Waypoint managed group buys commercial building in Fort Collins

Editor’s note: This story was edited to clarify ownership of the buyer organization.

FORT COLLINS — An ownership group managed by Waypoint Real Estate commercial real estate has purchased a commercial building at 225 N. Lemay Ave. in Fort Collins. The 15,750-square-foot property sold for $2.4 million.

Nick Norton of Waypoint represented the buyers, who organized under the entity 225 N. Lemay LLC to buy the property. 225 N. Lemay LLC, which includes Wayside brokers with majority members not affiliated with Wayside, is registered to Waypoint Asset Management Group LLC.

Steve Kawulok with SVN |Denver Commercial represented seller K-Venture Properties LLC. K-Venture Properties is an entity registered to Steve Kawulok.

The property is a six-tenant flex building east of downtown Fort Collins. K-Venture developed the building in 1995 and operated it until it was sold. It was valued by the county at $1.7 million.

Tenants include Snowbank Brewery, Paws ‘n Claws Veterinary Clinic, Roth Medical, Encore Electric, Fitness 44 Training and Luminis Creo animation group.  In August, Waypoint will relocate its maintenance operations to occupy the remaining vacancy in the building, Waypoint broker Josh Guernsey said.

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