$2,575,000
$2,595,368
0.8%For more information regarding the value of a property, please contact us for a free consultation.
6,634 SqFt
SOLD DATE : 03/29/2022
Key Details
Sold Price $2,575,000
Property Type Commercial
Sub Type Sale: Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,634 sqft
Subdivision Cimarron Plaza
MLS Listing ID 957671
Sold Date 03/29/22
HOA Y/N false
Abv Grd Liv Area 6,634
Originating Board IRES MLS
Year Built 1987
Annual Tax Amount $35,722
Lot Size 0.840 Acres
Acres 0.84
Property Description
RE/MAX Commercial Alliance is pleased to present the opportunity to purchase this well tenanted and diverse retail offering. Fully leased with 5 year leases in place at a 6% cap rate. Hard to find solid investment property. The building at 1113 W Drake Road is 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. Ideal for the risk adverse investor as this center historically has extremely low vacancy.
Location
State CO
County Larimer
Area Fort Collins
Zoning C
Direction At the SWC of Drake and Shields
Interior
Heating Forced Air
Cooling Refrigeration/HVAC
Exterior
Roof Type Rubber
Building
Water City Water, City Fort Collins
Structure Type Brick/Brick Veneer
New Construction false
Others
Senior Community false
Tax ID R1647562
SqFt Source Plans
Special Listing Condition Private Owner
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Bought with CO-OP Non-IRES
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Realtor | Lic# 3002201