Contacts
Hoff & Leigh
Hoff & Leigh
Hoff & Leigh
Property Details
- Property Type Office - Medical Office
- Property Size 7,347 SF
- Cap Rate % 7
- NOI / YR $161,634.00
- Date Updated Apr 28, 2026
• 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.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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39/100
Walk Score ®
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45/100
Bike Score ®
Location
- City Colorado Springs, CO
- Neighborhood Pine Creek
- Zip Code 80920
- Market Colorado Springs
Points of Interest
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7-Eleven
0.18 miles
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ChargePoint
0.88 miles
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Maverik
1.11 miles
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Kum & Go
1.16 miles
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Shell
1.22 miles
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King Soopers Gas
1.47 miles
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Murphy Express
1.76 miles
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King Soopers Fuel Center
1.89 miles
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Valero
1.90 miles
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Circle K
1.94 miles
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Parallel Parking
0.60 miles
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Black Forest Park-n-Ride
1.87 miles
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Rampart Park
2.39 miles
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Library Overflow Parking
3.80 miles
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LOT 1
3.92 miles
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LOT 2
3.97 miles
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Black Forest Regional Park Trailhead
4.03 miles
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Black Forest Regional Park
4.03 miles
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LOT 3
4.04 miles
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Victory Ridge Parking Garage
4.07 miles
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Mainstay Suites Colorado Springs East
2.97 miles
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Homewood Suites by Hilton Colorado Springs-North
3.32 miles
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Hilton Garden Inn Colorado Springs
3.43 miles
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Howard Johnson
3.73 miles
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Howard Johnson Colorado Springs
3.73 miles
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Days Inn by Wyndham Colorado Springs Air Force Academy
3.82 miles
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Super 8 Colorado Springs/AFA Area
3.86 miles
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Plaza Inn
3.90 miles
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Hampton Inn Colorado Springs I-25 Central
3.97 miles
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The Academy Hotel Colorado Springs
3.98 miles
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Walmart Supercenter
0.96 miles
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King Soopers
1.39 miles
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Target
1.46 miles
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Safeway
1.62 miles
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Chapel Hills Mall
3.42 miles
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Whole Foods Market
3.64 miles
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Marshalls
3.68 miles
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Natural Grocers
3.82 miles
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Ross
3.87 miles
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Burlington
3.90 miles