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OFFERINGMEMORANDUM3765 S BROADWAY
ENGLEWOOD, CO 80113
TRAVIS HODGE Senior Advisor
[email protected] 404.259.8171
ANTHONY BOBAY Investment Sales Advisor
[email protected] 720.297.6667
TABLE OF CONTENTS
PROPERTY OVERVIEW
LOCATION OVERVIEW
APPENDIX
PROPERTYOVERVIEW
SITE OVERVIEW
SITE OVERVIEW
Address: 3765 S Broadway
City/State/Zip Code: Englewood, CO 80113
Parcel ID: 2077-03-2-27-025
County: Arapahoe
Zoning Municipality: Englewood
Zoning: MU-B-2
Parcel Size: 15,625 SF
Max Height: 60'
Existing Building SF: 2,479 SF
Existing Use: Medical Office
List Price: Unpriced
ALLOWABLE USES
1 Mixed Use
2 Residential (For Rent)
3 Residential (For Sale)
4 Office
5 Hospitality
6 Retail
DEVELOPMENTHIGHLIGHTS
Walking distance to Old Town Englewood & Town Shopping Center.
0.5 miles from Swedish Medical Center.
Easy transit access to downtown Denver (Rapid Bus & Light Rail).
Potential to assemble for larger site.
Located in Qualified Opportunity Zone.
LOCATIONOVERVIEW
NEIGHBORHOODDESCRIPTION
Englewood is a rapidly redeveloping and growing suburb located directly south of Denver proper. Starting it’s life as a streetcar suburb along the Broadway
commercial corridor in the 1890s, Englewood has transformed into one of theregion’s premier suburbs, boasting exceptional transit and bike access, a charming
and walkable downtown, and easy highway access with Hwy 85 and 285 bisectingthe city. It is also home to one of the region’s largest employers and medical
centers with the Swedish Medical Center located in the heart of town. The city issupportive of continued growth and redevelopment, and as Englewood continues
to infill underutilized properties around it’s core, the city’s recognition as anemployment and entertainment hub will continue to strengthen.
AREA STREET MAP
3765 S B R O A D W A Y
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NEIGHBORHOOD MAP
3765 S B R O A D W A Y
ENGLEWOOD
HIGH SCHOOL
PACKY ROMANS
PARK
BARDE PARK
CHARLES HAY
WORLD SCHOOL
#0 BUS
JASON PARK
RIVER RUN
PARK
BARNES PARK
OXFORD STATION
(C&D LINES)
ENGLEWOOD STATION
(C&D LINES)
BISHOP ELEMENTARY
SCHOOL
ENGLEWOOD
EARLY CHILDHOOD
EDUCATION
MILLER FIELD
ENGLEWOOD
STATION PARK
CUSHING PARK
S B
RO
AD
WA
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PHOTOS3765 S BROADWAY
DEMOGRAPHICSPopulation 1 Mile 3 Mile 5 Mile
Population (1990) 269 4,727 20,078
Population (2000) 337 7,193 27,423
Population (2010) 3,786 18,209 42,164
Population (Current) 4,594 21,675 50,443
Population (5 Yr. Forecast) 4,783 22,555 52,542
Percent Growth (CurrentYr./ Previous Yr.) 21.34% 17.76% 19.27%
Percent Forecast (5 Yr.Forecast/Current Yr.) 4.11% 4.04% 4.16%
Income 1 Mile 3 Mile 5 Mile
Median Household Income $107,440 $96,771 $84,375
Total Household Income $167,702,386 $813,966,434 $1,683,160,006
Average Household Income $117,686 $111,304 $99,401
Per Capita Income $36,505 $37,553 $33,368
Avg Family Income $124,708 $122,910 $113,032
Family Income, Per Capita $34,662 $36,959 $34,209
Household 1 Mile 3 Mile 5 Mile
Households (Current) 1,425 7,313 16,933
Families 1,181 5,778 12,838
Average Size of Household 3.22 2.93 2.86
Median Age of Householder 40 49 50
Median Value Owner Occupied $202,756 $242,537 $196,788
Median Rent $1,195 $1,237 $1,026
Median Vehicles PerHousehold 3 3 3
Housing Units 1,469 7,536 17,575
Owner Occupied Units 1,194 6,104 12,128
Renter Occupied Units 231 1,209 4,805
Vacant Units 44 223 642
EMPLOYMENTEmployers
No. of Employees (px)
Business Activity Address City State
Western Union Co 5,000 - 9,999 Money Transfer Service 7001 E Belleview Ave Denver CO
Arapahoe County Attorney 5,000 - 9,999 5334 S Prince St Littleton CO
Clubware 1,000 - 4,999 Computer Software-Manufacturers 3801 E Florida Ave Denver CO
Denver Elite Limousine 1,000 - 4,999 Limousine Service 1625 S Birch St Denver CO
Environment Office 1,000 - 4,999State Government-Environmental
