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JASON KOCHCo-Founder/Principal
ADAM RIDDLECo-Founder/Principal
UNION BLOCK1501 BOULDER ST. DENVER, CO 80211
MARK WILLIFORDSr. Investment Advisor
CONFIDENTIALITY DISCLAIMERThis confidential Offering Memorandum, has been prepared by Nexus Commercial Realty for use by a limited number of qualified parties. This Offering Memorandum has been provided to you at your request based upon your assurances that you are a knowledgeable and sophisticated investor in commercial real estate projects and developments. Nexus Commercial Realty recommends you, as a potential buyer/investor, should perform your own independent examination and inspection of the property (the “Property”) and of all of the information provided herein related to the Property. By accepting this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination and investigation of the Property and you shall not rely on any statements made in this Offering Memorandum or upon any other materials, statements or information provided Nexus Commercial Realty or its brokers.
Nexus Commercial Realty makes no guarantee, warranty or representation about the completeness or accuracy of the information set forth in this Offering Memorandum. You are responsible to independently verify its accuracy and completeness. Nexus Commercial Realty has prepared the information concerning the Property based upon assumptions relating to the general economy, its knowledge of other similar properties in the market, and on other market assumptions including factors beyond the control of the Nexus Commercial Realty and the Owner of the Property. Nexus Commercial Realty make no representation or warranty as to either the accuracy or completeness of the information contained herein, and the information set forth in this Offering Memorandum in not intended to be a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be accurate, Nexus Commercial Realty and the Property Owner disclaim any responsibility or liability for any inaccuracies. Further Nexus Commercial Realty and the Property Owner disclaim any and all liability for any express or implied representations and warranties contained in, or for any omissions from, the Offering Memorandum and for any other written or oral communication transmitted or made available to you. Nexus Commercial Realty shall make available to you, as a qualified prospective investor, additional information concerning the Property and an opportunity to inspect the Property upon written request.
This Offering Memorandum and the contents are intended to remain confidential except for such information which is in the public domain or is otherwise available to the public. By accepting this Offering Memorandum, you agree that you will hold and treat Offering Memorandum in the strictest confidence, that you will not photocopy or duplicate it, or distribute it. You agree you will not disclose this Offering Memorandum or its contents to any other person or entity, except to outside advisors retained by you and from whom you have obtained an agreement of confidentiality, without the prior written authorization Nexus Commercial Realty. You agree that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the Property. If you determine you have no interest in the property, kindly return the Offering Memorandum to Nexus Commercial Realty at your earliest convenience.
TABLE OF CONTENTS
Executive Summary
Property Overview
Area Overview
Market Overview
Financial Overview
CONFIDENTIALITY DISCLAIMERThis confidential Offering Memorandum, has been prepared by Nexus Commercial Realty for use by a limited number of qualified parties. This Offering Memorandum has been provided to you at your request based upon your assurances that you are a knowledgeable and sophisticated investor in commercial real estate projects and developments. Nexus Commercial Realty recommends you, as a potential buyer/investor, should perform your own independent examination and inspection of the property (the “Property”) and of all of the information provided herein related to the Property. By accepting this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination and investigation of the Property and you shall not rely on any statements made in this Offering Memorandum or upon any other materials, statements or information provided Nexus Commercial Realty or its brokers.
Nexus Commercial Realty makes no guarantee, warranty or representation about the completeness or accuracy of the information set forth in this Offering Memorandum. You are responsible to independently verify its accuracy and completeness. Nexus Commercial Realty has prepared the information concerning the Property based upon assumptions relating to the general economy, its knowledge of other similar properties in the market, and on other market assumptions including factors beyond the control of the Nexus Commercial Realty and the Owner of the Property. Nexus Commercial Realty make no representation or warranty as to either the accuracy or completeness of the information contained herein, and the information set forth in this Offering Memorandum in not intended to be a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be accurate, Nexus Commercial Realty and the Property Owner disclaim any responsibility or liability for any inaccuracies. Further Nexus Commercial Realty and the Property Owner disclaim any and all liability for any express or implied representations and warranties contained in, or for any omissions from, the Offering Memorandum and for any other written or oral communication transmitted or made available to you. Nexus Commercial Realty shall make available to you, as a qualified prospective investor, additional information concerning the Property and an opportunity to inspect the Property upon written request.
This Offering Memorandum and the contents are intended to remain confidential except for such information which is in the public domain or is otherwise available to the public. By accepting this Offering Memorandum, you agree that you will hold and treat Offering Memorandum in the strictest confidence, that you will not photocopy or duplicate it, or distribute it. You agree you will not disclose this Offering Memorandum or its contents to any other person or entity, except to outside advisors retained by you and from whom you have obtained an agreement of confidentiality, without the prior written authorization Nexus Commercial Realty. You agree that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the Property. If you determine you have no interest in the property, kindly return the Offering Memorandum to Nexus Commercial Realty at your earliest convenience.
