I get a lot of questions about what is happening in the Northern Colorado Real Estate market, and while I address the residential side of things regularly, the commercial market has been driven by our great economy and way of life in the area. Here are just a few recent sales that show the strength of real estate in our area…
- A Denver based company purchased The Buttes Apartments in Loveland for $16.19 million. The property was 98.8 percent leased at the time of sale.
- A company in Austin bought the State on Campus apartments on Stuart in Fort Collins for $71.08 million, it was a total of 220 units.
- The owner of the Fort Collins Club purchased the old Orchards Athletic club in Loveland for $800,000, and will be renovating it over the next year to bring a high end gym to the Loveland area.
- A local buyer bought the Holiday Inn Express in Greeley for $5 million, it has 64 rooms and is located on W 29th St.
With the development near Highway 34 and I25, we will see continued commercial growth in the area, so stay tuned for more updates!