Denver University Center Trades Hands

University Center in Fort Collins outside of Denver has traded hands for $23.8 million. CIM Group sold the property to an unnamed entity.

Located at 2201 South College Avenue in Fort Collins, University Center totals 68,334 square feet on 6.46 acres. The building is 100% leased to two tenants: a natural foods grocery chain and Wilbur’s Total Beverage. The single-story building is attached to the north end of a larger shopping center, where several national name brand retailers reside, including King Soopers, Big 5 Sporting Goods, Office Max and Performance Bicycle.

CBRE’s Brad Lyons, Mike Winn and Tim Richey represented the seller in the deal.