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$ 1,895,000
Est. payment /mo
New
125 S Howes ST Fort Collins, CO 80521
2.93 Acres Lot
UPDATED:
Key Details
Property Type Other Types
Listing Status Active
Purchase Type For Sale
Subdivision Savings Bldg Condo
MLS Listing ID IR1066791
HOA Fees $1/mo
HOA Y/N No
Year Built 1970
Lot Size 2.927 Acres
Acres 2.93
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
Exterior
Utilities Available Natural Gas Available
Waterfront Description Public
Roof Type Membrane
Private Pool No
Building
Story One
Water Public
Schools
School District Elementary: Poudre R-1, High: Poudre R-1
Others
HOA Fee Include Reserve Fund
Tax ID R1035592
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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 byRealtec C.R.E.S., LLC
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