new construction flex condos for sale or building …€¦ · 236 apartments coming 2018/19 sold...

Representatives

Jake Hallauer CCIM970-663-3150JakeHChrislandCompaniescom

Chrisland Real Estate CompaniesPhone 970-663-3150 wwwChrislandRealEstateCompaniescom

Ryan Schaefer970-663-3150RyanSChrislandCompaniescom

lsquoSPRINGS AT 2534rsquo212 APARTMENTS COMING 201819

Sold

54000 VPD

LAR

IMER

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WY

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UN

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UNION STREET

UNDER CONTRACT

TRA

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670

00 V

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Gateway Phase IIrsquo236 Apartments COMING 201819

SoldRONALD REAGAN BLVD

ENDEAVOR DRIVE

THO

MP

SON

PK

WY

VENTURE DRIVE

SITE

NEW CONSTRUCTION FLEX CONDOS FOR SALE OR BUILDING FOR LEASE

NEW CONSTRUCTION FLEX CONDO UNITS AVAILABLEAvailable 2240plusmn SF to 17920plusmn SF (Lease available for entire building only)Sale Price $20000 - $22000 SF (Core amp Shell) Click here for Core amp Shell specsLease Rate $1295 SF NNN ($1000 SF TI Allowance) Clear Height 20rsquo plusmnBay Depth 80rsquo plusmnDelivery Core amp Shell Anticipated to be Q2 2019

Free span condo units available for sale or leasing available for the entire building only The proposed 17920plusmn sq ft building can be demised down to 2240plusmn sq ft units with approximately 80rsquo bay depth Three units will have opportunity for dock high doors

Proposed high quality flex building within the 2534 Business Park This project is located in the heart of Northern Coloradorsquos fastest growing residential and employment areas at the intersection of the regionrsquos two main highways - Interstate 25 and Highway 34 This modern facility features functional clear span and clear height with the option to add mezzanine space Amenities nearby include SCHEELS numerous restaurants and retailers healthcare The Promenade Shops at Centerra Marketplace at Centerra and more

2534 - SEC OF ENDEAVOR DRIVE amp CONCORDE AVENUE JOHNSTOWN CO

Representatives




SITE PLAN amp BUILDING PLAN

Conceptual Site Plan subject to change Buyer to verify

10

30

155

10

215

315

5

80

224

224

80

10

5

20

6

24

30

24

24

77( 8SPACE S)

54( 6SPACE S)135 (15SPAC ES)

140 (15SPAC ES)

10

5265 E Ronald Reagan Suite 210Johnstown CO 805349708003300 OwwwgallowayUScom

2016 Galloway amp Company Inc All Rights Reserved

Date

Drawn By

Project No

Checked By

HB

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ohns

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NN

0000

01-2

534

Flex

Indu

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-35

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BNN000001

02262018

Init Issue DescriptionDate

2534

FLEX

IND

US

TRIA

L

JOH

NS

TOW

NC

O

THESE PLANS ARE AN INSTRUMENT OFSERVICE AND ARE THE PROPERTY OFGALLOWAY AND MAY NOT BE DUPLICATEDDISCLOSED OR REPRODUCED WITHOUTTHE WRITTEN CONSENT OF GALLOWAYCOPYRIGHTS AND INFRINGEMENTS WILLBE ENFORCED AND PROSECUTED

COPYRIGHT

NOT FOR

CONSTRUCTION

BRANNEN DESIGN AND CONSTRUCTIONPO BOX 270578

FORT COLLINS CO 80527(970) 988-0238

( IN FEET )1 inch = ft

0 Feet20 20

20

40 60

ROTATION 0deg

CON

CORD

E AV

ENU

E

ENDEAVOR DRIVE

8 CONDO UNITS(each 2240 sq ft)

AVAILABLE 2240plusmn SF to 17920plusmn SF

(Lease available for entire building only)

SALE PRICE $20000 - $22000 SF (Core amp Shell)

LEASE RATE FOR BUILDING$1295 SF NNN

($1000 SF TI Allowance)

