980 Elkton Dr 54,336 SF 65% Leased Flex Building Colorado Springs, CO 80907 $13,229,415 CAD ($243.47 CAD/SF) 6.51% Cap Rate

980 Elkton Drive is a well-maintained 53,049 SF industrial flex asset located
on 4.35 acres in Colorado Springs’ premier Garden of the Gods corridor. The
property offers durable in-place income, and clear upside through lease-up
or owner-user occupancy.
Built in 1994 and renovated in 2024, 980 Elkton features reinforced concrete
construction, a clean modern facade, clear heights up to 18 feet, six gradelevel
loading doors, and wraparound parking for efficient ingress and egress.
The roof, HVAC, and parking lot are all in good condition, creating simplified
post-acquisition management & reduced capex concerns.
The property is anchored by American Medical Response, which leases
28,281 SF through September 2035. Dark Wolf leases 6,928 SF through
June 2029, further supporting the asset’s in-place income.
The remaining 17,840 SF vacancy is in clean-slate, warm shell condition,
making it usable for a wide range of operators without requiring heavy
improvements. This creates a straightforward lease-up path while also giving
owner-users the ability to occupy a meaningful portion of the building.
The asset is positioned in the Garden of the Gods industrial corridor, a tech
and defense-driven submarket with close proximity to I-25, strong local
amenities, and attractive nearby housing options. This location supports
long-term demand from industrial, service, medical, technology, and
defense-oriented users.