Marcus & Millichap Negotiates $4.5M Sale Of Industrial Property In Colorado Springs
3450 North Nevada Avenue
$4,500,000
$1/SF
Building Size
54,882 SF
Asset Type
—
Closing
May 26, 2026
About this deal
AI
The property asset involved in this transaction is a flex industrial building located at 3450 North Nevada Avenue in Colorado Springs, CO. The asset encompasses an area of 2.8 acres and has a total square footage of 54,882. It was sold for a price of $4,500,000, which calculates to a price per square foot of $82.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Address: 3450 North Nevada Avenue
- Market: Colorado Springs, CO
- Acres: 2.8
- Square Footage: 54,882
- Price per Square Foot: $82
- Brokers: Maxwell Rist & Brandon Kramer - Marcus & Millichap
This transaction was facilitated by Marcus & Millichap, who successfully negotiated the sale to a private investor group based in California and New York. The representation of the buyer in this deal was provided by the brokers Maxwell Rist and Brandon Kramer.
On the Map
$4,500,000
$1/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93