CLEAR HEIGHT 20rsquo plusmn

BAY DEPTH 80rsquo plusmn

$22000SF

North

North

$21000SF

$20000SF

$20000SF

$20000SF

$20000SF

$20000SF

$20000SF

Representatives




RENDERINGS

The information contained herein while from sources believed reliable is not guaranteed and is subject to change without notice Chrisland Real Estate Companies makes no warranties or representations as to the accuracy of this information This brochure is the exclusive property of Chrisland Commercial Real Estate Inc Any duplication without Chrisland Real Estate Companies express written consent is prohibited

Representatives




OWN VS LEASE ANALYSIS - ENTIRE BUILDINGOwnership Assumptions Lease Assumptions

Building (Condo) Area (sf) 17920 Rental AssumptionsLeased Space (SF) 17920

Project Cost Lease Term (Years) 10Purchase Price ($20375 psf) 3651200$ TI Allowance PSF 1000$Tenant Improvements (TI) $4000 psf 716800$ Total TI Allowance 179200$Total Project Cost 4368000 Base Rent PSF (Year 1) 1300$

NNN Expenses PSF (Year 1) 700$Loan Data (Bank Loan) Gross Rental Rate PSF (Year 1) 2000$Total Project Cost Plus Financing Costs 4423000$Loan Amount (1st Mortgage) 2211500$ EscalationsDown Payment (1st amp 2nd Mortgage) 442300$ Rent 3Closing Costs amp Origination Fee 25000$ Expenses 2Interim 2nd Mortgage Costs amp Interest 15000$Amortization Period (Years) 25Interest Rate 525Term (Years) 25

Loan Data (SBA 504 Loan)Loan Amount (SBA 2nd Mortgage) 1769200$Closing Costs amp Origination Fee 15000$Amortization Period (Years) 25Interest Rate 475Term (Years) 25

Annual Operating Expenses (Est $700 psf)Property Taxes 96589$Property Insurance 6272$Common Area Maintenance 22579$

OwnUpfront Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Total

Financing ExpensesAnnual Debt Service (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (2800666)$Down Payment (442300)$ (442300)$Total Financing Expenses (442300)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (3242966)$

Operating ExpensesCAM -$ (22579)$ (23257)$ (23954)$ (24673)$ (25413)$ (26175)$ (26961)$ (27770)$ (28603)$ (29461)$ (258845)$Insurance -$ (6272)$ (6460)$ (6654)$ (6854)$ (7059)$ (7271)$ (7489)$ (7714)$ (7945)$ (8184)$ (71901)$Property Taxes -$ (96589)$ (99486)$ (102471)$ (105545)$ (108712)$ (111973)$ (115332)$ (118792)$ (122356)$ (126026)$ (1107282)$Total Operating Expenses -$ (125440)$ (129203)$ (133079)$ (137072)$ (141184)$ (145419)$ (149782)$ (154275)$ (158904)$ (163671)$ (1438029)$

Total Annual ExpensesTotal Financing Expenses (442300)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (280067)$ (3242966)$Total Operating Expenses -$ (125440)$ (129203)$ (133079)$ (137072)$ (141184)$ (145419)$ (149782)$ (154275)$ (158904)$ (163671)$ (1438029)$Total Annual Expenses (442300)$ (405507)$ (409270)$ (413146)$ (417138)$ (421250)$ (425486)$ (429848)$ (434342)$ (438970)$ (443737)$ (4680995)$Less Loan Principal Reduction -$ 81790$ 85991$ 90408$ 95053$ 99937$ 105072$ 110473$ 116151$ 122122$ 128401$ 1035398$Total Annual Cost of Ownership (442300)$ (323716)$ (323279)$ (322738)$ (322085)$ (321313)$ (320413)$ (319376)$ (318191)$ (316848)$ (315337)$ (3645597)$Total Annual Cost of Ownership PSF (2468)$ (1806)$ (1804)$ (1801)$ (1797)$ (1793)$ (1788)$ (1782)$ (1776)$ (1768)$ (1760)$ (20344)$

LeaseUpfront Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Total

Annual Base Rent Expense -$ (232960)$ (239949)$ (247147)$ (254562)$ (262199)$ (270064)$ (278166)$ (286511)$ (295107)$ (303960)$ (2670625)$Annual NNN Expenses -$ (125440)$ (127949)$ (130508)$ (133118)$ (135780)$ (138496)$ (141266)$ (144091)$ (146973)$ (149912)$ (1373533)$Tenant Funded TI (537600)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (537600)$Total Expense (537600)$ (358400)$ (367898)$ (377655)$ (387680)$ (397979)$ (408560)$ (419432)$ (430603)$ (442080)$ (453872)$ (4581758)$Total Expense PSF (3000)$ (2000)$ (2053)$ (2107)$ (2163)$ (2221)$ (2280)$ (2341)$ (2403)$ (2467)$ (2533)$ (25568)$

