LC Commercial
1712 Topaz Drive,
Loveland, CO 80537

Phone (970) 667-7000
Monday-Friday: 8am-5pm

226 E. 29th Street | Shops at 29th in Loveland

Monday, Apr 17, 2023

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Are you in the health and wellness industry and looking for a new location for your business? Look no further than the Shops at 29th in Loveland. Your business will thrive in this shopping center comprised of a well balanced mix of national and local co-tenants offering beauty, health care, and family-oriented services such as Yoga, Physical Therapy, Hair and Nail salons, Pediatric Dentistry, Dog Grooming and training, tutoring, and so much more! Of course there are also yummy food options. Papa John', Subway, and Bankok 89 are in the same Shopping Center!
226 E. 29th Street is a 1,140 square foot high traffic retail/office space with direct access from US Highway 287. This ideal location features an open plan including two private offices and a private restroom, that can be easily modified to suit. Priced at just $2,175 per month including NNNs, your business will be well positioned for HEALTHY long term success!
If you are interested in the second highest retail trade area in Loveland please contact: Nathan Klein 970. 222.2473 | Rico Devlin 970.413.1182 | Imran Bhimani 970.518.7704.

New Search Tool For Homes in Colorado

Thursday, Dec 08, 2022

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New Search Tool For Homes in Colorado

New Homes Colorado by LC Real Estate Group

Website | https://newhomescolorado.com/new-home-builders/

"Our new home sales team has listed and sold more than 800 new homes in 14 new subdivisions in Colorado and represented buyers in the purchase of new homes in communities across the front range. As prior owners of a regional homebuilding company, we are intimately familiar with the ins and outs of the construction, marketing, and new home sales process." - New Homes Colorado

LC Real Estate Group has created "New Homes Colorado," an efficient home search tool. Trying to find a new home based off of builder, city, or community? This website has you covered. You can even searched based off of: 

  • New Home Construction Status, New Home Style, New Home Type, New Home Design, New Home Community Amenities, New Home Location Amenities, Lot Amenities, Garage Features, Basement Features, Home Energy Score (HERS), and Homeowners Association.

At the moment the LC Real Estate Group New Homes Leadership includes Rollin Goering (Team Managing Broker) and Wayne Lewis (Marketing Director & Financial Analyst). Goering is a Senior Partner and has over 20 years of real estate experience including five certifications. Wayne Lewis is also a Senior Partner and Senior Broker. He has 19 years of experience and was first involved in purchasing and selling residental property & development land. 

Both real estate guru's also dedicate their time to assisting the community in various organizations including: 

  • Board of Directors for the Larimer County Food Bank (Rollin Goering)
  • Chair for Loveland Chamber of Commerce Board of Directors (Rollin Goering) 
  • Loveland Coats & Boots (Rollin Goering & Wayne Lewis)
  • Everett Real Estate Center Member (Wayne Lewis)

Keep following along for more updates of this website: https://newhomescolorado.com/new-home-builders/

 

CEO Eric Holsapple with Shalom Klein on Get Down To Business

Tuesday, Nov 01, 2022

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CEO Eric Holsapple interview with Get Down to Business

Holsapple shares his mindful business knowledge with Shalom Klein

Interview by Shalom Klein | Youtube | https://www.youtube.com/watch?v=k6FkQv3d91E

Our CEO, Eric Holsapple, joined Shalom Klein on his weekly podcast/radio show. Get Down To Buisness covers new topics for anyone in the business world to be successful.

Diving deep into the background of Get Down To Business - Shalom has experience in communicating, speaking, networking, connecting and organizing as well as being a business consultant and Commissioned Officer in the United States Army Reserve. Klein educates the public through media and his book which you can purchase here: https://www.amazon.com/Get-Down-Business-Shalom-Klein/dp/1628655852

During the interview, Eric Holsapple gives his insight on his mindfulness mindsight derived from his other company, Living in the Gap. If you want to learn more about Living in the Gap please visit: https://livinginthegap.org/

4th Street Block, Loveland, CO. Sale

Wednesday, Jan 27, 2021

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Downtown Loveland Block Trades Hands

4th Street City Block Sells in Downtown Loveland, CO.

Full Article by Ken Amundson| BizWest Media | https://bizwest.com/2021/01/22/new-company-buys-downtown-loveland-block-for-3m

With Partner/Commercial Brokerage Manager, Nathan Klein, able to assist a long time client with this investment sale, our team at LC Real Estate Group is sure to keep tabs on the future of the 4th Street Block in Loveland.

