WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
Don’t miss this incredible opportunity to bid, buy, and own this 22 unit strip center in Loveland, Colorado near I25 located on Eisenhower Blvd, one of Loveland’s busiest and best places to have your business.
Here is your diamond in the rough, being offered at an Absolute Auction with No Minimums and No Reserves, selling to the highest bidder regardless of price on December 12th at 1:07 p.m.
With the majority of the units rented you are cash flowing from day one! With this class B building you can do some updates and increase rents making it a perfect value add property. Some units have already been renovated and a new roof has been placed. There isn’t much to do to increase your earnings and make this a perfect long-term investment or turn around a sell it for a profit. .
This strip center spans just over 8,000 square feet configured into 13 leasable units and features both vacant units ready for customization and existing tenants providing an immediate income stream. The property’s mixed-use flexibility allows for a wide variety of businesses; including retail shops, office, professional services, medical offices, and more.
Key investment highlights:
• Existing tenants provide a steady cash flow, reducing initial risk for investors.
• Prime location in Loveland with excellent visibility and heavy traffic flow.
• On-site parking easily accessible from Eisenhower Blvd, ensuring consistent traffic.
• Flexible spaces ideal for retail, office, medical, and service-based businesses.
• High demand for commercial spaces in Loveland’s growing market, making this property an excellent addition to any investor’s portfolio.
Property Details:
• SELLER FINANCING AVAILABLE
• Over 8000 square foot of space
• 22- deed units configured into 13 leasable spaces
• Currently 9 leased units with 4 vacancies
• 1 live work unit, or great for large retail or office space, includes 3 bedrooms/office spaces, 2 bathrooms and kitchen. Approximately 1722 square feet.
• New roof: $70,000
• Average Annual traffic count of over 39,000 cars per day
• Average retail/office rents in Loveland are between $18-$24 a square foot.
• Taxes: $17,689
• Insurance: $4537
With Loveland’s close proximity to major cities like Fort Collins, Boulder, and Denver, this property enjoys both local and regional exposure. The area is renowned for its high quality of life, outdoor recreation, and cultural attractions, drawing a diverse population of residents and tourists year-round.
Located in Loveland, a city experiencing significant economic growth and business expansion, this strip center is strategically positioned to benefit from the area’s increasing demand for commercial spaces. As part of the fast-growing Northern Colorado Corridor, Loveland boasts a business-friendly environment and a highly diverse local economy. The commercial real estate sector has seen rising demand, particularly for retail and service-based spaces, making this property a key asset for any portfolio.
According to recent economic data, Loveland has a 5-year population growth rate of over 5.2%, with projections showing continued growth in the coming years. The city’s unemployment rate remains below the national average, and its commercial real estate vacancy rate is steadily decreasing as new businesses and residents move into the area. The median household income is also higher than the national average, reflecting a strong consumer base for local businesses.
As Loveland continues to thrive, demand for commercial properties like this one is expected to rise, making it an exceptional time to invest. Whether you're looking to expand your current business, start a new venture, or simply add a high-potential property to your investment portfolio, this strip center offers outstanding opportunity.
Don’t miss this opportunity to make a smart investment! Bid NOW and secure your place in Loveland’s growing commercial landscape.
For more detailed information about the property and the auction, please visit our website or call us today!
