9
3665 John F. Kennedy Pkwy, Bldg 2, Suite 202 Fort Collins, CO 80525 +1 970 663 3150 naiaffinity.com For more information : Jake Hallauer, CCIM +1 970 305 8113 [email protected] Ryan Schaefer +1 970 663 3150 [email protected] Mark Bishop +1 970 305 8136 [email protected] NEW CONSTRUCTION FLEX CONDOS FOR SALE OR BUILDING FOR LEASE NEW CONSTRUCTION FLEX CONDO UNITS AVAILABLE Available: 2,240± SF to 24,080± SF* (Lease available for entire building only) Sale Price: $170.00 - $220.00 / SF (Core & Shell) Click here for Core & Shell specs Lease Rate: $12.95 / SF NNN ($10.00 / SF TI Allowance) Clear Height: 20’ ± Bay Depth: 80’ ± Free span condo units available for sale or lease available for the entire building only. The 27,520± sq. ft. building can be demised down to 2,240± sq. ft units with approximately 80’ bay depth. Three units will have opportunity for dock high doors. *Each bay is 2,240± SF that can include 1,200± SF of mezzanine, for a total of 3,440± SF. Seller can install mezzanine prior to closing, or mezzanine can be excluded. 2534 - 4691 CONCORDE AVE, JOHNSTOWN, CO 80534 2534 & Johnstown Plaza Springs at 2534 212 Apartment LARIMER PKWY UNION ST THOMPSON PKWY The Gateway at 2534 Phase II 236 Apartment Units -Coming 2019 250,000 sq. ft. sporting goods store INTERSTATE 25 84,000 VPD 54,000 VPD HIGHWAY 34 Under Contract Sold Sold SITE High quality flex building within the 2534 Business Park. This project is located in the heart of Northern Colorado’s fastest growing residential and employment areas, at the intersection of the region’s 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. CONCORDE AVE TRADE ST Under Contract RONALD REAGAN BLVD UNDER CONSTRUCTION Core & Shell delivery anticipated for August 1st, 2019 The Gateway at 2534 254 Apartment Units

NEW CONSTRUCTION FLEX CONDOS FOR SALE OR BUILDING … · 2019. 6. 27. · Project No: H:\Brannen Design\CO, Johnstown - BNN000001 - 2534 Flex Industrial\CADD\3-CD\BNN1_C2.0_HC.dwg

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Page 1: NEW CONSTRUCTION FLEX CONDOS FOR SALE OR BUILDING … · 2019. 6. 27. · Project No: H:\Brannen Design\CO, Johnstown - BNN000001 - 2534 Flex Industrial\CADD\3-CD\BNN1_C2.0_HC.dwg

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

NEW CONSTRUCTION FLEX CONDOS FOR SALE OR BUILDING FOR LEASE

NEW CONSTRUCTION FLEX CONDO UNITS AVAILABLEAvailable 2240plusmn SF to 24080plusmn SF (Lease available for entire building only)Sale Price $17000 - $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 plusmn

Free span condo units available for sale or lease available for the entire building only The 27520plusmn 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

Each bay is 2240plusmn SF that can include 1200plusmn SF of mezzanine for a total of 3440plusmn SF Seller can install mezzanine prior to closing or mezzanine can be excluded

2534 - 4691 CONCORDE AVE JOHNSTOWN CO 80534

2534 amp Johnstown Plaza

Springs at 2534212 Apartment

LARIMER PKW

Y

UNION ST

THOM

PSON

PKW

YThe Gateway at 2534 Phase II

236 Apartment Units -Coming 2019

250000 sq ft sporting goods store

INTE

RSTATE

25

84000 VPD54000 VPDHIGHWAY 34

Under Contract Sold

SoldSITE

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

CONCORDE AVE

TRADE STUnder Contract

RONALD REAGAN BLVD

UNDER CONSTRUCTION

Core amp Shell delivery anticipated for August 1st 2019

The Gateway at 2534 254 Apartment Units

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

SITE PLAN amp BUILDING PLAN

Conceptual Site Plan subject to change Buyer to verify

PP

PP

P

PP

PP

PP

P

PP

PP

PP

PP

PP

PP

P

PP

315235

80

80

5

30

155

30

215

135

(15S

PACE

S)

54(6

SPAC

ES)

86(9

SPAC

ES)

54(6

SPAC

ES)

6

20

224 224

ENDEAVOR DRIVE

24

N=4580408E=3122530

N=4580923E=3124326

N=4580942E=3126726

N=4580456E=3128530

N=4557157E=3128716

N=4557084E=3122716

N=4579767E=3150849

N=4584410E=3116498

N=4584710E=3154084

N=4551774E=3149636

N=4551511E=3116761

5

18

9(T

YP)

9(T

YP)

1

1

1

1

1

1

11

2

2

2

5

235 5 315

524

5

524

5

5

18

9(T

YP)

5

3

R20

4

PROPOSED SAWCUT

PROPOSED SAWCUT

PROPOSED SAWCUT

R20

R20

R20

R20

R20 R20

R10R10

R150R150

24

73(7

SPAC

ES)

3

R45

R45

R5

18 1067

18

9(T

YP)

1067

3

59

(TYP

)

1067

3

R5

R3

18

4

15705

1996

3311

362

455

7733

12

R10 1313

24

135

1355

55

1474

3313

1478

142 1432

135

135

50 KANEB EASEMENT

252525 BUILDINGSETBACK

25 BUILDINGSETBACK

30 CONCORDE AVENUEACCESS AND UTILITY EASEMENT

15 DRAINAGE EASEMENT

20 UTILITY EASEMENT

55

15R45

R45

11

5

CANOPY COLUMNS(TYP)

5

5

10

30A

CCES

SAN

DUT

ILIT

YEA

SEME

NT20

UTI

LITY

EASE

MENT

STAIRS w SIX 7 RISERS ANDONE 6 RISER (CURB FACE)AND SIX 12 TREADS SEEARCHITECTURAL PLANSFOR HANDRAILS

6

6

6

R150

N=4553684E=3123147

N=4553609E=3124046

067

067

28

28

7

7

8

8

9

9

9

6

ENDEAVOR DRIVE

S

WF

gtgt

gtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgt

gtgt

gt

gtgt

255

105

714

105

255

PERVIOUSMATERIAL

3 CONCRETEV PAN

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

lCAD

D3

-CD

BN

N1_

C2

0_H

Cd

wg

-Nat

eW

hitc

omb

-27

201

9

BNN000001

08082018

Init Issue DescriptionDate

2534

FLEX

IND

UST

RIA

L

JOH

NST

OW

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

BRANNEN DESIGN AND CONSTRUCTIONPO BOX 270578

FORT COLLINS CO 80527(970) 988-0238

080818

( IN FEET )1 inch = ft

0 Feet20 20

20

40 60

ROTATION 0deg

NOTES

1 THE SIZE TYPE AND LOCATION OF ALL KNOWN UNDERGROUND UTILITIES ARE APPROXIMATE WHENSHOWN ON THESE DRAWINGS IT SHALL BE THE RESPONSIBILITY OF THE CONTRACTOR TO VERIFYTHE EXISTENCE OF ALL UNDERGROUND UTILITIES IN THE AREA OF THE WORK BEFORE COMMENCINGNEW CONSTRUCTION THE CONTRACTOR SHALL BE RESPONSIBLE FOR LOCATING ALL UNDERGROUNDUTILITIES AND SHALL BE RESPONSIBLE FOR ALL UNKNOWN UNDERGROUND UTILITIES

2 SEE GEOTECH REPORT FOR PAVEMENT AND SUBGRADE PREPARATION DESIGN ANDRECOMMENDATIONS FOR DRIVE AISLE AND PARKING SPACES SEE PAVEMENT SECTIONS ON SHEETC21

3 REFER TO LANDSCAPE PLANS FOR STREET TREE INFORMATION AND SURVEY DOCUMENTS FORADDITIONAL RIGHT-OF-WAY EASEMENT AND ROADWAY CENTERLINE INFORMATION

4 BUILDING POINTS ARE AT CORNERS OF NOMINAL BUILDING FOOTPRINTS CONTRACTOR SHALLCONFIRM ALL BUILDING CORNERS AND DIMENSIONS WITH ARCHITECT PRIOR TO CALLING FOR STAKES

5 ALL DIMENSIONS REFERENCE FLOWLINE BUILDING OR PROPERTY LINE UNLESS SPECIFIEDOTHERWISE

6 CONTRACTOR TO COORDINATE WITH CIVIL ENGINEER AND ARCHITECT PRIOR TO STAKING BUILDINGCOORDINATES

7 ALL PRIMARY CURB AND BUILDING LINES ARE PARALLEL AND PERPENDICULAR TO WEST PROPERTYLINE RUNNING NORTH-SOUTH

8 FOR ALL CATCH AND SPILL CURB INFORMATION AND TRANSITIONS SEE GRADING PLANS C30

9 ALL STRIPING AND PAVEMENT MARKINGS SHALL COMPLY WITH THE MUTCD AND SECTION 627 OF THECDOT SPECIFICATIONS

10 ALL TRAFFIC CONTROL SIGNS SHALL CONFORM TO THE REQUIREMENTS OF THE MUTCD WITH REGARDTO SIGN TYPE SIZE LOCATION AND MOUNTING SPECIFICATIONS

