3420 E Harmony Road
Office | 179,500 SqFt
Marketing description
CBRE ("Agent") has been exclusively retained to sell 3420 E Harmony Road in Fort Collins, Colorado. This Class A 179,500 SF property has recently renovated modern common areas, lobbies, and restrooms. Additionally, the asset has 9-10' ceilings, and a top-of-the-market parking ratio. Fort Collins recently capped the parking ratio for future office developments at 3.0 per 1,000 SF, making the Property's above-market parking ratio of 7.0 per 1,000 SF appealing and rare for high density tenants.
3420 E Harmony is located in the heart of Fort Collins which is supported by a highly educated workforce and home to Colorado State University (CSU) with over 34,000 enrolled students, a major economic driver to the region. Tesla has recently leased space at 3420 E Harmony for access to the engineers and technology talent stemming from CSU. The Fort Collins office market totals approximately 5,220,000 SF and has direct vacancy rate of 4.9% as of December 2024 vs Denver at 27%.
3420 E Harmony is located within what was historically been known as the Hewlett-Packard Enterprise Campus which is now co-anchored by Broadcom. The asset has tremendous access from Interstate 25 and convenient proximity to numerous restaurants and retail amenities.
3420 E Harmony represents an incredible value add or user acquisition opportunity in the fast growing and boutique market of Fort Collins. Tenancy at the property is a complimentary mix of digital marketing, high-tech automotive and healthcare users. Madwire is the largest tenant with 86,000 sf (63,000 sf of which is sublet to Tendercare Pediatrics). Tesla and Nous AG Round out the tenant roster
Investment highlights
- Fort Collins office market totals approximately 5,220,000 SF with direct vacancy rate of 4.9% as of December 2024 vs Denver at 27%
- Fort Collins has been named by Money Magazine as one of the top 5 places to live in America multiple times
- Northern Colorado's growth has consistently out-paced Denver and every other region in Colorado due in part to its affordability advantages and business-friendly environment
- Fort Collins is not only one the strongest office markets in Colorado but in the Nation
- The market has a NNN lease structure which has its advantages over much of Denver
- The Northern Market has a direct vacancy rate that has fallen from just under 6.5% in 2021 to 6.1% as of June 2025
- Colorado State University (CSU) attracts over $300 million in research funding annually, driving a range of cutting-edge research, innovation, and technological development within the community
- One turn access from Interstate 25 and offers tremendous access to restaurants and retail amenities
- Numerous walkable restaurants via a traffic light-controlled crosswalk
- Directly to the west of the asset is The Target Anchored Harmony Commons
- 70% job growth and 41% residential growth projected along Harmony Road during the next two decades
- Harmony Road businesses provide 21,100 jobs with 36,000 jobs projected by 2035
- The Property's strategic location on the formerly exclusive Hewlett Packard Campus on Harmony Road affords it a competitive advantage over competing office product
- The recently capped parking ratio for future office developments at 3.0 per 1,000 SF, compared to the Property's above-market parking ratio of 7.0 per 1,000 SF provides a huge competitive advantage to leasing prospects
- Situated at an irreplaceable site on the East Harmony Road corridor
- Situated in close proximity to Front Range Village, the city's premier destination shopping center
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