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$ 8,650,000
Est. payment | /mo
2.43 Acres Lot
$ 8,650,000
Est. payment | /mo
2.43 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision 11903 - Strachan
MLS Listing ID IRE1042176
HOA Y/N No
Year Built 1984
Annual Tax Amount $159,097
Lot Size 2.430 Acres
Acres 2.43
Property Sub-Type Office
Source ires
Property Description
REPOSITIONED PRICING. Sales Price from $9.9M to $8,650,000. Improved 7.27% Cap Based on Actuals. 100% Occupied. Seller Carry Avail to Viable Buyers at 5.25% Int, 1/3rd DP, and 5Yr Balloon. 2026 NOI Based on Actual Leases $629,000. Incl. 5% Vacancy and Mgmt. 41,225 Bldg SF/37,507 Rentable SF on 2.43 Acres of Land. Additional 0.875 Acre Pad Site For Sale At $400,000 ($10.50 Per SF). Year Built 1984 / 2008 Major Interior Remodel and New HVAC Completed. Well Managed with Reliable Financial Info. Elevator Served Building, Complete with Major Interior Upgrades and Elegant Landscaping. Thoughtful Tenant Mix to Incl 16 Tenants, Multiple National Tenants. 148 Parking Spaces (3.89 parking ratio). Located Within the General Commercial Zone District. New roof 2024 w/ Transferrable 20-year NDL Material Warranty, 5-year Workmanship Warranty. New monument sign 2018. HVAC - 2, 50 ton RTUs. Installed in Nov. 2008, plus April 2017 updated controls system. Elevator cab remodeled Oct. 2013. April 2017 new hydraulic dry pump system installed. Mill and overlay of parking lot and curb repairs completed September 2025, $90,000 value. New radio communication system required by PFA installed. Approx. $373,973 future Capital Improvement cost recovery benefit to be conveyed to Buyer. Parking: 148 parking spaces (3.89 parking ratio). 124 in front of bldg. 24 in the private drive on N and E side of property. These 24 are shared with property to the north (8 appurtenant to the Pad Site). The property owner to the north is responsible for the maintenance of the 24 shared spaces.
Location
State CO
County Larimer
Community 11903 - Strachan
Area Fort Collins
Zoning CG
Direction Located at the south east corner of E Monroe Drive and John F. Kennedy Parkway
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Roof Type Flat
Improvements No
Garage No
Building
Water City
Structure Type Brick
New Construction false
Others
Special Listing Condition Partnership
Listed by Michelle Hickey Crawford
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