TABLE OF CONTENTS
Executive Summary
Property Overview
Area Overview
Market Overview
Financial Overview
CONFIDENTIALITY DISCLAIMERThis confidential Offering Memorandum, has been prepared by Nexus Commercial Realty for use by a limited number of qualified parties. This Offering Memorandum has been provided to you at your request based upon your assurances that you are a knowledgeable and sophisticated investor in commercial real estate projects and developments. Nexus Commercial Realty recommends you, as a potential buyer/investor, should perform your own independent examination and inspection of the property (the “Property”) and of all of the information provided herein related to the Property. By accepting this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination and investigation of the Property and you shall not rely on any statements made in this Offering Memorandum or upon any other materials, statements or information provided Nexus Commercial Realty or its brokers.
Nexus Commercial Realty makes no guarantee, warranty or representation about the completeness or accuracy of the information set forth in this Offering Memorandum. You are responsible to independently verify its accuracy and completeness. Nexus Commercial Realty has prepared the information concerning the Property based upon assumptions relating to the general economy, its knowledge of other similar properties in the market, and on other market assumptions including factors beyond the control of the Nexus Commercial Realty and the Owner of the Property. Nexus Commercial Realty make no representation or warranty as to either the accuracy or completeness of the information contained herein, and the information set forth in this Offering Memorandum in not intended to be a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be accurate, Nexus Commercial Realty and the Property Owner disclaim any responsibility or liability for any inaccuracies. Further Nexus Commercial Realty and the Property Owner disclaim any and all liability for any express or implied representations and warranties contained in, or for any omissions from, the Offering Memorandum and for any other written or oral communication transmitted or made available to you. Nexus Commercial Realty shall make available to you, as a qualified prospective investor, additional information concerning the Property and an opportunity to inspect the Property upon written request.
This Offering Memorandum and the contents are intended to remain confidential except for such information which is in the public domain or is otherwise available to the public. By accepting this Offering Memorandum, you agree that you will hold and treat Offering Memorandum in the strictest confidence, that you will not photocopy or duplicate it, or distribute it. You agree you will not disclose this Offering Memorandum or its contents to any other person or entity, except to outside advisors retained by you and from whom you have obtained an agreement of confidentiality, without the prior written authorization Nexus Commercial Realty. You agree that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the Property. If you determine you have no interest in the property, kindly return the Offering Memorandum to Nexus Commercial Realty at your earliest convenience.
TABLE OF CONTENTS
Executive Summary
Property Overview
Area Overview
Market Overview
Financial Overview
CONFIDENTIALITY DISCLAIMERThis confidential Offering Memorandum, has been prepared by Nexus Commercial Realty for use by a limited number of qualified parties. This Offering Memorandum has been provided to you at your request based upon your assurances that you are a knowledgeable and sophisticated investor in commercial real estate projects and developments. Nexus Commercial Realty recommends you, as a potential buyer/investor, should perform your own independent examination and inspection of the property (the “Property”) and of all of the information provided herein related to the Property. By accepting this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination and investigation of the Property and you shall not rely on any statements made in this Offering Memorandum or upon any other materials, statements or information provided Nexus Commercial Realty or its brokers.
Nexus Commercial Realty makes no guarantee, warranty or representation about the completeness or accuracy of the information set forth in this Offering Memorandum. You are responsible to independently verify its accuracy and completeness. Nexus Commercial Realty has prepared the information concerning the Property based upon assumptions relating to the general economy, its knowledge of other similar properties in the market, and on other market assumptions including factors beyond the control of the Nexus Commercial Realty and the Owner of the Property. Nexus Commercial Realty make no representation or warranty as to either the accuracy or completeness of the information contained herein, and the information set forth in this Offering Memorandum in not intended to be a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be accurate, Nexus Commercial Realty and the Property Owner disclaim any responsibility or liability for any inaccuracies. Further Nexus Commercial Realty and the Property Owner disclaim any and all liability for any express or implied representations and warranties contained in, or for any omissions from, the Offering Memorandum and for any other written or oral communication transmitted or made available to you. Nexus Commercial Realty shall make available to you, as a qualified prospective investor, additional information concerning the Property and an opportunity to inspect the Property upon written request.
This Offering Memorandum and the contents are intended to remain confidential except for such information which is in the public domain or is otherwise available to the public. By accepting this Offering Memorandum, you agree that you will hold and treat Offering Memorandum in the strictest confidence, that you will not photocopy or duplicate it, or distribute it. You agree you will not disclose this Offering Memorandum or its contents to any other person or entity, except to outside advisors retained by you and from whom you have obtained an agreement of confidentiality, without the prior written authorization Nexus Commercial Realty. You agree that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the Property. If you determine you have no interest in the property, kindly return the Offering Memorandum to Nexus Commercial Realty at your earliest convenience.
TABLE OF CONTENTS
Executive Summary
Property Overview
Area Overview
Market Overview
Financial Overview
01EXECUTIVE SUMMARY
AddressRetail 1501 - 1503 Boulder St. Denver, CO 80211
Residential
2902, 2906, 2908 & 2910 Umatilla St. Denver, CO 80211
Building: + / - 7,632 SF
Site: + / - 2,614 SF
Stories: 3
Residential Units:
4
Retail Suites: 2
Executive SummaryNexus Commercial Realty as exclusive advisor is pleased to present the opportunity to acquire Union Block, a +/- 7600 square foot mixed-use building in Downtown Denver. Situated at an irreplaceable location in the heart of the Lower Highlands neighborhood, the asset is 100% occupied and consists of four
residential units, while in the building, have separate mailing addresses of 2902, 2906, 2908, & 2910 Umatilla St.