11 ALL ON-SITE CURB AND GUTTER SHALL BE 18 CATCH OR SPILL CURB AND GUTTER UNLESS NOTEDOTHERWISE ON THESE PLANS (SEE DETAIL SHEET C21)

12 ALL HC RAMPS SHALL HAVE TRUNCATED DOMES PER DETAIL ON DETAIL SHEET C21

13 REFER TO DETAIL SHEET C21 FOR HC PARKING STALL DETAILS AND SIGN REQUIREMENTS - ALLSPACES ARE VAN ACCESSIBLE AND SHOULD BE POSTED AS SUCH PROVIDE 25 CLEAR FROMFLOWLINE TO POST

14 THERE SHALL BE A 3 MINIMUM TRANSITION FROM SPILL TO CATCH CURB AND GUTTER

Date

Date

CALL 2 BUSINESS DAYS IN ADVANCE BEFORE YOUDIG GRADE OR EXCAVATE FOR THE MARKING OF

UNDERGROUND MEMBER UTILITIES

CALL UTILITY NOTIFICATION CENTER OFCOLORADO

R

1 TRUNCATED DOME

2 STOP SIGN

3 TRASH ENCLOSURE (SEE ARCHITECTURAL DETAILS)

CONCRETE

4 4 SIDEWALK CHASE

5 HANDICAP RAMP

6 HANDICAP PARKING SIGN

7 DOCK WALL (SEE ARCHITECTURAL DETAILS)

8 TYPE III BARICADE

HEAVY DUTY PAVEMENT

LIGHT DUTY PAVEMENT

9 FIRE LANE NO PARKING SIGN

1 012219 PARKING LOT REVISIONS JEP

Date

Date

FEB 07 2019

CONC

ORDE

AVE

NUE

ENDEAVOR DRIVE

8 CONDO UNITS(each 2240plusmn SF)

(1200plusmn SF mezzanine can be installed for a total of 3440plusmn SF prior to closing or can be

excluded)

AVAILABLE 2240plusmn SF to 24080plusmn SF

(Lease available for entire building only)

SALE PRICE $17000 - $22000 SF (Core amp Shell)

LEASE RATE FOR BUILDING$1295 SF NNN

($1000 SF TI Allowance)

CLEAR HEIGHT 20rsquo plusmn

BAY DEPTH 80rsquo plusmn

$190SF (w mezz)

$220SF (wo mezz)

North

North

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

$170SF (w mezz)

$200SF (wo mezz)

$170SF (w mezz)

$200SF (wo mezz)

$170SF (w mezz)

$200SF (wo mezz)

$170SF (w mezz)

$200SF (wo mezz)

$170SF (w mezz)

$200SF (wo mezz)

$170SF (w mezz)

$200SF (wo mezz)

UNDER CONTRACT

UNDER CONTRACT

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

MAIN FLOOR

SECOND FLOOR

INTERIOR PHOTOS AND FLOOR PLAN ARE FROM A SIMILAR PROPERTY AND ARE BEING USED TO GIVE A SENSE OF POTENTIAL FINISHES AND LAYOUT

REPRESENTATIVE INTERIOR PHOTOS amp FLOOR PLAN

OFFICE LAYOUT

KITCHENETTERESTROOM

PRIVATE OFFICE CONFERENCE AREA

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

BUILDING PHOTOS Core amp Shell delivery anticipated for August 1st 2019

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

OWN VS LEASE ANALYSIS - ENTIRE BUILDINGOwnership Assumptions Lease Assumptions

Building Area (sf) 27520 Rental AssumptionsLeased Space (SF) 27520

Project Cost Lease Term (Years) 10Purchase Price ($17375 psf) 4781600$ TI Allowance PSF 1000$ Tenant Improvements (TI) $4000 psf 1100800$ Total TI Allowance 275200$ Total Project Cost 5882400 Base Rent PSF (Year 1) 1295$

NNN Expenses PSF (Year 1) 600$ Loan Data (Bank Loan) Gross Rental Rate PSF (Year 1) 1895$ Total Project Cost Plus Financing Costs 5952400$ Loan Amount (1st Mortgage) 2976200$ EscalationsDown Payment (1st amp 2nd Mortgage) 595240$ Rent 3Closing Costs amp Origination Fee 30000$ Expenses 2Interim 2nd Mortgage Costs amp Interest 20000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Loan Data (SBA 504 Loan)Loan Amount (SBA 2nd Mortgage) 2380960$ Closing Costs amp Origination Fee 20000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Annual Operating Expenses (Est $600 psf)Property Taxes 110281$ Property Insurance 10000$ Common Area Maintenance 44800$

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 (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (3758091)$Down Payment (595240)$ (595240)$ Total Financing Expenses (595240)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (4353331)$

Operating ExpensesCAM -$ (44800)$ (45696)$ (46610)$ (47542)$ (48493)$ (49463)$ (50452)$ (51461)$ (52490)$ (53540)$ (490548)$ Insurance -$ (10000)$ (10200)$ (10404)$ (10612)$ (10824)$ (11041)$ (11262)$ (11487)$ (11717)$ (11951)$ (109497)$ Property Taxes -$ (110281)$ (112487)$ (114736)$ (117031)$ (119372)$ (121759)$ (124194)$ (126678)$ (129212)$ (131796)$ (1207545)$Total Operating Expenses -$ (165081)$ (168383)$ (171750)$ (175185)$ (178689)$ (182263)$ (185908)$ (189626)$ (193419)$ (197287)$ (1807590)$

Total Annual ExpensesTotal Financing Expenses (595240)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (4353331)$Total Operating Expenses -$ (165081)$ (168383)$ (171750)$ (175185)$ (178689)$ (182263)$ (185908)$ (189626)$ (193419)$ (197287)$ (1807590)$Total Annual Expenses (595240)$ (540890)$ (544192)$ (547559)$ (550994)$ (554498)$ (558072)$ (561717)$ (565435)$ (569228)$ (573096)$ (6160921)$Less Loan Principal Reduction -$ 110460$ 116111$ 122051$ 128296$ 134860$ 141759$ 149012$ 156636$ 164650$ 173073$ 1396908$ Total Annual Cost of Ownership (595240)$ (430430)$ (428081)$ (425508)$ (422698)$ (419638)$ (416312)$ (412705)$ (408799)$ (404578)$ (400023)$ (4764013)$Total Annual Cost of Ownership PSF (2163)$ (1564)$ (1556)$ (1546)$ (1536)$ (1525)$ (1513)$ (1500)$ (1485)$ (1470)$ (1454)$ (17311)$

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 -$ (356384)$ (367076)$ (378088)$ (389430)$ (401113)$ (413147)$ (425541)$ (438307)$ (451457)$ (465000)$ (4085543)$Annual NNN Expenses -$ (165120)$ (168422)$ (171791)$ (175227)$ (178731)$ (182306)$ (185952)$ (189671)$ (193464)$ (197334)$ (1808018)$Tenant Funded TI (825600)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (825600)$ Total Expense (825600)$ (521504)$ (535498)$ (549879)$ (564657)$ (579845)$ (595453)$ (611493)$ (627978)$ (644921)$ (662334)$ (6719161)$Total Expense PSF (3000)$ (1895)$ (1946)$ (1998)$ (2052)$ (2107)$ (2164)$ (2222)$ (2282)$ (2343)$ (2407)$ (24416)$

POTENTIAL NET SAVINGS OF OWNING VS LEASING OVER 10 YEARS 1955148$ 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 costFactors in principal reduction

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

OWN VS LEASE ANALYSIS - ONE CONDO UNITOwnership Assumptions Lease Assumptions

Building (Condo) Area (sf) 3440 Rental AssumptionsLeased Space (SF) 3440

Project Cost Lease Term (Years) 10Purchase Price ($170 psf) 584800$ TI Allowance PSF 1000$ Tenant Improvements (TI) $4000 psf 137600$ Total TI Allowance 34400$ Total Project Cost 722400 Base Rent PSF (Year 1) 1300$

NNN Expenses PSF (Year 1) 600$ Loan Data (Bank Loan) Gross Rental Rate PSF (Year 1) 1900$ Total Project Cost Plus Financing Costs 739900$ Loan Amount (1st Mortgage) 369950$ EscalationsDown Payment (1st amp 2nd Mortgage) 73990$ Rent 3Closing Costs amp Origination Fee 7500$ Expenses 2Interim 2nd Mortgage Costs amp Interest 5000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Loan Data (SBA 504 Loan)Loan Amount (SBA 2nd Mortgage) 295960$ Closing Costs amp Origination Fee 5000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Annual Operating Expenses (Est $600 psf)Property Taxes 10956$ Property Insurance 3525$ Common Area Maintenance 6160$

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 (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (467141)$ Down Payment (73990)$ (73990)$ Total Financing Expenses (73990)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (541131)$

