DePaul Real Estate Advisors is pleased to announce the successful sale of a single tenant investment property in Fort Collins, Colorado.
Jarod Pate represented the developer, Saunders CommercialÂ Development Company, LLC, in the sale of a net-leased commercial condominium at The Confluence, a new Class A mixed-use building in the desirable River District of downtown Fort Collins. Â The property is leased to a Woodhouse Day Spa on a long-term net lease. The sale price of the 6,521-square foot condo was $2,205,000. Â The asset has many attributes a sophisticated, passive investor desires: It is a new construction, a NNN lease structure, and in an excellent location.
The Fort Collins area, estimated population of 343,000, is located north of the Denver Metro area and is the region's center for government, retail trade, the arts, health care, education, and employment with the area's largest and best educated workforce.Â It is the home of a diverse mix of employers, including more than 20 Fortune 500 companies, a significant craft beer industry,Â andÂ Colorado State University, which adds to the city's vibrant culture.
DePaul thanks Trent McFall and Kyle Lundy at C3 Real Estate in their professional representation of the buyer.
DePaul Real Estate Advisors is a full service commercial real estate advisory and brokerage firm that specializes in income producing and investment properties, commercial financing, leasing and site selection. How can we help you execute your project? For more information, please contact Paul DeCrescentis or Jarod Pate at 303-333-9799.Â