ACADEMY POINT ATRIUM I

1250 Academy Park Loop, Colo. Springs, CO 80910

SOLD

Property Overview

The property securing the loan is Academy Point Atrium I, a 92,099-square-foot, two-story office building located in Colorado Springs, Colorado. The building was built in 1981 with steel-framed construction and exterior walls consisting of concrete block with brick overlay. Its interior includes an atrium with a decorative pool and fountain. The building has been periodically renovated and updated, and it sets up well for multi-tenant or single-tenant use.

Investment at a Glance

  • Location: Colo. Springs, CO
  • Property Type: Class A Office
  • Acquisition Date: Sep 7, 2010
  • Purchase Price: $2,775,000
  • LOCATION: Colorado Springs, CO
  • INVESTMENT TYPE: Non-Performing First Mortgage
  • LOAN BALANCE AT ACQUISITION: $6,076,063
  • YEAR BUILT: 1981
  • Year Built: 1981
  • Square Footage: 92,099 SF
  • Number of Buildings: 1
  • Number of Stories: 2

$2,775,000

Total Purchase Price

92,099

square feet

Total Rentable Area

Class A

Building Class