Tech Center VI Colorado Springs, CO

The Offering

Cushman & Wakefield, as exclusive advisor for the Seller, is pleased to present the opportunity to acquire the fee simple interest in Tech Center VI; a recently renovated, three-story multi-tenant office building located in the premier northern submarket of Colorado Springs Technological Center (“Tech Center VI” or “Property”). Tech Center VI is comprised of 104,702 square feet and is currently 88% leased to a primarily aerospace & defense government contractor tenant base anchored by CACI (46% of the existing rent roll, tenant since 2003) with a weighted average lease term (WALT) of nearly five years. In the post-pandemic era, 15 of the 16 tenants have either renewed or are new to the building. The Property was constructed in 1985, underwent a major renovation in 2019, and in 2023, recently completed new spec suites throughout. Tech Center VI provides investors with a unique opportunity to acquire durable in-place cash flow anchored by high quality tenants in the Aerospace & Defense Industry in the second largest aerospace economy in the country and permanent home to Space Command.

Tech Center VI is exceptionally located in Colorado Springs featuring immediate access to Interstate 25 at Corporate Drive, quick connection to all major military installations, and the extensive executive and employee housing in Colorado Springs’ north side. Tech Center VI is ten minutes from Downtown Colorado Springs and only thirty minutes from Metro Denver. Colorado Springs’ rapid growing economy and population is highly diversified across many industry sectors including Military & Defense, Healthcare, Technology and Education. Access to Colorado’s Front Range, proximity to Denver, low cost of housing, business operation and educated workforce are all contributing factors to this high-growth market.

Investment Highlights

• DEPENDABLE IN-PLACE CASH FLOW ANCHORED BY AEROSPACE & DEFENSE INDUSTRY

• 68% AEROSPACE & DEFENSE TENANT BASE WITH WEIGHTED AVERAGE TENURE OF 15.27 YEARS AT THE PROPERTY

• SCIF & SECURE SPACE

• FIVE MAJOR MILITARY INSTALLATIONS

• EXCEPTIONAL LOCATION & ACCESS

• AREA AMENITIES

• HIGH QUALITY CONSTRUCTION & FLEXIBLE, EFFICIENT FLOORPLATES

• NET LEASE OFFICE MARKET

• CONTINUED RESIDENTIAL DEVELOPMENT

• STRONG COLORADO SPRINGS GROWTH MARKET, LOW COST ALTERNATIVE TO DENVER