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EXCLUSIVE OFFERING MEMORANDUM Zerger Elementary9050 Field StreetWestminster, CO ACRES
8.5Jason White+1 303 390 [email protected]
Patrick McGettigan+1 303 217 [email protected]
• User-Owner Opportunity • Potential Residential Redevelopment • Suburban Infill Location
Mitchell H. Zatz, SIOR+1 303 217 [email protected]
TABLE OF CONTENTS
1. The Opportunity
2. Property Overview
3. Area Overview
THE OPPORTUNITY
Address9050 Field StreetWestminster, CO 80021
Seller Jefferson County Public Schools
Site Size 8.50 acres (370,260 SF)
Building Size 43,563 SF
Purchase Price $4,700,000 ($107.89 / SF)
Taxes74.92 Mills$54,401
Zoning PDP - PUD
Utilities
- Electricity: Xcel Energy- Sewer: City of Westminster- Water: City of Westminster- Natural Gas: Xcel Energy
Denver
Thornton
Aurora
Westminster
Arvada
Longmont
Boulder
Broomfield
Centennial
Lafayette
Littleton
Commerce City
Englewood
Parker
Castle Rock
Aspen Park
Brighton
Conifer
Erie
Lochbuie
SuperiorFraser
Bailey
Evergreen
Idaho Springs
HudsonGranby
Limon
THE SITE
*Property is currently tax exempt
PROPERTY OVERVIEW
POTENTIAL ZONING
BUILDING SYSTEMS (ROOF, HVAC, PLUMBING, WATER TAPS)
- Zoning code: PDP - PUD
- Zoning description: The site is zoning as Public / Quasi-Municipal under the jurisdiction of the City of Westminster. The Zone group is PUD.
- Notes: A zoning change is likely, most probable re-zoning is for residential uses
- Year built: 1977
- Size: 43,563 SF
- Roof: Built-Up Asphalt
- HVAC: Heating is provided by the boiler and cooling is provided by rooftop units
- Water Tap: Water is provided by the City of Westminster by 3 inch tap. The value of this tap in the current and future development uses has been reviewed by the City of Westminster. Both domestic and irrigation service is provided by this 3 inch tap.
- All maintenance performed and tracked consistently and regularly. Records available upon request.
CAPITAL IMPROVEMENTS- 2008: Electrical improvements and updates
- 2000: Five detection and alarm system updates
- 1999: Re-roof
- 1999: HVAC work
PROPERTY OVERVIEW
FLOORPLAN
PROPERTY OVERVIEW
TRANSACTION GUIDELINES
Interest offered: 100% fee simple interest
Purchase price: Market Pricing
Offer submission: Offers should be submitted in the form of a non-binding Letter of Intent, detailing the significant terms and conditions of the Purchaser including but not limited to:
• Pricing
• Due diligence and closing time frames
• Earnest Money deposit
• A description of the debt/equity structure of the transaction
• Purchaser’s resume
Debt: Free and clear of existing debt. Contact JLL Capital Markets Finance Team regarding financing options
AREA OVERVIEW
Ft. Collins
Boulder
Golden
Lakewood
Denver
Greeley
Castle Rock
Centennial
Loveland
Longmont
Lyons
Granby
Winter ParkWestminster
DIA
Downtown Westminster
2.5 miles5 minute drive
Boulder 17.0 miles25 minute drive
Denver 15.6 miles26 minute drive
DIA 29.7 miles34 minute drive
CLOSE PROXIMITY TO DENVER, BOULDER, DIA AND DOWNTOWN WESTMINSTER
DEMOGRAPHICS
1 mile radius 3 mile radius 5 mile radius
Population 12,915 87,596 257,747
Median HH Income $66,606 $70,266 $62,801
Population Growth2010 - 2016 0.36 0.61 0.96
Total Businesses 289 2,736 9,192
Total Employees 2,688 27,804 97,775
AREA OVERVIEW
AREA OVERVIEW
NEARBY AMENITIES
BOULDER
DENVER
W 104TH AVE
W 112TH AVE
FED
ER
AL B
LVD
KIP
LING
ST
WA
DS
WO
RT
H P
KW
Y
IND
IAN
A S
T
W 88TH AVE
AREA OVERVIEW
CLOSE PROXIMITY TO TRAILS, PARKS AND OPEN SPACE
Westminster
Standley Lake North Open Space Park
Kings Mill Park
Somerset ParkDover Square Park
Nottingham Park
Westree ParkRainbow Park
Woodrun ParkMeadowglen Park
Oakhurst Park I & II
Westbrook Park
Ketner Open Space
Colorado Hills Open Space
Lakecrest Park
Michael Northey Park
Lake Arbor Park
Far Horizons Park
Trentwood Park
Westminster Hills Off-Leash Dog Park
Standley Lake Regional Park
AREA OVERVIEW
Source: www.downtownwestminster.us
DOWNTOWN WESTMINSTER - A NEW URBAN CENTER
The City of Westminster has embarked on an ambitious journey to become the next urban center on Colorado’s Front Range, beginning with the construction of a new Downtown Westminster at the site of the former Westminster Mall.
This is community building in the truest sense, working from a remarkable foundation of community support and pride in the site to deliver a shared vision for the future.
Strategically located halfway between Denver and Boulder on the thriving U.S. 36 tech corridor, Westminster’s new downtown will redefine the future of suburban America. The 105-acre site at U.S. 36 and Sheridan Boulevard connects to one of the region’s busiest bus rapid transit corridors and hundreds of miles of bike ways. Downtown Westminster will be an active urban center with distinctive parks and open spaces paired with retail, office, hotel, civic and residential uses.
AREA OVERVIEW
DENVER’S NOTABLE RANKINGS IN THE MEDIA
#1 BEST PLACES FOR BUSINESS AND CAREERS- Forbes, 2016
#1 BEST PLACES TO LIVE- NBC News, 2016- US News and World Report, 2016
#1 HOTTEST HOUSING MARKET- Zillow, 2016
#1 TOP UP-AND-COMINGCITIES FOR TECH JOBS- Forbes, 2016
#2 BEST CITY FOR JOB SEEKERS- NerdWallet, 2017
#2 MOST HIGHLY EDUCATEDSTATE- 24/7 WallSt, 2016
#2 MOST ENTREPRENEURIAL STATE- NerdWallet, 2015
#2 BEST CITY TO START A CAREER
- WalletHub, 2016
#3 BEST STATE TO DO BUSINESS IN
- CNBC, 2016
#3 ANTICIPATED STEM JOBS- NerdWallet, 2015
FIELD
ST
W 90TH PL
W 91ST AVE
For more information, please contact:
© 2017 Jones Lang LaSalle IP, Inc. All rights reserved. The information contained in this document is proprietary to Jones Lang LaSalle and shall be used solely for the purposes of evaluating this proposal. All such documentation and information remains the property of Jones Lang LaSalle and shall be kept confidential. Reproduction of any part of this document is authorized only to the extent necessary for its evaluation. It is not to be shown to any third party without the prior written authorization of Jones Lang LaSalle. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
Jason White+1 303 390 [email protected]
Patrick McGettigan+1 303 217 [email protected]
Mitchell H. Zatz, SIOR+1 303 217 [email protected]