As 2020 came to a close, Downtown Loveland City Block at W. 4th St., N. Garfield Ave., W. 3rd St., and Railroad Ave. traded hands. As described by Ken Amundson in the featured BizWest article above, the new ownership company was formed by local brewery and real estate stakeholders. Trading for $3 Million, this purchase transferred ownership to much of the property included in this downtown block (not including 323 N. Railroad Ave.). 

With no disruptions planned for the current businesses at the site, Loveland Aleworks, Bernhardt Vision, Rockywood Fabrics, KK9 Dog Training, Cosmic Dog, and Colorado Cardio Gym Equipment Outlet, and Vector Disease Control International, are all set to remain in place. With the new ownership company tied to Loveland Aleworks, there are plans to install extra bathrooms to support a beer garden concept behind the main brewhouse. With a "master plan" for the block in the works, Brewer Nick Callaway notes that the company, "wants to promote the festive nature of the downtown, and turn this block into a campus." (Nick Callaway, BizWest Media LLC)

With the landscape of Downtown Loveland continuing to shift and grow, we are exctied to track the progress of this block as it grows with it. For the full article written by Ken Amundson of BizWest Media, be sure to visit: BizWest Media, LLC| https://bizwest.com/2021/01/22/new-company-buys-downtown-loveland-block-for-3m/

    

Cleveland Station | Downtown Loveland Redevelopment

Friday, Jan 22, 2021

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Downtown Loveland Redevelopment News

Cleveland Station to Make a Big Difference at Cleveland & Fifth Street

Full Article by Max Levy| Loveland Reporter-Herald | https://www.reporterherald.com/2021/01/21/loveland-council-gives-nod-to-cleveland-station-downtown-redevelopment-plan/

LC Real Estate Group, LLC is excited to be involved in the Cleveland Station Redevelopment project set to "beautify" a corner of Downtown Loveland. Contact our team if are looking for info on office/retail space at this location.

After Loveland City Council's session on Thursday night, members voted unanimously to approve the redevelopment and tax increment financing plan for this historic property at Cleveland Ave. / Fifth Street in Downtown Loveland. With details on reimbursements up to $800,000 for widening sidewalks, facade improvements, and public art, the Cleveland Station project truly begins to come to life. For those involved in the redevelopment efforts of this site, this TIF financing and reimbursement should, "allow (the project) to be developed at a much higher level." 

With three confirmed tenants (Boutique by Sonja, Tom Davis Saloon, and Radial Development Group), the project is really picking up momentum as it moves into its next phases. Aided by plans of restored architectural elements, and public art incorporated into the building, this is one of the projects set to show how Loveland's downtown is dynamically shifting towards the downtown they aim to be. If you have questions on the redevelopment, or spaces available, please contact us at 970-667-7000.

For the full article by Max Levy, visit: Loveland Reporter-Herald | https://www.reporterherald.com/2021/01/21/loveland-council-gives-nod-to-cleveland-station-downtown-redevelopment-plan/

  

Target Coming to Old Town Fort Collins

Saturday, Nov 21, 2020

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Popular Big Box Retailer Target Coming to Downtown

Fort Collins Store Set to Open Doors in 2021

Full Article by Pat Ferrier | Fort Collins Coloradoan | https://www.coloradoan.com/story/news/2020/11/18/target-expands-downtown-fort-collins/3770555001/

With the news officially announced, Target is set to add its third store in Fort Collins with a focus to serve downtown / north Fort Collins consumers.

After 24 Hour Fitness closed its doors as a direct result of the COVID-19 Pandemic, a large portion of the commercial building at 460 South College Ave. sat vacant, causing a noticeable hole in the downtown market. As bulding owner and Senior Partner here at LC Real Estate Group, LLC. noted, "Target considered the site before 24 Hour Fitness leased the space, but decided against it at the time. They reconsidered when the building came up for lease again." 

With the building at 460 S. College playing a prominent role in the look and feel of Old Town Fort Collins, this news comes with many viewpoints. As Matt Robenalt pointed out, "Having Target located in the downtown and this geography of the city will provide a new element of convenience and a new walkable option for the many residents of Old Town who may have shopped at the South Target stores for decades."

While this news marks a significant milestone for the LC Real Estate Group Team, plenty of work is still to be done before the slated 2021 opening. Keep tuned for progress and future announcements!

