Listed by RE/MAX Commercial Alliance
$1,475,000
1309 Duff Drive
Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 4,612
Cap Rate 5.10%
NOI $83,360
Tenancy Single
Lease Type NN+
Lease Term 3
Lease Expiration 07/12/2027
Remaining Term 3
Rent Bumps Yes
Lease Options 2 options, 3 years each (potential 2033 expiration)
Year Built 1995
Acreage 1.030
Zoning Industrial
Investment Type Net Lease
Lease Commencement 07/13/2022
Ground Lease No
Industrial | 5.10% CAP | 4,612 SqFt
Marketing description
1309 Duff Drive is a rare find—a solid brick building with a flexible layout, that includes office, warehouse, and a fenced yard—all located in the heart of the Fort Collins Business Center. This ideal location sits in-between downtown Fort Collins and I-25, with north Denver just 50 minutes away. The property offers steady cash flow, consistent rent growth, and a strong overall cap rate.
This industrial flex property is currently leased through July 2027, with two 3-year options to extend (potential 2033 expiration). The current tenant is Terracon Consulting, Inc., a large, employee-owned engineering consulting firm with over 200 offices, 8,000 employees, and over $1B in sales annually.
Investment highlights
- Steady Cash Flow
- Net Operating Income Ranges from $75k to $91k (2026 to 2033 est)
- Growing Income Stream
- 3% Annual Escalators on Base Rent
- 3% Annual Property Appreciation, in addition to Depreciation & Tax Benefits
- Cash-On-Cash Annual Return averages 7% (2026-2033), with a 17% Return in 2033
- IRR: 6.5% (Before Tax; 35% Down, 6.5% Interest Rate, 25 yr term, property appreciates +3%/yr)
- ROIC averages 73% (2026-2033), with 176% ROIC in 2033
- Excellent Location in The Fort Collins Business Center (Close to Businesses/Downtown FoCO or I-25)
- Solid Brick Office Building (Durable, low maintenance, & energy efficient)
- Big Warehouse: 18' Height, 4 Bays, 4x 12' Overhead Doors, Wash Bay w/ Sand Trap (Ease of mobility & maximize space/storage)
- Flexible Layout (Office/admin; warehouse/storage; & light manufacturing or distribution all under one roof)
- Recently Resurfaced Parking Lot ($ Savings for owner & tenants)
- Large Fenced Yard (Plenty of secure parking and storage)
- Located in Enterprise Zone ($ tax savings)
- Larimer County Jurisdiction (Easy to work with, less regulation, greater flexibility)
Listing Contacts
Listed by RE/MAX Commercial Alliance
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,360.00
$6,946.67/mo
Valuation Metrics
0
DSCR
5.65%
Cap Rate
5.65%
ROI
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