Phoenix Tower

Off-Market

2864 South Circle Drive, Colorado Springs, CO 80906

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 155,000 SF
  • Lot Size 6.13 Acre
  • Parking Spaces Avail. 511
  • Parking Ratio 3.30 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1973

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 16 May, 1994
  • 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 ®

    31/100 Car-Dependent
  • Bike Score ®

    64/100 Bikeable
Powered by Walk Score ®
  • City Colorado Springs, CO
  • Neighborhood Stratton Meadows
  • Zip Code 80906
  • Market Denver

Points of Interest

  • Manitou Springs

    8.44 miles

  • Phillips 66

    0.10 miles

  • Circle K

    0.16 miles

  • Maverik

    0.83 miles

  • Conoco

    0.91 miles

  • ChargePoint

    1.02 miles

  • Circle K

    1.04 miles

  • U Pump It

    1.39 miles

  • King Soopers Gas Station

    1.85 miles

  • Diamond Shamrock

    1.86 miles

  • Everyday Fuel

    1.97 miles

  • BLDG 1 EAST LOT

    0.92 miles

  • BLDG 2, 3, 5 PARKING LOT

    0.96 miles

  • BLDG 1 WEST LOT

    0.99 miles

  • Ivywild Front Parking

    2.02 miles

  • A Lot

    2.32 miles

  • C Lot

    2.36 miles

  • E Lot

    2.39 miles

  • C Lot

    2.42 miles

  • D Lot

    2.45 miles

  • El Paso County Professional Parking Structure

    2.69 miles

  • SCP Hotel Colorado Springs

    0.07 miles

  • Comfort Inn

    0.37 miles

  • Fairfield Inn & Suites Colorado Springs South

    0.39 miles

  • DoubleTree

    0.39 miles

  • Residence Inn Colorado Springs South

    0.41 miles

  • Hampton Inn & Suites Colorado Springs/I-25 South

    0.57 miles

  • Courtyard by Marriott Colorado Springs South

    1.10 miles

  • TravelStar Inn & Suites

    1.71 miles

  • Stagecoach Motel

    1.71 miles

  • Circle S Motel

    1.73 miles

  • McDonald's

    0.30 miles

  • Bada Japanese Restaurant

    0.41 miles

  • Smoothie King

    0.43 miles

  • CARRABBA'S

    0.44 miles

  • Outback Steakhouse

    0.46 miles

  • Chili's

    0.50 miles

  • Arby's

    0.50 miles

  • Fazoli's

    0.53 miles

  • Olde World Bagel and Deli

    0.55 miles

  • Subway

    0.55 miles

  • University of Phoenix

    0.01 miles

  • Gorman Education Center

    0.18 miles

  • Harrison High School

    0.24 miles

  • Mountain Vista Home School Academy

    0.86 miles

  • Fox Meadow Middle School

    1.12 miles

  • Mountain Vista Community School

    1.18 miles

  • Stratton Meadows Elementary School

    1.18 miles

  • The Vanguard School

    1.40 miles

  • Monterey Elementary School

    1.44 miles

  • Pikes Peak Elementary School

    1.50 miles

  • KinderCare

    1.72 miles

  • Little Tykes Learning Center

    2.14 miles

  • Creekside Daycare

    2.94 miles

  • Early Connections Learning Center

    3.07 miles

  • Cheryl Schlessman Bennett Children's Center

    3.69 miles

  • inbloom Autism Services

    5.17 miles

  • Child Development Center

    5.44 miles

  • La Petite Academy

    7.12 miles

  • Primrose School of Springs Ranch

    7.60 miles

  • KinderCare

    8.25 miles

Frequently Asked Questions

What is the total square footage of Phoenix Tower?

Phoenix Tower totals 155,000 square feet.

When was this property built?

Phoenix Tower was built in 1973.

When was Phoenix Tower last sold?

Phoenix Tower was last sold on 16 May, 1994.

What is the market value for Phoenix Tower?

The market value* for Phoenix Tower in 2021 was $7,965,197.
*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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