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28253223
28253224

242 Linden St, Fort Collins, CO 80524

CBRE - Denver Tech Center
PK
CO FA.040024504
CBRE - Fort Collins
CBRE - Denver Tech Center
CBRE - Denver Downtown
Listed by CBRE - Denver Tech Center, CBRE - Fort Collins, CBRE - Denver Downtown
$5,470,000
204 days on market
Updated 96 days ago

Long-Term STNL Creative Office

Details
Property Type Office
Sub Type Creative Office
Square Footage 14,392
Cap Rate 7.50%
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2034
Remaining Term 8.6
Rent Bumps Yes
Price per SqFt $380
Class A
Year Built 1901
Year Renovated 2018
Buildings 1
Stories 2
Investment Type Net Lease

Prime Downtown Fort Collins STNL with 9 years remaining

Marketing description

CBRE is pleased to present the opportunity to acquire 242 Linden Street, a fully

leased, single-tenant office asset located in the epicenter of Downtown Fort Collins,

one of Colorado’s most dynamic and walkable urban districts. Originally constructed

1901, the two-story building exemplifies the character and architectural heritage

that define Old Town Fort Collins while offering a modern creative workspace

operated by Spaces, the coworking brand of Regus (IWG plc).

Since its initial occupancy in 2017, Spaces has served as the exclusive tenant under

a NNN lease, recently extended through December 31, 2034. Spaces’ history in

the building, their significant capital investment into the buildout and member

experience, and their recent lease extension provide assurance of their long-term

commitment to the building. This offering provides investors with stable, passive

income from a global tenant with extensive international presence.

Situated amid a thriving ecosystem of restaurants, breweries, boutiques, and

innovation hubs, 242 Linden Street represents an irreplaceable location within a

supply-constrained submarket—Downtown Fort Collins currently reports sub-5%

vacancy and no new office projects under construction.

Investment highlights

LONG TERM, PASSIVE INCOME

The Property is 100% leased to Spaces (Regus | IWG) through December 31, 2034 under a true

NNN structure. A guaranty by RGN-National Business Centers, LLC enhances the credit of the lease

with a guaranty of $474,000 as of January 1, 2026, an amount equal to more than one year’s rent.

With approximately 9 years of remaining lease term, 3% annual rent escalations, a strong guaranty,

and a favorable NNN lease structure, 242 Linden provides investors with a durable and predictable

stream of passive income.

IRREPLACEABLE DOWNTOWN LOCATION

Situated in the heart of Old Town Fort Collins, 242 Linden Street sits amid a vibrant collection of

restaurants, craft breweries, boutiques, and creative offices that define the city’s character. The

property enjoys exceptional walkability, direct access to public parking, and strong pedestrian

visibility along Linden Street, Fort Collins’ most active commercial corridor. Few downtown assets

combine such historic appeal with modern tenancy, creating long-term intrinsic value.

HISTORIC CHARACTER WITH MODERN FUNCTIONALITY

Originally constructed on 1901, the building blends historic brick-and-beam architecture with

contemporary office interiors suited to today’s flexible workspace demand. Its presence within the

National and City Historic Districts underscores its authenticity, while available state and local tax

incentives – including a 20% Colorado historic rehabilitation credit – offer potential financial upside

for future improvements. This balance of heritage and adaptability supports enduring tenant and

investor appeal.

TIGHT MARKET FUNDAMENTALS

Downtown Fort Collins remains one of Colorado’s most supply-constrained office submarkets, with

vacancy of roughly 4.5% and no new office projects under construction. The lack of new supply,

coupled with consistent rental growth and strong tenant retention market-wide, positions the asset

for long-term stability and rent appreciation. In a market with exceptional supply-and-demand

dynamics, well-located assets like 242 Linden Street are positioned to command premium tenant

demand for decades to come.

HIGH-GROWTH REGIONAL ECONOMY

The broader Northern Colorado region – anchored by Fort Collins, Loveland, and Greeley – is

among the fastest-growing economies in the United States. Fueled by a diverse employment base

spanning technology, bioscience, energy, and higher education, the area benefits from a 3.3% labor-

force increase, 3.5% job growth, and a sub-3.5% unemployment rate. These dynamics support

sustained demand for creative office environments and underscore the long-term resiliency of the

Fort Collins market.

Listing Contacts

CBRE - Denver Tech Center
PK
CO FA.040024504
CBRE - Fort Collins
CBRE - Denver Tech Center
CBRE - Denver Downtown
Listed by CBRE - Denver Tech Center, CBRE - Fort Collins, CBRE - Denver Downtown

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