Single-Tenant Office

The Office Club

1880 Office Club Pointe, Colorado Springs, CO 80920

Listing Price: $1,395,000

Cap Rate
8.01%
Gross SF
7,447
Rentable SF
7,447
Price/Gross SF
$187.32
Lot Size
2.69 acres
Year Built
1999

Investment Overview

The Kramer Group of Marcus & Millichap is pleased to present the Exclusive Listing for a Class A office condo in Colorado Springs’ prestigious Briargate Parkway corridor. 1880 Office Club Point, Unit 5 is conveniently located right off I-25 in northern Colorado Springs and is across the street from several national chain hotels as well as the Promenade Shops at Briargate, which offers an amazing mix of high-end retail and dining. Unit #5 is a 7,447 square feet condo that covers the entire top floor of the 30,641 square foot office and has exceptional views of the front range, Pikes Peak, The Airforce Academy, and the Pine Creek Golf Club next door. The condo consists of several premier executive offices and is currently fully leased to Academy Mortgage Corporation, who has been one of the nation’s largest and most respected independent mortgage lenders since 1988. The tenant has been operating out of the property since August, 2015 and just resigned a NNN lease extending their term to July 31st, 2023. The building was built in 1999 from a concrete foundation with a brick/block structure, sits on a total of 2.69 acres, has a parking ratio of 4.00/1,000 square feet, and has PBC zoning. Other highlights include: an in-suite conference room, break room, serviced elevator, property manager on-site, front desk receptionist in the lobby, 24 hour access, and ample parking. It is also the only suite that has a large outside patio area with amazing views overlooking the front range, Pikes Peak, the Pine Creek Golf Club and is in the perfect spot to view the annual air show hosted by The Airforce Academy.

Investment Highlights

  • Class A Office Condo
  • Premier Executive Suites
  • Academy Mortgage Corporation Has Operated out of Condo Since 2015
  • Exceptional Views of the Front Range, Pikes Peak, The Airforce Academy, & Pine Creek Golf Club
  • Located Across the Street to High End Retail & Restaurants at The Promenade Shops at Briargate
  • Only Condo with a Large Balcony Outside
  • In-Suite Conference Room & Break Room
  • Property Manager on Site

Exclusively Listed By

Listing Price: $1,395,000

Cap Rate
8.01%
Gross SF
7,447
Rentable SF
7,447
Price/Gross SF
$187.32
Lot Size
2.69 acres
Year Built
1999

Investment Highlights

  • Class A Office Condo
  • Premier Executive Suites
  • Academy Mortgage Corporation Has Operated out of Condo Since 2015
  • Exceptional Views of the Front Range, Pikes Peak, The Airforce Academy, & Pine Creek Golf Club
  • Located Across the Street to High End Retail & Restaurants at The Promenade Shops at Briargate
  • Only Condo with a Large Balcony Outside
  • In-Suite Conference Room & Break Room
  • Property Manager on Site

Investment Overview

The Kramer Group of Marcus & Millichap is pleased to present the Exclusive Listing for a Class A office condo in Colorado Springs’ prestigious Briargate Parkway corridor. 1880 Office Club Point, Unit 5 is conveniently located right off I-25 in northern Colorado Springs and is across the street from several national chain hotels as well as the Promenade Shops at Briargate, which offers an amazing mix of high-end retail and dining. Unit #5 is a 7,447 square feet condo that covers the entire top floor of the 30,641 square foot office and has exceptional views of the front range, Pikes Peak, The Airforce Academy, and the Pine Creek Golf Club next door. The condo consists of several premier executive offices and is currently fully leased to Academy Mortgage Corporation, who has been one of the nation’s largest and most respected independent mortgage lenders since 1988. The tenant has been operating out of the property since August, 2015 and just resigned a NNN lease extending their term to July 31st, 2023. The building was built in 1999 from a concrete foundation with a brick/block structure, sits on a total of 2.69 acres, has a parking ratio of 4.00/1,000 square feet, and has PBC zoning. Other highlights include: an in-suite conference room, break room, serviced elevator, property manager on-site, front desk receptionist in the lobby, 24 hour access, and ample parking. It is also the only suite that has a large outside patio area with amazing views overlooking the front range, Pikes Peak, the Pine Creek Golf Club and is in the perfect spot to view the annual air show hosted by The Airforce Academy.

Exclusively Listed By

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