01EXECUTIVE SUMMARY
AddressRetail 1501 - 1503 Boulder St. Denver, CO 80211
Residential
2902, 2906, 2908 & 2910 Umatilla St. Denver, CO 80211
Building: + / - 7,632 SF
Site: + / - 2,614 SF
Stories: 3
Residential Units:
4
Retail Suites: 2
Executive SummaryNexus Commercial Realty as exclusive advisor is pleased to present the opportunity to acquire Union Block, a +/- 7600 square foot mixed-use building in Downtown Denver. Situated at an irreplaceable location in the heart of the Lower Highlands neighborhood, the asset is 100% occupied and consists of four
residential units, while in the building, have separate mailing addresses of 2902, 2906, 2908, & 2910 Umatilla St.
INVESTMENT HIGHLIGHTS
AREAMAP
1501 BOULDER ST
BIKE LANES
Lower Highlands Neighborhood
Speer Boulevard
DOWNTOWN
Irreplaceable location in the heart of the Lower Highlands Neighborhood
Walking distance to some of Denver’s hottest restaurants and retailers
Stable occupancy and income
Zoned for short term rentals providing an op-
Views of Denver skyline, Riverfront Park and Commons Park.
Convenient proximity to light rail, bus lines, bike paths and I-25.
INVESTMENT HIGHLIGHTS
AREAMAP
1501 BOULDER ST
BIKE LANES
Lower Highlands Neighborhood
Speer Boulevard
DOWNTOWN
Irreplaceable location in the heart of the Lower Highlands Neighborhood
Walking distance to some of Denver’s hottest restaurants and retailers
Stable occupancy and income
Zoned for short term rentals providing an op-
Views of Denver skyline, Riverfront Park and Commons Park.
Convenient proximity to light rail, bus lines, bike paths and I-25.
INVESTMENT HIGHLIGHTS
AREAMAP
1501 BOULDER ST
BIKE LANES
Lower Highlands Neighborhood
Speer Boulevard
DOWNTOWN
Irreplaceable location in the heart of the Lower Highlands Neighborhood
Walking distance to some of Denver’s hottest restaurants and retailers
Stable occupancy and income
Zoned for short term rentals providing an op-
Views of Denver skyline, Riverfront Park and Commons Park.
Convenient proximity to light rail, bus lines, bike paths and I-25.
INVESTMENT HIGHLIGHTS
AREAMAP
1501 BOULDER ST
BIKE LANES
Lower Highlands Neighborhood
Speer Boulevard
DOWNTOWN
Irreplaceable location in the heart of the Lower Highlands Neighborhood
Walking distance to some of Denver’s hottest restaurants and retailers
Stable occupancy and income
Zoned for short term rentals providing an op-
Views of Denver skyline, Riverfront Park and Commons Park.
Convenient proximity to light rail, bus lines, bike paths and I-25.
02PROPERTY OVERVIEW
INVESTMENT SUMMARY
Purchase Price: $3,200,000
Units: 6
Price Per Unit: $533,333
Total SF: 7,632
Price Per SF: $419
Year 1 Cap Rate: 5.45%
5 Year IRR: 9.05%
02PROPERTY OVERVIEW
INVESTMENT SUMMARY
Purchase Price: $3,200,000
Units: 6
Price Per Unit: $533,333
Total SF: 7,632
Price Per SF: $419
Year 1 Cap Rate: 5.45%
5 Year IRR: 9.05%
PHOTOS1501 BOULDER STREET
PHOTOS1501 BOULDER STREET
PHOTOS1501 BOULDER STREET
PHOTOS1501 BOULDER STREET
UNIT MIX1501 BOULDER ST
Unit Type Unit Amount Unit SF Current Ave. Rent Current Rent / SF Market Rent Market Rent / SF
Retail 1 1 1,096 $2,968 $2.71 $3,288 $3.00
Retail 2 1 1,190 $3,371 $2.83 $3,570 $3.00
1 Bedroom/1 Bathroom
1 717 $1,500 $2.09 $1,650 $2.30
2 Bedroom/2 Bathroom
1 985 $1,950 $1.98 $2,200 $2.23
3 Bedroom/2 Bathroom
1 1,285 $2,495 $1.94 $2,700 $2.10
Penthouse - 3 Bedroom/2 Bathroom
1 1,867 $3,025 $1.62 $3,400 $1.82
Total / Average
6 1,190 $2,552 $2.14 $2,801 $2.35
Colorado’s premier, award-winning vapor shop providing smoking alternatives with two locations in Downtown Denver
and one in Vail.
The nations premier dog bakery franchise with over 25 locations througout the United States, Canada and Hong Kong
providing delicious and healthy treat options made on site.
