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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
Price per Sqft $305
Subdivision Savings Bldg Condo
MLS Listing ID IR1066791
HOA Fees $1/mo
HOA Y/N No
Year Built 1970
Tax Year 2025
Lot Size 2.927 Acres
Acres 2.93
Source recolorado
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
Zoning D
Rooms
Basement Partial
Interior
Heating Forced Air
Fireplace N
Exterior
Utilities Available Natural Gas Available
Roof Type Membrane
Building
Water Public
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Dunn
Middle Schools Other
High Schools Poudre
School District Poudre R-1
Others
Ownership Individual
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Realtec C.R.E.S., LLC
Kimberly & Josiah Whitten
Agent | License ID: FA.100106271
+1(719) 433-0945 | kimberly@exploringcos.com