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1331 Red Cedar Cir Fort Collins, CO 80524

Sponsored
For Sale
$5,250,000

41,727 SF Warehouse, Multi-Tenant Opportunity

Property size:
41,727 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional 41,727-square-foot industrial property in Fort Collins, Colorado, presents a compelling investment or owner-user opportunity. Located at 1331 Red Cedar Circle, this multi-tenant building boasts a desirable location just off Highway 287 and College Avenue, offering convenient access to major transportation routes. Built in 1979 and extensively renovated in 2019, the property features five individual units, each approximately 8,345 square feet, currently at 50% occupancy with Sun House Ventures and Old Elk Distillery as tenants. The building offers a range of attractive features including 18' to 19' ceiling heights, three dock-high doors, and ample space for various industrial uses. The asking price is $5,250,000, translating to $125.82 per square foot and $1,050,000 per unit. The property's strong pro-forma NOI of $431,891 projects an 8.23% cap rate. Strategically situated within both the Colorado Enterprise Zone and the Colorado Opportunity Zone, this property offers significant tax advantages and investment potential. This is an ideal opportunity for investors seeking a multi-tenant industrial asset with strong potential for future growth and income generation, or for a larger user seeking a customized space in a prime location. The permitted zoning is Industrial.

Property Features for 1331 Red Cedar Cir

General Information

Property type
Distribution properties
Square Feet
41,727 SF

Building Details

Year Built/Renovated
1979/2019
Units
5

HighLights

  • Recently renovated building.
  • Suitable for multiple tenants or a single large tenant.
  • 50% occupancy rate.
  • Located in both a Colorado Enterprise Zone and a Colorado Opportunity Zone.
Property Profile Location Intelligence

Current Use by Public Records

Intrepid Group Inc Professional Services Sonex Labs Manufacturer

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Fort Collins
County
Larimer
State
Colorado
Longitude
-105.07452433686
Latitude
40.605466465282

FAQs

What type of property is this?
Distribution property - 41,727 SF Warehouse, Multi-Tenant Opportunity
Where is this distribution property located?
The property is located at 1331 Red Cedar Cir Fort Collins, CO.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Recently renovated building.; Suitable for multiple tenants or a single large tenant.; 50% occupancy rate.
More about this property
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