AREAMAP
1501 BOULDER ST
2.2 MILES TO DOWNTOWN
Lower Highlands Neighborhood
Speer Boulevard
Highlands Neighborhood
Confluence Park
UNIT MIX1501 BOULDER ST
Unit Type Unit Amount Unit SF Current Ave. Rent Current Rent / SF Market Rent Market Rent / SF
Retail 1 1 1,096 $2,968 $2.71 $3,288 $3.00
Retail 2 1 1,190 $3,371 $2.83 $3,570 $3.00
1 Bedroom/1 Bathroom
1 717 $1,500 $2.09 $1,650 $2.30
2 Bedroom/2 Bathroom
1 985 $1,950 $1.98 $2,200 $2.23
3 Bedroom/2 Bathroom
1 1,285 $2,495 $1.94 $2,700 $2.10
Penthouse - 3 Bedroom/2 Bathroom
1 1,867 $3,025 $1.62 $3,400 $1.82
Total / Average
6 1,190 $2,552 $2.14 $2,801 $2.35
Colorado’s premier, award-winning vapor shop providing smoking alternatives with two locations in Downtown Denver
and one in Vail.
The nations premier dog bakery franchise with over 25 locations througout the United States, Canada and Hong Kong
providing delicious and healthy treat options made on site.
AREAMAP
1501 BOULDER ST
2.2 MILES TO DOWNTOWN
Lower Highlands Neighborhood
Speer Boulevard
Highlands Neighborhood
Confluence Park
03AREA OVERVIEW
DENVER HIGHLIGHTSD E N V E R M E T R O
ATTRACTIONS:
Denver Art Museum Denver Museum of Nature and Science Denver Zoo Denver Aquarium Six-Flags Elitch Gardens Hyland Hills Water World Denver Aquarium
SPORTS
Basketball: Denver Nuggets Hockey: Colorado Avalanche Football: Denver Broncos Baseball: Colorado Rockies Soccer: Colorado Rapids
*Some of this information sourced from denverpost.com
Located on the front range of the Rocky Mountains, the Denver Metro is a thriving urban epicenter famous for its breathtaking views, world-class dining, champion sports teams, exhilarating recreation, and eclectic arts and entertainment. It’s no wonder this metropolis is one of the biggest in the nation!
03AREA OVERVIEW
DENVER HIGHLIGHTSD E N V E R M E T R O
ATTRACTIONS:
Denver Art Museum Denver Museum of Nature and Science Denver Zoo Denver Aquarium Six-Flags Elitch Gardens Hyland Hills Water World Denver Aquarium
SPORTS
Basketball: Denver Nuggets Hockey: Colorado Avalanche Football: Denver Broncos Baseball: Colorado Rockies Soccer: Colorado Rapids
*Some of this information sourced from denverpost.com
Located on the front range of the Rocky Mountains, the Denver Metro is a thriving urban epicenter famous for its breathtaking views, world-class dining, champion sports teams, exhilarating recreation, and eclectic arts and entertainment. It’s no wonder this metropolis is one of the biggest in the nation!
03AREA OVERVIEW
DENVER HIGHLIGHTSD E N V E R M E T R O
ATTRACTIONS:
Denver Art Museum Denver Museum of Nature and Science Denver Zoo Denver Aquarium Six-Flags Elitch Gardens Hyland Hills Water World Denver Aquarium
SPORTS
Basketball: Denver Nuggets Hockey: Colorado Avalanche Football: Denver Broncos Baseball: Colorado Rockies Soccer: Colorado Rapids
*Some of this information sourced from denverpost.com
Located on the front range of the Rocky Mountains, the Denver Metro is a thriving urban epicenter famous for its breathtaking views, world-class dining, champion sports teams, exhilarating recreation, and eclectic arts and entertainment. It’s no wonder this metropolis is one of the biggest in the nation!
03AREA OVERVIEW
DENVER HIGHLIGHTSD E N V E R M E T R O
ATTRACTIONS:
Denver Art Museum Denver Museum of Nature and Science Denver Zoo Denver Aquarium Six-Flags Elitch Gardens Hyland Hills Water World Denver Aquarium
SPORTS
Basketball: Denver Nuggets Hockey: Colorado Avalanche Football: Denver Broncos Baseball: Colorado Rockies Soccer: Colorado Rapids
*Some of this information sourced from denverpost.com
Located on the front range of the Rocky Mountains, the Denver Metro is a thriving urban epicenter famous for its breathtaking views, world-class dining, champion sports teams, exhilarating recreation, and eclectic arts and entertainment. It’s no wonder this metropolis is one of the biggest in the nation!
AREA OVERVIEW DINING
1 2 3
4 5 6
7 8 9
10
17 18
11 12
13 14 15
16
RETAIL19 20 21 22
23 24 25 26Classy Nails
/ LIFESTYLE
Union Block is In The Heart of Denver’s Most Desirable Restaurant and Retail Corridor!
