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29345576
29345577

1355 Riverside Avenue, Fort Collins, CO 80524 For Sale

LS
CO 100104549
Doberstein Lemburg Commercial, Inc.
JS
CO FA 100106682
Listed by Doberstein Lemburg Commercial, Inc.
$590,525
177 days on market
Updated 115 days ago

Surgery Center Investment Opportunity

Details
Property Type Office
Sub Type Medical Office
Square Footage 3,634
Net Rentable (SqFt) 1,817
Units 1
Cap Rate 10.48%
NOI $61,905
Occupancy 100%
Tenancy Single
Brand/Tenant Foot Surgery Center
Lease Type NNN
Lease Expiration 12/31/2029
Remaining Term 3.5
Rent Bumps Yes
Price per SqFt $163
Class B
Year Built 1984
Buildings 1
Zoning E
Investment Type Stabilized

Stabilized Medical Condo Investment | 11.36% CAP

Marketing description

Stabilized medical condo investment in a hospital-adjacent location near Poudre Valley Hospital. This leased condominium unit offers immediate income and includes basement office/storage space in addition to the main-level treatment rooms, surgery center, and reception area.

Situated in a well-established medical corridor, the unit benefits from consistent tenant demand and long-term medical office fundamentals. Individual condo ownership provides a flexible investment structure with the option to acquire additional units in the building.

Ideal for investors seeking medical office cash flow in Fort Collins with a high CAP rate and strong location fundamentals.

Investment highlights

  • 10.48% CAP Rate on in-place income

  • 4 years remaining on existing lease, providing near-term income stability

  • Surgery center tenant (Foot Surgery Center), a highly specialized and durable medical use

  • Located blocks from Poudre Valley Hospital in a proven medical corridor

  • Individual medical office condominium ownership

  • Main-level medical space with additional basement office/storage

  • Attractive yield in a high-demand Fort Collins medical submarket

  • Option to acquire additional condo units in the building

Listing Contacts

LS
CO 100104549
Doberstein Lemburg Commercial, Inc.
JS
CO FA 100106682
Listed by Doberstein Lemburg Commercial, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$61,905.00
$5,158.75/mo

Valuation Metrics

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DSCR
10.48%
Cap Rate
10.48%
ROI

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Additional Information

Name
Leah Szantho
License
100104549
Brokerage Phone
970-213-9295
Name
John Splinter
License
FA 100106682
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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