A prominently located downtown Fort Collins retail property has just been purchased as the newest acquisition in a Northern Colorado investment portfolio. The property, located at 200 North College Avenue, is comprised of a full city block in north Old Town. It was purchased by 200 N College Ave, LLC for $5,375,000.
The buyer is an investment group assembled and managed by Fort Collins-based Brinkman Partners. Brinkman’s brokerage team of Greg Roeder, Jake Arnold and Josh Guernsey represented the group in the transaction.
This multi-building, 31,170 SF property is visibly positioned along College Avenue on the north end of Old Town. Tenants include Pateros Creek Brewing Company, Compass Cider, CopperMuse, Dynamik Ceramix, EZPAWN, Life Changes Body Art and Sparrow House of Design.
The new ownership group is currently evaluating long-term plans for the property, potentially including future redevelopment.
Dawn Davis, with FirstBank of Northern Colorado, was the lending officer for the transaction. FirstBank provided a unique financing solution with customized terms to suit the strategy of the investor group as well as the bank’s risk profile.
Eric Nichols with Doberstein Lemburg represented the Seller.
About Brinkman Partners
Brinkman Partners, headquartered in Fort Collins and with an office in Denver, provides integrated real estate solutions throughout Colorado. Their full-service scope includes commercial brokerage, development, construction and real estate management. Their encompassing business model, paired with their passion for customer satisfaction, allows them to give unparalleled attention to each client’s unique needs. Brinkman’s belief that environmental stewardship is a sound economical investment drives all facets of business.
About FirstBank
FirstBank operates more than 120 locations in Colorado, Arizona and California. FirstBank is the largest locally owned banking organization in Colorado, serving more than 650,000 customers.
Since 2000, FirstBank has contributed more than $50 million and thousands of volunteer hours to charitable organizations. FirstBank is unique in that a majority of its stock is owned by management and employees. For more information, go to www.efirstbank.com.