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activeCondoMLS# IR1066791
$1,895,000
$306/sqft
125 Howes Street, Fort Collins, CO 80521
6,200
Sq Ft
1970
Year Built
2.93 acres
Lot Size
About This Home
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.
Property Details
Property TypeCondo
Statusactive
MLS #IR1066791
Year Built1970
Living Area6,200 sqft
Price Per Sqft$306
Lot Size2.93 acres
HOA Fee$1/mo
Days on Market30
Listing AgentRealtec C.R.E.S., LLC
MLS SourceREPLIERS
CityFort Collins
StateCO
ZIP Code80521
Location
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Financial Overview
List Price$1,895,000
Price/Sqft$306
HOA Fee$1/mo
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