Operating ExpensesCAM -$ (6160)$ (6283)$ (6409)$ (6537)$ (6668)$ (6801)$ (6937)$ (7076)$ (7217)$ (7362)$ (67450)$ Insurance -$ (3525)$ (3596)$ (3667)$ (3741)$ (3816)$ (3892)$ (3970)$ (4049)$ (4130)$ (4213)$ (38598)$ Property Taxes -$ (10956)$ (11176)$ (11399)$ (11627)$ (11860)$ (12097)$ (12339)$ (12585)$ (12837)$ (13094)$ (119970)$ Total Operating Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$

Total Annual ExpensesTotal Financing Expenses (73990)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (541131)$ Total Operating Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$ Total Annual Expenses (73990)$ (67356)$ (67768)$ (68189)$ (68619)$ (69057)$ (69504)$ (69960)$ (70425)$ (70899)$ (71383)$ (767149)$ Less Loan Principal Reduction -$ 13730$ 14433$ 15171$ 15948$ 16763$ 17621$ 18523$ 19470$ 20466$ 21514$ 173640$ Total Annual Cost of Ownership (73990)$ (53625)$ (53335)$ (53018)$ (52671)$ (52294)$ (51883)$ (51437)$ (50954)$ (50432)$ (49869)$ (593509)$ Total Annual Cost of Ownership PSF (2151)$ (1559)$ (1550)$ (1541)$ (1531)$ (1520)$ (1508)$ (1495)$ (1481)$ (1466)$ (1450)$ (17253)$

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 -$ (44720)$ (46062)$ (47443)$ (48867)$ (50333)$ (51843)$ (53398)$ (55000)$ (56650)$ (58349)$ (512665)$ Annual NNN Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$ Tenant Funded TI (103200)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (103200)$ Total Expense (103200)$ (65361)$ (67116)$ (68919)$ (70772)$ (72676)$ (74633)$ (76644)$ (78710)$ (80835)$ (83018)$ (841882)$ Total Expense PSF (3000)$ (1900)$ (1951)$ (2003)$ (2057)$ (2113)$ (2170)$ (2228)$ (2288)$ (2350)$ (2413)$ (24473)$

POTENTIAL NET SAVINGS OF OWNING VS LEASING OVER 10 YEARS 248373$ 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 costFactors in principal reduction

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

EXECUTIVE SUMMARYNORTHERN 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-MILES2018 Est Population 8585 42732 110470

2023 Projected Population 10674 50139 123921

2018 Avg Household Income $120439 $99052 $90513

Bachelorrsquos Degree or Higher 486 421 383

Median Age 420 393 396

Daytime Employment 13469 29919 56220

Source Site To Do Business March 2019

DEMOGRAPHICS

REGIONAL EMPLOYERS

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

UTILITY PROVIDERS Electric - Xcel Energy

Gas - Xcel Energy Water - Town of Johnstown

Sewer - Town of Johnstown

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

UTILITIES ZONING amp MARKET DATAMARKET 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

UNEMPLOYMENT RATES

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

NORTHERN COLORADO 28

COLORADO 34

US 36

APRIL 2019

Source wwwdeptofnumberscomunemploymentcolorado

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

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 | 2019

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

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

Page 2: NEW CONSTRUCTION FLEX CONDOS FOR SALE OR BUILDING … · 2019. 6. 27. · Project No: H:\Brannen Design\CO, Johnstown - BNN000001 - 2534 Flex Industrial\CADD\3-CD\BNN1_C2.0_HC.dwg

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

SITE PLAN amp BUILDING PLAN

Conceptual Site Plan subject to change Buyer to verify

PP

PP

P

PP

PP

PP

P

PP

PP

PP

PP

PP

PP

P

PP

315235

80

80

5

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(15S

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54(6

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86(9

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ES)

54(6

SPAC

ES)

6

20

224 224

ENDEAVOR DRIVE

24

N=4580408E=3122530

N=4580923E=3124326

N=4580942E=3126726

N=4580456E=3128530

N=4557157E=3128716

N=4557084E=3122716

N=4579767E=3150849

N=4584410E=3116498

N=4584710E=3154084

N=4551774E=3149636

N=4551511E=3116761

5

18

9(T

YP)

9(T

YP)

1

1

1

1

1

1

11

2

2

2

5

235 5 315

524

5

524

5

5

18

9(T

YP)

5

3

R20

4

PROPOSED SAWCUT

PROPOSED SAWCUT

PROPOSED SAWCUT

R20

R20

R20

R20

R20 R20

R10R10

R150R150

24

73(7

SPAC

ES)

3

R45

R45

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18 1067

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3

59

(TYP

)

1067

3

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18

4

15705

1996

3311

362

455

7733

12

R10 1313

24

135

1355

55

1474

3313

1478

142 1432

135

135

50 KANEB EASEMENT

252525 BUILDINGSETBACK

25 BUILDINGSETBACK

30 CONCORDE AVENUEACCESS AND UTILITY EASEMENT

15 DRAINAGE EASEMENT

20 UTILITY EASEMENT

55

15R45

R45

11

5

CANOPY COLUMNS(TYP)

5

5

10

30A

CCES

SAN

DUT

ILIT

YEA

SEME

NT20

UTI

LITY

EASE

MENT

STAIRS w SIX 7 RISERS ANDONE 6 RISER (CURB FACE)AND SIX 12 TREADS SEEARCHITECTURAL PLANSFOR HANDRAILS

6

6

6

R150

N=4553684E=3123147

N=4553609E=3124046

067

067

28

28

7

7

8

8

9

9

9

6

ENDEAVOR DRIVE

S

WF

gtgt

gtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgtgt

gtgt

gt

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255

105

714

105

255

PERVIOUSMATERIAL

3 CONCRETEV PAN

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

lCAD

D3

-CD

BN

N1_

C2

0_H

Cd

wg

-Nat

eW

hitc

omb

-27

201

9

BNN000001

08082018

Init Issue DescriptionDate

2534

FLEX

IND

UST

RIA

L

JOH

NST

OW

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

BRANNEN DESIGN AND CONSTRUCTIONPO BOX 270578

FORT COLLINS CO 80527(970) 988-0238

080818

( IN FEET )1 inch = ft

0 Feet20 20

20

40 60

ROTATION 0deg

NOTES

1 THE SIZE TYPE AND LOCATION OF ALL KNOWN UNDERGROUND UTILITIES ARE APPROXIMATE WHENSHOWN ON THESE DRAWINGS IT SHALL BE THE RESPONSIBILITY OF THE CONTRACTOR TO VERIFYTHE EXISTENCE OF ALL UNDERGROUND UTILITIES IN THE AREA OF THE WORK BEFORE COMMENCINGNEW CONSTRUCTION THE CONTRACTOR SHALL BE RESPONSIBLE FOR LOCATING ALL UNDERGROUNDUTILITIES AND SHALL BE RESPONSIBLE FOR ALL UNKNOWN UNDERGROUND UTILITIES

2 SEE GEOTECH REPORT FOR PAVEMENT AND SUBGRADE PREPARATION DESIGN ANDRECOMMENDATIONS FOR DRIVE AISLE AND PARKING SPACES SEE PAVEMENT SECTIONS ON SHEETC21

3 REFER TO LANDSCAPE PLANS FOR STREET TREE INFORMATION AND SURVEY DOCUMENTS FORADDITIONAL RIGHT-OF-WAY EASEMENT AND ROADWAY CENTERLINE INFORMATION

4 BUILDING POINTS ARE AT CORNERS OF NOMINAL BUILDING FOOTPRINTS CONTRACTOR SHALLCONFIRM ALL BUILDING CORNERS AND DIMENSIONS WITH ARCHITECT PRIOR TO CALLING FOR STAKES

5 ALL DIMENSIONS REFERENCE FLOWLINE BUILDING OR PROPERTY LINE UNLESS SPECIFIEDOTHERWISE

6 CONTRACTOR TO COORDINATE WITH CIVIL ENGINEER AND ARCHITECT PRIOR TO STAKING BUILDINGCOORDINATES

7 ALL PRIMARY CURB AND BUILDING LINES ARE PARALLEL AND PERPENDICULAR TO WEST PROPERTYLINE RUNNING NORTH-SOUTH

8 FOR ALL CATCH AND SPILL CURB INFORMATION AND TRANSITIONS SEE GRADING PLANS C30

9 ALL STRIPING AND PAVEMENT MARKINGS SHALL COMPLY WITH THE MUTCD AND SECTION 627 OF THECDOT SPECIFICATIONS

10 ALL TRAFFIC CONTROL SIGNS SHALL CONFORM TO THE REQUIREMENTS OF THE MUTCD WITH REGARDTO SIGN TYPE SIZE LOCATION AND MOUNTING SPECIFICATIONS

11 ALL ON-SITE CURB AND GUTTER SHALL BE 18 CATCH OR SPILL CURB AND GUTTER UNLESS NOTEDOTHERWISE ON THESE PLANS (SEE DETAIL SHEET C21)

12 ALL HC RAMPS SHALL HAVE TRUNCATED DOMES PER DETAIL ON DETAIL SHEET C21

13 REFER TO DETAIL SHEET C21 FOR HC PARKING STALL DETAILS AND SIGN REQUIREMENTS - ALLSPACES ARE VAN ACCESSIBLE AND SHOULD BE POSTED AS SUCH PROVIDE 25 CLEAR FROMFLOWLINE TO POST

