the alamo building
TRANSCRIPT
NON-ENDORSEMENT & DISCLAIMER NOTICE
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the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of
Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and
to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due
diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income
or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and
improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the
physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions
to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we
believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus
& Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy
or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.
© 2017 Marcus & Millichap. All rights reserved.
NON-ENDORSEMENT NOTICEMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this
marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or
sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, prod-
uct, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee
information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
THE ALAMO BUILDINGC O L O R A D O S P R I N G S , C O L O R A D O
O F F I C E S N A T I O N W I D E A N D T H R O U G H O U T C A N A D A
WWW.MARCUSMILLICHAP.COM
BARRY HIGGINSSenior Vice President Investments
Denver, ColoradoOffice 303.328.2012
[email protected] CO EA 748415
EXCLUSIVELY LISTED BY
CARLOS CAINAssociate
Denver, ColoradoOffice 303.328.2057
[email protected] FA100073451
01
05
08
EXECUTIVE SUMMARYSECTION 1 Investment Overview • Investment Highlights
COMPARABLE PROPERTIESSECTION 3 Lease Comparables • Sales Comparables
FINANCIAL ANALYSISSECTION 2 Pricing Details • Operating Data • Rent Roll
TABLE OF CONTENTS
EXCLUSIVELY LISTED BY:
THE ALAMO BUILDINGC O L O R A D O S P R I N G S , C O L O R A D O
08 MARKET SUMMARYSECTION 4
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THE ALAMO BUILDING COLORADO SPRINGS, CO
INVESTMENT OVERVIEWMarcus & Millichap is pleased to exclusively present to qualified investors the historic four-story Alamo building in downtown Colorado Springs, Colorado. The Alamo office building is listed on the national list of historic places. Constructed to serve as a hotel in 1890 and renovated in 1899, it served as a traveling stop for travelers and salesmen. This property is one of 93 properties and districts listed on the National Register in El Paso county, including two National Historic Landmarks. Many classic finishes remain.
Substantial funds have been invested in recent structural improvements including a new roof and HVAC system. The Alamo building is a highly visible asset located at 128 S Tejon Street and is adjacent to the El Paso County Combined Courts. The building is 93 percent occupied, mainly by important local law firms which makes this location ideal because of the proximity to the courts.
Colorado Springs is the second most populous city in Colorado, after Denver, and the 41st most populous city in the country with an estimated 2017 population of 716,000.
The Alamo Building is virtually in the heart of shopping, entertainment and the major employment district of Downtown Colorado Springs.
DOWNTOWN DEVELOPMENT AUTHORITYDowntown Colorado Springs is the epicenter for business in the Pikes Peak region. In recent years, Downtown Colorado Springs has experienced a notable surge in new development and revitalization. Many significant initiatives are under construction, including an iconic United States Olympic Museum and Hall of Fame, new residential and hotel properties, and several projects on the Colorado College campus.
The Downtown Development authority has created a Downtown Living Inquisitive to accelerate new residential growth. Qualified projects receive 100 percent of property tax increment.
UPSIDE IN RENTAL RATES
ADJACENT TO EL PASO COUNTY
COURTS
LANDMARK LOCATION
INVESTMENT HIGHLIGHTS
► Located in the Heart of the Central Business District
► Adjacent to El Paso County Combined Courts
► On National Historic Register
► Many Classic Finishes Remain
► 93% Occupied
► Market Rate Assumable Financing
► Upside in Rental Rates
► Several Long-Term Tenants
► Landmark Location
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Number of Stories Four (4)
Year Built 1900
Year Renovated 1976
Square Footage 39,124
Lot Size 0.44 AC
Parking Spaces 20 Spaces
Parking Ratio .047 / 1,000 SF
Construction Masonry
Assessor APN 64183-02-015 (El Paso County)
Zoning FBZ- CEN
PROPERTY DETAILS
OFFERING HIGHLIGHTS
128 South Tejon ST. Colorado Springs, CO
OFFERING PRICE
UNPRICED
THE ALAMO BUILDING
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CACHE LA POUDRE ST.
PLATTE AVE
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E. KIOWA ST.
PIKES PEAK AVE.
