Interquest Portfolio
9950 & 9960 Federal Drive | Colorado Springs
The Offering
Summary
- PROPERTY: 2 Single-Story Flex / R&D Buildings
- NRA: 116,170 SF
- OCCUPANCY: 100%
- NUMBER OF TENANTS: 6
- WEIGHTED AVERAGE LEASE TERM REMAINING (WALT): 5 Years, 2 Months
- YOC: 2001
Interquest III & IV
Cushman & Wakefield, as exclusive advisor for the Seller, is pleased to present the opportunity to acquire the fee simple interest in Interquest Portfolio, a Class A, two-building, single-story flex/research and development portfolio located in the premier Interquest Business Park in northern Colorado Springs (“Interquest Portfolio”, “Portfolio” or “Properties”). Interquest Portfolio is comprised of 116,170 square feet across both buildings and is currently 100% leased to a select tenant base of technology and healthcare tenants providing durable in-place cash flow with over five years of weighted average lease-term remaining. Upside exists through capturing additional medical occupancy, catering to current tenant demand. CommonSpirit Health’s Penrose (ranked top 50 in the country) operates its third campus adjacent to the Portfolio. This facility includes a $150 million hospital, which opened in 2023, specializing in spine and orthopedic care. CommonSpirit Health plans to expand this campus driving additional tenant demand in the market. With Interstate 25 identity to over 136,000 vehicles that pass by per day and outstanding mountain views of Pikes Peak and the Front Range, the Interquest Portfolio features the best-in-class single-story flex/research and development assets in Colorado Springs.
Located at the intersection of Interstate 25 and Interquest Parkway, the Interquest Portfolio provides tenants with quick connection to the extensive executive and employee housing on Colorado Springs’ north side, is ten minutes from Downtown Colorado Springs and only thirty minutes from Metro Denver. Colorado Springs’ rapid growing economy and population growth is highly diversified across many industry sectors including Healthcare, Technology, Aerospace, Military & Defense, and Education. Access to Colorado’s Front Range, proximity to Denver, low cost housing and business operation and educated workforce are all contributing factors to one of the highest growth markets in the country.
Investment Highlights
Location