14 THERE SHALL BE A 3 MINIMUM TRANSITION FROM SPILL TO CATCH CURB AND GUTTER

Date

Date

CALL 2 BUSINESS DAYS IN ADVANCE BEFORE YOUDIG GRADE OR EXCAVATE FOR THE MARKING OF

UNDERGROUND MEMBER UTILITIES

CALL UTILITY NOTIFICATION CENTER OFCOLORADO

R

1 TRUNCATED DOME

2 STOP SIGN

3 TRASH ENCLOSURE (SEE ARCHITECTURAL DETAILS)

CONCRETE

4 4 SIDEWALK CHASE

5 HANDICAP RAMP

6 HANDICAP PARKING SIGN

7 DOCK WALL (SEE ARCHITECTURAL DETAILS)

8 TYPE III BARICADE

HEAVY DUTY PAVEMENT

LIGHT DUTY PAVEMENT

9 FIRE LANE NO PARKING SIGN

1 012219 PARKING LOT REVISIONS JEP

Date

Date

FEB 07 2019

CONC

ORDE

AVE

NUE

ENDEAVOR DRIVE

8 CONDO UNITS(each 2240plusmn SF)

(1200plusmn SF mezzanine can be installed for a total of 3440plusmn SF prior to closing or can be

excluded)

AVAILABLE 2240plusmn SF to 24080plusmn SF

(Lease available for entire building only)

SALE PRICE $17000 - $22000 SF (Core amp Shell)

LEASE RATE FOR BUILDING$1295 SF NNN

($1000 SF TI Allowance)

CLEAR HEIGHT 20rsquo plusmn

BAY DEPTH 80rsquo plusmn

$190SF (w mezz)

$220SF (wo mezz)

North

North

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

$170SF (w mezz)

$200SF (wo mezz)

$170SF (w mezz)

$200SF (wo mezz)

$170SF (w mezz)

$200SF (wo mezz)

$170SF (w mezz)

$200SF (wo mezz)

$170SF (w mezz)

$200SF (wo mezz)

$170SF (w mezz)

$200SF (wo mezz)

UNDER CONTRACT

UNDER CONTRACT

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

MAIN FLOOR

SECOND FLOOR

INTERIOR PHOTOS AND FLOOR PLAN ARE FROM A SIMILAR PROPERTY AND ARE BEING USED TO GIVE A SENSE OF POTENTIAL FINISHES AND LAYOUT

REPRESENTATIVE INTERIOR PHOTOS amp FLOOR PLAN

OFFICE LAYOUT

KITCHENETTERESTROOM

PRIVATE OFFICE CONFERENCE AREA

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

BUILDING PHOTOS Core amp Shell delivery anticipated for August 1st 2019

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

OWN VS LEASE ANALYSIS - ENTIRE BUILDINGOwnership Assumptions Lease Assumptions

Building Area (sf) 27520 Rental AssumptionsLeased Space (SF) 27520

Project Cost Lease Term (Years) 10Purchase Price ($17375 psf) 4781600$ TI Allowance PSF 1000$ Tenant Improvements (TI) $4000 psf 1100800$ Total TI Allowance 275200$ Total Project Cost 5882400 Base Rent PSF (Year 1) 1295$

NNN Expenses PSF (Year 1) 600$ Loan Data (Bank Loan) Gross Rental Rate PSF (Year 1) 1895$ Total Project Cost Plus Financing Costs 5952400$ Loan Amount (1st Mortgage) 2976200$ EscalationsDown Payment (1st amp 2nd Mortgage) 595240$ Rent 3Closing Costs amp Origination Fee 30000$ Expenses 2Interim 2nd Mortgage Costs amp Interest 20000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Loan Data (SBA 504 Loan)Loan Amount (SBA 2nd Mortgage) 2380960$ Closing Costs amp Origination Fee 20000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Annual Operating Expenses (Est $600 psf)Property Taxes 110281$ Property Insurance 10000$ Common Area Maintenance 44800$

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 (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (3758091)$Down Payment (595240)$ (595240)$ Total Financing Expenses (595240)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (4353331)$

Operating ExpensesCAM -$ (44800)$ (45696)$ (46610)$ (47542)$ (48493)$ (49463)$ (50452)$ (51461)$ (52490)$ (53540)$ (490548)$ Insurance -$ (10000)$ (10200)$ (10404)$ (10612)$ (10824)$ (11041)$ (11262)$ (11487)$ (11717)$ (11951)$ (109497)$ Property Taxes -$ (110281)$ (112487)$ (114736)$ (117031)$ (119372)$ (121759)$ (124194)$ (126678)$ (129212)$ (131796)$ (1207545)$Total Operating Expenses -$ (165081)$ (168383)$ (171750)$ (175185)$ (178689)$ (182263)$ (185908)$ (189626)$ (193419)$ (197287)$ (1807590)$

Total Annual ExpensesTotal Financing Expenses (595240)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (4353331)$Total Operating Expenses -$ (165081)$ (168383)$ (171750)$ (175185)$ (178689)$ (182263)$ (185908)$ (189626)$ (193419)$ (197287)$ (1807590)$Total Annual Expenses (595240)$ (540890)$ (544192)$ (547559)$ (550994)$ (554498)$ (558072)$ (561717)$ (565435)$ (569228)$ (573096)$ (6160921)$Less Loan Principal Reduction -$ 110460$ 116111$ 122051$ 128296$ 134860$ 141759$ 149012$ 156636$ 164650$ 173073$ 1396908$ Total Annual Cost of Ownership (595240)$ (430430)$ (428081)$ (425508)$ (422698)$ (419638)$ (416312)$ (412705)$ (408799)$ (404578)$ (400023)$ (4764013)$Total Annual Cost of Ownership PSF (2163)$ (1564)$ (1556)$ (1546)$ (1536)$ (1525)$ (1513)$ (1500)$ (1485)$ (1470)$ (1454)$ (17311)$

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 -$ (356384)$ (367076)$ (378088)$ (389430)$ (401113)$ (413147)$ (425541)$ (438307)$ (451457)$ (465000)$ (4085543)$Annual NNN Expenses -$ (165120)$ (168422)$ (171791)$ (175227)$ (178731)$ (182306)$ (185952)$ (189671)$ (193464)$ (197334)$ (1808018)$Tenant Funded TI (825600)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (825600)$ Total Expense (825600)$ (521504)$ (535498)$ (549879)$ (564657)$ (579845)$ (595453)$ (611493)$ (627978)$ (644921)$ (662334)$ (6719161)$Total Expense PSF (3000)$ (1895)$ (1946)$ (1998)$ (2052)$ (2107)$ (2164)$ (2222)$ (2282)$ (2343)$ (2407)$ (24416)$

POTENTIAL NET SAVINGS OF OWNING VS LEASING OVER 10 YEARS 1955148$ 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 costFactors in principal reduction

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

OWN VS LEASE ANALYSIS - ONE CONDO UNITOwnership Assumptions Lease Assumptions

Building (Condo) Area (sf) 3440 Rental AssumptionsLeased Space (SF) 3440

Project Cost Lease Term (Years) 10Purchase Price ($170 psf) 584800$ TI Allowance PSF 1000$ Tenant Improvements (TI) $4000 psf 137600$ Total TI Allowance 34400$ Total Project Cost 722400 Base Rent PSF (Year 1) 1300$

NNN Expenses PSF (Year 1) 600$ Loan Data (Bank Loan) Gross Rental Rate PSF (Year 1) 1900$ Total Project Cost Plus Financing Costs 739900$ Loan Amount (1st Mortgage) 369950$ EscalationsDown Payment (1st amp 2nd Mortgage) 73990$ Rent 3Closing Costs amp Origination Fee 7500$ Expenses 2Interim 2nd Mortgage Costs amp Interest 5000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Loan Data (SBA 504 Loan)Loan Amount (SBA 2nd Mortgage) 295960$ Closing Costs amp Origination Fee 5000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Annual Operating Expenses (Est $600 psf)Property Taxes 10956$ Property Insurance 3525$ Common Area Maintenance 6160$

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 (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (467141)$ Down Payment (73990)$ (73990)$ Total Financing Expenses (73990)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (541131)$

Operating ExpensesCAM -$ (6160)$ (6283)$ (6409)$ (6537)$ (6668)$ (6801)$ (6937)$ (7076)$ (7217)$ (7362)$ (67450)$ Insurance -$ (3525)$ (3596)$ (3667)$ (3741)$ (3816)$ (3892)$ (3970)$ (4049)$ (4130)$ (4213)$ (38598)$ Property Taxes -$ (10956)$ (11176)$ (11399)$ (11627)$ (11860)$ (12097)$ (12339)$ (12585)$ (12837)$ (13094)$ (119970)$ Total Operating Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$

