181 W Boardwalk Dr - Office FOR SALE


Fort Collins, CO 80525
$2,850,000 USD
970-222-2473
181 W Boardwalk Dr, Fort Collins, CO for Sale
$2,850,000 USD
Office - FOR SALE
1/31
null | 8.25% Cap Rate

181 W Boardwalk Dr
Fort Collins, CO 80525


HIGHLIGHTS

  • Existing tenancy provides an opportunity for an owner-user to generate rental income while occupying a significant portion of the building.
  • Significant potential space provides flexibility for a corporate headquarters, medical group, professional practice or financial-services user.
  • At approximately $190/SF, the property offers an established, improved office asset with existing infrastructure and tenant improvements already.
  • Multiple suites and floors allow an owner to occupy, expand, lease excess space or transition the property toward a stabilized multitenant investment
  • Blue Federal Credit Union provides an existing income component that can help offset ownership and occupancy costs.
  • Strong access, surrounding amenities and proximity to the South College Avenue and the Harmony Corridor enhance both owner-user functionality

OVERVIEW

181 W. Boardwalk Drive is a well-maintained, professional office building strategically located just off College Avenue in midtown Fort Collins. Originally constructed in 1997 and extensively renovated and upgraded since 2006, the property offers a combination of in-place rental income and future owner-user occupancy potential. The building is anchored by Blue Federal Credit Union, providing an incoming buyer with established cash flow while maintaining flexibility to occupy additional space. Newer HVAC units (less than 10yrs), recent interior investments, and recently serviced roof, provide low capital requirements in the near-term. 14,977 SF professional office building situated on approximately 0.58 acres with flexible multi-tenant floor plans across three levels. Abundant parking and well-manicured landscaping add to the building’s curb appeal. Interior Improvements include an elevator, secured entry, ADA-accessible restrooms, professional office/financial services buildout, updated LED lighting, and newer rooftop HVAC units. The building features a three lane drive through, currently used by Blue Credit Union, and can be repurposed as needed. Positioned near South College Avenue / U.S. Highway 287, the property benefits from convenient access throughout Fort Collins and the greater Northern Colorado region. The surrounding commercial corridor provides extensive restaurants, retail, banking and services, and a short drive from The Foothills Mall, and the Harmony Corridor. Fort Collins offers a highly educated workforce, strong household demographics and a diverse employment base supported by Colorado State University and major regional employers providing an robust educated labor pool. Within close proximity is the Max Transit line offering easy access to public transportation.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Boardwalk Crossings

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

C-G

APN/PARCEL ID

97351-64-001

ASK ABOUT THIS PROPERTY

Nathan KleinLC Real Estate GroupMore Info
970-222-2473

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Nathan KleinLC Real Estate GroupMore Info
970-222-2473

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.