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TOP DERMATOLOGY GROUP | NEW LEASE EXTENSION 1006 Centre Ave 4,345 SF Office Building Fort Collins, CO 80526 $1,075,000 ($247.41/SF) 6.95% Cap Rate
INVESTMENT HIGHLIGHTS
- Lease Features 3% Annual Rental Increases throughout the Initial Term and Options. Recent 5-Year Lease Extension and 10+ Year Historical Occupancy.
- Advanced Dermatology and Cosmetic Surgery is One of the Largest Dermatology Practices in the United States with more than 150 Locations.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $96k and over 172k People Residing within a 5-Mile Radius.
- Positioned Along Area’s Major Medical, Retail and Traffic Corridor. Features Easy Access and Excellent Visibility.
- UCHealth Poudre Valley Hospital, a Top-rated Regional Hospital, is less than 2 Miles away and Supports High Medical Traffic and Related Services.
- Colorado State University is located Just 1.5 Miles away, with more than 35k Students and Staff Contributing to Daily Foot Traffic and Demand.
EXECUTIVE SUMMARY
Advanced Dermatology | Recent Lease Extension | 3% Annual Rental Increases | Near Colorado State University: 35k+ Students | Densely Populated and Affluent Area | Minutes from Medical Center | Fort Collins is Consistently Ranked Among the Top U.S. Cities for Quality of Life | Surrounded by Numerous Medical Clinics and Offices
Colorado Broker of Record: Adam Lewis | 1144 15th St., Suite 2150 Denver, CO 80202 | P: (303) 328-2000 | Lic #: ER.100091205 | Firm Lic #: EC. 100048709 | Adam.Lewis@MarcusMillichap.com
Colorado Broker of Record: Adam Lewis | 1144 15th St., Suite 2150 Denver, CO 80202 | P: (303) 328-2000 | Lic #: ER.100091205 | Firm Lic #: EC. 100048709 | Adam.Lewis@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
4,345 SF
Building Class
A
Year Built
1997
Price
$1,075,000
Price Per SF
$247.41
Cap Rate
6.95%
NOI
$74,749
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,345 SF
Building FAR
0.77
Lot Size
0.13 AC
Zoning
E - POR OF LOT 6, CENTRE FOR ADVANCED TECHNOLOGY PUD, 2ND FIL REPLAT, FTC DESC: BEG AT SE COR SD LOT 6, TH ALG S LN OF SD LOT 6, N 89 44 38 W 81 FT TO PT ON W LN OF SD LOT 6, TH ALG SD W LN N 0 15 22 E 72 FT, TH DEPART SD W LN S 89 44 38 E 81 FT TO PT
Parking
20 Spaces (4.6 Spaces per 1,000 SF Leased)
AMENITIES
- Central Heating
- Wi-Fi
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Advanced Dermatology & Cosmetic Surgery
- Retailer
- 4,345 SF
- -
- Double Net
- May 2029
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Advanced Dermatology & Cosmetic Surgery | Retailer | 4,345 SF | - | Double Net | May 2029 |
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Walk Score®
Very Walkable (76)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 97233-14-009 | Improvements Assessment | $131,437 |
| Land Assessment | $48,797 | Total Assessment | $180,234 |
PROPERTY TAXES
Parcel Number
97233-14-009
Land Assessment
$48,797
Improvements Assessment
$131,437
Total Assessment
$180,234
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TOP DERMATOLOGY GROUP | NEW LEASE EXTENSION | 1006 Centre Ave
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