980 Elkton Drive

Off-Market

980 Elkton Drive, Colorado Springs, CO 80907

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - R&D - Industrial
  • Property Size 51,337 SF
  • Lot Size 4.35 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1994

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Date 03 May, 2022
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Colorado Springs

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Colorado Springs Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $22.55
  • 2021 Office Vacancy Rate 15.36%
  • 2021 Office Completions (SF) 414,930

Colorado Springs Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $180.86
  • Y-o-Y Avg. PpSF Change 9.36%
  • 2021 Office Sales Volume $338.5M
  • 2021 Number of Transactions 24
View more Colorado Springs market trends

Location

Getting Around

  • Walk Score ®

    29/100 Car-Dependent
  • Transit Score ®

    25/100 Some Transit
  • Bike Score ®

    47/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Colorado Springs, CO
  • Neighborhood Pinecliff
  • Zip Code 80907
  • Market Denver

Points of Interest

  • Manitou Springs

    5.55 miles

  • 7-Eleven

    0.35 miles

  • Kum & Go

    0.50 miles

  • Conoco

    0.63 miles

  • Exxon

    0.75 miles

  • Shell

    0.96 miles

  • Costco Gasoline

    1.38 miles

  • 7-Eleven

    1.44 miles

  • Domino's EV Charger

    1.66 miles

  • King Soopers Fuel Station

    1.69 miles

  • Kum & Go

    1.70 miles

  • Ute Valley Trailhead

    1.79 miles

  • Alpine Parking Garage and Recreation Field

    2.07 miles

  • Puplit Rock Trailhead Parking

    2.11 miles

  • Garden of the Gods Suttle lot

    2.17 miles

  • Lot 432

    2.25 miles

  • Lot 230

    2.26 miles

  • Main Parking Lot

    2.30 miles

  • Lot 228

    2.31 miles

  • Parking Garage

    2.36 miles

  • P3

    2.40 miles

  • Texas T-Bone

    0.25 miles

  • Ai Sushi & Grill

    0.26 miles

  • Sonic

    0.28 miles

  • Marigold Cafe and Bakery

    0.29 miles

  • KFC

    0.35 miles

  • A&W

    0.35 miles

  • Schlotzsky's

    0.36 miles

  • Jimmy John's

    0.37 miles

  • The Hub

    0.37 miles

  • Panda Express

    0.38 miles

  • Safeway

    0.47 miles

  • Kohl's

    1.32 miles

  • Trader Joe's

    1.59 miles

  • Safeway

    1.61 miles

  • King Soopers

    1.62 miles

  • Safeway

    2.92 miles

  • Sprouts Farmers Market

    3.27 miles

  • Adam's Market International

    3.28 miles

  • King Soopers

    3.37 miles

  • Target

    3.51 miles

  • UCHealth Urgent Care - Garden of the Gods

    0.36 miles

  • Safeway

    0.47 miles

  • Walgreens

    0.53 miles

  • Colorado Springs Fire Department Station 9

    0.53 miles

  • El Paso County Public Health

    0.86 miles

  • Costco

    1.28 miles

  • Colorado Springs Westside

    1.38 miles

  • Fresenius Kidney Care

    1.52 miles

  • UCHealth Grandview Hospital

    1.71 miles

  • PFC Floyd K. Lindstrom Outpatient Clinic at Colorado Springs

    1.79 miles

Frequently Asked Questions

What is the total square footage of 980 Elkton Drive?

980 Elkton Drive totals 51,337 square feet.

When was this property built?

980 Elkton Drive was built in 1994.

When was 980 Elkton Drive last sold?

980 Elkton Drive was last sold on 03 May, 2022.

What is the property tax for 980 Elkton Drive?

The property tax for 980 Elkton Drive in 2021 was $87,889.

What is the market value for 980 Elkton Drive?

The market value* for 980 Elkton Drive in 2021 was $5,071,233.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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