3665 John F. Kennedy Pkwy, Bldg 2, Suite 202 Fort Collins, CO 80525 +1 970 663 3150 naiaffinity.com For more information : Jake Hallauer, CCIM +1 970 663 3150 [email protected]Ryan Schaefer +1 970 663 3150 [email protected]PRIME MULTI-FAMILY OR MIXED USE DOWNTOWN FORT COLLINS SITE Lee Martinez Park Old Town Square Colorado State University Campus COLLEGE AVENUE GROUND LEASE, BUILD-TO-SUIT, OR JOINT VENTURE DEVELOPMENT OPPORTUNITY MAX Transit Center JEFFERSON STREET Fort Collins Museum of Discovery LINDEN STREET CHERRY STREET Poudre River Trail System Elizabeth Hotel Larimer County Government Offices SITE The Lincoln Center Northside Aztlan Recreation Community Center Otterbox Headquarters SWC OF MASON STREET & CHERRY STREET, FORT COLLINS, COLORADO N
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3665 John F. Kennedy Pkwy, Bldg 2, Suite 202Fort Collins, CO 80525+1 970 663 3150
THE SITEChrisland, Inc. (“Chrisland”) is pleased to present this development opportunity as a ground lease, build-to-suit, or joint venture to develop an approximately 38,000 square foot lot located at the southwest corner of Mason Street and Cherry Street in the heart of Old Town Fort Collins (“Site”). The Site is within the “D” Downtown Zoning District and Civic Center Sub-District. The zoning and market conditions make this an excellent site for mixed-use and/or high density residential development.
AREA INFORMATION
• LOCATION: The Site is visible and well located at the intersection of two major downtownstreets (Cherry and Mason).
• POPULATION: Fort Collins is the largest city in Northern Colorado with a population ofapproximately 165,000.
• COLORADO STATE UNIVERSITY (“CSU”): Enrollment exceeds 33,000 students withapproximately 6,700 faculty and staff members and is one of the largest employers inFort Collins.
• MAJOR EMPLOYERS: CSU, Woodward, New Belgium Brewery, Odell Brewing Co.,Otter Box, City of Fort Collins, Larimer County, and more.
• AMENITIES: Extensive and diverse entertainment, dining, cultural and recreationalamenities such as Lee Martinez Park, Poudre River Trail, Museum of Discovery, LincolnPerforming Arts Center, Mulberry Pool, Aztlan Recreation Center, Old Town Square, NewWest Fest and other popular events.
• DEMAND: Due to the Sites attractiveness and scarcity of property, Old Town Fort Collins
has experienced above average appreciation in relation to other areas of Fort Collins and
Northern Colorado over the last decade.
PROPERTY HIGHLIGHTS
• Less than 1 block from the MAX Transit Center
• Walking distance to popular Old Town Square
• Adjacent to Lee Martinez Park and Fort CollinsMuseum of Discovery
• Surrounded by an abundance of retailers, restaurantsand entertainment
• Located within 1 mile of Colorado State University’scampus
SITE SIZE0.873± Acres38,044± sq. ft.
ZONINGDowntown District,
Civic Center Sub District
BUILDING HEIGHT85’ Max
(5 - 6 STORIES)
CURRENT MILL LEVY 96.139
LOT 2, PENNY FLATS SUBDIVISION, FORT COLLINS, COLORADO
The information contained herein, while from sources believed reliable, is not guaranteed and is subject to change without notice. NAI Affinity makes no warranties or representations as to the accuracy of this information. This brochure is the exclusive property of NAI Affinity. Any duplication without NAI Affinity’s express written consent is prohibited.
The information contained herein, while from sources believed reliable, is not guaranteed and is subject to change without notice. NAI Affinity makes no warranties or representations as to the accuracy of this information. This brochure is the exclusive property of NAI Affinity. Any duplication without NAI Affinity’s express written consent is prohibited.
MULBERRY STREET1,180-seat performance hall & a 220-
seat theatre
Dining, Nightlife, Shopping, Entertainment & more164 Guest rooms, retail, 3,400 square feet of meeting & conference space, 323 space parking garage, Onsite restaurant, rooftop bar, lobby bar
FORT COLLINS MUSEUM
OF DISCOVERY
W MOUNTAIN AVENUE
Exhibits, Theater, Programs and more4th Largest micro-brewery in the nation
POUDRE RIVER TRAIL SYSTEM
The information contained herein, while from sources believed reliable, is not guaranteed and is subject to change without notice. NAI Affinity makes no warranties or representations as to the accuracy of this information. This brochure is the exclusive property of NAI Affinity. Any duplication without NAI Affinity’s express written consent is prohibited.
The information contained herein, while from sources believed reliable, is not guaranteed and is subject to change without notice. NAI Affinity makes no warranties or representations as to the accuracy of this information. This brochure is the exclusive property of NAI Affinity. Any duplication without NAI Affinity’s express written consent is prohibited.
