LP PPTY SL - LoopNet · LP PPTY SL );0;u "|u;;| 7 o tou-7o "rubm]v 7 v T e s ss l `_oRol Holly r s...
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Rev. 6/26/2019 OUR NETWORK IS YOUR EDGE. All informaon is from sources deemed reliable and is subject to errors, omissions, change of price, rental, prior sale, and withdrawal without noce. Prospect should carefully verify each item of informaon contained herein. Hoff & Leigh | 1259 Lake Plaza Drive | Colorado Springs, CO 80906 | 719.630.2277 office www.hoffleigh.com/colorado-springs REDEVELOPMENT PROPERTY FOR SALE 4003 N Weber Street, Colorado Springs, CO 80907 Tim Leigh O: 719.630.2277 C: 719.337.9551 m@hoffleigh.com Holly Trinidad O: 719.630.2277 C: 719.337.0999 holly@hoffleigh.com OVERVIEW For Sale: 4003 North Weber Street: The Arena athlec training center, the adjacent daycare center and adjacent, vacant 2.3 acres. Asking price: $3,500,000. The Arena is a high-cube industrial building currently used as a full-service gymnasium. It’s approximately 22,585 square feet on approximately 1 acre. The property is zoned PBC/CR. It is easily converted to industrial use or it could connue as an athlec training facility. The gym-area has a regulaon-sized wood basketball court; the building has a world-class weight room and ancillary storage. There is a daycare building. It’s approximately 4,366 square feet on approximately an acre. It currently generates around $5,800 per month. The daycare operator has been in this locaon for many years and has indicated their desire to remain. Their lease expires 06/30/2020. There are 9 separate, small office buildings that could be leased for income. Currently, they are under-performing with some used as offices for rent and some used for the seller’s storage. Addionally, there are 2.3 acres for sale. This is a prime development opportunity. The total package is priced at $3,500,000. The Seller may consider selling parts. For example, he may parse The Arena + 9 buildings, or the daycare, or the land. The daycare pricing is $870,000 (8% cap rate on current income) and the land pricing is $650,000 ($6.50 per square foot). The total building size is 45,778 SF. At $3,500,000 the price is only $76.46 per square foot (with no aribuon of value for the vacant land!) This is a terrific value play with upside for someone with redevelopment capacity. For a private showing and all the confidenal financial details, call Tim Leigh: 719-337-9551 or Holly Trinidad: 719-337-0999. Sale Price: Building Size: Lot Size: Zoning: $3,500,000 45,778 SF 7.48 Acres PBC / CR
Transcript of LP PPTY SL - LoopNet · LP PPTY SL );0;u "|u;;| 7 o tou-7o "rubm]v 7 v T e s ss l `_oRol Holly r s...
![Page 1: LP PPTY SL - LoopNet · LP PPTY SL );0;u "|u;;| 7 o tou-7o "rubm]v 7 v T e s ss l `_oRol Holly r s s _o t t `_oRol OVERVIEW For Sale: 4003 North Weber Street: The Arena athletic training](https://reader033.fdocuments.us/reader033/viewer/2022060603/6057a2f42df9d636ac0cd966/html5/thumbnails/1.jpg)
Rev.
6/2
6/20
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OUR NETWORK IS YOUR EDGE.
All information is from sources deemed reliable and is subject to errors,omissions, change of price, rental, prior sale, and withdrawal without notice. Prospect should carefully verify each item of information contained herein.
Hoff & Leigh | 1259 Lake Plaza Drive | Colorado Springs, CO 80906 | 719.630.2277 office www.hoffleigh.com/colorado-springs
REDEVELOPMENT PROPERTY FOR SALE4003 N Weber Street, Colorado Springs, CO 80907
Tim LeighO: 719.630.2277C: 719.337.9551
Holly TrinidadO: 719.630.2277C: 719.337.0999
OVERVIEWFor Sale: 4003 North Weber Street: The Arena athletic training center, the adjacent daycare center and adjacent, vacant 2.3 acres. Asking price: $3,500,000.
The Arena is a high-cube industrial building currently used as a full-service gymnasium. It’s approximately 22,585 square feet on approximately 1 acre. The property is zoned PBC/CR. It is easily converted to industrial use or it could continue as an athletic training facility. The gym-area has a regulation-sized wood basketball court; the building has a world-class weight room and ancillary storage.
There is a daycare building. It’s approximately 4,366 square feet on approximately an acre. It currently generates around $5,800 per month. The daycare operator has been in this location for many years and has indicated their desire to remain. Their lease expires 06/30/2020.
There are 9 separate, small office buildings that could be leased for income. Currently, they are under-performing with some used as offices for rent and some used for the seller’s storage.
Additionally, there are 2.3 acres for sale. This is a prime development opportunity.
The total package is priced at $3,500,000. The Seller may consider selling parts. For example, he may parse The Arena + 9 buildings, or the daycare, or the land. The daycare pricing is $870,000 (8% cap rate on current income) and the land pricing is $650,000 ($6.50 per square foot). The total building size is 45,778 SF. At $3,500,000 the price is only $76.46 per square foot (with no attribution of value for the vacant land!) This is a terrific value play with upside for someone with redevelopment capacity.
For a private showing and all the confidential financial details,call Tim Leigh: 719-337-9551 or Holly Trinidad: 719-337-0999.