Total Annual ExpensesTotal Financing Expenses (73990)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (541131)$ Total Operating Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$ Total Annual Expenses (73990)$ (67356)$ (67768)$ (68189)$ (68619)$ (69057)$ (69504)$ (69960)$ (70425)$ (70899)$ (71383)$ (767149)$ Less Loan Principal Reduction -$ 13730$ 14433$ 15171$ 15948$ 16763$ 17621$ 18523$ 19470$ 20466$ 21514$ 173640$ Total Annual Cost of Ownership (73990)$ (53625)$ (53335)$ (53018)$ (52671)$ (52294)$ (51883)$ (51437)$ (50954)$ (50432)$ (49869)$ (593509)$ Total Annual Cost of Ownership PSF (2151)$ (1559)$ (1550)$ (1541)$ (1531)$ (1520)$ (1508)$ (1495)$ (1481)$ (1466)$ (1450)$ (17253)$

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 -$ (44720)$ (46062)$ (47443)$ (48867)$ (50333)$ (51843)$ (53398)$ (55000)$ (56650)$ (58349)$ (512665)$ Annual NNN Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$ Tenant Funded TI (103200)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (103200)$ Total Expense (103200)$ (65361)$ (67116)$ (68919)$ (70772)$ (72676)$ (74633)$ (76644)$ (78710)$ (80835)$ (83018)$ (841882)$ Total Expense PSF (3000)$ (1900)$ (1951)$ (2003)$ (2057)$ (2113)$ (2170)$ (2228)$ (2288)$ (2350)$ (2413)$ (24473)$

POTENTIAL NET SAVINGS OF OWNING VS LEASING OVER 10 YEARS 248373$ 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 costFactors in principal reduction

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

EXECUTIVE SUMMARYNORTHERN 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-MILES2018 Est Population 8585 42732 110470

2023 Projected Population 10674 50139 123921

2018 Avg Household Income $120439 $99052 $90513

Bachelorrsquos Degree or Higher 486 421 383

Median Age 420 393 396

Daytime Employment 13469 29919 56220

Source Site To Do Business March 2019

DEMOGRAPHICS

REGIONAL EMPLOYERS

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

UTILITY PROVIDERS Electric - Xcel Energy

Gas - Xcel Energy Water - Town of Johnstown

Sewer - Town of Johnstown

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

UTILITIES ZONING amp MARKET DATAMARKET 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

UNEMPLOYMENT RATES

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

NORTHERN COLORADO 28

COLORADO 34

US 36

APRIL 2019

Source wwwdeptofnumberscomunemploymentcolorado

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

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 | 2019

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

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

Page 3: NEW CONSTRUCTION FLEX CONDOS FOR SALE OR BUILDING … · 2019. 6. 27. · Project No: H:\Brannen Design\CO, Johnstown - BNN000001 - 2534 Flex Industrial\CADD\3-CD\BNN1_C2.0_HC.dwg

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

MAIN FLOOR

SECOND FLOOR

INTERIOR PHOTOS AND FLOOR PLAN ARE FROM A SIMILAR PROPERTY AND ARE BEING USED TO GIVE A SENSE OF POTENTIAL FINISHES AND LAYOUT

REPRESENTATIVE INTERIOR PHOTOS amp FLOOR PLAN

OFFICE LAYOUT

KITCHENETTERESTROOM

PRIVATE OFFICE CONFERENCE AREA

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

BUILDING PHOTOS Core amp Shell delivery anticipated for August 1st 2019

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

OWN VS LEASE ANALYSIS - ENTIRE BUILDINGOwnership Assumptions Lease Assumptions

Building Area (sf) 27520 Rental AssumptionsLeased Space (SF) 27520

Project Cost Lease Term (Years) 10Purchase Price ($17375 psf) 4781600$ TI Allowance PSF 1000$ Tenant Improvements (TI) $4000 psf 1100800$ Total TI Allowance 275200$ Total Project Cost 5882400 Base Rent PSF (Year 1) 1295$

NNN Expenses PSF (Year 1) 600$ Loan Data (Bank Loan) Gross Rental Rate PSF (Year 1) 1895$ Total Project Cost Plus Financing Costs 5952400$ Loan Amount (1st Mortgage) 2976200$ EscalationsDown Payment (1st amp 2nd Mortgage) 595240$ Rent 3Closing Costs amp Origination Fee 30000$ Expenses 2Interim 2nd Mortgage Costs amp Interest 20000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Loan Data (SBA 504 Loan)Loan Amount (SBA 2nd Mortgage) 2380960$ Closing Costs amp Origination Fee 20000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Annual Operating Expenses (Est $600 psf)Property Taxes 110281$ Property Insurance 10000$ Common Area Maintenance 44800$

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 (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (3758091)$Down Payment (595240)$ (595240)$ Total Financing Expenses (595240)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (4353331)$

Operating ExpensesCAM -$ (44800)$ (45696)$ (46610)$ (47542)$ (48493)$ (49463)$ (50452)$ (51461)$ (52490)$ (53540)$ (490548)$ Insurance -$ (10000)$ (10200)$ (10404)$ (10612)$ (10824)$ (11041)$ (11262)$ (11487)$ (11717)$ (11951)$ (109497)$ Property Taxes -$ (110281)$ (112487)$ (114736)$ (117031)$ (119372)$ (121759)$ (124194)$ (126678)$ (129212)$ (131796)$ (1207545)$Total Operating Expenses -$ (165081)$ (168383)$ (171750)$ (175185)$ (178689)$ (182263)$ (185908)$ (189626)$ (193419)$ (197287)$ (1807590)$

Total Annual ExpensesTotal Financing Expenses (595240)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (4353331)$Total Operating Expenses -$ (165081)$ (168383)$ (171750)$ (175185)$ (178689)$ (182263)$ (185908)$ (189626)$ (193419)$ (197287)$ (1807590)$Total Annual Expenses (595240)$ (540890)$ (544192)$ (547559)$ (550994)$ (554498)$ (558072)$ (561717)$ (565435)$ (569228)$ (573096)$ (6160921)$Less Loan Principal Reduction -$ 110460$ 116111$ 122051$ 128296$ 134860$ 141759$ 149012$ 156636$ 164650$ 173073$ 1396908$ Total Annual Cost of Ownership (595240)$ (430430)$ (428081)$ (425508)$ (422698)$ (419638)$ (416312)$ (412705)$ (408799)$ (404578)$ (400023)$ (4764013)$Total Annual Cost of Ownership PSF (2163)$ (1564)$ (1556)$ (1546)$ (1536)$ (1525)$ (1513)$ (1500)$ (1485)$ (1470)$ (1454)$ (17311)$

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 -$ (356384)$ (367076)$ (378088)$ (389430)$ (401113)$ (413147)$ (425541)$ (438307)$ (451457)$ (465000)$ (4085543)$Annual NNN Expenses -$ (165120)$ (168422)$ (171791)$ (175227)$ (178731)$ (182306)$ (185952)$ (189671)$ (193464)$ (197334)$ (1808018)$Tenant Funded TI (825600)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (825600)$ Total Expense (825600)$ (521504)$ (535498)$ (549879)$ (564657)$ (579845)$ (595453)$ (611493)$ (627978)$ (644921)$ (662334)$ (6719161)$Total Expense PSF (3000)$ (1895)$ (1946)$ (1998)$ (2052)$ (2107)$ (2164)$ (2222)$ (2282)$ (2343)$ (2407)$ (24416)$

POTENTIAL NET SAVINGS OF OWNING VS LEASING OVER 10 YEARS 1955148$ 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 costFactors in principal reduction

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

OWN VS LEASE ANALYSIS - ONE CONDO UNITOwnership Assumptions Lease Assumptions

Building (Condo) Area (sf) 3440 Rental AssumptionsLeased Space (SF) 3440

Project Cost Lease Term (Years) 10Purchase Price ($170 psf) 584800$ TI Allowance PSF 1000$ Tenant Improvements (TI) $4000 psf 137600$ Total TI Allowance 34400$ Total Project Cost 722400 Base Rent PSF (Year 1) 1300$

NNN Expenses PSF (Year 1) 600$ Loan Data (Bank Loan) Gross Rental Rate PSF (Year 1) 1900$ Total Project Cost Plus Financing Costs 739900$ Loan Amount (1st Mortgage) 369950$ EscalationsDown Payment (1st amp 2nd Mortgage) 73990$ Rent 3Closing Costs amp Origination Fee 7500$ Expenses 2Interim 2nd Mortgage Costs amp Interest 5000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Loan Data (SBA 504 Loan)Loan Amount (SBA 2nd Mortgage) 295960$ Closing Costs amp Origination Fee 5000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Annual Operating Expenses (Est $600 psf)Property Taxes 10956$ Property Insurance 3525$ Common Area Maintenance 6160$

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 (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (467141)$ Down Payment (73990)$ (73990)$ Total Financing Expenses (73990)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (541131)$

Operating ExpensesCAM -$ (6160)$ (6283)$ (6409)$ (6537)$ (6668)$ (6801)$ (6937)$ (7076)$ (7217)$ (7362)$ (67450)$ Insurance -$ (3525)$ (3596)$ (3667)$ (3741)$ (3816)$ (3892)$ (3970)$ (4049)$ (4130)$ (4213)$ (38598)$ Property Taxes -$ (10956)$ (11176)$ (11399)$ (11627)$ (11860)$ (12097)$ (12339)$ (12585)$ (12837)$ (13094)$ (119970)$ Total Operating Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$

