Value Add Med. Office – UC Poudre Hospital Adjacent

Description:

Ri Marketplace Online Auction December 8th-10th, 2025
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https://rimarketplace.com/commercial/search/lt=auction?utm_source=hs_email&utm_medium=email&utm_campaign=lg&utm_content=multifamily_2909

Marcus & Millichap is pleased to present a rare opportunity to acquire a two-building medical office portfolio located within the Lemay Avenue Medical Corridor in Fort Collins, Colorado. The portfolio includes 1020 Luke Street, a 6,052-square-foot multi-tenant medical office building constructed in 1986, and 1032 Luke Street, an 8,644-square-foot recently renovated medical office building originally built in 1970. Together, the properties offer a combined 14,696 square feet of medical office space across 0.56 acres, directly across from Poudre Valley Hospital and adjacent to a $100 million UC Health renovation project.

Both properties are ideally suited for owner-users or investors seeking a strategic location in a thriving medical hub. 1020 Luke Street features four suites, three of which are currently leased to medical and professional tenants, with one 1,302-square-foot suite available for lease. The building offers strong in-place income with a pro forma net operating income of $75,584. Meanwhile, 1032 Luke Street is fully vacant, offering flexible leasing options across three suites ranging from 1,340 to 4,175 square feet. The building has undergone recent renovations and includes upgraded medical finishes, ADA-compliant restrooms, and exam rooms equipped with sinks and medical-grade infrastructure.

Both buildings are zoned E – Employment, allowing for a wide range of medical and professional uses. They benefit from excellent visibility, accessibility via major thoroughfares including I-25 and Highway 287, and proximity to Old Town Fort Collins, restaurants, and retail amenities. This portfolio represents a compelling opportunity to acquire well-located, high-quality medical office assets in one of Colorado’s most dynamic healthcare markets.


Lamar P. Fisher
Fisher Auction Company Inc.
License: Internet Auctions Exempt from Licensing
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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