Skip To Content

1119 Drake Rd

Fort Collins, CO 80526
  • $4,500,000
  • STATUS: Active
  • ON SITE: 72 days
  • MLS #: 936749
UPDATED: 5 min ago
$4,500,000
  • 0
    BEDS
  • 2.26
    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.

Monthly Payment Calculator



© 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: 2021-06-14T07:39:04.57.
www.downtownre.com/homes/115717968
Print Image

1119 Drake Rd Fort Collins, CO 80526

  • Price: $4,500,000
  • Status: Active
  • Updated: 5 min ago
  • MLS #: 936749
0
Beds
0
Baths
0
½ Baths
2.26
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 Block Waterfront No

Interior Features

Cooling Refrigeration/Hvac Heating Forced Air

Property Features

Capitalization Rate 6.75 Commercial Industrial Type Retail-Community Energy Star Certified No Gross Operating Income 465780.6000 Has Green Features Addendum No Has Solar Photovoltaic No Has Solar Thermal No Hers Rated No Hoa YN No Leed Certified No Listing Sub Status None Locale Fort Collins Nahb Certified No Net Operating Income 303857.6000 New Construction Status Not NewPreviously Owned Ownership Private Owner Taxes 88808 Tenant Pays All Operating Costs (Used Alone) Total Operating Expense 161923.0000 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: 2021-06-14T07:39:04.57.
 
https://bt-photos.global.ssl.fastly.net/ires/orig_boomver_1_936749-2.jpg
Logo
Downtown Real Estate Partners, LLC.
528 S. Howes St.
Fort Collins CO, 80521