1331 Red Cedar CirFort Collins, CO 80524

This exceptional 41,727-square-foot industrial property in Fort Collins, Colorado, presents a compelling investment or owner-user opportunity. Located at 1331 Red Cedar Circle, this multi-tenant building boasts a desirable location just off Highway 287 and College Avenue, offering convenient access to major transportation routes. Built in 1979 and extensively renovated in 2019, the property features five individual units, each approximately 8,345 square feet, currently at 50% occupancy with Sun House Ventures and Old Elk Distillery as tenants. The building offers a range of attractive features including 18' to 19' ceiling heights, three dock-high doors, and ample space for various industrial uses. The asking price is $5,250,000, translating to $125.82 per square foot and $1,050,000 per unit. The property's strong pro-forma NOI of $431,891 projects an 8.23% cap rate. Strategically situated within both the Colorado Enterprise Zone and the Colorado Opportunity Zone, this property offers significant tax advantages and investment potential. This is an ideal opportunity for investors seeking a multi-tenant industrial asset with strong potential for future growth and income generation, or for a larger user seeking a customized space in a prime location. The permitted zoning is Industrial.