No bleeds Nexus OM 5999 S. Windermere updated 3.8

OFFERING MEMORANDUM

For More Information Contact

JASON KOCHCo-Founder/Principal

303.918.8909 | [email protected] |

ADAM RIDDLECo-Founder/Principal


5599 S. WINDERMERE STLITTLETON, CO 80120

Property Overview

Property Photos

Maps

Financials

Sold Comparables

Location Overview

Demographics

The Nexus People

TABLE OFCONTENTS


| 303.257.7627 | [email protected]

JASON KOCHCo-Founder/Principal | 303.918.8909 | [email protected]

PROPERTYOVERVIEW

PROPERTY OVERVIEWProperty Name: Ocelot Apartments

Address: 5599 S. Windermere St

Littleton, CO

Units: 35

Building SF: 19,938 SF

Parking: 37 Spaces

Land: 25,570 Sq-Ft

Zoning: APT Multi-Units (9+)

Year Built: 1971

Year Renovated: 2017

SYSTEMSGas/Elec Meters: Master/Individual Water: MasterTrash: RepublicRoof: FlatHeating: BoilerCooling: Wall Units

Purchase Price

Per Unit

Price Per SF

$4,850,000

$138,500

$243

INVESTMENT SUMMARY

Solar panels which lower tenant electric bills

New landscaping and exterior paint

Substantial metal work done to stairs

INVESTMENT HIGHLIGHTSMostly updated units

Close proximity to downtown Littleton

and light rail




Purchase Price:

Units:

Price Per Unit:

Total SF:

Price Per SF:

T6 Cap Rate:

Year 1 Cap Rate:

Year 1 Cash Flows:

$4,850,000

35

$138,500

19,938

$243

5.60%

6.05%

$129,424

INVESTMENT SUMMARY

Loan to Value:

Loan Amount:

Loan Term:

Interest Rate:

Interest Only Period:

Amortization:

75.00%

$3,640,000

30

4.50%

None

30 Years

DEBT SUMMARY

INVESTMENTSUMMARY




PROPERTYPHOTOS

Mostly updated units

Close proximity to downtown Littleton

and light rail




PROPERTYPHOTOS




PROPERTYPHOTOS




PROPERTYAERIAL

W POWERS AVE

S WIN

DERM

ERE




PROPERTY OVERVIEW

Area Map

LITTLETONSUBMARKET



SEAN HOLAMON Investment Advisor | 806.789.9799 | [email protected]




RENT ROLLANALYSIS

Unit Type

1 bed, 1 bath

2 bed, 1 bath

Unit Amount

34

1

Unit SF

544

725

Current Ave. Rent

$875

$1,200

Current Rent / SF

$1.61

$1.66

Market Rent

$945

$1,250

Market Rent / SF

$1.74

$1.72

UNIT SUMMARY:




FINANCIALS

REVENUE

Gross Potential Revenue

Vacancy

Rental Revenue

Expense Reimbursements

Other Residential Income

Effective Gross Revneue

EXPENSES

Repairs and Maintenance

Utilities

Insurance

Real Estate Taxes

Property Management

Admin and Other

Total Expenses

Expenses Per Unit

Net Operating Income

Cap Rate

Debt Service - Yr 1

Total Cash Flow

Cash on Cash Return

T12 Annualized

$371,795

($18,545)

$353,250

$17,974

$24,648

$395,909

($37,490)

($23,024)

($14,000)

($14,235)

($18,176)

($17,557)

($124,482)

($3,556)

$272,472

5.60%

($163,800)

$108,672

8.98%

Year 1

$399,960

($19,998)

$379,962

$0

$42,624

$422,586

($42,000)

($22,029)

($14,000)

($14,235)

($18,176)

($18,922)

($129,362)

($3,696)

$293,224

6.05%

($163,800)

$129,424

10.70%

Year 2

$441,959

($20,598)

$391,962

$0

$43,903

$435,264

($43,260)

($22,690)

($14,420)

($14,662)

($18,721)

($19,490)

($133,243)

($3,807)

$302,021

6.23%

($221,320)

$80,701

6.67%

Year 3

$424,318

($21,216)

$403,102

$0

$45,220

$448,321

($44,558)

($23,371)

($14,853)

($15,102)

($19,283)

($20,074)

($137,240)

($3,921)

$311,081

6.41%

($221,300)

