Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 2540 South Academy Boulevard in Colorado Springs, Colorado. The subject property consists of approximately 28,600 square feet of shallow-bay industrial space and is situated on 3.43 acres of land. The multi-tenant asset features eight units, a 14’ clear height, 27 grade-level doors with cross loading, and 80 parking spaces. With 16 existing meters in place, the property can easily be demised into 16 units. Bordered by Astrozon Boulevard, the property has 608’ of frontage along South Academy Boulevard, giving the property access to an average of 35,000 vehicles per day. The property is located in proximity to major thoroughfares such as Interstate 25, and the Colorado Springs Airport sits about five miles away from the asset. For sale as vacant, the property can ideally be acquired as a redevelopment or value-add investment opportunity. The subject property sits within the mid-sized Southeast industrial submarket, containing 20.5 million square feet. In the 12 months through Q3 2025, nearly 235,000 square feet of industrial space was absorbed on net in the Southeast submarket. With only about 178,000 square feet of industrial space delivered during that time, availability contracted by 30 basis points. At 4.7 percent, the industrial vacancy rate in Southeast is 300 basis points lower than the 7.7 percent national average (based on the top 50 metros, classes A, B, and C, and minimum 10,000 square feet). Despite the limited availability, annual rent growth slipped to 0.9 percent by Q3, pushing the average asking rent to roughly $11.00 per square foot. With only about 167,000 square feet of industrial space under construction in Southeast (representing 0.8 percent of the inventory), demand will remain in the driver’s seat of vacancies and rents for the foreseeable future (CoStar). Known as Olympic City USA for its world-class training facilities, Colorado Springs the second most populous city in the state of Colorado with 478,961 residents, representing the 48th most populous city in the United States according to the 2020 U.S. Census. Situated just east of the geographic center of the state and 61 miles south of Denver, metro Colorado Springs hosts a population of 755,105. At 6,035 feet, the city sits over one mile above sea level, though some areas of the city are significantly higher. The U.S. military is a staple of the local economy with the presence of Fort Carson, Peterson Air Force Base, and the U.S. Air Force Academy. Colorado Springs is situated near the base of one of the most famous American mountains, Pikes Peak, at the eastern edge of the southern Rocky Mountains. Colorado Springs consistently receives high rankings such as no. 1 Best Big City in “Best Places to Live” by Money magazine, no. 1 Outside Magazine’s list of America’s Best Cities, and no. 2 on U.S. News list of most desirable cities (Marcus & Millichap).