COLORADO AVE COLORADO AVE
CUCHARRAS ST.
VERMIJO AVE.
COSTILLA ST.
CIMARRON ST.CIMARRON ST.
MORENO AVE.
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Business Improvement District
Downtown Development Authority
COLORADO COLLEGE CAMPUS
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Downtown Colorado Springs Bounday Map JAN 2017
SPECIAL IMPROVEMENT DISTRICTS
SUBJECT PROPERTY
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SPECIAL IMPROVEMENT DISTRICTSGREATER DOWNTOWN COLORADO SPRINGS BID
The Greater Downtown Colorado Springs Business Improvement District (BID) ensures that Downtown provides an urban environment that is clean,
engaging, welcoming and walkable. The BID promotes the Downtown experience through consumer marketing efforts and welcomes patrons with an
exceptional pedestrian experience.
Voters established the first Downtown BID, the Pikes Peak Avenue BID, in 1994, and following two voter-approved expansions, the current BID now
encompasses 32 blocks. The services and improvements provided by the BID are not intended to duplicate or supplant those provided by the City of
Colorado Springs within the boundaries of the BID, but rather to enhance the Downtown experience. The BID is financed by a 5 mill levy on real and
personal property within the district.
The Colorado Springs Downtown Development Authority is guided by a mission to build public and private investment partnerships that promote the
physical and economic growth of Downtown Colorado Springs and encompasses roughly two square miles of Downtown. Voters established the Down-
town Development Authority (DDA) in November 2006 to provide programs and financial incentives to encourage Downtown development. DDA is gov-
erned by a board of 11 people appointed by Colorado Springs City Council. Downtown Partnership executes the work of the DDA as a contracted affiliate.
In 2016, City Council adopted the Experience Downtown Plan as the updated plan of development for DDA. The DDA is funded in two ways: first, by a
5-mill tax levy within the district to support its operations, and second, through Tax Increment Financing (TIF). The latter tax is the capture of increased
property tax revenues following a baseline assessment. TIF revenues go into a special fund and as it grows, the funds can be leveraged for support of
Downtown projects. The DDA’s TIF will expire in 2037.
To date, DDA has provided more than $2 million in support to a wide variety of businesses, nonprofits and initiatives that enhance the economic vitality
of Downtown. This has included façade improvements of many small businesses; support of events such as the Downtown Olympic Celebration, Waldo
Waldo 5K and many other special events that bring tens of thousands of people Downtown; enhancements to streetscapes and public spaces; and
support for feasibility studies for projects that hold catalytic potential for Downtown. In all instances, DDA dollars leverage additional public and private
investment, resulting in a multi-fold return from DDA support.
The Experience Downtown Plan Volume 1 serves as the Plan of Development for DDA. The plan was created in 2016 as an update to the original Imag-
ine Downtown Plan, which governed the DDA from 2007 through the newest plan’s adoption in 2016. The Experience Downtown Plan consists of eight
primary goals and 36 aligning action steps.
COLORADO SPRINGS DOWNTOWN DEVELOPMENT AUTHORITY
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FINANCIALANALYSIS
THE ALAMO BUILDING
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PRICING DETAILS
PRICE Unpriced
Rentable Built Area (RBA) 39,124 SF
Occupancy 93.45%
ASSUME EXISTING LOAN
Approximate Balance* $3,513,502
Interest Rate 5.50%
Amortization 30 Years
Term 10 Years, Due 12/2023
OPERATING DATA
INCOME 2018 PROJECTED
Gross Scheduled Income $682,715
Vacancy ($47,379)
Effective Rental Income $635,336
Other Income $130,096
Expense Reimbursements $40,000
Total Income $805,432
Total Operating Expenses $252,865
Net Operating Income $552,567
Debt Service $258,916
Net Cash Flow After Debt Service $293,651
Debt Coverage 2.13
OPERATING EXPENSES 2018 PROJECTED
Real Estate Taxes $93,158
Insurance $22,550
Maintenance and Repairs $7,800
Utilities- Electric $78,000
Electrical $1,200
Janitorial $22,100
Security $1,200
Landscaping & Snow Removal $4,620
Management Fee (3.5%) $22,237
Total Expenses $252,865
Expenses/SF $6.46
*As of Dec 2018
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RENT ROLL
TENANT SUITESQUARE
FEETLEASE COMM.
