Denver, CO – August 23, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 4291 Austin Bluffs Pkwy., Colorado Springs, CO 80918.
Drew Williams of NorthPeak Commercial Advisors worked with the seller in this transaction.
“This transaction was made possible by Seller Financing which provides more income for the Seller than he was previously generating in rents. The Buyer is coming into a great value-add opportunity to flip the current Gross leases to NNN. Once stabilized, the Buyer is projecting CAP rates upwards of 8%.”
– Drew Williams, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Drew Williams at 303-917-5232 or Drew@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 4291 Austin Bluffs Pkwy., Colorado Springs, CO 80918
- Sale Price: $950,000
- Closed Date: August 8, 2023
- Property Size: 11,680 SF ($81.34/SF)
- Property Type: Office
