Fort Collins, CO, September 11, 2023 – SVN | Denver Commercial is pleased to announce the sale of 600 S Shields St in Fort Collins. The 9460 sq. ft. specialty (church) property was sold for $ 772,200.00.
Jack Reilly and Steve Kawulok with SVN | Denver Commercial facilitated the transaction between American Baptist Church, the seller, and Voice Of Truth Tabernacle, the buyer. The property will continue to be used as a church. Much of the previous church’s furniture, fixtures and equipment also transferred in the sale.
All sale proceeds will be donated to different charities in the community. The Seller has ceased operations in Fort Collins.
According to Kawulok, “The offering had immediate and unprecedented interest from more than a dozen churches. While it was priced attractively, it did present challenges as a 50-year-old property. The Buyer intends to use the church ‘as-is’ and can adapt to work with the challenges over time. Many church organizations saw this opportunity as a strategy to locate in the center of Fort Collins and be close to Colorado State University. There are very few options for churches in that sector of the city. The Seller approached the offering not out of a profit motivation. Rather, it serves as a legacy transaction that helped them in their final charitable giving plans, as the church itself sunsets its long history at the location. We were pleased and honored to help the American Baptist Church in this final phase of community service.”