8580 Scarborough Drive

8580 Scarborough Drive, Colorado Springs, CO 80920

Property Information

  • For Sale $2,310,000
  • Property Type Office - Medical Office
  • Property Size 7,347 SF
  • Cap Rate % 7
  • NOI / YR $161,634.00
  • Date Updated Apr 28, 2026

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. 

Contacts

Tim Leigh

Hoff & Leigh

Holly Trinidad

Hoff & Leigh

Brian Canady

Hoff & Leigh

Location

Located at 8580 Scarborough Drive, Colorado Springs, CO 80920, this property is part of the Pine Creek neighborhood and Colorado Springs market.

Contact 8580 Scarborough Drive
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