Programs4300 E Cherry Creek
South Dr Denver CO
Porter Adventist Hospital 1,000 - 4,999 Hospitals 2525 S Downing St Denver CO
Public Health & Environment 500 - 9994300 E Cherry Creek
South Dr Denver CO
Swedish Medical Ctr 500 - 999 Hospitals 501 E Hampden Ave Englewood CO
VA Office Of Community Care 500 - 999 Health Services3773 E Cherry Creek
North Dr Denver CO
Arapahoe Community College 500 - 999Junior-Community College-Tech
Institutes5900 S Santa Fe Dr Littleton CO
Arapahoe County 500 - 999 5334 S Prince St Littleton CO
Chuze Fitness 250 - 499 Health Clubs Studios & Gymnasiums 2253 S Monaco Pkwy Denver CO
Commercial Cleaning Systems 250 - 499 Janitor Service 1485 S Lipan St Denver CO
Craig Hospital 250 - 499 Hospitals 3425 S Clarkson St Englewood CO
Littleton Adventist Hospital 250 - 499 Hospitals 7700 S Broadway Littleton CO
Ludvik Electric 250 - 499 Electric Contractors 3900 S Teller St Lakewood CO
Master Klean Janitorial Inc 250 - 499 Janitor Service 2149 S Clermont St Denver CO
Pelligrini Solutions 250 - 499 Marketing Consultants 2696 S Colorado Blvd Denver CO
Transportation Department 250 - 499 4201 E Arkansas Ave Denver CO
Universal Lending Corp 250 - 499 Real Estate Loans 6775 E Evans Ave Denver CO
YMCA Of Metropolitan Denver 250 - 499 Youth Organizations & Centers 3901 E Yale Ave Denver CO
City Of Littleton 250 - 499Twp
2255 W Berry Ave Littleton CO
Colorado Mental Health Inst 250 - 499 Hospitals 3520 W Oxford Ave Denver CO
Englewood City Hall 250 - 499Twp
1000 Englewood Pkwy Englewood CO
Front Range Stone Fabrica-tions
250 - 499 Marble-Natural (Whls) 2195 S Raritan St Englewood CO
Karcher North America 250 - 499Cleaning Systems-Pressure Chemical-
Mfrs1351 W Stanford Ave Englewood CO
Windsor Industries Inc 250 - 499 Pressure Washing Equipment (Whls) 1351 W Stanford Ave Englewood CO
APPENDIX
DOWNTOWNLITTLETONHistoric Downtown Littleton is located approximately nine miles south of 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.
In addition to housing these historic sites, Downtown Littleton hosts community events including a Mardi Gras celebration, block party, hoedown, western week, sidewalk sale, zombie crawl, pig roast, candlelight walk, and holiday shopping. Additionally, Downtown Littleton’s Town Hall Arts Center enriches the cultural, social, and educational life of the community through professionally produced live theatre, concerts, other cultural events and year-round educational programs for children and adults.
Over 220 businesses in Downtown Littleton, including art galleries, antique shops, specialty shops, clothing boutiques, and both trendy and quaint restaurants and bars.
Downtown Littleton is also home to the Littleton Museum, which showcases the town’s historic agricultural roots with two working farms.
CITY OF DENVERNOTABLE RANKINGS#2 BEST PLACES TO LIVE(U.S. NEWS & WORLD REPORT 2019)
#1 IN ECONOMIC& JOB GROWTH
(AREA DEVELOPMENT, 2015)
#1 IN ECONOMICRANKING
(USNEWS.COM, 2019)
3RD HEALTHIEST CITYIN THE NATION
(FORBES, 2016)
7TH BEST STATEIN WHICH TO
MAKE A LIVING(FORBES, 2016)
TOP 10 PLACESIN THE U.S. TO TRAVEL
(LONELY PLANET, 2016)
4TH BEST CITYFOR BIKE RIDING
IN THE U.S.(WALK SCORE, 2015)
4th BEST PLACE INAMERICA FOR
BUSINESS & CAREERS(FORBES, 2019)
6TH FASTESTGROWING METROAREA IN THE U.S.
(FORBES, 2016)
#1 IN THE NATION FORLARGEST INCREASE IN
RESIDENTS WITHCOLLEGE DEGREES
(U.S. CENSUS BUREAU, 2014)
3RD BEST CITY FORCOLLEGE GRADS
(RENT.COM, 2015)
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!
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
DENVER METRO
17th & Peal Apartments, a 315-unit apartment with 9,000 sq. ft. of retail.
Alexan 20th St Station, a 358-unit apartment with street level retail. Block 162, a full block project that included a 680,000 sq. ft. office tower and separate tower hotel.
Tabor Center Tower Two, a 33 story 700,000 sq. ft. office tower would be the largest development in Denver since 1985.
