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$ 1,895,000
Est. payment | /mo
6,200 SqFt
$ 1,895,000
Est. payment | /mo
6,200 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,200 sqft
Subdivision Savings Bldg Condo
MLS Listing ID IRE1066791
HOA Fees $1/mo
HOA Y/N No
Year Built 1970
Tax Year 2025
Lot Size 2.930 Acres
Acres 2.93
Source ires
Property Description
Triple net-lease investment opportunity anchored by Key Bank, an investment-grade tenant that has occupied this first-floor retail/office condo for 30 years. This 6,200 SF condominium sits within the iconic 11-story Key Bank Tower in downtown Fort Collins, offering a stable, passive income stream with minimal landlord responsibilities.Key Bank recently extended its lease through April 2031, with two additional 5-year renewal options carrying built-in rent escalators - providing long-term income visibility well into 2041. Annual NOI of $133,100 reflects a 7% cap rate on the current asking price of $1,895,000. Ownership also includes approx. 12% stake in adjacent vacant parcel.
Location
State CO
County Larimer
Community Savings Bldg Condo
Area Fort Collins
Zoning D
Rooms
Basement Partial
Interior
Heating Forced Air
Appliance No Units Furnished
Exterior
Utilities Available Natural Gas Available
View Y/N No
Roof Type Rubber
Improvements No
Garage No
Building
Water City
Level or Stories One
Structure Type Brick
New Construction false
Schools
Elementary Schools Dunn
Middle Schools Other
High Schools Poudre
School District Poudre
Others
Special Listing Condition Private Owner
Listed by Erik Broman
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