For the full article by Pat Ferrier, visit: Fort Collins Coloradoan | https://www.coloradoan.com/story/news/2020/11/18/target-expands-downtown-fort-collins/3770555001/ 

LC Real Estate Group Coats & Boots Event 2020

Friday, Oct 16, 2020

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Coats and Boots 2020

Helping Thompson Valley students stay warm this winter

LC Real Estate Group Foundation's Coats and Boots progam will once again be distributing free winter clothing to Loveland's Title 1 schools. Coats and Boots uses donated funds to obtain new winter wear at cost through a partnership with sporting goods retailer Scheels.

Rico Devlin, a partner at LC Real Estate Group and one of the program's organizers, said the program will look different this year in order to minimize in-person contact. Voluteers in past years helped the kids size their winter gear on the day the coats & boots were donated. While this year might look a little different, "The kids will still get the chance to pick them out, so it's more personal for them, and it's not just them being handed a jacket," Devlin said. 

With School officials handling the physical distribution of donated coats and boot this year, the program's recipients will include Edmondson, Lincoln, Monroe, Garfield, Sarah Milner, Truscott and Winona. The foundation hopes to grow to serve all Thompson elementary schools in the coming years.

The foundation has set a fund raising goal of $15,000 this year. With each $60 tax deductible donation going directly towards the cost of a set of winter clothing, these jackets and boots will provide a student with the gear they need to be successful and comfortable this winter. Nathan Klein, another program organizer and Senior Partner at LC Real Estate Group, said the schools are reporting a greater need this year due to the financial strain placed on the families by the pandemic. "Every school is asking us for more" he said. 

We encourage interested individuals and businesses to make a tax-deductable contribution, either by mailing a check to LC Real Estate Group Foundation c/o Coats & Boots, 1712 Topaz Drive, Loveland CO 80537, or visting the program's Gofundme page.

For a full article written on this year's Coats and Boots program, visit the Reporter Herald write up by Max Levy HERE.

Former HP/Agilent Campus (RMCIT) in Loveland Hits Market

Friday, Oct 02, 2020

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Former HP Campus in Loveland Hits Market

Home of Rocky Mountain Center for Innovation and Technology on Market for $22.8M

The former HP/Agilent campus in South-West Loveland has hit the market, listed for $22.8M. Made up of four buildings on 177 acres, now known as the Rocky Mountain Center for Innovation and Technology, the real estate is located on the North-East corner of Taft Avenue and 14th St. SW. 

Last being sold by the City of Loveland for $5 million in 2011, Cumberland & Western Resources invested in property finishes, and leased a good amount of space in the campus. LC Real Estate Group partner Nathan Klein is featured in the full article above, diving into some of the value the current owner has in this unique real estate holding. As a large campus in a unique and quickly changing part of Loveland, the listing and potential sale of this campus is certainly something the team at LC will continue to keep on our radar.

Fall 2020 LC Real Estate Group Scholarship Recipients

Friday, Sep 25, 2020

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Fall 2020 LC Real Estate Group Scholarship Recipients 

Colorado State University College of Business Announces Fall 2020 LC Real Estate Group Scholarship Recipients

In a year that looks much different for Students in Colorado, Scholarships continue to make a lasting and important difference in many lives at Colorado State University. Helping students overcome various financial impacts and struggles, these scholarships aim to support them in their journey towards a meaningful education. As the Colorado State University College of Business itself points out, "This year, more than ever, scholarships are vitally important to students being able to stay in school and graduate with a lighter financial burden." 

With more than 200 scholarships awarded this 2020-2021 academic year, LC Real Estate Group is excited to follow the journey of six unique students that were awarded funds from the LC Real Estate Group Scholarship. Best of luck this year, and in your continued studies to:

Jeremiah Acosta | Senior

Jose Leonel Alvear Carbajal | Senior

Nicholas AmRhein | Junior

Bryan Decker | Junior

Tiffani Johnson | Junior

Mohinur Yusufjanova | Sophomore 

Reading about each of these students' "State of Being", "State of Dreams", and "State of Gratitude", continues to remind our team at LC Real Estate Group of the impact of philanthropy through scholarships, and exactly what we have to look forward to with the next graduating groups of CSU Business Rams!

