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885 Elkton Dr
Colorado Springs, CO 80907
Asking Price
$4.95M
Cap Rate
5.5%
Asset Type
Warehouse Industrial
Class
Class B
What's Special
Industrial | 5.50% CAP | 16,367 SqFt <ul><li>Lease Type: Triple Net (NNN)</li><li>Term: 5 years, (JAN 2025 - FEB 2030)</li><li>Current Rent: 16,367 SF x $16.50/SF = $270,055.50/yr</li><li>Rent Increases: 3.0% annual escalations</li><li>Listing Price: $4,953,100</li><li>Cap Rate: 5.5%</li><li>Upgraded Electrical: 600 amp, 480 / 277 volt, 3 Phase, 4 wire (2) 225 amp, 120 / 208 volt, 3 Phase, 4 wire</li><li>Nice Offices on Glass</li><li>Two Conference Rooms</li><li>Exceptional Kitchen / Break Area</li><li>Skylights and Open
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NOI
$80,000
Cap Rate
1.62%
DSCR
0.27
Underwater
Cash-on-Cash
-14.41%
Monthly Payment
$24,505.236
Annual Cash Flow
$-214,062.836
