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Mountain Shadows Professional Center
Colorado Springs, CO, USA
Mountain Shadows Professional Center is a neighborhood medical and professional office building located in Colorado Springs, CO. The property totals 23,948 lease-able square feet and is located on 2.37 acres. Mountain Shadows has an ample 5.05 parking ratio (121 spots) and traffic counts in front of the office building are over 22,000 vehicles per day. Located near the Garden of the Gods, the surrounding zip code is the second wealthiest in Colorado Springs with a one-mile average household income of over $99,000. We sold the property in August of 2016. Over the 14-month life of this investment we realized a 180% cash on cash return. We have since dispositioned this asset and it is no longer in our portfolio.
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