Total Annual ExpensesTotal Financing Expenses (73990)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (541131)$ Total Operating Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$ Total Annual Expenses (73990)$ (67356)$ (67768)$ (68189)$ (68619)$ (69057)$ (69504)$ (69960)$ (70425)$ (70899)$ (71383)$ (767149)$ Less Loan Principal Reduction -$ 13730$ 14433$ 15171$ 15948$ 16763$ 17621$ 18523$ 19470$ 20466$ 21514$ 173640$ Total Annual Cost of Ownership (73990)$ (53625)$ (53335)$ (53018)$ (52671)$ (52294)$ (51883)$ (51437)$ (50954)$ (50432)$ (49869)$ (593509)$ Total Annual Cost of Ownership PSF (2151)$ (1559)$ (1550)$ (1541)$ (1531)$ (1520)$ (1508)$ (1495)$ (1481)$ (1466)$ (1450)$ (17253)$

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 -$ (44720)$ (46062)$ (47443)$ (48867)$ (50333)$ (51843)$ (53398)$ (55000)$ (56650)$ (58349)$ (512665)$ Annual NNN Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$ Tenant Funded TI (103200)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (103200)$ Total Expense (103200)$ (65361)$ (67116)$ (68919)$ (70772)$ (72676)$ (74633)$ (76644)$ (78710)$ (80835)$ (83018)$ (841882)$ Total Expense PSF (3000)$ (1900)$ (1951)$ (2003)$ (2057)$ (2113)$ (2170)$ (2228)$ (2288)$ (2350)$ (2413)$ (24473)$

POTENTIAL NET SAVINGS OF OWNING VS LEASING OVER 10 YEARS 248373$ 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 costFactors in principal reduction

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

EXECUTIVE SUMMARYNORTHERN 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-MILES2018 Est Population 8585 42732 110470

2023 Projected Population 10674 50139 123921

2018 Avg Household Income $120439 $99052 $90513

Bachelorrsquos Degree or Higher 486 421 383

Median Age 420 393 396

Daytime Employment 13469 29919 56220

Source Site To Do Business March 2019

DEMOGRAPHICS

REGIONAL EMPLOYERS

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

UTILITY PROVIDERS Electric - Xcel Energy

Gas - Xcel Energy Water - Town of Johnstown

Sewer - Town of Johnstown

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

UTILITIES ZONING amp MARKET DATAMARKET 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

UNEMPLOYMENT RATES

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

NORTHERN COLORADO 28

COLORADO 34

US 36

APRIL 2019

Source wwwdeptofnumberscomunemploymentcolorado

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

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 | 2019

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

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

Page 4: NEW CONSTRUCTION FLEX CONDOS FOR SALE OR BUILDING … · 2019. 6. 27. · Project No: H:\Brannen Design\CO, Johnstown - BNN000001 - 2534 Flex Industrial\CADD\3-CD\BNN1_C2.0_HC.dwg

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

BUILDING PHOTOS Core amp Shell delivery anticipated for August 1st 2019

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

OWN VS LEASE ANALYSIS - ENTIRE BUILDINGOwnership Assumptions Lease Assumptions

Building Area (sf) 27520 Rental AssumptionsLeased Space (SF) 27520

Project Cost Lease Term (Years) 10Purchase Price ($17375 psf) 4781600$ TI Allowance PSF 1000$ Tenant Improvements (TI) $4000 psf 1100800$ Total TI Allowance 275200$ Total Project Cost 5882400 Base Rent PSF (Year 1) 1295$

NNN Expenses PSF (Year 1) 600$ Loan Data (Bank Loan) Gross Rental Rate PSF (Year 1) 1895$ Total Project Cost Plus Financing Costs 5952400$ Loan Amount (1st Mortgage) 2976200$ EscalationsDown Payment (1st amp 2nd Mortgage) 595240$ Rent 3Closing Costs amp Origination Fee 30000$ Expenses 2Interim 2nd Mortgage Costs amp Interest 20000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Loan Data (SBA 504 Loan)Loan Amount (SBA 2nd Mortgage) 2380960$ Closing Costs amp Origination Fee 20000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Annual Operating Expenses (Est $600 psf)Property Taxes 110281$ Property Insurance 10000$ Common Area Maintenance 44800$

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 (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (3758091)$Down Payment (595240)$ (595240)$ Total Financing Expenses (595240)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (4353331)$

Operating ExpensesCAM -$ (44800)$ (45696)$ (46610)$ (47542)$ (48493)$ (49463)$ (50452)$ (51461)$ (52490)$ (53540)$ (490548)$ Insurance -$ (10000)$ (10200)$ (10404)$ (10612)$ (10824)$ (11041)$ (11262)$ (11487)$ (11717)$ (11951)$ (109497)$ Property Taxes -$ (110281)$ (112487)$ (114736)$ (117031)$ (119372)$ (121759)$ (124194)$ (126678)$ (129212)$ (131796)$ (1207545)$Total Operating Expenses -$ (165081)$ (168383)$ (171750)$ (175185)$ (178689)$ (182263)$ (185908)$ (189626)$ (193419)$ (197287)$ (1807590)$

Total Annual ExpensesTotal Financing Expenses (595240)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (4353331)$Total Operating Expenses -$ (165081)$ (168383)$ (171750)$ (175185)$ (178689)$ (182263)$ (185908)$ (189626)$ (193419)$ (197287)$ (1807590)$Total Annual Expenses (595240)$ (540890)$ (544192)$ (547559)$ (550994)$ (554498)$ (558072)$ (561717)$ (565435)$ (569228)$ (573096)$ (6160921)$Less Loan Principal Reduction -$ 110460$ 116111$ 122051$ 128296$ 134860$ 141759$ 149012$ 156636$ 164650$ 173073$ 1396908$ Total Annual Cost of Ownership (595240)$ (430430)$ (428081)$ (425508)$ (422698)$ (419638)$ (416312)$ (412705)$ (408799)$ (404578)$ (400023)$ (4764013)$Total Annual Cost of Ownership PSF (2163)$ (1564)$ (1556)$ (1546)$ (1536)$ (1525)$ (1513)$ (1500)$ (1485)$ (1470)$ (1454)$ (17311)$

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 -$ (356384)$ (367076)$ (378088)$ (389430)$ (401113)$ (413147)$ (425541)$ (438307)$ (451457)$ (465000)$ (4085543)$Annual NNN Expenses -$ (165120)$ (168422)$ (171791)$ (175227)$ (178731)$ (182306)$ (185952)$ (189671)$ (193464)$ (197334)$ (1808018)$Tenant Funded TI (825600)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (825600)$ Total Expense (825600)$ (521504)$ (535498)$ (549879)$ (564657)$ (579845)$ (595453)$ (611493)$ (627978)$ (644921)$ (662334)$ (6719161)$Total Expense PSF (3000)$ (1895)$ (1946)$ (1998)$ (2052)$ (2107)$ (2164)$ (2222)$ (2282)$ (2343)$ (2407)$ (24416)$

POTENTIAL NET SAVINGS OF OWNING VS LEASING OVER 10 YEARS 1955148$ 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 costFactors in principal reduction

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

OWN VS LEASE ANALYSIS - ONE CONDO UNITOwnership Assumptions Lease Assumptions

Building (Condo) Area (sf) 3440 Rental AssumptionsLeased Space (SF) 3440

Project Cost Lease Term (Years) 10Purchase Price ($170 psf) 584800$ TI Allowance PSF 1000$ Tenant Improvements (TI) $4000 psf 137600$ Total TI Allowance 34400$ Total Project Cost 722400 Base Rent PSF (Year 1) 1300$

NNN Expenses PSF (Year 1) 600$ Loan Data (Bank Loan) Gross Rental Rate PSF (Year 1) 1900$ Total Project Cost Plus Financing Costs 739900$ Loan Amount (1st Mortgage) 369950$ EscalationsDown Payment (1st amp 2nd Mortgage) 73990$ Rent 3Closing Costs amp Origination Fee 7500$ Expenses 2Interim 2nd Mortgage Costs amp Interest 5000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Loan Data (SBA 504 Loan)Loan Amount (SBA 2nd Mortgage) 295960$ Closing Costs amp Origination Fee 5000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Annual Operating Expenses (Est $600 psf)Property Taxes 10956$ Property Insurance 3525$ Common Area Maintenance 6160$

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 (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (467141)$ Down Payment (73990)$ (73990)$ Total Financing Expenses (73990)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (541131)$

Operating ExpensesCAM -$ (6160)$ (6283)$ (6409)$ (6537)$ (6668)$ (6801)$ (6937)$ (7076)$ (7217)$ (7362)$ (67450)$ Insurance -$ (3525)$ (3596)$ (3667)$ (3741)$ (3816)$ (3892)$ (3970)$ (4049)$ (4130)$ (4213)$ (38598)$ Property Taxes -$ (10956)$ (11176)$ (11399)$ (11627)$ (11860)$ (12097)$ (12339)$ (12585)$ (12837)$ (13094)$ (119970)$ Total Operating Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$

