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Office

2960 N Circle Dr

2960 N Circle Dr, Colorado Springs, CO 80909

Listing Price: $6,000,000

Cap Rate
5.71%
Gross SF
24,806
Rentable SF
23,820
Price/Gross SF
$241.88
Lot Size
2.50 acres
Year Built
2003

Investment Overview

Marcus & Millichap is pleased to present this Exclusive Listing for 2960 N Circle Drive in Colorado Springs, CO, which consists of a multi-tenant Medical Office totaling 24,806 gross square feet and situated on 2.50 acres of land. This Class A property was built in 2003 from steel construction and has OC-CR zoning. The property has two floors with five total rentable units ranging in size and is currently occupied by four medical tenants. There is currently one vacant suite on the first floor consisting of 2,706 square feet, however rent for that suite is paid through the end of 2022. If a new tenant moves in at any time during the current year, there is a benefit of double income for the remaining months of 2022. The largest space, which takes up the entire second floor, consists of 12,112 rentable square feet and has their own separate entrance to the building. The other three occupied suites are on the first floor, with one occupied by the current owner, combine for a total of 9,002 rentable square feet. The property has 150 paved parking spaces for a fantastic parking ratio of 6.72:1,000 SF. 2960 N Circle Drive is centrally located in Colorado Springs, CO, surrounded by several medical office properties intersected by the highly traveled streets of N Circle Drive, E Fillmore Street, N Union Boulevard and is within minutes of Interstate-25.

Investment Highlights

  • Located Within Minutes of UC Health Memorial Hospital, UC Health Grandview Hospital and Penrose Hospital
  • Fantastic Parking Ratio of 6.72/1,000 SF
  • Recently Installed HVAC system
  • Multi-Tenant Medical Office on NNN leases
  • Property is Adjacent to Palmer Park, Pikes Peak Center, Audubon Medical Campus, and Colorado Springs Country Club

Exclusively Listed By

Financing By

Listing Price: $6,000,000

Cap Rate
5.71%
Gross SF
24,806
Rentable SF
23,820
Price/Gross SF
$241.88
Lot Size
2.50 acres
Year Built
2003

Investment Highlights

  • Located Within Minutes of UC Health Memorial Hospital, UC Health Grandview Hospital and Penrose Hospital
  • Fantastic Parking Ratio of 6.72/1,000 SF
  • Recently Installed HVAC system
  • Multi-Tenant Medical Office on NNN leases
  • Property is Adjacent to Palmer Park, Pikes Peak Center, Audubon Medical Campus, and Colorado Springs Country Club

Investment Overview

Marcus & Millichap is pleased to present this Exclusive Listing for 2960 N Circle Drive in Colorado Springs, CO, which consists of a multi-tenant Medical Office totaling 24,806 gross square feet and situated on 2.50 acres of land. This Class A property was built in 2003 from steel construction and has OC-CR zoning. The property has two floors with five total rentable units ranging in size and is currently occupied by four medical tenants. There is currently one vacant suite on the first floor consisting of 2,706 square feet, however rent for that suite is paid through the end of 2022. If a new tenant moves in at any time during the current year, there is a benefit of double income for the remaining months of 2022. The largest space, which takes up the entire second floor, consists of 12,112 rentable square feet and has their own separate entrance to the building. The other three occupied suites are on the first floor, with one occupied by the current owner, combine for a total of 9,002 rentable square feet. The property has 150 paved parking spaces for a fantastic parking ratio of 6.72:1,000 SF. 2960 N Circle Drive is centrally located in Colorado Springs, CO, surrounded by several medical office properties intersected by the highly traveled streets of N Circle Drive, E Fillmore Street, N Union Boulevard and is within minutes of Interstate-25.

Exclusively Listed By

Financing By

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