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Description
Oak Street Plaza is a very unique retail and office investment opportunity located in in downtown Fort Collins. This property is currently home to17 office and retail tenants in suites ranging from176 to 2,597RSF. This property is 100% occupied and remains a desirable location for a variety of business types in downtown Fort Collins. Historic occupancy has been very stable as smaller suites lease with ease in the downtown sub-market. With relatively short-term leases in place there are opportunities to continue operating the property as-is, to combine suites for larger spaces and to turn over under-market leases to improve financial performance. Gross rents currently average $14.23/RSFGROSS, when the market commands $20-$25/RSF for comparable space.
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Listing Source: IRES - Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. Copyright IRES. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Updated: 27th March, 2023 9:48 PM (UTC)