Atlas Preparatory Invests in Flex Property

Charter School Purchases 2-Bldg. Complex for $1.6 Million

October 5, 2011

Atlas Preparatory School purchased the properties at 1602-1628 and 1630-1652 S. Murray Blvd. in Colorado Springs, CO, from American National Insurance Co. in an REO sale for nearly $1.58 million or $29 per square foot.

The two flex building complex totals 53,641 square feet and was built in 1984 on 3.46 acres in Airport Park. The buyer occupied 1602-1628 S. Murray in its entirety at the time of sale on a lease. The buyer plans to expand into 1630-1652 S. Murray by the first quarter of next year.

Aaron Horn of Sierra Commercial Real Estate represented the seller, while Michael Helwege with Helwege Real Estate Partners LLC represented the buyer.

Please refer to CoStar COMPS #2184658 for more information on this transaction.

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Posted by:  Crosbie Real Estate Group

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