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8580 Scarborough Dr - Building II 1,763 SF Office/Medical Condo Unit Offered at $3,195,631 CAD in Colorado Springs, CO 80920

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INVESTMENT HIGHLIGHTS

Tenant: The Colorado Dermatology Institute
Lease Term: 7 years with two renewal options

Units: Three condominiums (200, 205, and 225)
Net Operating Income: $161,634 (7% cap rate)

EXECUTIVE SUMMARY

Overview This offering features 3 Class A medical office condominiums (7,347 square feet) all leased to The Colorado Dermatology Institute. Priced at $2,310,000, this is a pure 7% cap rate on the $161,634 of Net Operating Income guaranteed by the medical practice. With a new 7 year lease and substantial (2025) improvements (new roof, new RTUs), this is a stable, income-generating medical investment opportunity with no forecast capital improvements required. This is the deal your Grandmother would love! Details: • Tenant: The Colorado Dermatology Institute • Units for sale: Condominiums 200, 205, and 225 • Size: 7,347 square feet [27.79% of the entire building] all located on the 2nd floor • Lease length: 7 years with 2 five-year renewal options • Lease Rate: $22.00 per square foot per year NNN with 3% annual increases in rent • Net Operating Income: $161,634 • Price per square foot: $314.29 • Condition of the building: Class A with a new roof and RTUs • HOA: The Seller’s portion of the monthly HOA contribution is: Suite 200: $1,793.54 for monthly operating costs + $729.22 for capital reserves Suite 205: $1,591.59 for monthly operating costs + $647.11 for capital reserves Suite 225: $3,296.17 for monthly operating costs + $1,340.15 for capital reserves • The 2025 operating budget was $288,505 (approximately $11 per square foot) • Currently, the HOA possesses $164,169 in the capital reserve account. The HOA maintains the parking lot, landscaping, interior common area, (including 4 public restrooms), and the building’s exterior. Individual owners are responsible for the interior of their suite, including their suite’s entry door, windows, and all utilities separately metered to their suite. The HOA plans to replace the carpet, repaint the common area, and seal coat the parking lot prior to 2027. For a private showing and all the confidential financial information, call Tim Leigh: 719-337-9551, Holly Trinidad: 719-337-0999.

PROPERTY FACTS

Total Building Size	32,089 SF	Typical Floor Size	13,045 SF
Property Type	Office (Condo)	Year Built	2006
Building Class	B	Lot Size	1.46 AC
Floors	2	Parking Ratio	5/1,000 SF
Zoning	OC NP SS

Total Building Size	32,089 SF
Property Type	Office (Condo)
Building Class	B
Floors	2
Typical Floor Size	13,045 SF
Year Built	2006
Lot Size	1.46 AC
Parking Ratio	5/1,000 SF
Zoning	OC NP SS

1 UNIT AVAILABLE

Unit 3 Combined

Unit Size	1,763 SF	Sale Type	Investment
Price	$3,195,631 CAD	Cap Rate	7.00%
Price Per SF	$1,812.61 CAD	NOI	$223,602.85 CAD
Condo Use	Office/Medical

Unit Size	1,763 SF
Price	$3,195,631 CAD
Price Per SF	$1,812.61 CAD
Condo Use	Office/Medical
Sale Type	Investment
Cap Rate	7.00%
NOI	$223,602.85 CAD

DESCRIPTION

Tenant: The Colorado Dermatology Institute
Units for sale: Condominiums 200, 205, and 225
Size: 7,347 square feet [27.79% of the entire building] all located on the 2nd floor
Lease length: 7 years with 2 five-year renewal options
Lease Rate: $22.00 per square foot per year NNN with 3% annual increases in rent
Net Operating Income: $161,634
Price per square foot: $314.29
Condition of the building: Class A with a new roof and RTUs
HOA: The Seller’s portion of the monthly HOA contribution is:
Suite 200: $1,793.54 for monthly operating costs + $729.22 for capital reserves
Suite 205: $1,591.59 for monthly operating costs + $647.11 for capital reserves
Suite 225: $3,296.17 for monthly operating costs + $1,340.15 for capital reserves
The 2025 operating budget was $288,505 (approximately $11 per square foot)
Currently, the HOA possesses $164,169 in the capital reserve account.

The HOA maintains the parking lot, landscaping, interior common area, (including 4 public restrooms), and the building’s exterior. Individual owners are responsible for the interior of their suite, including their suite’s entry door, windows, and all utilities separately metered to their suite.
T
he HOA plans to replace the carpet, repaint the common area, and seal coat the parking lot prior to 2027.

For a private showing and all the confidential financial information, call Tim Leigh: 719-337-9551, Holly Trinidad: 719-337-0999.