LEASE EXP.ANNUAL RENT/SF
TOTAL RENT/MONTH
CHANGES ON
RENT INCREASE
LEASE TYPE
RENEWAL OPTIONS
Dennis Hartley, Esq. 202882
2.25%1/1/2017 12/31/2019 $18.50 $1,359.75
Gross Base Year
Vacant 2061,100
2.73% $18.50
Drachen Design 4041,716
4.37%7/1/2016 6/30/2021 $21.00 $3,003.00
Gross Base Year
Finn’s RestaurantLower Level &
Patio
10,000
25.49%12/4/1975 12/31/2021 $13.74 $11,449.21 8/1/2018
Gross Base Year
+ % Rent
TI Probation 301, 309 & 3104,899
12.49%8/1/2015 7/31/2019 $18.50 $7,552.62
Gross Base Year
Gasper Law102, 106, 105,
200, 204, & 300
15,547
39.89%4/1/2013 3/31/2023 $19.37 $25,100.40
Gross Base Year
Kantex Holdings, Inc. 2102,510
6.40%11/11/2016 1/10/2020 $18.00 $3,765.00 11/2/2018
Gross Base Year
Vacant 4021,461
3.72% $18.50
Richard Kennedy 4011,009
2.57% 1/1/2014 12/31/2018 $8.50 $714.71
Gross Base Year
Total Square Feet: 39,124 Total Monthly Income: $52,945
Total Occupied Square Feet: 36,563 Total Annual Income: $635,336
Total Occupancy: 93.45% Average Rent/SF: $16.80 TH
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COMPARABLEPROPERTIES
THE ALAMO BUILDING
LEASE COMPARABLES – SUMMARY
UMB BANK BUILDING
THE ALAMO BUILDING
1
THE KIOWA BUILDING2
COLORADO SQUARE3
PIKES PEAK BUILDING4
DEGRAFF BUILDING5
EL PASO BUILDING6
US BANK BUILDING7
ALAMO CORPORATE CENTER8
PLAZA OF THE ROCKIES NORTH9
PLAZA OF THE ROCKIES SOUTH10
GAZETTER BUILDING11
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LEASE COMPARABLES
THE ALAMO BUILDING128 S Tejon St. Colorado Springs, CO
AVERAGE RENT/SF $16.80
Occupancy 93.45%
Available SF 2,561 SF
Lease Type Gross / Base Year
ADDITIONAL INFO
Year Built 1900 / 1976
Gross Building Area 42,556 SF
Lot Size 0.44 AC
1 UMB BANK BUILDING101 North Cascade Ave. Colorado Springs, CO
AVERAGE RENT/SF $12.00-$14.00
Occupancy 86.2%
Available SF 5,576 SF
Lease Type NNN
Date of Survey 4/12/18
ADDITIONAL INFO
Year Built 1986
Gross Leasable Area 40,368 SF
Lot Size 0.24 AC
UMB Bank
Quantum Commercial Group
AssuredPartners Inc.
Spire Investment Partners, LLC
Dyer & Maier Insurance Brokers
CCI Systems, INC.
