Fort Collins, CO Industrial Property For Sale

The seller of 1405 East Olive Court occupies approximately 9,000 SF within the building and is willing to lease back for up to 3 years. The remainder of the building is currently occupied by tenants that have shorter term leases, offering flexibility and upside for an owner/user and/or investor.

• For Sale / For Lease

• 8 Units available

• Ideal for Small Business, Storage Space

• Insulated Masonry Construction

• LED Lights / Energy Efficient Construction

• All Units Designed & Approved for Mezzanines

• Finished Private Restrooms optional

• 24 / 7 Access, Wide Paved Aisles

• 14 x 14 OH Doors w/ operators

• Balconies (mezzanine level)

This property is positioned just east of Fort Collins and CSU with easy access to I-25 at the newly constructed Prospect interchange. These parcels offer several opportunities for retail, assisted living, storage and industrial uses with visibility from I-25. Nearby new Timnath Middle-High School with 1,500 enrolled students and regional sports complex with 3,500 stadium seats. VPD will increase 10,000 daily after new school opens. 563 residential units planned.

Commissary kitchen, bakery and wholesale condo available. Currently 2.5 years remaining on tenant's lease (5% CAP), but could be occupied sooner by owner/user. Large freezer/cooler. Signage available. Located in Larimer County with easy access to all of Northern Colorado.

Long term Telecommunications Tenant (CenturyLink)

NEW 10-YEAR RENEWAL:

Commences January 1, 2023 and will terminate on December 31, 2032.

Annual escalations averaging over 4.0%

$4,000,000 Sale Price ($181.48 PSF)

Year 1 NOI $225,920.25 (5.64% Cap Rate)

22,041 SF Building

114,912 SF Lot ( 2.64 acres)

Built in 1963

Zoning: NCB (Neighborhood Conservation Buffer)

-$195/SF-$210/SF

-Great infill/prime location

-Easy access to Timberline, Prospect, Harmony to I-25

-Dynamic mixed-use neighborhood

-Completed mezzanine loft area

-Fire sprinkler system in place

-14'x14' overhead doors

-Ample on-site & on-street parking