Total Annual ExpensesTotal Financing Expenses (73990)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (541131)$ Total Operating Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$ Total Annual Expenses (73990)$ (67356)$ (67768)$ (68189)$ (68619)$ (69057)$ (69504)$ (69960)$ (70425)$ (70899)$ (71383)$ (767149)$ Less Loan Principal Reduction -$ 13730$ 14433$ 15171$ 15948$ 16763$ 17621$ 18523$ 19470$ 20466$ 21514$ 173640$ Total Annual Cost of Ownership (73990)$ (53625)$ (53335)$ (53018)$ (52671)$ (52294)$ (51883)$ (51437)$ (50954)$ (50432)$ (49869)$ (593509)$ Total Annual Cost of Ownership PSF (2151)$ (1559)$ (1550)$ (1541)$ (1531)$ (1520)$ (1508)$ (1495)$ (1481)$ (1466)$ (1450)$ (17253)$

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 -$ (44720)$ (46062)$ (47443)$ (48867)$ (50333)$ (51843)$ (53398)$ (55000)$ (56650)$ (58349)$ (512665)$ Annual NNN Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$ Tenant Funded TI (103200)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (103200)$ Total Expense (103200)$ (65361)$ (67116)$ (68919)$ (70772)$ (72676)$ (74633)$ (76644)$ (78710)$ (80835)$ (83018)$ (841882)$ Total Expense PSF (3000)$ (1900)$ (1951)$ (2003)$ (2057)$ (2113)$ (2170)$ (2228)$ (2288)$ (2350)$ (2413)$ (24473)$

POTENTIAL NET SAVINGS OF OWNING VS LEASING OVER 10 YEARS 248373$ 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 costFactors in principal reduction

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

EXECUTIVE SUMMARYNORTHERN 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-MILES2018 Est Population 8585 42732 110470

2023 Projected Population 10674 50139 123921

2018 Avg Household Income $120439 $99052 $90513

Bachelorrsquos Degree or Higher 486 421 383

Median Age 420 393 396

Daytime Employment 13469 29919 56220

Source Site To Do Business March 2019

DEMOGRAPHICS

REGIONAL EMPLOYERS

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

UTILITY PROVIDERS Electric - Xcel Energy

Gas - Xcel Energy Water - Town of Johnstown

Sewer - Town of Johnstown

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

UTILITIES ZONING amp MARKET DATAMARKET 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

UNEMPLOYMENT RATES

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

NORTHERN COLORADO 28

COLORADO 34

US 36

APRIL 2019

Source wwwdeptofnumberscomunemploymentcolorado

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

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 | 2019

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

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

Page 5: NEW CONSTRUCTION FLEX CONDOS FOR SALE OR BUILDING … · 2019. 6. 27. · Project No: H:\Brannen Design\CO, Johnstown - BNN000001 - 2534 Flex Industrial\CADD\3-CD\BNN1_C2.0_HC.dwg

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

OWN VS LEASE ANALYSIS - ENTIRE BUILDINGOwnership Assumptions Lease Assumptions

Building Area (sf) 27520 Rental AssumptionsLeased Space (SF) 27520

Project Cost Lease Term (Years) 10Purchase Price ($17375 psf) 4781600$ TI Allowance PSF 1000$ Tenant Improvements (TI) $4000 psf 1100800$ Total TI Allowance 275200$ Total Project Cost 5882400 Base Rent PSF (Year 1) 1295$

NNN Expenses PSF (Year 1) 600$ Loan Data (Bank Loan) Gross Rental Rate PSF (Year 1) 1895$ Total Project Cost Plus Financing Costs 5952400$ Loan Amount (1st Mortgage) 2976200$ EscalationsDown Payment (1st amp 2nd Mortgage) 595240$ Rent 3Closing Costs amp Origination Fee 30000$ Expenses 2Interim 2nd Mortgage Costs amp Interest 20000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Loan Data (SBA 504 Loan)Loan Amount (SBA 2nd Mortgage) 2380960$ Closing Costs amp Origination Fee 20000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Annual Operating Expenses (Est $600 psf)Property Taxes 110281$ Property Insurance 10000$ Common Area Maintenance 44800$

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 (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (3758091)$Down Payment (595240)$ (595240)$ Total Financing Expenses (595240)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (4353331)$

Operating ExpensesCAM -$ (44800)$ (45696)$ (46610)$ (47542)$ (48493)$ (49463)$ (50452)$ (51461)$ (52490)$ (53540)$ (490548)$ Insurance -$ (10000)$ (10200)$ (10404)$ (10612)$ (10824)$ (11041)$ (11262)$ (11487)$ (11717)$ (11951)$ (109497)$ Property Taxes -$ (110281)$ (112487)$ (114736)$ (117031)$ (119372)$ (121759)$ (124194)$ (126678)$ (129212)$ (131796)$ (1207545)$Total Operating Expenses -$ (165081)$ (168383)$ (171750)$ (175185)$ (178689)$ (182263)$ (185908)$ (189626)$ (193419)$ (197287)$ (1807590)$

Total Annual ExpensesTotal Financing Expenses (595240)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (375809)$ (4353331)$Total Operating Expenses -$ (165081)$ (168383)$ (171750)$ (175185)$ (178689)$ (182263)$ (185908)$ (189626)$ (193419)$ (197287)$ (1807590)$Total Annual Expenses (595240)$ (540890)$ (544192)$ (547559)$ (550994)$ (554498)$ (558072)$ (561717)$ (565435)$ (569228)$ (573096)$ (6160921)$Less Loan Principal Reduction -$ 110460$ 116111$ 122051$ 128296$ 134860$ 141759$ 149012$ 156636$ 164650$ 173073$ 1396908$ Total Annual Cost of Ownership (595240)$ (430430)$ (428081)$ (425508)$ (422698)$ (419638)$ (416312)$ (412705)$ (408799)$ (404578)$ (400023)$ (4764013)$Total Annual Cost of Ownership PSF (2163)$ (1564)$ (1556)$ (1546)$ (1536)$ (1525)$ (1513)$ (1500)$ (1485)$ (1470)$ (1454)$ (17311)$

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 -$ (356384)$ (367076)$ (378088)$ (389430)$ (401113)$ (413147)$ (425541)$ (438307)$ (451457)$ (465000)$ (4085543)$Annual NNN Expenses -$ (165120)$ (168422)$ (171791)$ (175227)$ (178731)$ (182306)$ (185952)$ (189671)$ (193464)$ (197334)$ (1808018)$Tenant Funded TI (825600)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (825600)$ Total Expense (825600)$ (521504)$ (535498)$ (549879)$ (564657)$ (579845)$ (595453)$ (611493)$ (627978)$ (644921)$ (662334)$ (6719161)$Total Expense PSF (3000)$ (1895)$ (1946)$ (1998)$ (2052)$ (2107)$ (2164)$ (2222)$ (2282)$ (2343)$ (2407)$ (24416)$

POTENTIAL NET SAVINGS OF OWNING VS LEASING OVER 10 YEARS 1955148$ 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 costFactors in principal reduction

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

OWN VS LEASE ANALYSIS - ONE CONDO UNITOwnership Assumptions Lease Assumptions

Building (Condo) Area (sf) 3440 Rental AssumptionsLeased Space (SF) 3440

Project Cost Lease Term (Years) 10Purchase Price ($170 psf) 584800$ TI Allowance PSF 1000$ Tenant Improvements (TI) $4000 psf 137600$ Total TI Allowance 34400$ Total Project Cost 722400 Base Rent PSF (Year 1) 1300$

NNN Expenses PSF (Year 1) 600$ Loan Data (Bank Loan) Gross Rental Rate PSF (Year 1) 1900$ Total Project Cost Plus Financing Costs 739900$ Loan Amount (1st Mortgage) 369950$ EscalationsDown Payment (1st amp 2nd Mortgage) 73990$ Rent 3Closing Costs amp Origination Fee 7500$ Expenses 2Interim 2nd Mortgage Costs amp Interest 5000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Loan Data (SBA 504 Loan)Loan Amount (SBA 2nd Mortgage) 295960$ Closing Costs amp Origination Fee 5000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Annual Operating Expenses (Est $600 psf)Property Taxes 10956$ Property Insurance 3525$ Common Area Maintenance 6160$

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 (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (467141)$ Down Payment (73990)$ (73990)$ Total Financing Expenses (73990)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (541131)$

Operating ExpensesCAM -$ (6160)$ (6283)$ (6409)$ (6537)$ (6668)$ (6801)$ (6937)$ (7076)$ (7217)$ (7362)$ (67450)$ Insurance -$ (3525)$ (3596)$ (3667)$ (3741)$ (3816)$ (3892)$ (3970)$ (4049)$ (4130)$ (4213)$ (38598)$ Property Taxes -$ (10956)$ (11176)$ (11399)$ (11627)$ (11860)$ (12097)$ (12339)$ (12585)$ (12837)$ (13094)$ (119970)$ Total Operating Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$