The Highlands is a dis�nct urban neighborhood consis�ng of the Lower Highlands, West Highlands, Sunnyside and Berkeley neighborhoods. The Lower Highlands is one of Denver’s trendiest neighborhoods and features Victorian era buildings, some of Denver’s most highly acclaimed restaurants and stunning views of the Denver Skyline.It’sdis�nctcharacterandproximitytoUnion Sta�on, 16th Street Mall and Lower Downtown has made the Highlands the most sought a�er urban neighborhood in Denver.
AREA OVERVIEW DINING
1 2 3
4 5 6
7 8 9
10
17 18
11 12
13 14 15
16
RETAIL19 20 21 22
23 24 25 26ClassyNails
/ LIFESTYLE
Union Block is In The Heart of Denver’s Most Desirable Restaurant and Retail Corridor!
The Highlands is a distinct urban neighborhood consisting of the Lower Highlands, West Highlands, Sunnyside and Berkeley neighborhoods. The Lower Highlands is one of Denver’s trendiest neighborhoods and features Victorian era buildings, some of Denver’s most highly acclaimed restaurants and stunning views of the Denver Skyline. It’s distinct character and proximity to Union Station, 16th Street Mall and Lower Downtown has made the Highlands the most sought after urban
neighborhood in Denver.
14
3
5
6
29
17 15
1
7
8
4
3
5
6
29
EMPLOYERS IN THE DENVER METRO
The Denver metro is a hub for various industries, including aviation, health, business, finance, and technology. Outside of city, state, and school services, major employers in the Denver metro area include Denver International Airport, Lockheed Martin, Health ONE Corporation, Centura Health, SCL Health Systems, Comcast, CenturyLink, Kaiser Permanente, Liberty Tax Service, Western Union, University of Colorado, Children’s Hospital, and Wells Fargo. In 2017, Amazon opened up a 1 million sq. ft. fulfillment center in Aurora, creating nearly 1,000 full-time jobs. Google is building a $131 million, four-acre, state-of-the art facility in Boulder, potentially bringing more jobs to the area.
Many companies choose to relocate to or expand in the Denver Metro, especially tech and startup companies. Between 2007-2015, approximately 9,000 companies chose to relocate from California to Denver. These employers are attracted to the innovative culture, economic environment, exceptional talent, and deep sense of social responsibility that characterizes the Denver Metro. Forbes ranks Denver as #1 in the nation for business and careers, and Area Development ranks Denver as #1 in the nation for economic and job growth.
Denver metro is home to many fast-growing startups, with 113 local companies making the Inc. 5000 list of the nation’s fastest-growing private companies for the year 2017.
*Some information was sourced from: https://choosecolorado.com/
DEMOGRAPHICS
33,072Population
34.8
Median Age
1.8
AverageHousehold Size
$78, 146Median Household
Income
10%
No HighSchool
Di ploma 11%High School
G raduate
13%Some College 66%
Bac helor's/Grad/ProfDegree
2,7 65Total Businesses
37 ,7 35Total Employees
3. 7%
Une mploymentRate
$78 ,14 6Median Household
Income
$64 ,7 52Per Capita Income
$52, 430Median Net Worth
BUSINESSES / EMPLOYMENT
KEY FACTS EDUCATION
INCOME
*1 Mile Radius Report Pulled from STDB.com 2018
EMPLOYERS IN THE DENVER METRO
The Denver metro is a hub for various industries, including aviation, health, business, finance, and technology. Outside of city, state, and school services, major employers in the Denver metro area include Denver International Airport, Lockheed Martin, Health ONE Corporation, Centura Health, SCL Health Systems, Comcast, CenturyLink, Kaiser Permanente, Liberty Tax Service, Western Union, University of Colorado, Children’s Hospital, and Wells Fargo. In 2017, Amazon opened up a 1 million sq. ft. fulfillment center in Aurora, creating nearly 1,000 full-time jobs. Google is building a $131 million, four-acre, state-of-the art facility in Boulder, potentially bringing more jobs to the area.
Many companies choose to relocate to or expand in the Denver Metro, especially tech and startup companies. Between 2007-2015, approximately 9,000 companies chose to relocate from California to Denver. These employers are attracted to the innovative culture, economic environment, exceptional talent, and deep sense of social responsibility that characterizes the Denver Metro. Forbes ranks Denver as #1 in the nation for business and careers, and Area Development ranks Denver as #1 in the nation for economic and job growth.
Denver metro is home to many fast-growing startups, with 113 local companies making the Inc. 5000 list of the nation’s fastest-growing private companies for the year 2017.
*Some information was sourced from: https://choosecolorado.com/
DEMOGRAPHICS
33,072Population
34.8
Median Age
1.8
AverageHousehold Size
$78, 146Median Household
Income
10%
No HighSchool
Di ploma 11%High School
G raduate
13%Some College 66%
Bac helor's/Grad/ProfDegree
2,7 65Total Businesses
37 ,7 35Total Employees
3. 7%
Une mploymentRate
$78 ,14 6Median Household
Income
$64 ,7 52Per Capita Income
$52, 430Median Net Worth
BUSINESSES / EMPLOYMENT
KEY FACTS EDUCATION
INCOME
*1 Mile Radius Report Pulled from STDB.com 2018
EMPLOYERS IN THE DENVER METRO
The Denver metro is a hub for various industries, including aviation, health, business, finance, and technology. Outside of city, state, and school services, major employers in the Denver metro area include Denver International Airport, Lockheed Martin, Health ONE Corporation, Centura Health, SCL Health Systems, Comcast, CenturyLink, Kaiser Permanente, Liberty Tax Service, Western Union, University of Colorado, Children’s Hospital, and Wells Fargo. In 2017, Amazon opened up a 1 million sq. ft. fulfillment center in Aurora, creating nearly 1,000 full-time jobs. Google is building a $131 million, four-acre, state-of-the art facility in Boulder, potentially bringing more jobs to the area.
