SOLD

Academy Point Atrium I

1250 Academy Park Loop, Colo. Springs, CA 80910

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: Colorado Springs, CO

Property Type: Class A Office

Investment Type: Non-Performing First Mortgage

Acquisition Date: September 7, 2010

Loan Balance at Acquisition: $6,076,063

Purchase Price: $2,775,000

No. of Buildings: 1

No. of Stories: 2

Year Built: 1981

Square Footage: 92,099 SF

$2,775,000 Total Loan Amount
92,099 square feet Total Rentable Area
Class A Building Class