Just Sold: 24 Unit Apartment Community in Fort Collins

Property Type: Multifamily
Closed Date: March 21, 2022
Property: 632-636 N Shields St, Fort Collins, CO 80521
Sale Price: $5,600,000
# Units: 24
Price/Unit: $233,333
GBA: 20,460 SF
Price/SF: $274

632-636 N Shields St, Fort Collins, CO 80521

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.