Metro Denver Luxury Homes For Sale
Property Description
Triple net-lease investment opportunity anchored by Key Bank, an investment-grade tenant that has occupied this first-floor retail/office condo for 30 years. This 6,200 SF condominium sits within the iconic 11-story Key Bank Tower in downtown Fort Collins, offering a stable, passive income stream with minimal landlord responsibilities.Key Bank recently extended its lease through April 2031, with two additional 5-year renewal options carrying built-in rent escalators – providing long-term income visibility well into 2041. Annual NOI of $133,100 reflects a 7% cap rate on the current asking price of $1,895,000. Ownership also includes approx. 12% stake in adjacent vacant parcel.
Features
: Forced Air
: Partial
: Unfurnished
: Membrane
Address Map
CO
Larimer
Fort Collins
80521
Howes
125
Street
W106° 55' 8''
N40° 35' 9.4''
S
Additional Information
$1
Monthly
: Reserves
7.02
: Brick
Dunn
Poudre
Yes
Yes
Other
Realtec C.R.E.S., LLC
R1035592
Savings Bldg Condo
2025
: Natural Gas Available
D
08/19/2026
6200
Active
Yes
Poudre R-1
Poudre R-1
08/19/2026
08/19/2026
Public
: One
Savings Bldg Condo
125 S Howes Street, Fort Collins, CO 80521
$1,895,000
Listing ID #IR1066791
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : IR1066791
Price : $1,895,000
Year Built : 1970
Lot Acres : 2.93
Status : Active
Originating System Name : REcolorado
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