56 TALISMAN DR Pagosa Springs CO 81147

McDonald’s, City Market, Speedway, Pagosa Urgent Care and Pagosa Inn & Suites are few of many nearby businesses that assist in driving traffic to the location.​ Village Center features a sustainable mix of local tenants that consists of an accounting firm, private practice therapist, nail salon, storage, land surveyor, coffee shop, restaurants and more.​ Suites within the building consist mostly of storefront retail along the main floor in addition to office space that spans between the main and second floors.​ Most tenants are on modified net leases that feature annual escalations, which creates an attractive hedge against inflation.​ Most expenses are passed through to the tenants and the building is nearly fully-occupied.​ However, there remains upside for the prospective investor to add value by increasing the occupancy or through restructuring leases.​ The building currently features on-site management who is willing to stay on.​

Pagosa Springs is surrounded by the San Juan Mountains.​ Traversing through the town of Pagosa Springs is the San Juan River, which has numerous tributaries that provide access to hot springs, which have led to the town’s reputation as a year-long tourist destination.​ Village Center is situated halfway between two major points of interest for tourists – the Wolf Creek Ski Area approximately 30 miles to the Northeast and the Navajo State Park approximately 35 miles to the Southeast.​ Pagosa Springs is less than a 3-hour drive from Santa Fe and less than a 5-hour drive from Colorado Springs allowing it to serve as a logical stopping point for tourists who wish to explore the Southwest.​

• Turn-Key Investment Opportunity – Property is currently fully occupied with potential for on-site management to remain in place for the out-of-state owner
• Recent Improvements – Back deck replaced, exterior walls painted, and roof partially replaced in 2021.
• Low-Cost Energy – Solar panels installed in 2016 provide power to building, thus limiting expenditures on energy
• Desirable Proximity – Location along main retail corridor drives traffic to location
• Diverse Tenant Mix – Strong mix of local tenants with office and retail needs; Limited supply of like product within submarket promotes likelihood of renewal
• Tourist Location – Proximity to Wolf Creek Ski Area and location along San Juan River promotes year-long tourism, which stimulates the local economy and drives traffic to location