Just Sold: 24 Unit Apartment Community in Fort Collins
Fort Collins, CO – March 21, 2023 – Kaufman Hagan is pleased to announce the sale of 632-636 N Shields St, a 24 unit multifamily property located in Fort Collins for $5,600,000.
Kaufman Hagan Brokers, Andrew Vollert & Brandon Kaufman represented both the Buyer and Seller in this transaction.
“This 20,460 sq ft. asset known as the FoCo Flats is ideally located just a few minutes from CSU and Old Town Fort Collins. The property boasts newly repaved off street parking for tenants and a large 41,000 Sq Ft lot, as well as upgraded units with the majority being 3 beds, which is unique to the area. Despite the prevailing challenges and uncertainties that are rampant in the present-day market, we were able to successfully identify a buyer with a well-established track record and the capacity to promptly close the transaction, reflecting our unwavering commitment to achieving optimal outcomes for our clients in any market condition. Both parties were mutually satisfied with the expeditious and seamless transaction.”
-Andrew Vollert, Broker, Kaufman Hagan Commercial Real Estate
For more information on this transaction or to discuss multifamily investing, please contact Andrew Vollert at 650-740-9570 or avollert@khcommercial.com and Brandon Kaufman at 303-547-7357 or bkaufman@khcommercial.com.
SALE HIGHLIGHTS
• Property Type: Multifamily
• Closed Date: March 21, 2023
• Sale Price: $5,600,000
• Property: 632-636 N Shields St, Fort Collins, CO 80521
• # Units: 24
• Price/Unit: $233,333
• GBA: 20,460 SF
• Price/SF: $273.71
ABOUT KAUFMAN HAGAN COMMERCIAL REAL ESTATE
Kaufman Hagan is a Denver-based commercial real estate brokerage, built by various industry leaders to create unique, high-value services for our investment partners and our brokers.
We drive disproportionate value to our partners through innovation, relentless effort, superior market knowledge and our belief in the value of owning every aspect of the client relationship.
