Marcus & Millichap brokers $4.5 million sale of Colorado Springs flex industrial property

Marcus & Millichap, Inc.

MMI

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Marcus & Millichap brokered the USD 4.5 million sale of a 54,882-square-foot industrial-flex property at 3450 North Nevada Avenue in Colorado Springs.
The asset sits on 2.88 acres, was built in 1966, is split into two suites, and can support single-tenant or multi-tenant use.
A private partnership based in Colorado Springs sold the property to a private investor group based in California and New York.
The buyer plans a substantial redevelopment to reposition the property for modern industrial tenant requirements.

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