POTENTIAL NET SAVINGS OF OWNING VS LEASING OVER 10 YEARS 936162$

These figures do not include utilities or janitorial expensesTakes into consideration principal reduction on the loan balance but does not consider any potential future appreciation in the asset value or a saleDifference between TI allowance and $40 psf estimated TI cost Factors in principal reduction

This analysis is for informational purposes only While the information contained herein is believed to be from reliable sources Chrisland Real Estate Companies makes no representations or warranties as to the accuracy of the information Any information contained herein is subject to change without notice All information contained herein should be independently verified

Representatives




OWN VS LEASE ANALYSIS - ONE CONDO UNITOwnership Assumptions Lease Assumptions












POTENTIAL NET SAVINGS OF OWNING VS LEASING OVER 10 YEARS 115910$These figures do not include utilities or janitorial expensesTakes into consideration principal reduction on the loan balance but does not consider any potential future appreciation in the asset value or a saleDifference between TI allowance and $40 psf estimated TI cost Factors in principal reduction


Representatives




LOCATION MAP



Sold

54000 VPD

LAR

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UNDER CONTRACT

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640

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Timnath

Milliken

Master-planned mixed-use communityJohnstown ColoradoPositioned at the epicenter of the fastest growing area in Northern Colorado

Representatives





EXECUTIVE SUMMARY

Northern Colorado communities are consistently being recognized on ldquotop and best ofrdquo lists

bull Greeley ranks 1 nationally for growth in jobs and the economy WalletHub October 2018 View full article

bull Fort Collins ranked 5th Top Best Performing Cities Milken Institute - January 2018

bull Fort Collins-Loveland ranked 1 for lsquoTop 10 Stable Growing Marketsrsquo Realtorcom April 2017

bull Loveland ranks 1 for lsquoThe Top 10 Boomtowns of 2015rsquo wwwSmartassetcom January 2016 View full article

bull Greeley Fort Collins Boulder metro areas make lsquoBest Performing Citiesrsquo list Bizwest December 2015 View full article

bull Greeley lsquoBest Small and Medium-Size Cities for Jobs 2015rsquo Forbes June 2015

bull Weld County employment increase ranks county 1 in nation Bizwest September 2014 View full article

bull Fort Collins-Loveland ranks 1 City Satisfaction Gallup-Healthways Well-Being Index April 2014

bull Fort Collins 7 Best Places for Business amp Careers Forbes August 2013

bull Weld County (East and Southeast of site) leads all of Colorado with more than 16500 active oil and gas wells wwwcogoaorg

bull Major Tourist Attraction Rocky Mountain National Park with 32 million visitors per year

Banner Health Colorado 5096 Qualfon 800

Broadcom Ltd 1500 State Farm Insurance 1300

Colorado State University 6701 UCHealth 5500

Hewlett Packard 1490 Univ of Northern Colorado 1600

JBS Swift amp Company 3688 Vestas Blades AS 2400

Larimer County 1639 Weld County 1500

OtterBox 854 Weld County School District 2800

Poudre School District R1 3615 Woodward Inc 1475

Source BizWest 2018 Book of Lists

3-MILES 5-MILES 7-MILES

2018 Est Population 8585 42683 110435

2023 Projected Population 10674 50078 123870

Avg Household Income $120439 $99007 $90497

Bachelorrsquos Degree or Higher 486 421 383

Median Age 420 393 396

Daytime Employment 13469 29961 56220

Source Site To Do Business October 2018

DEMOGRAPHICS

REGIONAL EMPLOYERS

Representatives





ZONING PUD (Town of Johnstown) - 2534

PERMITTED USES

1 Special trades contractor specializing in one or more trades of which the following are examples plumbing and heating painting and decorating electrical work glazing insulation carpentry and masonry