Nathan Klein featured: "Virus-driven interest rates spur activity in real estate markets"

Friday, Jun 26, 2020

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Nathan Klein Featured in BIZWEST Real Estate and Construction Discussion:

Virus-driven interest rates spur activity in real estate markets

"The concern was the market started to seize up, and that’s why we saw the Fed make not only a reduction in Fed funds and a commitment to buy mortgage-backed securities and treasuries but there was a concern that there was starting to be fear dominating the markets in such a way we were not seeing. That normal connection between treasuries and stock market or bonds to stock market was not correlating … so you were seeing mortgages go down and treasury rates go up,” said Gerard Nalezny, CEO and chairman of Verus Bank of Commerce in Fort Collins. Fears surrounding coronavirus have impacted more than just the toilet-paper supply across the country. The stock market continues to drop on fears of a potential global recession and the Federal Reserve’s response over the weekend —  cutting interest rates by a full percentage point — was an attempt to bring markets back into sync. 

The Federal Reserve’s decision to spend $700 billion to jump start markets was in direct relation to rates starting to go up. “That’s not what the Fed wants under the circumstances, a slowing growth scenario. You don’t want rates to go up, you want them to go down,” he said.

It is a great time to be in mortgage banking, he added, because those lenders make their money off volume and right now mortgage rates are the lowest they’ve been in 40 years so “there’s a glut of refinance activity going on,” Nalezny said.

Dan Page, president of Boulder Equity Partners, said that everything is in flux right now. There is starting to be a contraction of the loan-to-value ratio and the amount on which commercial mortgage lenders are willing to lend. Typically, a lender might lend up to 75 percent of a property’s value but “if there is a fear that property values may contract, lenders will be pulling back on the amount they are willing to lend, the percent of the property value they are willing to lend. We have already seen that beginning to happen,” he said.

The amount of cash reserves available will also go up. “When you make a loan, typically you want to see that a borrower has a certain amount of cash available to make payments on loans. Those numbers are going to expand and will require a little more money out of fear of the economy contracting,” Page added.

On the upside, Page said he hasn’t seen any lenders pulling back or being unwilling to lend. They are “just being cautious and understandably so,” he said. “At a time like this where business owners, commercial property owners might need to shore up their cap reserves to accommodate a slowdown in their business, being able to pull cash out of their real estate is going to be the cheapest money available, compared to small business loans or unsecured loans. I think we are likely to see an uptick of people leveraging their equity in commercial real estate to weather out the tough times.”

Restaurants and hotels are the hardest hit asset classes currently, with some lenders having a 30-day hiatus on being willing to lend to those types of properties, Page said.

He said that if he were a small business owner who owns a business or commercial property, he would consider refinancing right now to pull equity out of the property to be able to weather those storms. 

Jamie Woodwell, vice president of commercial real estate research for the Mortgage Bankers Association, said that coronavirus fears started to creep into the industry two weeks ago when financial and capital markets shifted from viewing the virus as something outside of the United States that could disrupt supply lines to the potential impacts here at home now that the virus has made an appearance. 

“A week ago, we saw oil disruptions added to those concerns and oil prices dropping pretty significantly and that raised another set of concerns for the markets broadly,” Woodwell said. The Fed stepped in and cut rates and then on Sunday, cut rates again.

“It is an incredibly fast-moving environment in the U.S. and that is impacting commercial real estate finance just as it is impacting other parts of the market. Lenders and originators and services are all working through this time in real time to look at what is happening in capital and property markets and make sure they are responding appropriately,” he said.

On the commercial real estate finance side, there are many different capital sources. Mortgages can come from life insurance companies, banks, government lenders such as Fannie Mae and Freddie Mac and each is tied differently to the capital markets so each one is responding a little bit differently as well, he said. The situation is also unfolding in different ways in different metropolitan areas, which adds an additional layer of uncertainty for the market.

Page said that the other side of the funding coin is institutional money. He believes with the hits the stock market has taken over the past couple of weeks, many institutional investors will turn to more solid assets such as real estate. 

“Real estate is historically a safer investment,” he said. If there ends up being more competition for that money, rates could go lower because there is more competition on those loans, he said. And that response would have very little to do with Fed fund rates.

Over the past couple of weeks, the commercial mortgage-backed security market has seen investors in CMBS bonds increasing the spreads they needed to be paid between the 10-year Treasury, which is a risk-free rate, and the MBS bond. “They were really requiring higher spreads to invest in those bonds,” Woodwell said.

The Fed’s decision to lower interest rates for the second time in the past couple of weeks, and its commitment to buy $700 billion in treasuries and mortgage-backed securities, will ensure that these get paid off sooner and then new bonds can be issued, Nalezny said. 

