SWC Interquest Pkwy & New Allegiance Drive, Colorado Springs, CO

Property Type Office - Medical Office
Property Size 65,000 SF
Lot Size 57.81 Acre
Building Class B
Year Built 2022

Location

City Colorado Springs, CO
Neighborhood Interquest
Zip Code 80921
Market Denver

Contacts

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Owner

True Owner
Registered Owner

Brokers

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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

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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

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Tax

Property Tax in 2021 $672,398
Market Value* $32,107,088
Assessed Value $32,107,088

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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 SWC Interquest Pkwy & New Allegiance Drive?

SWC Interquest Pkwy & New Allegiance Drive totals 65,000 square feet.

When was this property built?

SWC Interquest Pkwy & New Allegiance Drive was built in 2022.

What is the property tax for SWC Interquest Pkwy & New Allegiance Drive?

The property tax for SWC Interquest Pkwy & New Allegiance Drive in 2021 was $672,398.

What is the market value for SWC Interquest Pkwy & New Allegiance Drive?

The market value* for SWC Interquest Pkwy & New Allegiance Drive in 2021 was $32,107,088.
*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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SWC Interquest Pkwy & New Allegiance Drive, Colorado Springs, CO 80921 - Office Space

SWC Interquest Pkwy & New Allegiance Drive is located at SWC Interquest Pkwy & New Allegiance Drive in the Interquest neighborhood, CO, Colorado Springs, 80921. The Class B Office building was completed in 2022 and features a total of 65,000 SF.

There are 23 office spaces for lease in the Interquest neighborhood, totaling 348,629 SF of available office space. The office space availability for the 80921 zip code is 320,868 SF, in 40 office spaces. The average asking office rent per SF in Interquest is $19.89/SF/YR. For Class A office buildings the average office rate is $31/SF/YR, for Class B office buildings the average office rate is $16.05/SF/YR.

In Interquest, there are 8 class B office buildings. In Interquest, there are a total of 3 LEED certified office buildings. In 2022, the same year SWC Interquest Pkwy & New Allegiance Drive was built, 2 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Colorado Springs, featuring 395,007 square feet of commercial space. At zip code level, there are 27 commercial properties, of which 17 are office buildings over 50,000 square feet.