2 General administrative offices

3 Business and professional offices

4 Manufacturing assembly processing and fabrication plants

5 General warehousing

6 Experimental testing and research laboratories

7 Printing and publishing houses and related

Please note that other uses may be permitted administratively or by review Please see the 2534 Design Guidelines for a complete list of these uses and other important zoning standards

For a full list of uses Click Here

ZONING amp MARKET DATA

Market DataNorthern Colorado Trade Area Northern Coloradorsquos trade area consists of approximately 845000 people (30 mile radius from I-25 and US 34) and is known nationally for its high quality life Home to Colorado State University and University of Northern Colorado the regionrsquos population is largely young and well-educated with a diverse workforce

2534 2534 is located at the southeast corner of the intersection of Interstate 25 and US Highway 34 which has become Northern Coloradorsquos premier retail trade area The two highways are the main transportation routes in the region and have more than 120000 vehicles per day passing through the interchange This area has the highest concentration of retailers and is across the street from the Promenade Shops at Centerra (700Kplusmn sf lifestyle center) The Property is within one mile of significant residential and commercial developments including Medical Center of the Rockies (regional hospital) 700 existing and planned apartments medical and corporate offices and more

The 2534 master-planned community is strong diverse and growing Many large companies and small businesses have a presence at 2534 and view the community as an ideal home for their businesses and their employees

NORTHERN COLORADO 29 COLORADO 31

US 37

AS OF SEPTEMBER 2018UNEMPLOYMENT RATES

Source wwwdeptofnumberscomunemploymentcolorado

Representatives




2534 THE HIGHEST CONCENTRATION OF MIXED-USE CONSTRUCTION ACTIVITY IN NORTHERN COLORADO

Comfort Suites | 2017Scheels All Sports | 250000 sf | 2017 Staybridge Suites | 2018

Johnstown Plaza Shopping amp Dining | 2017-18

Wingate by Wyndam | 2016

Gateway II Apts | 236 units | 2017-18

Gateway Apts | 254 units | 2015-16

Swire Coca Cola USA | 120000 sf | 2017

High Country Beverage | 130000 sf | 2017

Thompson River Ranch | 1361 homes Thompson Crossing II |

166 homes | 2016-17

Thompson Crossing

Example Photo


SITE

Representatives




SITE PLAN amp BUILDING PLAN

Conceptual Site Plan subject to change Buyer to verify

10

30

155

10

215

315

5

80

224

224

80

10

5

20

6

24

30

24

24

77( 8SPACE S)

54( 6SPACE S)135 (15SPAC ES)

140 (15SPAC ES)

10

5265 E Ronald Reagan Suite 210Johnstown CO 805349708003300 OwwwgallowayUScom

2016 Galloway amp Company Inc All Rights Reserved

Date

Drawn By

Project No

Checked By

HB

rann

enD

esig

nC

OJ

ohns

tow

n-B

NN

0000

01-2

534

Flex

Indu

stria

lCA

DD

Tem

pora

ryJ

onx

-BN

N1_

PBas

e_Jo

n_3

dwg

-Jon

Cro

nin

-35

201

8

BNN000001

02262018

Init Issue DescriptionDate

2534

FLEX

IND

US

TRIA

L

JOH

NS

TOW

NC

O

THESE PLANS ARE AN INSTRUMENT OFSERVICE AND ARE THE PROPERTY OFGALLOWAY AND MAY NOT BE DUPLICATEDDISCLOSED OR REPRODUCED WITHOUTTHE WRITTEN CONSENT OF GALLOWAYCOPYRIGHTS AND INFRINGEMENTS WILLBE ENFORCED AND PROSECUTED

COPYRIGHT

NOT FOR

CONSTRUCTION

BRANNEN DESIGN AND CONSTRUCTIONPO BOX 270578

FORT COLLINS CO 80527(970) 988-0238

( IN FEET )1 inch = ft

0 Feet20 20

20

40 60

ROTATION 0deg

CON

CORD

E AV

ENU

E

ENDEAVOR DRIVE

8 CONDO UNITS(each 2240 sq ft)

AVAILABLE 2240plusmn SF to 17920plusmn SF

(Lease available for entire building only)

SALE PRICE $20000 - $22000 SF (Core amp Shell)

LEASE RATE FOR BUILDING$1295 SF NNN

($1000 SF TI Allowance)