Nathan Klein, partner and commercial brokerage manager for LC Real Estate Group LLC in Loveland, said that there has been “no obvious direct impact” on his business because of coronavirus. “I think what we’re hearing is that our tenants and clients, everyone is just trying to figure out the best way to go. Because there’s not a local outbreak really, we have one case and a couple in Weld County, as far as locals are concerned, everyone is just trying to be prudent and responsible.”

He said that his company’s retail clients will be the most directly affected in the short-term because people aren’t going to restaurants or taking their children to various service providers. On the office and industrial side, so far everyone is still in business and moving forward, he said. 

Interest rates “are tremendous. I know we’ve encouraged our clients to talk to their banks and look for opportunities for savings,” Klein said. 

He believes that the commercial side of the real estate market won’t begin to experience problems for another couple of months. 

“It will depend on whether this is a short-term blip or a long-term impact,” Klein said. He said that coronavirus happening when it did, during spring break, when many people were already planning to travel and be out of the office, was good timing because it will have less of an impact in the short-term. 

Klein said the most interesting thing to come out of coronavirus for his business has been putting force majeure clauses in the company’s development contracts. That means that if the City Council gets canceled because of the virus and contracts can’t get approved, the contracts themselves won’t be canceled.  

“We’ve never had a contract with a force majeure clause tied to a specific virus before,” he said. But it makes sense since any projects requiring public hearings are going to be delayed in the current climate.

  

Northern Colorado Industrial Properties for Sale: March 2020

Monday, Mar 30, 2020

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Commercial Real Estate Remains Strong

The summer is always good for real estate markets – both commercial and residential. There is definitely reason for caution, as this summer doesn’t forecast to by “typical” by any stretch of the imagination. However, Northern Colorado has proven to have robust commercial real estate that has been growing much faster than other parts of the county.

This makes 2020 still an attractive time to buy commercial real estate, and much like speculation on the stock market, it may even be a good time for investors to find diamonds in the rough. There may be a lot of weariness in the market that could result in less offers and interest on otherwise great investments. It’s no secret that Northern Colorado is growing in both population and cost. Population seems to be outpacing cost recently, which means we may yet see rising cost to catch up with increasing population in cities like Windsor, Loveland, and Johnstown.

Even if you aren’t looking to make a buying decision at this moment, or your portfolio doesn’t allow for it, it is still a fantastic time to be exploring opportunities for future growth and long-term real estate investments in Northern Colorado!

The Front Range is Growing

If you’ve been paying attention, it’s not hard to realize that the Front Range in Colorado is growing. However, it may be surprising to know exactly how fast it is growing. One stat that we love is that six of the top ten fastest growing cities are on the Front Range. Johnstown is notable among these cities with over 60% population growth in the five years between 2012 and 2017.

Large-scare commercial developments only look to continue this trend up and down the Front Range, from Timnath and Windsor to Johnstown and Erie.

Northern Colorado Retail for Sale

Warehouse Condos, Fort Collins
1331 Red Cedar Circle, Fort Collins, CO 80524
Sale Price: $4,103,344
Price/SF: $138.23
Total SF: 29,684
Cap Rate: -

Listing Office: NAI Affinity

Overview
Large warehouse condos for sale or lease in north Fort Collins, located just one block east of College Avenue (Highway 287). Location provides quick access to Downtown Fort Collins and minutes to Interstate 25. The building is equipped with 3 dock-high doors, 4 grade level overhead doors, functional clear span and clear height. Nearby businesses and amenities include: King Soopers, Jax Outdoor Gear, numerous restaurants, retailers and automotive services, breweries such as New Belgium Brewing Co., Odell Brewing Co., Red Truck Brewing Co., the Poudre River Trail and more.

 

Greeley Warehouse Space
Greeley, CO 80634
Sale Price: $7,995,000
Price/SF: $133.41
Total SF: 59,926
Year Built: 1989
Cap Rate: -

Listing Office: B&B Local Construction, LLC

Overview
Large warehouse available in northwest Greeley.

 

Loveland Class C Warehouse Building
Loveland, CO 80537
Sale Price: $6,925,000
Price/SF: $125.00
Total SF: 55,400 SF
Year Built: 1995, Renovated in 2008
Cap Rate: -

Listing Office: CBRE

Overview
Warehouse space available in the heart of east Loveland, quick access to both Highway 34 and I-25 for visibility and commuting!