KEY TENANTS
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2 THE KIOWA BUILDING 130 East Kiowa Ave. Colorado Springs, CO
3
AVERAGE RENT/SF $12.00
Occupancy 67.4%
Available SF 10,750 SF
Lease Type FSG
Date of Survey 4/12/2018
ADDITIONAL INFO
Year Built 1900
Gross Leasable Area 33,000 SF
Lot Size 0.25 AC
Engineering Ministries International
ClikFocus
DaVinci Financial Planning
KEY TENANTS
COLORADO SQUARE
2 North Nevada Ave. Colorado Springs, CO
AVERAGE RENT/SF $16.00- $18.00
Occupancy 77.5%
Available SF 55,368 SF
Lease Type NNN
Date of Survey 4/12/2018
ADDITIONAL INFO
Year Built 1976 / 2000
Gross Leasable Area 246,241 SF
Lot Size 0.76 AC
Kinder Morgan
Rod Ermel Associates, Inc
DocuMart, LLC
Kimley-Horn
Advanced Network Management, Inc
KEY TENANTS
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4 PIKES PEAK BUILDING 102 E Pikes Peak Ave. Colorado Springs, CO
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AVERAGE RENT/SF $16.00
Occupancy 86.1%
Available SF 3,067 SF
Lease Type MG
Date of Survey 4/12/2018
ADDITIONAL INFO
Year Built 1962
Gross Leasable Area 21,985 SF
Lot Size 0.10 AC
KEY TENANTS
DEGRAFF BUILDING
118 North Tejon St. Colorado Springs, CO
AVERAGE RENT/SF $10.75
Occupancy 100%
Available SF 0 SF
Lease Type MG
Date of Survey 4/12/2018
ADDITIONAL INFO
Year Built 1897
Gross Leasable Area 26,371 SF
Lot Size 0.24 AC
30dps Marketing
Oskar Blues Restaurant
Walston Group Real Estate
KEY TENANTS
Lane Mitchell Jewelers
R. Gregory Haller, Esq.
Charlie’s Convenience Store
Case Entertainment Group
Olive Real Estate Group
Boy’s and Girl’s Club
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6 EL PASO BUILDING 3 South Tejon St. Colorado Springs, CO
7
AVERAGE RENT/SF $20.00
Occupancy 100%
Available SF 0 SF
Lease Type FS
Date of Survey 4/12/2018
ADDITIONAL INFO
Year Built 1900
Gross Leasable Area 20,086 SF
Lot Size 0.12 AC
Starbucks
Academy Bank
Vintage’s Wine & Spirits
Divorce Specialists
KEY TENANTS
US BANK BUILDING
6 South Tejon St. Colorado Springs, CO
AVERAGE RENT/SF $15.00
Occupancy 98.3%
Available SF 2,475 SF
Lease Type NNN
Date of Survey 4/12/2018
ADDITIONAL INFO
Year Built 1902
Gross Leasable Area 57,859 SF
Lot Size 0.29 AC
Toni & Guy Hair Salon
Travelex Currency Services
US Bank
Colorado Springs Chamber of
Commerce
KEY TENANTS
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8 ALAMO CORPORATE CENTER 102 South Tejon St. Colorado Springs, CO
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AVERAGE RENT/SF $15.50
Occupancy 91.3%
Available SF 22,470 SF
Lease Type NNN
Date of Survey 4/12/2018
ADDITIONAL INFO
Year Built 1983
Gross Leasable Area 201,366 SF
Lot Size 1.50 AC
Mortgage Solutions Financial
ReMax
Land Title Guarantee Company
Wells Fargo Advisors
KEY TENANTS
PLAZA OF THE ROCKIES NORTH TOWER
111 South Tejon St. Colorado Springs, CO
AVERAGE RENT/SF $15.50
Occupancy 84.7%
Available SF 28,629 SF
Lease Type NNN
Date of Survey 4/12/2018
ADDITIONAL INFO
Year Built 1984
Gross Leasable Area 187,532 SF
Lot Size 2.23 AC
RBC Wealth Management
Plaza of the Rockies
Downtown Partnership
Stewart Title
Vectra Bank
Frontier Communications
KEY TENANTS
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10 PLAZA OF THE ROCKIES SOUTH TOWER
121 South Tejon St. Colorado Springs, CO
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AVERAGE RENT/SF $20.00
Occupancy 92.5%
Available SF 21,153 SF
Lease Type NNN
Date of Survey 4/12/2018
ADDITIONAL INFO
Year Built 2001
Gross Leasable Area 280,000 SF
Lot Size 1.36 AC
Morgan Stanley
Foundation Fostering Hope
AXIA Home Loans
Great Western Bank
KEY TENANTS
THE GAZETEER BUILDING
6 North Tejon St. Colorado Springs, CO
