Corporate Ridge

Off-Market

1575 Garden of the Gods Road, Colorado Springs, CO 80907

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  • Property Type Office - R&D - Office
  • Property Size 170,825 SF
  • Lot Size 15.62 Acre
  • Parking Spaces Avail. 854
  • Parking Ratio 5.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1980

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 17 Oct, 2013
  • 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.

  • 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 ®

    37/100 Car-Dependent
  • Transit Score ®

    26/100 Some Transit
  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Colorado Springs, CO
  • Neighborhood Kissing Camels
  • Zip Code 80907
  • Market Denver

Points of Interest

  • Manitou Springs

    4.82 miles

  • Kum & Go

    0.23 miles

  • 7-Eleven

    0.40 miles

  • Conoco

    1.18 miles

  • Exxon

    1.34 miles

  • King Soopers Fuel Station

    1.36 miles

  • Shell

    1.54 miles

  • ChargePoint

    1.60 miles

  • Kum & Go

    1.66 miles

  • Diamond Shamrock

    1.78 miles

  • Costco Gasoline

    2.09 miles

  • Garden of the Gods Suttle lot

    1.50 miles

  • Main Parking Lot

    1.57 miles

  • P3

    1.67 miles

  • P4

    1.77 miles

  • P5

    1.85 miles

  • P6

    1.90 miles

  • P7

    1.92 miles

  • P11

    1.93 miles

  • Ute Valley Trailhead

    2.07 miles

  • Parking Area 10

    2.08 miles

  • TownePlace Suites by Marriott Colorado Springs Garden of the Gods

    0.40 miles

  • Garden of the Gods Club

    1.28 miles

  • Quality Inn & Suites

    1.28 miles

  • Hyatt Place Colorado Springs

    1.34 miles

  • Super 8 Garden of the Gods

    1.43 miles

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

    1.45 miles

  • La Quinta Inn Colorado Springs Garden of the Gods

    1.53 miles

  • Baymont

    1.57 miles

  • Colorado Springs Marriott

    1.93 miles

  • Hyatt House Colorado Springs

    2.28 miles

  • Eim Thai

    0.21 miles

  • Dickey's Barbecue Pit

    0.22 miles

  • Chipotle

    0.28 miles

  • Black Bear Diner

    0.30 miles

  • Taco Express

    0.31 miles

  • Panda Express

    0.35 miles

  • Schlotzsky's

    0.37 miles

  • Crazy Otto's Diner

    0.39 miles

  • KFC

    0.39 miles

  • A&W

    0.39 miles

  • Andrew Jackson Elementary School

    0.95 miles

  • Chipeta Elementary School

    1.13 miles

  • Salem Lutheran School

    1.25 miles

  • Colorado Technical University

    1.28 miles

  • Francisco Vásquez de Coronado High School

    1.51 miles

  • CIVA Charter High School

    1.68 miles

  • Trailblazer Elementary School

    1.77 miles

  • Oliver Wendell Holmes Middle School

    1.91 miles

  • Eagleview Middle School

    1.93 miles

  • Irving Howbert Elementary School

    2.04 miles

  • Alpine Autism Center

    1.36 miles

  • Cheryl Schlessman Bennett Children's Center

    3.87 miles

  • Sunshine Learning Center

    4.01 miles

  • Early Connections Learning Center

    4.55 miles

  • La Petite Academy

    4.81 miles

  • KinderCare

    5.15 miles

  • Northwoods KinderCare

    6.04 miles

  • The Learning Experience

    6.28 miles

  • Playroom Drop-In Childcare

    6.66 miles

  • Creekside Daycare

    6.69 miles

Frequently Asked Questions

What is the total square footage of Corporate Ridge?

Corporate Ridge totals 170,825 square feet.

When was this property built?

Corporate Ridge was built in 1980.

When was Corporate Ridge last sold?

Corporate Ridge was last sold on 17 Oct, 2013.

What is the property tax for Corporate Ridge?

The property tax for Corporate Ridge in 2021 was $55,285.

What is the market value for Corporate Ridge?

The market value* for Corporate Ridge in 2021 was $3,190,000.
*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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