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885 Elkton Dr 16,367 SF Flex Building Colorado Springs, CO 80907 For Sale 5.50% Cap Rate
Executive Summary
This single-tenant, fully leased office/warehouse property presents a secure and attractive investment in the heart of Colorado Springs’ renowned Garden of the Gods business corridor. The asset spans 16,367 square feet on a 1.1-acre parcel and is 100% occupied under a triple-net (NNN) lease through February 2030, with two five-year renewal options. Featuring a medical-related tenant who has made significant improvements, including upgraded electrical systems, this property offers both stability and upside.
Modernized in 2020, the building combines bright, open office spaces with functional warehouse areas complete with dock-high doors, skylights, and conference rooms. The tenant’s investment signals strong commitment, reinforced by annual rent escalations. Located just off Interstate 25 near major retail and industrial hubs, this property benefits from robust connectivity and a thriving economic environment. With a listing price of $4,953,100 and a 5.5% cap rate, it is ideal for 1031 exchanges or long-term investors seeking dependable income and enduring value.
Modernized in 2020, the building combines bright, open office spaces with functional warehouse areas complete with dock-high doors, skylights, and conference rooms. The tenant’s investment signals strong commitment, reinforced by annual rent escalations. Located just off Interstate 25 near major retail and industrial hubs, this property benefits from robust connectivity and a thriving economic environment. With a listing price of $4,953,100 and a 5.5% cap rate, it is ideal for 1031 exchanges or long-term investors seeking dependable income and enduring value.
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.50% | Year Built | 1983 |
| Property Type | Flex | Tenancy | Single |
| Property Subtype | Flex Research & Development | Parking Ratio | 1.41/1,000 SF |
| Building Class | C | Clear Ceiling Height | 12’ |
| Lot Size | 1.10 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 16,367 SF | ||
| Zoning | BP - Business Park | ||
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | C |
| Lot Size | 1.10 AC |
| Rentable Building Area | 16,367 SF |
| No. Stories | 1 |
| Year Built | 1983 |
| Tenancy | Single |
| Parking Ratio | 1.41/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | BP - Business Park |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 73243-01-017 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $917,719 CAD |
Property Taxes
Parcel Number
73243-01-017
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$917,719 CAD
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885 Elkton Dr
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