Market Station, Lodo, comprised of nearly a full block off the 16th St Mallin Downtown Denver, the development consists of 80,000 SF retail space, 95,000 SF office space & 225 apartments.
McGregor Square, Lodo, a project located across the street from Coors Field, it features 3 connected structures - an 11-story office building, a 13 story condominium and hotel buildings surrounding a center courtyard. Lower floors will feature retail tenants.
DENVER GROWTH
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 705,439 residents (as of May 2019). An estimated 2.9 million people live in Denver Metro as a whole, with more people moving to the area each year, as this number is expected to grow by 12.6 percent over the next five years, compared to 3.7 percent nationally. Currently 100+ pe pleare immigrating to the city each day. The Denver Metro accounts for over half of the population in the entire state of Colorado, which is home to an estimated 5.5 million people.
CONSTRUCTIONAs one of the fastest-growing metros in the nation, Denver is thriving with new construction. This new construction will help accommodate the population growth throughout the metro. Some current projects include:
EMPLOYERS IN THEDENVER METRO
Kaiser Permanente
Liberty Tax Service
Western Union
University of Colorado
Children’s Hospital
Wells Fargo
Denver International Airport
Lockheed Martin
Health ONE Corporation
Centura Health
SCL Health Systems
Comcast
CenturyLink
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:
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. 5000list of the nation’s fastest-growing private companies for the year 2017.
LIGHT RAIL
Denver International Airport (DIA)
Theatre District
Convention Center
Sports Authority Field at Mile High
Pepsi Center
16th Street Mall
Park Meadows Mall.
The Regional Transportation District (RTD) operates 365 days a year to quickly connect travelers to their
destination. As part of RTD, the 58-mile rail system features nine rail lines servicing 62 stations along the
Denver metro’s North, East, Southeast, Southwest, and West rail corridors.
Popular destinations include:
RTD’s rail system has transformed people’s commutes and the communities they live in. The 23-mile
stretch from Downtown Denver to DIA is now just a 30-minute ride via light rail. The light rail is also
attributed with revitalizing neighborhoods across the Denver metro, including Five Points and West
Colfax. An average of 64,000 people utilize the light rail each day, making it eighth-largest
system in the country, even though Denver is 21st in the nation in terms of population.
DENVER INTERNATIONALAIRPORT (DIA)Denver International Airport (DEN), also known as DIA, opened to the public on February 28, 1995 and at 34,000 acres, remains the largest and newest commercial airport in the United States, and the 2nd largest airport in the world by size and the 20th busiest airport in the world. It’s known around the world for its striking tented roof structure and technologically advanced operations. Over the past twenty years, DIA has established itself as the primary employer and economic driver in the Denver metro, supporting nearly 190,000 jobs and generating more than $26 billion in annual revenue. Served a record setting 64.5 Million passengers in 2018.
The airport serves over 170 destinations including 20 international cities in nine countries.
DIA is just 30 minutes from Union Station via the East Rail line. DIA has room to double its current capacity to remain competitive in the growing global aviation marketplace. DIA broke ground in May of 2018 on a $2.0 billion gate expansion project. The project will add 39 gates across all three concourses in the next four years, bringing the total to 150.
The expansion will utilize the airport’s original “telescoping” design by expanding astward and westward at the ends. The expansion is expected to be completed by the end of 2022.
DIA is among the first airports in North America to secure internationally recognized accreditation for measuring and reducing carbon emissions.
CAPSTONE BROKERS3765 S BROADWAY
ENGLEWOOD, CO 80113
ANTHONY BOBAYInvestment Sales Advisor
TRAVIS HODGESenior Advisor
[email protected] 404.259.8171
EMILY HAMPSONTransaction Coordinator
[email protected] 719.776.0916
KIM HOFFMarketing Manager
Capstone Apartment Partners has been engaged as the exclusive listing Broker representative of the Owner for the sale of this property. No contact shall be made by any prospective purchaser or agents to the Owner, its executives, staff, personnel, tenants, or related parties.
This Investment Offering Memorandum is a confidential solicitation of interest, and the information provided herein is provided for the sole purpose of considering the purchase of the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property or to terminate discussions with any entity at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering Memorandum or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Purchase Agreement on terms acceptable to the Owner. By receipt of this Offering Memorandum, prospective purchaser will be deemed to have acknowledged the foregoing and agrees to release the Owner from any and all liability with respect hereto. The enclosed materials are being provided solely to facilitate the prospective purchaser’s own due diligence for which the purchaser shall be fully and solely responsible. All information contained herein is confidential in nature, and recipient agrees not to photocopy, duplicate, forward, distribute, or solicit third party interest without written permission and consent from Owner or Capstone Apartment Partners.
Neither Capstone Apartment Partners nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied upon as a promise or representation as to the future performance of the Property.
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CONFIDENTIALITY DISCLAIMER
