SOLD:  CCMC Center - 1650 Telstar Drive - Colorado Springs, CO

Opportunity:
A build-to-suit office building 100% net-leased to California Casualty Management Company, a privately-owned insurance company of investment grade credit stature. Since inception, this asset has produced substantial distributable cash flow to the Fund. The building is located at the highly visible and accessible intersection of two major arteries, Interstate 25 and Rockrimmon Boulevard, in the most desirable Colorado Springs submarket.

View a detailed map of this property (MapQuest).
  • Property: Office Building, Class A, Three-Story
  • Size: 120,090 RSF
  • Built: 1998
  • Occupied: May 1998
  • Ownership: Westminster Telstar LLC, owned 100% Fund I.
  • At Development:
    • Cost: $12,201,000
    • Occupancy: 100%
    • Cost per SF: $102


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