DEMOGRAPHICS AND ACCOLADESFort Collins, with a population of approximately 165,080 is known nationally for its high quality life and is a hub for innovation, research, and entrepreneurship.
FORT COLLINS ACCOLADESFort Collins is consistently recognized on “top” and “best” of lists:
• 5th Top Best Performing Cities: Milken Institute - Jan 2018
• 2nd Best Cities for Small Business Owners: ValuePenguin - Feb 2017
• No. 4 Community in Overall Well-Being, 2014-2015: Gallup Healthways - Feb 2016
• No. 14 Best-Performing City: Miliken Institute - Dec 2015
• Top 3 Digital City: Govtech.com - Nov 2015
• Top 10 Best Metros for Female Entrepreneurs: Forbes - Oct 2015
• Ranked No. 4 Next Top 10 Cities for Tech Jobs: Fast Company - Jul 2015
• No. 3 “50 Best College Towns to Live in Forever” list: College Ranker - Mar 2015DOWNTOWN FORT COLLINS
HOUSING STATS
2.2% Apartment Vacancy (as of March, 2017 Source: Coloradoan. Click here for article)
Average Residential Sale Price - $519,950 Average Multi-family Sale Price - $454,860
(Prices reflect past 6 months as of August, 2017 |Source: The Group, Inc.)
Northern Colorado added an impressive $2.4 billion in income to the economy of Larimer and Weld counties between four public colleges and universities in fiscal year 2015-16! Click here for article
The information contained herein, while from sources believed reliable, is not guaranteed and is subject to change without notice. NAI Affinity makes no warranties or representations as to the accuracy of this information. This brochure is the exclusive property of NAI Affinity. Any duplication without NAI Affinity’s express written consent is prohibited.
THE MAX BUS RAPID TRANSIT MAX Bus Rapid Transit (BRT) serves major activity and employment centers throughout our community including Midtown, CSU and Downtown. MAX links with other Transfort bus routes, Park-n-Rides, the City’s bicycle/pedestrian trail system, and other local and regional transit routes to provide seamless service for passengers.
For more information on the MAX Bus Rapid Transit Service: MAX Transfort
SITE
SITE
CHERRY STREET
DOWNTOWN TRANSIT CENTER
MA
SON
STR
EET
CO
LLEG
E A
VEN
UE
MAPLE STREET
The information contained herein, while from sources believed reliable, is not guaranteed and is subject to change without notice. NAI Affinity makes no warranties or representations as to the accuracy of this information. This brochure is the exclusive property of NAI Affinity. Any duplication without NAI Affinity’s express written consent is prohibited.
COLORADO STATE UNIVERSITYColorado State University (“CSU”) is a public institution with enrollment over 33,000 students and approximately 6,700 employees. CSU is a significant employer and contributes greatly to the vibrancy of the local economy by providing jobs, and an educated, well compensated, workforce. The most popular majors include: Business, Management, Marketing, and Related Support Services, Biological and Biomedical Sciences, Social Sciences, Family and Consumer Sciences/Human Sciences and Engineering.
Top 5 percent of business
colleges, Association to Advance
Collegiate Schools of Business,
for our academic programs.
RANKED WITHIN TOP 10% IN NATIONAL UNIVERSITIES
COLLEGE AVENUE
CSU’S FOOTBALL STADIUM
MOBY ARENA
COLORADO STATE UNIVERSITY CAMPUS
MOBY ARENA CSU FOOTBALL STADIUM
SITE
OLD TOWN
The information contained herein, while from sources believed reliable, is not guaranteed and is subject to change without notice. NAI Affinity makes no warranties or representations as to the accuracy of this information. This brochure is the exclusive property of NAI Affinity. Any duplication without NAI Affinity’s express written consent is prohibited.
Source: 2017 Book of Lists; Bizwest and Northern Colorado Economic Alliance
AREA EMPLOYMENTThe economy in Fort Collins is enriched with a diverse mix of many manufacturing, R&D and service-related fields. Many high-tech companies have relocated to Fort Collins due to the resources of Colorado State University and its prestigious research facilities.
• Advanced Energy Industries Inc.
• AMD
• Anheuser Busch
• Banner Health
• Broadcom Ltd.
• CA Technologies
• City of Fort Collins
• Colorado State University
• Columbine Health Systems
• Hewlett-Packard Headquarters
• Larimer County
• New Belgium Brewing Co.
• Odell Brewing Co.
• OtterBox Headquarters
• In-Situ
• Intel (1,
• Poudre School District
NOTABLE FORT COLLINS EMPLOYERS
• Poudre Valley Hospital
• Qualfon
• The Neenan Company
• Toll Brothers
• Tolmar
• University of ColoradoHealth
• Water Pik Headquarters
• Wolf Robotics
• Woodward Headquarters
5)
The information contained herein, while from sources believed reliable, is not guaranteed and is subject to change without notice. NAI Affinity makes no warranties or representations as to the accuracy of this information. This brochure is the exclusive property of NAI Affinity. Any duplication without NAI Affinity’s express written consent is prohibited.
