Cushman & Wakefield recently arranged the sale of 1500 Monroe Avenue, a 53,000-square-foot property formerly utilized by Thompson School District in Loveland. The final sale price was $5 million.
Cushman & Wakefield’s Travis Ackerman and Berkshire Hathaway’s Jack Tretheway represented the seller, Thompson School District, in the transaction. The property was acquired by St. John Paul II High School.
“This transaction underscores the strategic location and strong investment potential of the property at 1500 Monroe Avenue,” said Ackerman. “Its proximity to major highways and well-maintained condition make it an excellent asset for St. John Paul II High School. We’re excited to see how they thrive in this space and continue building their legacy.”
Built in 1963, the property is situated on 6.63 acres. The building offers excellent accessibility, located right off Highway 34 near Highway 287 and less than five miles from I-25.
Loveland is a growing city with a population of over 80,000. The area has seen significant commercial development, particularly around the I-25 and U.S. Highway 34 intersection, which has become a primary commercial hub in northern Colorado.
The property is in proximity to shopping centers like the Promenade Shops at Centerra and the Outlets at Loveland, as well as the Budweiser Events Center and the Medical Center of the Rockies. Loveland’s urban living appeal is enhanced by its downtown corridor, historic homes, and a strong retail presence, making it an attractive location for both residents and businesses.
