Megan Powell
BEDS0
BATHS
SQUARE FEET6,200
MLS#1066791
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSavings Bldg Condo
SCHOOLPoudre
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Partial
Basement: Yes
Heating: Forced Air
Lot Size: 2.93 Acres
Roof Type: Rubber
Stories: 1.0
Year Built: 1970
Feature Descriptions
Appliances: No Units Furnished
Association Fee: $1/Monthly
Days on Site: 12
Exterior: Brick
HOA Y/N: Yes
Parcel Number: R1035592
SQ FT Total: 6200
Tenant Pays: Gas, Electricity, Water, Sewer, Taxes, Insurance, Interior Maintenance, Association Fees, Trash Collection, HVAC Maintenance, Parking Fee
Utilities: Natural Gas Available
Water: City
Local Schools
High School: Poudre
Middle School: OTHER
Elementary School: Dunn
School District: Poudre
Listed By / Shown By
Listed By
Agency Name: Realtec C.R.E.S., LLC
Agency Contact: 9702299900
Shown By
Agent Name: Megan Powell
Agent Phone: Cell: (303) 501-3111
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 9,641.89 per month $9,089.19 Principal & Interest $0.00 Property Tax (data not provided by mls) $552.71 Homeowner's InsuranceChange Payment Information
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125 S Howes St | MLS# 1066791
This multi-family property located at 125 S Howes St, Fort Collins, CO 80521 is currently listed for sale with an asking price of $1,895,000. S Howes St is located within the Poudre school district. Search Fort Collins real estate on www.meganknowsgj.com today.