 

For more information regarding the above retail opportunities or LC Real Estate Group retail listings, please contact Nathan Klein (970) 667-7000 x102 or Jerico Devlin (970) 667-7000 x109 . Search Retail Space For Lease in Fort Collins, Loveland, Greeley, and more using our search tool (https://lcrealestategroup.com/commercial-real-estate)

Northern Colorado Industrial Properties for Lease: March 2020

Monday, Mar 30, 2020

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Commercial Property Leasing Northern Colorado

For many businesses in Northern Colorado, there is a lot of uncertainty with the coronavirus sweeping the nation and uncertainty at what the future holds for small businesses. This has potential to cause some ripples into the commercial real estate sector as well, as some business owners may be hesitant to commit to leasing property.

The reality is, however, that vacancy rates remain extremely low here in Northern Colorado. This includes all of the cities up and down the Front Range, including Fort Collins, Loveland, Greeley, Windsor, and Johnstown, among others. There’s no indication that the current situation will have an effect on population growth and migration. Even if these trends are put on hold, they remain just that: trends. Growth should continue to remain high in Northern Colorado when it comes to population and commercial real estate.

As we have mentioned before, much of the commercial inventory in Fort Collins is brought on by technology and manufacturing companies, but retail could see opening heading into the summer of 2020. We have stressed that you should be flexible with the location of your business as inventory remains tight, but there should be plenty of opportunity in different cities throughout the remainder of the year.

Commercial Growth in Northern Colorado

Northern Colorado remains a hotbed for commercial growth and residential growth alike.  Development continues into the summer of 2020, with new commercial developments in Fort Collins, Johnstown, Loveland, and Windsor. The entire I-25 corridor is growing, and it’s growing fast. If you’re an investor looking to buy commercial real estate, there’s no reason not to be considering buying right now.

In terms of leasing, rates have been steadily rising, though there may be some leveling with the uncertainty surrounding small business operation across Northern Colorado (and the nation as a whole). In terms of future planning, Loveland, Windsor, and other smaller areas like Berthoud and Timnath are intriguing areas to consider – with new growth plans popping up all the time.

Northern Colorado Industrial Properties for Lease

Greeley Industrial Park
1st Avenue & HWY 34, Greeley, CO
Lease Rate: $13.00/NNN
Sq. Ft. Available: 1,500 – 54,000 SF
Available: Now
Primary Leasing: Realtec Commercial Real Estate Services

Overview

Located on 20th St in Greeley, CO – this office space is located in the heart of Greeley. Many nearby residential and commercial districts, including Aims Community College, and Highway 34.

 

Loveland Class B Industrial
TBD Viking Way
Lease Rate: Variable
Sq. Ft. Available: 15,000 – 122,807 SF
Available: October - December 2021
Primary Leasing: CBRE

Overview

This proposed industrial park has three available buildings with any amount of space that is needed. Located in the heart of Loveland, CO with easy commuting access.

 

Fort Collins Class A Industrial
4015 John Deere Dr, Fort Collins, CO 80524
Lease Rate: $12.00/NNN
Sq. Ft. Available: 15,000 SF
Available: October 2020
Primary Leasing: The Group, Inc.

Overview

This industrial building is located just off the I-25 corridor in North Fort Collins, perfect for small business with access to 3 exterior loading docks and ample square footage.

 

For more information regarding the above retail opportunities or LC Real Estate Group retail listings, please contact Nathan Klein (970) 667-7000 x102 or Jerico Devlin (970) 667-7000 x109 . Search Retail Space For Lease in Fort Collins, Loveland, Greeley, and more using our search tool (https://lcrealestategroup.com/commercial-real-estate)

Northern Colorado Commercial Properties for Lease: March 2020

Saturday, Mar 07, 2020

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Leasing Commercial Property in Northern Colorado

If you’re a business looking to lease office or retail space in Northern Colorado, it may be time to consider acting. Vacancy rates with commercial properties in Fort Collins and other cities on the Front Range remain at historic lows. Combined with population growth that is higher than the national average, and you have a recipe for a very competitive commercial leasing market!

While growth rates remain high, leasing costs are not rising quite as fast in Fort Collins, Loveland, and Windsor. Much of the new growth in Fort Collins is being gobbled up by technology and manufacturing companies – but retail might some availability as we head into the summer of 2020.

Fort Collins inventory remains tight, but there are still a lot of new commercial developments going up in Northern Colorado. If you are flexible with the location of your business, you might want to look in surrounding areas such as Loveland, Greeley, and even as far south as Johnstown. New developments and growth are creating a lot of leasing opportunities at potentially lower costs than Fort Collins.

