Centennial Research Center

Off-Market

5001 Centennial Blvd, Colorado Springs, CO 80919

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

  • Property Type Office - General Office
  • Property Size 89,925 SF
  • Lot Size 6.33 Acre
  • Parking Spaces Avail. 350
  • Parking Ratio 3.90 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1985

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 28 Jan, 2019
  • 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 ®

    46/100 Car-Dependent
  • Transit Score ®

    25/100 Some Transit
  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • City Colorado Springs, CO
  • Neighborhood Pinecliff
  • Zip Code 80919
  • Market Denver

Points of Interest

  • Manitou Springs

    5.16 miles

  • 7-Eleven

    0.53 miles

  • Kum & Go

    0.59 miles

  • Conoco

    1.38 miles

  • Exxon

    1.50 miles

  • Shell

    1.71 miles

  • 7-Eleven

    1.88 miles

  • King Soopers Fuel Station

    2.03 miles

  • Costco Gasoline

    2.04 miles

  • Kum & Go

    2.25 miles

  • ChargePoint

    2.25 miles

  • Ute Valley Trailhead

    1.40 miles

  • Main Parking Lot

    2.00 miles

  • P3

    2.08 miles

  • Garden of the Gods Suttle lot

    2.09 miles

  • P4

    2.19 miles

  • P5

    2.29 miles

  • P6

    2.36 miles

  • P11

    2.39 miles

  • P7

    2.40 miles

  • Puplit Rock Trailhead Parking

    2.59 miles

  • TownePlace Suites by Marriott Colorado Springs Garden of the Gods

    0.43 miles

  • Quality Inn & Suites

    1.49 miles

  • Days Inn by Wyndham Colorado Springs/Garden of the Gods

    1.55 miles

  • Super 8 Garden of the Gods

    1.56 miles

  • Hyatt Place Colorado Springs

    1.57 miles

  • Colorado Springs Marriott

    1.64 miles

  • Baymont

    1.71 miles

  • La Quinta Inn Colorado Springs Garden of the Gods

    1.73 miles

  • Garden of the Gods Club

    1.88 miles

  • Hyatt House Colorado Springs

    2.03 miles

  • Bamboo Court Restaurant

    0.10 miles

  • Marco's Pizza

    0.11 miles

  • 3.14 Sweet & Savory Pi Bar

    0.29 miles

  • Alma's Pizza

    0.29 miles

  • Eim Thai

    0.55 miles

  • Dickey's Barbecue Pit

    0.55 miles

  • A&W

    0.56 miles

  • KFC

    0.57 miles

  • Schlotzsky's

    0.59 miles

  • Marigold Cafe and Bakery

    0.59 miles

  • Chipeta Elementary School

    0.72 miles

  • Trailblazer Elementary School

    1.10 miles

  • Eagleview Middle School

    1.29 miles

  • Andrew Jackson Elementary School

    1.33 miles

  • Colorado Technical University

    1.57 miles

  • Salem Lutheran School

    1.59 miles

  • CIVA Charter High School

    1.78 miles

  • Foothills Elementary School

    1.97 miles

  • Francisco Vásquez de Coronado High School

    2.18 miles

  • Rockrimmon Elementary School

    2.42 miles

  • Alpine Autism Center

    1.07 miles

  • Sunshine Learning Center

    3.73 miles

  • Cheryl Schlessman Bennett Children's Center

    4.50 miles

  • La Petite Academy

    4.66 miles

  • KinderCare

    5.09 miles

  • Early Connections Learning Center

    5.21 miles

  • Northwoods KinderCare

    5.83 miles

  • The Learning Experience

    6.07 miles

  • Playroom Drop-In Childcare

    6.29 miles

  • Creekside Daycare

    7.36 miles

Frequently Asked Questions

What is the total square footage of Centennial Research Center?

Centennial Research Center totals 89,925 square feet.

When was this property built?

Centennial Research Center was built in 1985.

When was Centennial Research Center last sold?

Centennial Research Center was last sold on 28 Jan, 2019.

What is the property tax for Centennial Research Center?

The property tax for Centennial Research Center in 2021 was $126,665.

What is the market value for Centennial Research Center?

The market value* for Centennial Research Center in 2021 was $7,308,637.
*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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