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3780 N Garfield Ave

Loveland, CO 80538
  • $2,050,000
  • STATUS: Closed
  • ON SITE: 361 Days
  • MLS #: 992823
Sold - 02/26/2024
$2,050,000
SOLD - 02/26/2024
  • 0
    BEDS
  • 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1995
County:

School Ratings & Info

Description

Opportunity to purchase a 17,108 NLSF multi-tenant office bldg in central Loveland. Priced well below replacement cost. Stable and diverse tenant base. Opportunity for new owner to convert leases to NNN to protect against future op. expense increases. In mature part of community w/many amenities nearby. Convenient connectivity btwn Loveland & Fort Collins. Most suites fully modernized. Smaller tenant footprints w/staggered lease expirations creates built-in buffer & easier lease-up.

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© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2024-07-19T21:44:04.463.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.searsrealestate.com/homes/141771772
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3780 N Garfield Ave Loveland, CO 80538

  • Price: $2,200,000
  • Status: Closed
  • On Site: 361 Days
  • Updated: 142 min ago
  • MLS #: 992823
0
Beds
0
Baths
0
½ Baths
1
Acres
1995
Built
Neighborhood:
Creekside Plaza Condos
County:
Larimer
Area:
08 Loveland/Berthoud area
Property Description
Opportunity to purchase a 17,108 NLSF multi-tenant office bldg in central Loveland. Priced well below replacement cost. Stable and diverse tenant base. Opportunity for new owner to convert leases to NNN to protect against future op. expense increases. In mature part of community w/many amenities nearby. Convenient connectivity btwn Loveland & Fort Collins. Most suites fully modernized. Smaller tenant footprints w/staggered lease expirations creates built-in buffer & easier lease-up.
Exterior Features

Construction Materials Wood/FrameBrick/Brick Veneer Exterior Features Lighting Horse YN No Lot Features CurbsGuttersSidewalksFire Hydrant within 500 FeetNear Public Transit Parking Features Alley AccessPaved Road Frontage Type City StreetHighway Road Surface Type Paved Roof Composition Waterfront YN No

Interior Features

Building Area Total 17108 Cooling Refrigeration/HVAC Cooling YN Yes Heating Forced Air Heating YN Yes Interior Features High Speed Internet Living Area Source Other

Property Features

Association YN No Business Type Professional/OfficeExecutive SuitesRetailRetail-CommunityOther Commerical Cap Rate 8.39 Ditches Active YN No Electric ElectricCity Gas Natural GasXcel Energy Gross Income 306804 Has Association Fee No Has Association2 Fee No Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional1031 Exchange Locale Loveland Net Operating Income 184486 New Construction YN No Operating Expense 122318 Possible Use CommercialCommercial or Industrial Property Condition Not NewPreviously Owned Property Sub Type Sale: Commercial/Industrial Sale Includes Building(s)LandLeases Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 58812 Tax Year 2023 Tenant Pays Deposit Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity of Loveland Zoning DE

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Nathan Klein of LC Real Estate Group, LLC: 3035888808.



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2024-07-19T21:44:04.463.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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