AVERAGE RENT/SF $12.00-14.00
Occupancy 87.5%
Available SF 16,171 SF
Lease Type NNN
Date of Survey 4/12/2018
ADDITIONAL INFO
Year Built 1988
Gross Leasable Area 129,743 SF
Lot Size 0.79 AC
TechWise
Vladimir Jones Advertising
Braxton Technologies
The Melting Pot
Young Williams Child Support
The Colorado Springs Gazzette
KEY TENANTS
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SALES COMPARABLES – SUMMARY
2
FREEMAN TELEGRAPH
THE ALAMO BUILDING
1
COLORADO SQUARE2
3
4 1259 LAKE PLAZA DRIVE
CLASSIC CORPORATE CENTER
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SALES COMPARABLES
1
SALES PRICE UNPRICED
Year Built 1900 / 1976
Cap Rate TBD
Price Per SF TBD
ADDITIONAL INFO
Gross Leasable Area 39,124 SF
Lot Size 0.44 AC
THE ALAMO BUILDING128 S Tejon St. Colorado Springs, CO
FREEMAN TELEGRAPH18 South Nevada Ave. Colorado Springs, CO
SALES PRICE $3,108,613
Sale Date 6/29/2017
Year Built 1931
Cap Rate N/A (Owner/User)
Price Per SF $103.62
ADDITIONAL INFO
Gross Leasable Area 30,000 SF
Lot Size 0.22 AC
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COLORADO SQUARE2 North Nevada Ave Colorado Springs, CO
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SALES PRICE $34,600,000
Sale Date 7/19/2017
Year Built 1976 / 2000
Cap Rate 9.25%
Price Per SF $140.51
ADDITIONAL INFO
Gross Leasable Area 246,241 SF
Lot Size 0.76 AC
CLASSIC CORPORATE CENTER6385 Corporate Dr. Colorado Springs, CO
SALES PRICE $10,400,000
Sale Date 7/21/2017
Year Built 1999
Cap Rate N/A
Price Per SF $158.02
ADDITIONAL INFO
Gross Leasable Area 65,514 SF
Lot Size 3.83 AC
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1259 LAKE PLAZA DRIVEColorado Springs, CO
4
SALES PRICE $7,060,600
Sale Date 10/17/2017
Year Built 1985
Cap Rate 7.26%
Price Per SF $172.94
ADDITIONAL INFO
Gross Leasable Area 40,827 SF
Lot Size 2.34 AC
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LOWER COST OF LIVING
Colorado Springs offers cost advantages over nearby Denver and Boulder. The median home price in the metro is less than half the median price in Boulder.
STRONG HIGH-TECH INDUSTRY
High-tech manufacturing provides a solid base for the area’s economy. Among the many companies are Hewlett-Packard, Oracle and Cherwell Software.
NATIONAL STRATEGIC AND MILITARY PRESENCE
The U.S. military plays a vital role in the local economy. Fort Carson, Peterson Air Force Base, NORAD, NORTHCOM and the Air Force Academy are all located in the metro.
CITY OVERVIEWThe Colorado Springs metro encompasses El Paso and Teller counties and boasts a magnificent natural landscape that includes the 14,100-foot Pikes Peak. The city’s elevation is around 6,000 feet. Local geology limits development in certain locations. The market contains a population of approximately 699,000 people. Colorado Springs is the most populous city with around 445,600 residents, followed by Security-Widefield and Fountain. The population in the metro is expected to grow by 51,500 residents through 2021.
METRO HIGHLIGHTS
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► The U.S. military plays a vital role in the local economy. Fort Carson, Peterson Air Force Base, NORAD, NORTHCOM and the Air Force Academy are all located in the metro.
► Sports health and wellness is another segment the city would like to expand. Colorado Springs is the home of the U.S. Olympic Training Center and headquarters of the U.S. Olympic Committee.
► Technology is a major employment component in the economy. Hewlett-Packard and other high-tech firms employ thousands of residents. Lockheed Martin maintains its Information Systems and Global Solutions division here.