Sale Price: Building Size: Lot Size: Zoning:$3,500,000 45,778 SF 7.48 Acres PBC / CR
![Page 2: LP PPTY SL - LoopNet · LP PPTY SL );0;u "|u;;| 7 o tou-7o "rubm]v 7 v T e s ss l `_oRol Holly r s s _o t t `_oRol OVERVIEW For Sale: 4003 North Weber Street: The Arena athletic training](https://reader033.fdocuments.us/reader033/viewer/2022060603/6057a2f42df9d636ac0cd966/html5/thumbnails/2.jpg)
OUR NETWORK IS YOUR EDGE.
All information is from sources deemed reliable and is subject to errors,omissions, change of price, rental, prior sale, and withdrawal without notice. Prospect should carefully verify each item of information contained herein.
Hoff & Leigh | 1259 Lake Plaza Drive | Colorado Springs, CO 80906 | 719.630.2277 office www.hoffleigh.com/colorado-springs
REDEVELOPMENT PROPERTY FOR SALE4003 N Weber Street, Colorado Springs, CO 80907
Tim LeighO: 719.630.2277C: 719.337.9551
Holly TrinidadO: 719.630.2277C: 719.337.0999
![Page 3: LP PPTY SL - LoopNet · LP PPTY SL );0;u "|u;;| 7 o tou-7o "rubm]v 7 v T e s ss l `_oRol Holly r s s _o t t `_oRol OVERVIEW For Sale: 4003 North Weber Street: The Arena athletic training](https://reader033.fdocuments.us/reader033/viewer/2022060603/6057a2f42df9d636ac0cd966/html5/thumbnails/3.jpg)
OUR NETWORK IS YOUR EDGE.
All information is from sources deemed reliable and is subject to errors,omissions, change of price, rental, prior sale, and withdrawal without notice. Prospect should carefully verify each item of information contained herein.
Hoff & Leigh | 1259 Lake Plaza Drive | Colorado Springs, CO 80906 | 719.630.2277 office www.hoffleigh.com/colorado-springs
REDEVELOPMENT PROPERTY FOR SALE4003 N Weber Street, Colorado Springs, CO 80907
Tim LeighO: 719.630.2277C: 719.337.9551
Holly TrinidadO: 719.630.2277C: 719.337.0999
![Page 4: LP PPTY SL - LoopNet · LP PPTY SL );0;u "|u;;| 7 o tou-7o "rubm]v 7 v T e s ss l `_oRol Holly r s s _o t t `_oRol OVERVIEW For Sale: 4003 North Weber Street: The Arena athletic training](https://reader033.fdocuments.us/reader033/viewer/2022060603/6057a2f42df9d636ac0cd966/html5/thumbnails/4.jpg)
OUR NETWORK IS YOUR EDGE.
All information is from sources deemed reliable and is subject to errors,omissions, change of price, rental, prior sale, and withdrawal without notice. Prospect should carefully verify each item of information contained herein.
Hoff & Leigh | 1259 Lake Plaza Drive | Colorado Springs, CO 80906 | 719.630.2277 office www.hoffleigh.com/colorado-springs
REDEVELOPMENT PROPERTY FOR SALE4003 N Weber Street, Colorado Springs, CO 80907
Tim LeighO: 719.630.2277C: 719.337.9551
Holly TrinidadO: 719.630.2277C: 719.337.0999
![Page 5: LP PPTY SL - LoopNet · LP PPTY SL );0;u "|u;;| 7 o tou-7o "rubm]v 7 v T e s ss l `_oRol Holly r s s _o t t `_oRol OVERVIEW For Sale: 4003 North Weber Street: The Arena athletic training](https://reader033.fdocuments.us/reader033/viewer/2022060603/6057a2f42df9d636ac0cd966/html5/thumbnails/5.jpg)
OUR NETWORK IS YOUR EDGE.
All information is from sources deemed reliable and is subject to errors,omissions, change of price, rental, prior sale, and withdrawal without notice. Prospect should carefully verify each item of information contained herein.
Hoff & Leigh | 1259 Lake Plaza Drive | Colorado Springs, CO 80906 | 719.630.2277 office www.hoffleigh.com/colorado-springs
REDEVELOPMENT PROPERTY FOR SALE4003 N Weber Street, Colorado Springs, CO 80907
Tim LeighO: 719.630.2277C: 719.337.9551
Holly TrinidadO: 719.630.2277C: 719.337.0999
![Page 6: LP PPTY SL - LoopNet · LP PPTY SL );0;u "|u;;| 7 o tou-7o "rubm]v 7 v T e s ss l `_oRol Holly r s s _o t t `_oRol OVERVIEW For Sale: 4003 North Weber Street: The Arena athletic training](https://reader033.fdocuments.us/reader033/viewer/2022060603/6057a2f42df9d636ac0cd966/html5/thumbnails/6.jpg)
OUR NETWORK IS YOUR EDGE.
All information is from sources deemed reliable and is subject to errors,omissions, change of price, rental, prior sale, and withdrawal without notice. Prospect should carefully verify each item of information contained herein.
Hoff & Leigh | 1259 Lake Plaza Drive | Colorado Springs, CO 80906 | 719.630.2277 office www.hoffleigh.com/colorado-springs
REDEVELOPMENT PROPERTY FOR SALE4003 N Weber Street, Colorado Springs, CO 80907
Tim LeighO: 719.630.2277C: 719.337.9551
Holly TrinidadO: 719.630.2277C: 719.337.0999