CLEAR HEIGHT 20rsquo plusmn

BAY DEPTH 80rsquo plusmn

$22000SF

North

North

$21000SF

$20000SF

$20000SF

$20000SF

$20000SF

$20000SF

$20000SF

Representatives




RENDERINGS


Representatives



















Representatives


















Representatives




LOCATION MAP



Sold

54000 VPD

LAR

IMER

PK

WY

CO

UN

TY R

OA

D 3

UNION STREET

UNDER CONTRACT

TRA

DE ST

640

00 V

PD



ENDEAVOR DRIVE

THO

MP

SON

PK

WY

VENTURE DRIVE

SITE

Timnath

Milliken


Representatives





EXECUTIVE SUMMARY























2018 Est Population 8585 42683 110435







DEMOGRAPHICS

REGIONAL EMPLOYERS

Representatives






PERMITTED USES















US 37



Representatives













166 homes | 2016-17

Thompson Crossing

Example Photo


SITE

Representatives




RENDERINGS


Representatives



















Representatives


















Representatives




LOCATION MAP



Sold

54000 VPD

LAR

IMER

PK

WY

CO

UN

TY R

OA

D 3

UNION STREET

UNDER CONTRACT

TRA

DE ST

640

00 V

PD



ENDEAVOR DRIVE

THO

MP

SON

PK

WY

VENTURE DRIVE

SITE

Timnath

Milliken


Representatives





EXECUTIVE SUMMARY























2018 Est Population 8585 42683 110435







DEMOGRAPHICS

REGIONAL EMPLOYERS

Representatives






PERMITTED USES















US 37



Representatives













166 homes | 2016-17

Thompson Crossing

Example Photo


SITE

Representatives



















Representatives


















Representatives




LOCATION MAP



Sold

54000 VPD

LAR

IMER

PK

WY

CO

UN

TY R

OA

D 3

UNION STREET

UNDER CONTRACT

TRA

DE ST

640

00 V

PD



ENDEAVOR DRIVE

THO

MP

SON

PK

WY

VENTURE DRIVE

SITE

Timnath

Milliken


Representatives





EXECUTIVE SUMMARY























2018 Est Population 8585 42683 110435







DEMOGRAPHICS

REGIONAL EMPLOYERS

Representatives






PERMITTED USES















US 37



Representatives













166 homes | 2016-17

Thompson Crossing

Example Photo


SITE

Representatives


















Representatives




LOCATION MAP



Sold

54000 VPD

LAR

IMER

PK

WY

CO

UN

TY R

OA

D 3

UNION STREET

UNDER CONTRACT

TRA

DE ST

640

00 V

PD



ENDEAVOR DRIVE

THO

MP

SON

PK

WY

VENTURE DRIVE

SITE

Timnath

Milliken


Representatives





EXECUTIVE SUMMARY























2018 Est Population 8585 42683 110435







DEMOGRAPHICS

REGIONAL EMPLOYERS

Representatives






PERMITTED USES















US 37



Representatives













166 homes | 2016-17

Thompson Crossing

Example Photo


SITE

Representatives




LOCATION MAP



Sold

54000 VPD

LAR

IMER

PK

WY

CO

UN

TY R

OA

D 3

UNION STREET

UNDER CONTRACT

TRA

DE ST

640

00 V

PD



ENDEAVOR DRIVE

THO

MP

SON

PK

WY

VENTURE DRIVE

SITE

Timnath

Milliken


Representatives





EXECUTIVE SUMMARY























2018 Est Population 8585 42683 110435







DEMOGRAPHICS

REGIONAL EMPLOYERS

Representatives






PERMITTED USES















US 37



Representatives













166 homes | 2016-17

Thompson Crossing

Example Photo


SITE

Representatives





EXECUTIVE SUMMARY























2018 Est Population 8585 42683 110435







DEMOGRAPHICS

REGIONAL EMPLOYERS

Representatives






PERMITTED USES















US 37



Representatives













166 homes | 2016-17

Thompson Crossing

Example Photo


SITE

Representatives






PERMITTED USES















US 37



Representatives













166 homes | 2016-17

Thompson Crossing

Example Photo


SITE

Representatives













166 homes | 2016-17

Thompson Crossing

Example Photo


SITE

new construction flex condos for sale or building …€¦ · 236 apartments coming 2018/19 sold...

Documents