CURRENT PROPERTY
Centennial Commerce Centre
Colorado Springs, CO
ASSET CLASS:
Industrial
ASSET SUB-TYPE:
Service Center
BUILDING:
34,200 sf (5) drive-ins, (1) dock highs
Investment Report
Thesis
Overview
Located in a well-established, master-planned business park, this property sees high traffic volumes every day resulting in high potential.
Risks
Tenant does not renew and it takes a while to find a new tenant that requires 34,200 square feet
OUTLOOK & EXIT
All foreseeable work has been completed and we don’t expect any additional large ticket items to come up within the next 5 years. If this property continues to perform as we believe it will, we anticipate an 11.19% return on a non-levered basis.