$89,781

7.42%INC

OM

E

ST

AT

EM

EN

T




SOLDCOMPARABLES

Address

5599 S. Windermere St

1800 Fenton St, Denver

3540 S Pearl St, Englewood

3201 S Sherman St, Englewood

5995 W 29th Ave, Wheat Ridge

# Comp

SUBJECTPROPERTY

1

2

3

4

Units

35

13

41

11

12

Building SF

19,938

13,096

34,660

7,980

7,505

Sale Price

$4,850,000

$1,850,000

$5,650,000

$1,510,000

$1,700,000

Price Per Unit

$138,500

$142,308

$137,805

$137,273

$141,667

$139,763

Price Per Foot

$243

$141

$163

$189

$227

$180

Cap Rate

6.05%

4.00%

5.45%

5.57%

6.10%

5.28%

1

23

Averages

4




Downtown Denver and features Main Street lined with turn-of-the-century buildings that house some of the metro area’s most unique, independently owned businesses.

quaint restaurants and bars.

showcases the town’s historic agricultural roots with two working farms.

western week, sidewalk sale, zombie crawl, pig roast, candlelight walk, and

professionally produced live theatre, concerts, other cultural events and year

PROPOSAL TO MARKET

DOWNTOWN LITTLETON




DENVER GROWTH

PROPOSAL TO MARKET

Ranked as the top place to live in the U.S. by U.S. News & World Report, the city of Denver is home to over 693,000 residents (as of July 2016). An

people moving to the area each year, as this number is expected to grow by

growth throughout the metro. Some current projects include:

9-story office building and 6 story parking structure.Skyhouse Denver, a 354-unit apartment with street level retail.

tower and a separate hotel tower.

would be the largest developed in Denver since 1985.




LIGHT RAIL

PROPOSAL TO MARKET




DENVER INTERNATIONAL AIRPORT

PROPOSAL TO MARKET




2017 Summary

Population

Households

Families

Average Household Size

Owner Occupied Housing Units

Renter Occupied Housing Units

Median Age

Median Household Income

Average Household Income

2022 Summary

Population

Households

Families

Average Household Size

Owner Occupied Housing Units

Renter Occupied Housing Units

Median Age

Median Household Income

Average Household Income

1 Mile

15,771

7,578

3,446

2.05

2,444

5,134

36.8

$42,101

$55,843

1 Mile

16,849

8,064

3,650

2.06

2,604

5,460

37.4

$47,755

$64,767

3 Miles

95,439

40,477

24,196

2.33

24,083

16,394

42.0

$61,196

$90,388

3 Miles

100,709

46,672

22,678

2.08

22,063

24,609

40.9

$46,763

$67,116

5 Miles

283,388

117,134

72,334

2.39

73,550

43,584

40.5

$68,342

$98,743

5 Miles

301,637

124,416

76,472

2.40

77,779

46,638

41.2

$77,209

$110,698

5 MILES

3 MILES

1 MILE

DEMOGRAPHICS







The Nexus People

ADAM [email protected]

KIM ROYSales & Operations [email protected]

AUSTIN SMITH Investment Advisor303.868.9096 [email protected]

WALLIS HUTCHENS Office Manager 828.850.9033 [email protected]

SEAN HOLAMON InvestmentAdvisor806.789.9799 [email protected]

KEVIN WOOLSEYAnalyst [email protected]

Not your average brokers.As a team, we might not appear as your typical brokerage - and that’s by design. Even though we’ve been in the industry for more

than two decades, we are as enthusiastic, energetic and collaborative as when we first started. At Nexus, there is no internal competition because our purpose is aligned. This reduces internal competition and makes us more productive on a per

broker/agent basis. We love coming to work everyday because we love helping our clients achieve their goals. You might find us in jeans instead of slacks, outside meeting people instead of in our office. We do things differently because we are different.

JASON KOCH Co-FounderPrincipal 303.918.8909 [email protected]

SHANNON LACKEYExecutive Assistant/Transaction Coordinator 707.332.5907 [email protected]

ROBERT GRAYInvestmentAdvisor713.857.3054 [email protected] Springs Office

5599 S. WINDERMERE STLITTLETON, CO 80120

For More Information Contact



JASON KOCH Co-Founder/Principal


Documents

No bleeds Nexus OM 5999 S. Windermere updated 3.8