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Citadel Crossing Shopping Center - Lowe's

Off-Market

701 North Academy Blvd, Colorado Springs, CO 80909

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  • Property Type Retail - Power Center
  • Property Size 121,282 SF
  • Lot Size 10.55 Acre
  • Property Tenancy Owner Occupied
  • Year Built 2011

Location

  • City Colorado Springs, CO
  • Neighborhood Rustic Hills
  • Zip Code 80909
  • Market Denver

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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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

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.

  • 2020 Avg. Asking Rent $21.08
  • 2020 Office Vacancy Rate 14.71%
  • 2020 Office Completions (SF)

Colorado Springs Office Sales Trends

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

  • 2020 Avg. Price per SF $155.39
  • Y-o-Y Avg. PpSF Change 24.17%
  • 2020 Office Sales Volume $159M
  • 2020 Number of Transactions 14
View more Colorado Springs market trends

Tax

  • Property Tax in 2020 $158,285
  • Market Value* $7,957,000
  • Assessed Value $7,957,000

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Citadel Crossing Shopping Center - Lowe's?

Citadel Crossing Shopping Center - Lowe's totals 121,282 square feet.

When was this property built?

Citadel Crossing Shopping Center - Lowe's was built in 2011.

What is the property tax for Citadel Crossing Shopping Center - Lowe's?

The property tax for Citadel Crossing Shopping Center - Lowe's in 2020 was $158,285.

What is the market value for Citadel Crossing Shopping Center - Lowe's?

The market value* for Citadel Crossing Shopping Center - Lowe's in 2020 was $7,957,000.
*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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