1150 Kelly Johnson BlvdColorado Springs, CO 80920

For Sale
$9,250,000

High-Cap Rate Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a two-story, 45,796 square foot office building situated on a 4.08-acre lot at 1150 Kelly Johnson Blvd, Colorado Springs, CO 80920. Built in 2000 and renovated in 2020, the property boasts a strong 91.5% occupancy rate across four tenants. The building features state-of-the-art operating systems and excellent signage potential, capitalizing on its strategic location near the intersection of I-25 and N. Academy Blvd, a high-traffic area with numerous offices, retail establishments, and restaurants. The asking price is $9,250,000, representing a compelling cap rate of 8.01% and a price per square foot of $201.98. The property is zoned PIP1 and offers incredible mountain views. This multi-tenant building presents a rare opportunity to acquire a well-maintained, high-performing asset in a thriving Colorado Springs market. The property's strong tenant base and desirable location make it an attractive investment for discerning buyers seeking stable income and significant appreciation potential. This is a turnkey investment ready for immediate cash flow.

Highlights

  • High-yield investment opportunity with strong tenant occupancy.
  • Prime location in a rapidly growing market, offering significant upside potential.
  • Modern, well-maintained building featuring efficient floor plans and updated amenities.
  • Long-term lease agreements in place with creditworthy tenants, providing stable cash flow.
  • Attractive capitalization rate and strong potential for future appreciation.

Property Details for 1150 Kelly Johnson Blvd

Property type
Other office properties, Office properties
Square Feet
45,796 SF
Year Built/Renovated
2000/2020
Buildings
1
Stories
2
Lot Size (sq. ft)
177,725 SF

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.947288520452
Longitude
-104.80776385663
1150 Kelly Johnson Blvd, Colorado Springs, Colorado

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1150 Kelly Johnson Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message