RE/MAX Commercial Alliance is pleased to present the opportunity to purchase this well tenanted and diverse investment offering. The Glick Brothers Business Park is comprised of retail and warehouse building types and operates as an investment property with 26 tenants.
1823 -1833 E Harmony Road is situated on 4.66 acres of land. The site has a premium location as it offers easy access off two major arterials in Fort Collins, Harmony Road and Timberline Road, with an average combined vehicle count of 78,775 vehicles per day. The site is located in the highly desired southeast Fort Collins area as Harmony Road is the primary gateway into Fort Collins from Interstate 25. Therefore, the location attracts activity from the greater Northern Colorado area, including Loveland, Windsor, Greeley, and Johnstown which greatly benefits tenants within the center. Due to the premium location land values in the neighboring area are on the higher end of market.
1823 E Harmony Road was originally built in 1974. The property contains 106,160 SF and is a mix of retail and warehouse with Harmony Road monument signage exposure. 1833 E Harmony Road was originally built in 1974 with a major remodel in 2006 and façade remodel in 2016. The property is 11,680 SF and is premium retail providing extremely high exposure to tenants. Overall improvements to 1823-1833 E Harmony Road include a new roof, with a value of $1.2M in 2016, HVAC updates, and 6 new restrooms.
Diverse Tenant Mix
The historical vacancy of the subject property is low due to the premium location of the property. The property is easily tenanted and attracts a wide variety of uses. The property has many long term renters and is ideal for the risk adverse investor.