Financial Health of Northern Colorado

Most of us that live here in Northern Colorado are well aware that the area is growing extremely fast, both in population and residential/commercial developments. As we have mentioned before, there are a lot of new commercial developments in Fort Collins, including the Foothills Mall in Fort Collins, the Johnstown Plaza, and areas around the Centerra-submarket at the intersection of I-25 and US 34.

If you’re not quite ready for your business to make a move, or you’re planning on starting a business in 2021, keep an eye on Windsor and Loveland. Both cities are set to undertake large commercial developments in the next couple of years, and may be suitable places to find commercial property to lease – either in new spaces or spaces vacated by businesses that are upgrading.

Northern Colorado Retail Properties for Lease

Greeley Class B Office Space
5124 20th St Greeley, CO 80634
Lease Rate: $19.00/NNN
Sq. Ft. Available: 5,100 SF
Available: September 2020
Primary Leasing: Wheeler Properties, Inc

Overview

Located on 20th St in Greeley, CO – this office space is located in the heart of Greeley. Many nearby residential and commercial districts, including Aims Community College, and Highway 34.

 

Loveland Class B Office
4065 St. Cloud Dr, Loveland, CO 80538
Lease Rate: $21.00/NNN
Sq. Ft. Available: 1,977 – 2,057 SF
Available: June 2020
Primary Leasing: Cushman & Wakefield

Overview

Up to 4 office spaces available in this new Loveland office development. Located just off the I-25/US 34 intersection with high visibility and easy access to commuting from anywhere on the Front Range.

 

Fort Collins Class A Office
221 E Mountain Ave, Fort Collins, CO 80524
Lease Rate: $24.00/NNN
Sq. Ft. Available: 3,000 – 16,311 SF
Available: August 2020
Primary Leasing: CBRE

Overview

This proposed office space is right in the heart of Old Town Fort Collins on Mountain Ave. Visibility and access to this office couldn’t be better in Fort Collins!

 

For more information regarding the above retail opportunities or LC Real Estate Group retail listings, please contact Nathan Klein (970) 667-7000 x102 or Jerico Devlin (970) 667-7000 x109 . Search Retail Space For Lease in Fort Collins, Loveland, Greeley, and more using our search tool (https://lcrealestategroup.com/commercial-real-estate)

 

Northern Colorado Commercial Properties for Sale: March 2020

Saturday, Mar 07, 2020

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Warmer Weather Brings Good Opportunity

Spring is here! Warmer weather is just starting to hit us, which also means that the real estate market is about to heat up for the year as well. Even though typically the trend is that residential real estate sales go up during the summer – the same could be said for commercial real estate in Northern Colorado as we head into the spring and summer of 2020.

Growth across Northern Colorado remains extremely strong in 2020. Fort Collins, Loveland, Windsor, Timnath, and Greeley are all growing in both population and cost. The relationship between these two growth rates, however, means that it is a great time to seek real estate opportunities. Population seems to be growing faster than cost, which could mean that the market has yet to catch up to the true cost of real estate.

This makes 2020 an attractive time to search commercial real estate, even if the market plateaus in the coming months and years. Commercial growth and population growth don’t appear to be in any danger in Colorado, especially on the Front Range.

Johnstown is Booming

We have mentioned this one before. If you’re one that is paying attention to the markets across the Front Range, you would have noticed by now that Johnstown is the fastest growing area in Northern Colorado. The population grew over 60% in the period between 2012 and 2017, and the trend looks to continue, in large part due to the completion of large-scale commercial developments.

In addition to just Johnstown, six of the top ten fastest growing cities are located on the Front Range. As long as this trend continues (and, there’s no indication it will slow down), Northern Colorado remains an attractive area to seek out commercial real estate.

Northern Colorado Retail for Sale

Skypond Building, Centerra Promanade
Centerra Shopping Center, Loveland, CO 80538
Sale Price: $9,600,000
Price/SF: $324.44
Total SF: 29,589
Year Built: 2009
Cap Rate: 6.90%

Listing Office: Realtec Commercial Real Estate Services

Overview
Truly a great property that embodies the highest quality asset in the Centerra sub-market. This building boasts top of the line interior finishings and superior architecture and is located right at the heart of the I-25 and US 34 intersections. The building is walking distance from ton of shopping and restaurants, and with ease of access to I-25, is extremely attractive to top employers.

 

Timberline Office Park
Timberline Rd Fort Collins, CO 80528
Sale Price: $5,800,000
Price/SF: $191.05
Total SF: 30,359
Year Built: 2004
Cap Rate: 5.34%

Listing Office: The Group, Inc.

