3204 - 3208 E Platte Ave

3204 E Platte Ave Colorado Springs, CO 80909

3204 E Platte Ave, Colorado Springs, CO, 80909
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FOR SALE
Property Type:
Other Industrial
Amount:
$9,900,000
Last Verified:
Sep 25, 2024

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Highlights

  • Well Below (55%) Replacement Cost
  • Easy Access to all of Colorado Springs Metro via E Platte & N Academy Blvd
  • Located in Densely Populated Area
  • Strong Corporate Guarantee
  • Opportunity Zone

Description

A rare investment opportunity in the rapidly growing South Central region of the city. The property lies in an Opportunity Zone, which can provide significant tax advantages to investors. This fully leased, single-tenant asset is strategically positioned on E Platte Ave, a major thoroughfare with a daily vehicle count exceeding 42,800, providing exceptional visibility and identity for the tenant.

The tenant, one of the largest and fastest-growing RV retail companies in history, currently owns and operates 100 full-service dealerships and over 1,000 service bays nationwide. The property caters perfectly to the tenant’s unique needs, offering a blend of retail and service space that aligns with their expansive operations.

The lease, which extends through November 30, 2029, is currently generating market rental income, making this an attractive option for investors seeking stable and consistent returns with room to grow. The combination of a high-profile tenant, prime location, and long-term lease makes this property a standout investment opportunity in the Colorado Springs market.

South Central region of the city


Year Built: 1967
Building Size: 45828sq ft
Building Class: C
Lot Size: 5.6 acres


Documents

3204 - 3208 E Platte Ave OM.pdf
Blue Compass NDA for Prospective Buyers.docx

Map of 3204 E Platte Ave, Colorado Springs, CO, 80909

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.