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SARA Building

Off-Market

621 South Sierra Madre Street, Colorado Springs, CO 80903

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  • Property Type Office - General Office
  • Property Size 46,050 Sqft
  • Lot Size 1.61 Acre
  • Parking Spaces Avail. 46
  • Parking Ratio 1.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1973

Location

  • City Colorado Springs, CO
  • Neighborhood Ivywild
  • Zip Code 80903
  • Market Denver

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 19 Mar, 2019
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination 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.

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

Colorado Springs Office Sales Trends

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

  • 2020 Avg. Price per Sqft $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 $54,231
  • Market Value $2,540,981
  • Assessed Value $2,540,981

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

Frequently Asked Questions

What is the total square footage of SARA Building?

SARA Building totals 46,050 square feet.

When was this property built?

SARA Building was built in 1973.

When was SARA Building last sold?

SARA Building was last sold on 19 Mar, 2019.

What is the property tax for SARA Building?

The property tax for SARA Building in 2020 was $54,231.

What is the market value for SARA Building?

The market value for SARA Building in 2020 was $2,540,981.

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