Updated Dec 21, 2023
NAI Highland Brokers Facilitate $28.1M Sale Of Industrial Properties In Colorado Springs
2510 Zeppelin Drive, Colorado Springs, Colorado 80916, United States
$28,100,000
$131/SF
Building Size
213,240 SF
Asset Type
Industrial
Closing
Jun 23, 2022
About this deal
AI
The industrial property located at 2510, 2520 & 2590 Aviation Way & 2504, 2506 & 2510 Zeppelin Road in Colorado Springs, CO, was recently sold. The property spans approximately 12.7 acres and offers a total square footage of 213,240. It was sold for a price of $28,100,000, resulting in a price per square foot of $132.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $28,100,000
- Square Footage: 213,240
- Price per Square Foot: $132
- Address: 2510, 2520 & 2590 Aviation Way & 2504, 2506 & 2510 Zeppelin Road, Colorado Springs, CO
- Market: Colorado Springs, CO
The sale of the property was facilitated by Randy Dowis and Paul Engel from NAI Highland.
Players
Colorado Springs Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93