Many companies choose to relocate to or expand in the Denver Metro, especially tech and startup companies. Between 2007-2015, approximately 9,000 companies chose to relocate from California to Denver. These employers are attracted to the innovative culture, economic environment, exceptional talent, and deep sense of social responsibility that characterizes the Denver Metro. Forbes ranks Denver as #1 in the nation for business and careers, and Area Development ranks Denver as #1 in the nation for economic and job growth.
Denver metro is home to many fast-growing startups, with 113 local companies making the Inc. 5000 list of the nation’s fastest-growing private companies for the year 2017.
*Some information was sourced from: https://choosecolorado.com/
DEMOGRAPHICS
33,072Population
34.8
Median Age
1.8
AverageHousehold Size
$78, 146Median Household
Income
10%
No HighSchool
Di ploma 11%High School
G raduate
13%Some College 66%
Bac helor's/Grad/ProfDegree
2,7 65Total Businesses
37 ,7 35Total Employees
3. 7%
Une mploymentRate
$78 ,14 6Median Household
Income
$64 ,7 52Per Capita Income
$52, 430Median Net Worth
BUSINESSES / EMPLOYMENT
KEY FACTS EDUCATION
INCOME
*1 Mile Radius Report Pulled from STDB.com 2018
EMPLOYERS IN THE DENVER METRO
The Denver metro is a hub for various industries, including aviation, health, business, finance, and technology. Outside of city, state, and school services, major employers in the Denver metro area include Denver International Airport, Lockheed Martin, Health ONE Corporation, Centura Health, SCL Health Systems, Comcast, CenturyLink, Kaiser Permanente, Liberty Tax Service, Western Union, University of Colorado, Children’s Hospital, and Wells Fargo. In 2017, Amazon opened up a 1 million sq. ft. fulfillment center in Aurora, creating nearly 1,000 full-time jobs. Google is building a $131 million, four-acre, state-of-the art facility in Boulder, potentially bringing more jobs to the area.
Many companies choose to relocate to or expand in the Denver Metro, especially tech and startup companies. Between 2007-2015, approximately 9,000 companies chose to relocate from California to Denver. These employers are attracted to the innovative culture, economic environment, exceptional talent, and deep sense of social responsibility that characterizes the Denver Metro. Forbes ranks Denver as #1 in the nation for business and careers, and Area Development ranks Denver as #1 in the nation for economic and job growth.
Denver metro is home to many fast-growing startups, with 113 local companies making the Inc. 5000 list of the nation’s fastest-growing private companies for the year 2017.
*Some information was sourced from: https://choosecolorado.com/
DEMOGRAPHICS
33,072Population
34.8
Median Age
1.8
AverageHousehold Size
$78, 146Median Household
Income
10%
No HighSchool
Di ploma 11%High School
G raduate
13%Some College 66%
Bac helor's/Grad/ProfDegree
2,7 65Total Businesses
37 ,7 35Total Employees
3. 7%
Une mploymentRate
$78 ,14 6Median Household
Income
$64 ,7 52Per Capita Income
$52, 430Median Net Worth
BUSINESSES / EMPLOYMENT
KEY FACTS EDUCATION
INCOME
*1 Mile Radius Report Pulled from STDB.com 2018
04FINANCIAL OVERVIEW
CASH FLOWPROJECTIONS
T1 Year 1 Year 2 Year 3 Year 4 Year 5
REVENUE
Rent Income - Residential $107,640 $119,400 $125,370 $131,639 $138,220 $145,131
Rent Income - Commercial $76,068 $76,068 $78,368 $80,713 $83,127 $85,632
Vacancy ($9,815) ($9,245) ($9,523) ($9,808) ($10,103) ($10,406)
Rental Revenue $173,893 $186,223 $194,215 $202,543 $211,245 $220,358
Residential Reimburse-ments
