying their pro-rata share of utilities and trash, adding further income diversification and stability.
With an in-place cap rate of 8.8% and a pro-forma cap rate exceeding 10%, this offering stands out as an exceptional investment
opportunity in today’s market—particularly rare for an office property with strong tenant retention.
Adding even more appeal, 3604 Galley Road is located within an Opportunity Zone, offering potential tax advantages for
qualifying investors. The tenant base has demonstrated longevity and commitment, providing confidence in ongoing
occupancy and cash flow.
PROPERTY FACTS
AMENITIES
- Bus Line
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Suite 106 is a spacious and adaptable office suite offering approximately 1,200 square feet. Designed with flexibility in mind, the layout allows for a welcoming reception area along with multiple private offices, making it a strong fit for professional services, counseling groups, or collaborative work environments. The suite provides a highly functional floor plan that can be tailored to a variety of tenant needs. Located on the lower level, it offers a quiet atmosphere with easy access to well-maintained common areas and ample on-site parking for staff and visitors. The building enjoys excellent visibility on Galley Road, giving your business a professional presence in a central Colorado Springs location, just minutes from retail, dining, and other services.
Suite 107 offers an efficient and versatile footprint with approximately 719 square feet. Monthly rent is $950 and this is a gross lease. The layout provides options for one or more private offices, making it an excellent choice for professionals who value both privacy and functionality. Ideal for small practices, consultants, or service providers, the space balances affordability with professional appeal. Situated on the lower level, Suite 107 enjoys a quieter setting while still offering convenient access to nicely maintained common areas and plentiful on-site parking. With strong street visibility from Galley Road and a central location in Colorado Springs, Suite 107 presents a practical, move-in ready solution for businesses seeking a professional and welcoming environment.
| Space | Size | Space Use | Condition | Available |
| Lower Level-Ste 106 | 1,200 SF | Office | Partial Build-Out | Now |
| Lower Level-Ste 107 | 719 SF | Office | Partial Build-Out | Now |
Lower Level-Ste 106
| Size |
| 1,200 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
Lower Level-Ste 107
| Size |
| 719 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
Lower Level-Ste 106
| Size | 1,200 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Suite 106 is a spacious and adaptable office suite offering approximately 1,200 square feet. Designed with flexibility in mind, the layout allows for a welcoming reception area along with multiple private offices, making it a strong fit for professional services, counseling groups, or collaborative work environments. The suite provides a highly functional floor plan that can be tailored to a variety of tenant needs. Located on the lower level, it offers a quiet atmosphere with easy access to well-maintained common areas and ample on-site parking for staff and visitors. The building enjoys excellent visibility on Galley Road, giving your business a professional presence in a central Colorado Springs location, just minutes from retail, dining, and other services.
Lower Level-Ste 107
| Size | 719 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Suite 107 offers an efficient and versatile footprint with approximately 719 square feet. Monthly rent is $950 and this is a gross lease. The layout provides options for one or more private offices, making it an excellent choice for professionals who value both privacy and functionality. Ideal for small practices, consultants, or service providers, the space balances affordability with professional appeal. Situated on the lower level, Suite 107 enjoys a quieter setting while still offering convenient access to nicely maintained common areas and plentiful on-site parking. With strong street visibility from Galley Road and a central location in Colorado Springs, Suite 107 presents a practical, move-in ready solution for businesses seeking a professional and welcoming environment.
PROPERTY TAXES
| Parcel Number | 64101-18-036 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $685,309 CAD |
PROPERTY TAXES
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3604 Galley Rd
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