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    1119 Drake Rd

    Fort Collins, CO 80526
    • $4,500,000
    • STATUS: Active
    • ON SITE: 17 days
    • MLS #: 936749
    UPDATED: 4 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.

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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 RE/MAX Alliance. Data last updated: 2021-04-20T19:39:10.53.
    www.taylorwoodardteam.com/homes/115717968
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    1119 Drake Rd Fort Collins, CO 80526

    • Price: $4,500,000
    • Status: Active
    • Updated: 4 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 RE/MAX Alliance. Data last updated: 2021-04-20T19:39:10.53.
     
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    RE/MAX Alliance
    750 W Eisenhower
    Loveland CO, 80537