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2/11/25
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An entity managed by Alloy Real Estate Capital LLC, out of Lafayette, CO, purchased a 104.7k sf, three-story office building on nearly seven acres in Colorado Springs, CO for $17.25 mil ($165/sf). Known as Tech Center VI and located at 5575 Tech Center Dr, the multi-tenant property was 97% leased at closing to 17 tenants, most in the aerospace and defense government contractor industries.
Tech Center VI is exceptionally located featuring immediate access to the expanding Interstate 25, quick connection to major military installations, and the extensive executive and employee housing in Colorado Springs’ north side. The property is also just 10 minutes from downtown Colorado Springs, 30 minutes to Metro Denver and accessible to Colorado’s Front Range.
The seller was Tech Center VI LLC, an entity managed by Ogilvie Properties Inc, which was represented by Cushman & Wakefield’s Aaron Johnson, Jon Hendrickson and Mitch Veremeychik in the transaction. Ogilvie Properties repositioned the asset with several modern upgrades that included fully renovated lobby, restrooms and spec suites throughout.
“This is a high-quality, stabilized office building that has maintained robust occupancy from a strong tenant roster that perfectly suits the submarket’s profile as one of the largest aerospace and defense industry economies in the U.S.,” said Johnson. “Additionally, since the pandemic, nearly all tenants have renewed their lease or are new since the pandemic, reflecting the property’s and the area’s desirability.”
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