Downtown is mixed with authentic retailers, restaurants and employment which makes this the place to be:• Walk-ability to over 84 restaurants and countless retailers.• Colorado State University - 33,000+ students• Solid employment base includes Colorado State University, both the City of Fort Collins
and Larimer County government centers, the County Courthouse, and a concentrationof professional offices.
Breweries: New Belgium Co., Odell Brewing Co., Red Truck Beer Company to name a few.• Old Town Square: dining, shopping and nightlife.• Arts & Culture: The Lincoln Center, Fort Collins Museum of Art, Fort Collins Museum of
Discovery and many more.• Events: New West Fest, Tour de Fat, Taste of Fort Collins, Brewfest, Old Town Car
Show, Fort Collins Jazz Experience, Oktoberfest, Girls Night Out, First Night FortCollins, Greek Festival, Holiday Parades, various 5k runs, and concerts.
Downtown is a vibrant commercial district and the City’s art, cultural and entertainment center including:• Events and festivals in Downtown are a staple.• Museums, breweries, markets and Old Town Square.• Rich with energy and entrepreneurial spirit.• Booming location within Fort Collins.
DOWNTOWN FORT COLLINS also known as “Old Town”, is a vibrant business andthriving economic hub located along the College Avenue corridor. Lined with local boutiques, cafes, antique shops, retail stores, and more than 84 restaurants to choose from.
The information contained herein, while from sources believed reliable, is not guaranteed and is subject to change without notice. NAI Affinity makes no warranties or representations as to the accuracy of this information. This brochure is the exclusive property of NAI Affinity. Any duplication without NAI Affinity’s express written consent is prohibited.
May‐17 221 E. Mountain Ave, Ft Collins Elevations Credit Union 221 East Mountain, LLC Elevations Credit Union Mixed Use 0.45 $2,375,000 $ 121.16 Mountain Avehttp://www.coloradoan.com/story/money/business/2017/09/28/new‐plans‐works‐prime‐old‐town‐site‐
empty‐years/703534001/
Jan‐15 360 Linden St, Old Town Fort Collins TBD Blair Kiefer Blue Ocean Mixed Use 1.67 $3,000,000 $ 41.24 Linden St., Willow
St.
Jan‐15 300 S. College Ave, Old Town Fort Collins Uncommon310 Redevelopment
Properties, LLC (Archie Solsky)
CA Student Living FTC, LLC Mixed Use 0.80 $3,500,000 $ 100.44 College Ave, Olive
St119 Apartments (116,800 sf) & 11,000 sf retail. Structured parking.
Jan‐15343 N. College Ave, Old Town Fort Collins (Block
23)TBD
CBC Front Range Colorado, LLC
(Community Banks of Colorado)
Preston Center 7, II, LLC (J.D. Padilla)
Mixed Use 2.57 $3,350,000 $ 29.92 Cherry St & College Ave, Mason St
Buyer plans to redevelop
Oct‐14363 Jefferson St, Old Town Fort Collins (Parcel 2
of Elizabeth Hotel)Elizabeth Hotel
D E Properties, Inc. (Dan Eckles)
Walnut Street 354, LLC (Bohemian Companies)
Hotel & Parking Garage
0.83 $963,301 $ 26.64 Jefferson & Chesnut St.
Buyer plans to develop a 163 room hotel with 3,100 sf of ground floor restaurant, 3,000 sf of meeting space, 3,100 sft of retail area, and a 1,500 sf roof top bar on Parcel 1. On parcel 2, buyer plans to develop a 36,338
sf parking garage.
Apr‐14359 Linden Street, Old
Town Fort CollinsFeeders Supply Redevelopment
Northern Colorado Feeders Supply, Inc.
Feeders Supply, LLC (Lagunitas, Inc.)
Multi‐family & restaurant
1.18 $1,100,000 $ 21.40 Linden St., Willow
St.Buyer plans to redevelop the site to include 54 apartment units. The existing building will be occupied by a
restaurant or brewpub and other commercial uses.
AVERAGE 1.25 $2,381,384 56.80$
The information contained herein, while from sources believed reliable, is not guaranteed and is subject to change without notice. Chrisland Commercial Real Estate, Inc. makes no warranties or representations as to the accuracy of this information. Any duplication without Chrisland Commercial Real Estate, Inc.’s express written consent is prohibited.
Comparable Property Sales Downtown Fort Collins Multi‐family / Mixed Use Sites within 3 years
The information contained herein, while from sources believed reliable, is not guaranteed and is subject to change without notice. NAI Affinity makes no warranties or representations as to the accuracy of this information. This brochure is the exclusive property of NAI Affinity. Any duplication without NAI Affinity’s express written consent is prohibited.