$3,769 $3,769 $3,882 $3,999 $4,118 $4,242
NNN Reimbursement $0 $18,930 $23,645 $24,354 $25,085 $25,838
Other Residential Income $1,135 $1,135 $1,169 $1,204 $1,241 $1,278
Effective Gross Revneue $178,797 $210,057 $222,911 $232,100 $241,689 $251,716
EXPENSES
Repairs and Maintenance ($2,241) ($2,241) ($2,308) ($2,377) ($2,449) ($2,522)
Utilities ($5,641) ($5,641) ($5,810) ($5,985) ($6,164) ($6,349)
Insurance ($3,668) ($3,668) ($3,778) ($3,891) ($4,008) ($4,128)
Real Estate Taxes ($16,655) ($16,655) ($30,489) ($31,404) ($32,346) ($33,316)
Property Management ($2,687) ($2,687) ($2,767) ($2,850) ($2,936) ($3,024)
Admin and Other ($4,867) ($2,000) ($2,060) ($2,122) ($2,185) ($2,251)
Total Expenses ($35,758) ($32,891) ($47,213) ($48,629) ($50,088) ($51,591)
Expenses Per Unit ($2,980) ($2,500) ($2,575) ($2,652) ($2,732) ($2,814)
Net Operating Income $143,039 $177,165 $175,699 $183,471 $191,601 $200,125
Cap Rate 5.54% 5.49% 5.73% 5.99% 6.25%
04FINANCIAL OVERVIEW
CASH FLOWPROJECTIONS
T1 Year 1 Year 2 Year 3 Year 4 Year 5
REVENUE
Rent Income - Residential $107,640 $119,400 $125,370 $131,639 $138,220 $145,131
Rent Income - Commercial $76,068 $76,068 $78,368 $80,713 $83,127 $85,632
Vacancy ($9,815) ($9,245) ($9,523) ($9,808) ($10,103) ($10,406)
Rental Revenue $173,893 $186,223 $194,215 $202,543 $211,245 $220,358
Residential Reimburse-ments
$3,769 $3,769 $3,882 $3,999 $4,118 $4,242
NNN Reimbursement $0 $18,930 $23,645 $24,354 $25,085 $25,838
Other Residential Income $1,135 $1,135 $1,169 $1,204 $1,241 $1,278
Effective Gross Revneue $178,797 $210,057 $222,911 $232,100 $241,689 $251,716
EXPENSES
Repairs and Maintenance ($2,241) ($2,241) ($2,308) ($2,377) ($2,449) ($2,522)
Utilities ($5,641) ($5,641) ($5,810) ($5,985) ($6,164) ($6,349)
Insurance ($3,668) ($3,668) ($3,778) ($3,891) ($4,008) ($4,128)
Real Estate Taxes ($16,655) ($16,655) ($30,489) ($31,404) ($32,346) ($33,316)
Property Management ($2,687) ($2,687) ($2,767) ($2,850) ($2,936) ($3,024)
Admin and Other ($4,867) ($2,000) ($2,060) ($2,122) ($2,185) ($2,251)
Total Expenses ($35,758) ($32,891) ($47,213) ($48,629) ($50,088) ($51,591)
Expenses Per Unit ($2,980) ($2,500) ($2,575) ($2,652) ($2,732) ($2,814)
Net Operating Income $143,039 $177,165 $175,699 $183,471 $191,601 $200,125
Cap Rate 5.54% 5.49% 5.73% 5.99% 6.25%
04FINANCIAL OVERVIEW
CASH FLOWPROJECTIONS
T1 Year 1 Year 2 Year 3 Year 4 Year 5
REVENUE
Rent Income - Residential $107,640 $119,400 $125,370 $131,639 $138,220 $145,131
Rent Income - Commercial $76,068 $76,068 $78,368 $80,713 $83,127 $85,632
Vacancy ($9,815) ($9,245) ($9,523) ($9,808) ($10,103) ($10,406)
Rental Revenue $173,893 $186,223 $194,215 $202,543 $211,245 $220,358
Residential Reimburse-ments
$3,769 $3,769 $3,882 $3,999 $4,118 $4,242
NNN Reimbursement $0 $18,930 $23,645 $24,354 $25,085 $25,838
Other Residential Income $1,135 $1,135 $1,169 $1,204 $1,241 $1,278
Effective Gross Revneue $178,797 $210,057 $222,911 $232,100 $241,689 $251,716
EXPENSES
Repairs and Maintenance ($2,241) ($2,241) ($2,308) ($2,377) ($2,449) ($2,522)
Utilities ($5,641) ($5,641) ($5,810) ($5,985) ($6,164) ($6,349)
Insurance ($3,668) ($3,668) ($3,778) ($3,891) ($4,008) ($4,128)
Real Estate Taxes ($16,655) ($16,655) ($30,489) ($31,404) ($32,346) ($33,316)
Property Management ($2,687) ($2,687) ($2,767) ($2,850) ($2,936) ($3,024)
Admin and Other ($4,867) ($2,000) ($2,060) ($2,122) ($2,185) ($2,251)
Total Expenses ($35,758) ($32,891) ($47,213) ($48,629) ($50,088) ($51,591)
Expenses Per Unit ($2,980) ($2,500) ($2,575) ($2,652) ($2,732) ($2,814)
Net Operating Income $143,039 $177,165 $175,699 $183,471 $191,601 $200,125