Overview
Quality office investment opportunity located in the South Central area of Fort Collins. The office is in the coveted Caribou Office Park with full capacity leased units. The office is located within one mile of dozens of different residential and commercial office parks.

 

Greeley Office Space
NWC 58th/13th Greeley, CO 80634
Sale Price: $3,100,000
Price/SF: $152.94
Total SF: 20,269 SF
Year Built: 1998
Cap Rate: 7.12%

Listing Office: Black Diamond Commercial Real Estate, LLC

Overview
This office building is 100% occupied with contracted tenants. The building has an additional 3,100 square feet of storage space not included in NOI available to lease as a value-add opportunity.

 

For more information regarding the above retail opportunities or LC Real Estate Group retail listings, please contact Nathan Klein (970) 667-7000 x102 or Jerico Devlin (970) 667-7000 x109 . Search Retail Space For Lease in Fort Collins, Loveland, Greeley, and more using our search tool (https://lcrealestategroup.com/commercial-real-estate)

 

Northern Colorado Commercial Properties for Lease

Monday, Feb 10, 2020

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Northern Colorado Retail Leasing Market

Commercial real estate in Northern Colorado is perhaps stronger than it has ever been, with historic lows in vacancy and demographic trends that outpace the national averages. Because of this, the market is a prime location for new retail, and potential businesses must act quickly to secure leases. While the population growth has grown steadily and commercial growth has grown to match it, retail spaces are being gobbled up very quickly by large and small business alike.

Even though growth is skyrocketing, leasing costs are only steadily increasing in Fort Collins and across Northern Colorado. Manufacturing and technology companies account for much of the new growth in Fort Collins, but across Northern Colorado, retail availability may be opening up.

New developments in Loveland, Greeley, and Johnstown particularly, are opening up opportunities for businesses up and down the Front Range. Population growth and economic health remain strong as there is a constant influx of new people and businesses looking to invest in the future of the Front Range.

Growth and Stability on the Front Range

Northern Colorado is extremely strong economically, and that strength has definitely impacted the commercial real estate and retail market as well. New inventory rates are at 3.5% in Fort Collins - one of the highest in the entire nation. New retailers are entering the market with new retail developments such as the Foothills Mall in Fort Collins and the new Johnstown Plaza in Johnstown.

Six of the top ten fastest growing cities in Colorado are on the Front Range, and both commercial and residential development along the Front Range continues to soar since 2018. For businesses that are still looking for retail space, both Windsor and Loveland are seeking to undertake large-scale commercial development in the coming years to meet the increasing demands of a growing population.

Northern Colorado Retail Properties for Lease

Loveland Mixed Use Retail Space
400 Garfield Avenue, Loveland CO 80537
Lease Rate: $18.00/NNN
Sq. Ft. Available: 994 - 2,484 SF
Available: January 2021
Primary Leasing: RE/MAX Alliance-Loveland

Overview

Located right on Garfield Avenue, the main street that runs through the heart of Loveland. Available spaces from 686 SF – 2,484 in 8 spaces.

 

Downtown Fort Collins Retail Space
401 Linden St, Fort Collins, CO 80524
Lease Rate: $16.50-$27.75/NNN
Sq. Ft. Available: 1,281 – 3,977 SF
Primary Leasing: Waypoint Real Estate, LLC

Overview

This property is located in central Downtown Fort Collins with extremely high foot traffic and visibility.  Linden street has always been a highly popular area in Old Town Fort Collins, with many boutique shops and restaurants nearby.

 

Greeley Retail Spaces
4239 Centerplace Dr, Greeley, CO 80634
Lease Rate: $16.00-$25.00/TBD
Sq. Ft. Available: 1,700 – 10,000 SF
Primary Leasing: PB Roche Solutions

Overview

These retail spaces will be available just off of Highway 34 in Greeley located near some of the largest retail chains in Greeley including Best Buy, Kohl’s, Target, Safeway, TJ Maxx, and with many surrounding residential developments.

 

For more information regarding the above retail opportunities or LC Real Estate Group retail listings, please contact Nathan Klein  (970) 667-7000 x102 or Imran Bhimani  (970) 518-7704. Search Retail Space For Lease in Fort Collins, Loveland, Greeley, and more using our search tool (https://lcrealestategroup.com/commercial-real-estate)

Call or Text Wayne at (303) 588-8808
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