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Alpine Investment Group Sells 56,214 Square Foot Retail Center In Fort Collins For $12.1M

Property Image
SOLD
$12,100,000
Jason Schmidt
Austin Snedden

Colorado

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Retail56,214 SF
Sold 06/10/2026
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Property Image
SOLD

Alpine Investment Group Sells 56,214 Square Foot Retail Center In Fort Collins For $12.1M

2100 West Drake Road

See Similar Deals
Retail56,214 SF
Sold 06/10/2026
Jason Schmidt
Austin Snedden
the dealplayerscompscontact
Contact now

Summary

COLORADO
Asset Type:Retail
Price Per Square Foot:$215
Total Square Footage:56,214 SF
Transaction Type:Sale

Drake Crossing is a retail center located at 2100 West Drake Road, Fort Collins, CO, which encompasses 56,214 square feet. The property was sold for $12,100,000, translating to a price per square foot of $215. At the time of the sale, it was reported to be 96% leased.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $12,100,000
  • Address: 2100 West Drake Road
  • Market: Fort Collins, CO
  • Square Footage: 56,214
  • Price per Square Foot: $215
  • Seller: Alpine Investment Group
  • Brokers: Jason Schmidt & Austin Snedden - JLL

JLL Capital Markets played a crucial role in brokering the transaction, facilitating the sale on behalf of the seller. The brokerage firm, known for its expertise in capital markets, engaged its resources to ensure a successful deal for all parties involved in the transaction.

Players

Jason Schmidt
JLL
Jason Schmidt
12 deals$193.9M volume
BROKER
Austin Snedden
JLL
Austin Snedden
6 deals$103.8M volume(303) 515-8040
BROKER
AG
Alpine Investment Group
SELLER

Details

SOLD
IMAGE: 06/10/2026 ADDRESS: 2100 West Drake Road MARKET: Fort Collins, CO ASSET TYPE: Retail SELLER: Alpine Investment Group BROKERS: Jason Schmidt & Austin Snedden - JLL SALE PRICE: $12,100,000 SF: 56,214 - PPSF: $215 NOTE: JLL Capital Markets brokered the $12.1 million sale of Drake Crossing, a 56,214-square-foot retail center in Fort Collins that was 96% leased at the time of sale.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$645,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,988.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,360.17
Annual Debt Service$688,322.08