Cap Rate 5.54% 5.49% 5.73% 5.99% 6.25%
04FINANCIAL OVERVIEW
CASH FLOWPROJECTIONS
T1 Year 1 Year 2 Year 3 Year 4 Year 5
REVENUE
Rent Income - Residential $107,640 $119,400 $125,370 $131,639 $138,220 $145,131
Rent Income - Commercial $76,068 $76,068 $78,368 $80,713 $83,127 $85,632
Vacancy ($9,815) ($9,245) ($9,523) ($9,808) ($10,103) ($10,406)
Rental Revenue $173,893 $186,223 $194,215 $202,543 $211,245 $220,358
Residential Reimburse-ments
$3,769 $3,769 $3,882 $3,999 $4,118 $4,242
NNN Reimbursement $0 $18,930 $23,645 $24,354 $25,085 $25,838
Other Residential Income $1,135 $1,135 $1,169 $1,204 $1,241 $1,278
Effective Gross Revneue $178,797 $210,057 $222,911 $232,100 $241,689 $251,716
EXPENSES
Repairs and Maintenance ($2,241) ($2,241) ($2,308) ($2,377) ($2,449) ($2,522)
Utilities ($5,641) ($5,641) ($5,810) ($5,985) ($6,164) ($6,349)
Insurance ($3,668) ($3,668) ($3,778) ($3,891) ($4,008) ($4,128)
Real Estate Taxes ($16,655) ($16,655) ($30,489) ($31,404) ($32,346) ($33,316)
Property Management ($2,687) ($2,687) ($2,767) ($2,850) ($2,936) ($3,024)
Admin and Other ($4,867) ($2,000) ($2,060) ($2,122) ($2,185) ($2,251)
Total Expenses ($35,758) ($32,891) ($47,213) ($48,629) ($50,088) ($51,591)
Expenses Per Unit ($2,980) ($2,500) ($2,575) ($2,652) ($2,732) ($2,814)
Net Operating Income $143,039 $177,165 $175,699 $183,471 $191,601 $200,125
Cap Rate 5.54% 5.49% 5.73% 5.99% 6.25%
UNION BLOCK1501 BOULDER ST. DENVER, CO 80211
JASON KOCHCo-Founder/[email protected]
303.918.8909
ADAM RIDDLECo-Founder/[email protected]
303.257.7627
MARK WILLIFORDSr. Investment Advisor
Property Address SF Price $ Price Per Foot Cap Rate
(subject) 1501-1503 Boulder St 7,632 $3,200,000 $419 5.54%
1 2400-2412 W 32nd Ave 7,852 $3,250,000 $414 5.45%
2 3480-3496 W 32nd Ave 6,436 $3,002,560 $467 5.62%
3 3600 Tejon St 5,812 $2,477,400 $426 5.50%
4 1615 Platte St 4,377 $2,900,000 $663 5.35%
Averages $2,907,490 $492 5.48%
SOLD COMPS
2 1
3
4
UNION BLOCK1501 BOULDER ST. DENVER, CO 80211
JASON KOCHCo-Founder/[email protected]
303.918.8909
ADAM RIDDLECo-Founder/[email protected]
303.257.7627
MARK WILLIFORDSr. Investment Advisor
Property Address SF Price $ Price Per Foot Cap Rate
(subject) 1501-1503 Boulder St 7,632 $3,200,000 $419 5.54%
1 2400-2412 W 32nd Ave 7,852 $3,250,000 $414 5.45%
2 3480-3496 W 32nd Ave 6,436 $3,002,560 $467 5.62%
3 3600 Tejon St 5,812 $2,477,400 $426 5.50%
4 1615 Platte St 4,377 $2,900,000 $663 5.35%
Averages $2,907,490 $492 5.48%
SOLD COMPS
2 1
3
4
UNION BLOCK1501 BOULDER ST. DENVER, CO 80211
JASON KOCHCo-Founder/[email protected]
303.918.8909
ADAM RIDDLECo-Founder/[email protected]
303.257.7627
MARK WILLIFORDSr. Investment Advisor
Property Address SF Price $ Price Per Foot Cap Rate
(subject) 1501-1503 Boulder St 7,632 $3,200,000 $419 5.54%
1 2400-2412 W 32nd Ave 7,852 $3,250,000 $414 5.45%
2 3480-3496 W 32nd Ave 6,436 $3,002,560 $467 5.62%
3 3600 Tejon St 5,812 $2,477,400 $426 5.50%
4 1615 Platte St 4,377 $2,900,000 $663 5.35%
Averages $2,907,490 $492 5.48%
SOLD COMPS
2 1
3
4
UNION BLOCK1501 BOULDER ST. DENVER, CO 80211
JASON KOCHCo-Founder/[email protected]
303.918.8909
ADAM RIDDLECo-Founder/[email protected]
303.257.7627
MARK WILLIFORDSr. Investment Advisor
Property Address SF Price $ Price Per Foot Cap Rate
(subject) 1501-1503 Boulder St 7,632 $3,200,000 $419 5.54%
1 2400-2412 W 32nd Ave 7,852 $3,250,000 $414 5.45%
2 3480-3496 W 32nd Ave 6,436 $3,002,560 $467 5.62%
3 3600 Tejon St 5,812 $2,477,400 $426 5.50%
4 1615 Platte St 4,377 $2,900,000 $663 5.35%
Averages $2,907,490 $492 5.48%
SOLD COMPS
2 1
3
4
