Fort Collins, CO, July 9, 2015: A prominently located downtown Fort Collins retail property has just been purchased as the newest acquisition in a Northern Colorado investment portfolio. The property, located at 200 North College Avenue, is comprised of a full city block in north Old Town. It was purchased by 200 N College Ave, LLC for $5,375,000.
The buyer is an investment group assembled and managed by Fort Collins-based Brinkman Partners. Brinkman’s brokerage team of Greg Roeder, Jake Arnold and Josh Guernsey represented the group in the transaction.
This multi-building, 31,170 SF property is visibly positioned along College Avenue on the north end of Old Town. Tenants include Pateros Creek Brewing Company, Compass Cider, CopperMuse, Dynamik Ceramix, EZPAWN, Life Changes Body Art and Sparrow House of Design.
The new ownership group is currently evaluating long-term plans for the property, potentially including future redevelopment.
Dawn Davis, with FirstBank of Northern Colorado, was the lending officer for the transaction. FirstBank provided a unique financing solution with customized terms to suit the strategy of the investor group as well as the bank’s risk profile.
Eric Nichols with Doberstein Lemburg represented the Seller.