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1113 Drake Rd

Fort Collins, CO 80526
  • $6,850,000
  • STATUS: Active
  • ON SITE: 82 days
  • MLS #: 936748
$6,850,000
  • 0
    BEDS
  • 3.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1987
County:

School Ratings & Info

Description

RE/MAX Commercial Alliance is pleased to present the opportunity to purchase this well tenanted and diverse retail offering. The buildings at 1113 & 1119 W Drake Road are situated within Cimarron Plaza Shopping Center located at Drake Road and Shields Avenue, which provide main arterial access for Fort Collins and to I-25. This site is within walking distance to Colorado State University and nestled within a strong housing demographic and dense employment. A stable tenant mix and central location within Fort Collins rounds out this desirable investment property. Ideal for the risk adverse investor as this center historically has extremely low vacancy. 1113 & 1119 W Drake can be purchased together for $6,850,000 at a 6.6% cap rate. 1119 W Drake can be sold separately for $4,500,000 at a 6.75% cap rate. 1113 cannot be sold separately. Please contact the listing broker for more information.

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© 2021 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Downtown Real Estate Partners, LLC.. Data last updated: 2021-06-23T23:38:21.887.
www.downtownre.com/homes/115714965
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1113 Drake Rd Fort Collins, CO 80526

  • Price: $6,850,000
  • Status: Active
  • MLS #: 936748
0
Beds
0
Baths
0
½ Baths
3.1
Acres
1987
Built
Neighborhood:
Cimarron Plaza
County:
Larimer
Area:
09 Fort Collins area
Property Description
RE/MAX Commercial Alliance is pleased to present the opportunity to purchase this well tenanted and diverse retail offering. The buildings at 1113 & 1119 W Drake Road are situated within Cimarron Plaza Shopping Center located at Drake Road and Shields Avenue, which provide main arterial access for Fort Collins and to I-25. This site is within walking distance to Colorado State University and nestled within a strong housing demographic and dense employment. A stable tenant mix and central location within Fort Collins rounds out this desirable investment property. Ideal for the risk adverse investor as this center historically has extremely low vacancy. 1113 & 1119 W Drake can be purchased together for $6,850,000 at a 6.6% cap rate. 1119 W Drake can be sold separately for $4,500,000 at a 6.75% cap rate. 1113 cannot be sold separately. Please contact the listing broker for more information.
Exterior Features

Construction Materials Block Horse YN No Property Attached YN No Roof Rubber Waterfront YN No

Interior Features

Building Area Total 32974 Cooling Refrigeration/Hvac Cooling YN Yes Has Family Room No Heating Forced Air Heating YN Yes Living Area 32974 Living Area Source Other

Property Features

Association YN No Cap Rate 6.6 Gross Income 670854.25 Has Green Features Addendum No Has Hoa Covenants No Has Hoa2 No Has Hoa2 Covenants No Has Improvements No Has Solar Thermal No Has Water Rights No IRES_ Building Number 1113 1119 Listing Sub Status None Locale Fort Collins Net Operating Income 451813.25 New Construction YN No Operating Expense 219041 Property Condition Not NewPreviously Owned Tax Annual Amount 124896 Tenant Pays All Operating Costs (Used Alone) Water Source City WaterCity Fort Collins Zoning C

Listing information © 2021 Information and Real Estate Services
Listing provided courtesy of Michelle Hickey Crawford of Re/Max Comm. Alliance-Ftc Dwtn.



© 2021 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Downtown Real Estate Partners, LLC.. Data last updated: 2021-06-23T23:38:21.887.
 
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Downtown Real Estate Partners, LLC.
528 S. Howes St.
Fort Collins CO, 80521