ECONOMY
HOME TO THE UNITED STATES
OLYMPIC TRAINING CENTER
MORE THAN 7 COLLEGE AND
UNIVERSITY CAMPUSES
240 AEROSPACE & DEFENSE
CONTRACTORS WITH A $12 BILLION ECONOMIC IMPACT
MORE THAN 60 MEDIAL DEVICE
MANUFACTURERS AND LIFE SCIENCE
COMPANIES
30 FORTUNE 500 COMPANIES WITH
PRESENCE IN COLORADO SPRINGS
MAJOR AREA EMPLOYERS
Peterson Air Force Base Colorado College
Memorial Hospital - UC Health Polaris Alpha
City of Colorado Springs Oracle
University of Colorado - Colorado Springs Lockeed Martin
Pikes Peak Community College USAA
Schriever Air Force Base Cherwell Software
United State Air Force Academy T.Rowe Price
Beth-El College of Nursing Penrose - St. Francis Health Services
Cheyenne Mountain Air Force Station Fort Carson
*Colorado Springs Chamber of Commerce
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POPULATION 1 Miles 3 Miles 5 Miles 2022 Projection
Total Population 9,732 97,691 230,351
2017 Estimate
Total Population 9,656 96,232 226,334
2010 Census
Total Population 9,235 91,105 213,316
2000 Census
Total Population 9,610 92,539 211,535
Current Daytime Population
2017 Estimate 32,267 131,862 270,085
HOUSEHOLDS 1 Miles 3 Miles 5 Miles 2022 Projection
Total Households 4,953 47,100 102,344
2017 Estimate
Total Households 4,835 45,718 99,039
Average (Mean) Household Size 1.82 2.03 2.21
2010 Census
Total Households 4,527 42,712 92,367
2000 Census
Total Households 4,404 41,033 88,334
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles 2017 Estimate
$200,000 or More 0.87% 2.36% 2.82%
$150,000 - $199,999 2.16% 2.35% 2.73%
$100,000 - $149,000 5.75% 8.79% 9.40%
$75,000 - $99,999 5.58% 9.46% 10.29%
$50,000 - $74,999 14.62% 17.10% 18.31%
$35,000 - $49,999 14.32% 15.25% 15.24%
$25,000 - $34,999 15.40% 13.40% 13.12%
$15,000 - $24,999 17.37% 14.53% 13.92%
Under $15,000 20.46% 17.34% 16.13%
Average Household Income $44,079 $57,262 $61,825
Median Household Income $30,335 $39,732 $43,133
Per Capita Income $24,587 $27,753 $27,546
POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population By Age
2017 Estimate Total Population 9,656 96,232 226,334
Under 20 17.86% 21.10% 23.84%
20 to 34 Years 31.10% 25.66% 26.63%
35 to 39 Years 6.80% 6.01% 5.97%
40 to 49 Years 11.89% 10.86% 10.33%
50 to 64 Years 21.32% 20.21% 18.21%
Age 65+ 11.06% 16.16% 15.03%
Median Age 35.69 37.58 34.66
Population 25+ by Education Level
2017 Estimate Population Age 25+ 6,901 67,519 151,932
Elementary (0-8) 2.07% 2.17% 2.52%
Some High School (9-11) 9.58% 7.54% 7.16%
High School Graduate (12) 24.77% 24.33% 24.90%
Some College (13-15) 26.10% 26.60% 26.81%
Associate Degree Only 8.55% 8.73% 9.70%
Bachelors Degree Only 18.14% 18.46% 17.35%
Graduate Degree 10.25% 11.51% 10.77%
DEMOGRAPHICS OVERVIEW
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LOCAL DEMOGRAPHICS HIGHLIGHTS
6% $61,825POPULATION GROWTH SINCE
20102017 AVERAGE HOUSEHOLD
INCOME
226,3342017 POPULATION
REGIONAL DEMOGRAPHIC HIGHLIGHTS
Five Mile Radius
2017POPULATION:
273K2017
HOUSEHOLDS:
34.32017
MEDIAN AGE:
$62,100 2017 MEDIAN
HOUSEHOLD INCOME:
U.S. Median:
37.8U.S. Median:
$56,3008.9%
Growth2017-2022*:
8%
Growth2017-2022*:
716K
* Forecast Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau
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E X C L U S I V E LY L I S T E D B Y
THE ALAMO BUILDING
BARRY HIGGINSSenior Vice President Investments
Denver, ColoradoOffice 303.328.2012
[email protected] CO EA 748415
CARLOS CAINAssociate
Denver, ColoradoOffice 303.328.2057
[email protected] FA100073451