Patriot Park V

Property Type Office - General Office
Property Size 51,770 SF
Lot Size 5.07 Acre
Parking Spaces Avail. 200
Parking Ratio 3.88/ 1,000 SF
Property Tenancy Single Tenant
Building Class A
Year Built 2006

Location

Map
Street

City Colorado Springs, CO
Neighborhood Rustic Hills
Zip Code 80915
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 Date 16 Apr, 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

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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 $97,323
Market Value* $4,892,500
Assessed Value $4,892,500

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*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 Patriot Park V?

Patriot Park V totals 51,770 square feet.

When was this property built?

Patriot Park V was built in 2006.

When was Patriot Park V last sold?

Patriot Park V was last sold on 16 Apr, 2019.

What is the property tax for Patriot Park V?

The property tax for Patriot Park V in 2020 was $97,323.

What is the market value for Patriot Park V?

The market value* for Patriot Park V in 2020 was $4,892,500.
*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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