Total Annual ExpensesTotal Financing Expenses (73990)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (541131)$ Total Operating Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$ Total Annual Expenses (73990)$ (67356)$ (67768)$ (68189)$ (68619)$ (69057)$ (69504)$ (69960)$ (70425)$ (70899)$ (71383)$ (767149)$ Less Loan Principal Reduction -$ 13730$ 14433$ 15171$ 15948$ 16763$ 17621$ 18523$ 19470$ 20466$ 21514$ 173640$ Total Annual Cost of Ownership (73990)$ (53625)$ (53335)$ (53018)$ (52671)$ (52294)$ (51883)$ (51437)$ (50954)$ (50432)$ (49869)$ (593509)$ Total Annual Cost of Ownership PSF (2151)$ (1559)$ (1550)$ (1541)$ (1531)$ (1520)$ (1508)$ (1495)$ (1481)$ (1466)$ (1450)$ (17253)$

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 -$ (44720)$ (46062)$ (47443)$ (48867)$ (50333)$ (51843)$ (53398)$ (55000)$ (56650)$ (58349)$ (512665)$ Annual NNN Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$ Tenant Funded TI (103200)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (103200)$ Total Expense (103200)$ (65361)$ (67116)$ (68919)$ (70772)$ (72676)$ (74633)$ (76644)$ (78710)$ (80835)$ (83018)$ (841882)$ Total Expense PSF (3000)$ (1900)$ (1951)$ (2003)$ (2057)$ (2113)$ (2170)$ (2228)$ (2288)$ (2350)$ (2413)$ (24473)$

POTENTIAL NET SAVINGS OF OWNING VS LEASING OVER 10 YEARS 248373$ 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 costFactors in principal reduction

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

EXECUTIVE SUMMARYNORTHERN 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-MILES2018 Est Population 8585 42732 110470

2023 Projected Population 10674 50139 123921

2018 Avg Household Income $120439 $99052 $90513

Bachelorrsquos Degree or Higher 486 421 383

Median Age 420 393 396

Daytime Employment 13469 29919 56220

Source Site To Do Business March 2019

DEMOGRAPHICS

REGIONAL EMPLOYERS

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

UTILITY PROVIDERS Electric - Xcel Energy

Gas - Xcel Energy Water - Town of Johnstown

Sewer - Town of Johnstown

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

UTILITIES ZONING amp MARKET DATAMARKET 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

UNEMPLOYMENT RATES

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

NORTHERN COLORADO 28

COLORADO 34

US 36

APRIL 2019

Source wwwdeptofnumberscomunemploymentcolorado

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

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 | 2019

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

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

Page 6: NEW CONSTRUCTION FLEX CONDOS FOR SALE OR BUILDING … · 2019. 6. 27. · Project No: H:\Brannen Design\CO, Johnstown - BNN000001 - 2534 Flex Industrial\CADD\3-CD\BNN1_C2.0_HC.dwg

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

OWN VS LEASE ANALYSIS - ONE CONDO UNITOwnership Assumptions Lease Assumptions

Building (Condo) Area (sf) 3440 Rental AssumptionsLeased Space (SF) 3440

Project Cost Lease Term (Years) 10Purchase Price ($170 psf) 584800$ TI Allowance PSF 1000$ Tenant Improvements (TI) $4000 psf 137600$ Total TI Allowance 34400$ Total Project Cost 722400 Base Rent PSF (Year 1) 1300$

NNN Expenses PSF (Year 1) 600$ Loan Data (Bank Loan) Gross Rental Rate PSF (Year 1) 1900$ Total Project Cost Plus Financing Costs 739900$ Loan Amount (1st Mortgage) 369950$ EscalationsDown Payment (1st amp 2nd Mortgage) 73990$ Rent 3Closing Costs amp Origination Fee 7500$ Expenses 2Interim 2nd Mortgage Costs amp Interest 5000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Loan Data (SBA 504 Loan)Loan Amount (SBA 2nd Mortgage) 295960$ Closing Costs amp Origination Fee 5000$ Amortization Period (Years) 25Interest Rate 500Term (Years) 10

Annual Operating Expenses (Est $600 psf)Property Taxes 10956$ Property Insurance 3525$ Common Area Maintenance 6160$

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 (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (467141)$ Down Payment (73990)$ (73990)$ Total Financing Expenses (73990)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (541131)$

Operating ExpensesCAM -$ (6160)$ (6283)$ (6409)$ (6537)$ (6668)$ (6801)$ (6937)$ (7076)$ (7217)$ (7362)$ (67450)$ Insurance -$ (3525)$ (3596)$ (3667)$ (3741)$ (3816)$ (3892)$ (3970)$ (4049)$ (4130)$ (4213)$ (38598)$ Property Taxes -$ (10956)$ (11176)$ (11399)$ (11627)$ (11860)$ (12097)$ (12339)$ (12585)$ (12837)$ (13094)$ (119970)$ Total Operating Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$

Total Annual ExpensesTotal Financing Expenses (73990)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (46714)$ (541131)$ Total Operating Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$ Total Annual Expenses (73990)$ (67356)$ (67768)$ (68189)$ (68619)$ (69057)$ (69504)$ (69960)$ (70425)$ (70899)$ (71383)$ (767149)$ Less Loan Principal Reduction -$ 13730$ 14433$ 15171$ 15948$ 16763$ 17621$ 18523$ 19470$ 20466$ 21514$ 173640$ Total Annual Cost of Ownership (73990)$ (53625)$ (53335)$ (53018)$ (52671)$ (52294)$ (51883)$ (51437)$ (50954)$ (50432)$ (49869)$ (593509)$ Total Annual Cost of Ownership PSF (2151)$ (1559)$ (1550)$ (1541)$ (1531)$ (1520)$ (1508)$ (1495)$ (1481)$ (1466)$ (1450)$ (17253)$

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 -$ (44720)$ (46062)$ (47443)$ (48867)$ (50333)$ (51843)$ (53398)$ (55000)$ (56650)$ (58349)$ (512665)$ Annual NNN Expenses -$ (20641)$ (21054)$ (21475)$ (21905)$ (22343)$ (22790)$ (23246)$ (23710)$ (24185)$ (24668)$ (226018)$ Tenant Funded TI (103200)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (103200)$ Total Expense (103200)$ (65361)$ (67116)$ (68919)$ (70772)$ (72676)$ (74633)$ (76644)$ (78710)$ (80835)$ (83018)$ (841882)$ Total Expense PSF (3000)$ (1900)$ (1951)$ (2003)$ (2057)$ (2113)$ (2170)$ (2228)$ (2288)$ (2350)$ (2413)$ (24473)$

POTENTIAL NET SAVINGS OF OWNING VS LEASING OVER 10 YEARS 248373$ 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 costFactors in principal reduction

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

EXECUTIVE SUMMARYNORTHERN 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-MILES2018 Est Population 8585 42732 110470

2023 Projected Population 10674 50139 123921

2018 Avg Household Income $120439 $99052 $90513

Bachelorrsquos Degree or Higher 486 421 383

Median Age 420 393 396

Daytime Employment 13469 29919 56220

Source Site To Do Business March 2019

DEMOGRAPHICS

REGIONAL EMPLOYERS

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

UTILITY PROVIDERS Electric - Xcel Energy

Gas - Xcel Energy Water - Town of Johnstown

Sewer - Town of Johnstown

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

UTILITIES ZONING amp MARKET DATAMARKET 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

UNEMPLOYMENT RATES

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

NORTHERN COLORADO 28

COLORADO 34

US 36

APRIL 2019

Source wwwdeptofnumberscomunemploymentcolorado

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

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 | 2019

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

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

Page 7: NEW CONSTRUCTION FLEX CONDOS FOR SALE OR BUILDING … · 2019. 6. 27. · Project No: H:\Brannen Design\CO, Johnstown - BNN000001 - 2534 Flex Industrial\CADD\3-CD\BNN1_C2.0_HC.dwg

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

EXECUTIVE SUMMARYNORTHERN 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-MILES2018 Est Population 8585 42732 110470

2023 Projected Population 10674 50139 123921

2018 Avg Household Income $120439 $99052 $90513

Bachelorrsquos Degree or Higher 486 421 383

Median Age 420 393 396

Daytime Employment 13469 29919 56220

Source Site To Do Business March 2019

DEMOGRAPHICS

REGIONAL EMPLOYERS

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

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

UTILITY PROVIDERS Electric - Xcel Energy

Gas - Xcel Energy Water - Town of Johnstown

Sewer - Town of Johnstown

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

UTILITIES ZONING amp MARKET DATAMARKET 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

UNEMPLOYMENT RATES

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

NORTHERN COLORADO 28

COLORADO 34

US 36

APRIL 2019

Source wwwdeptofnumberscomunemploymentcolorado

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

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 | 2019

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

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

Page 8: NEW CONSTRUCTION FLEX CONDOS FOR SALE OR BUILDING … · 2019. 6. 27. · Project No: H:\Brannen Design\CO, Johnstown - BNN000001 - 2534 Flex Industrial\CADD\3-CD\BNN1_C2.0_HC.dwg

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

UTILITY PROVIDERS Electric - Xcel Energy

Gas - Xcel Energy Water - Town of Johnstown

Sewer - Town of Johnstown

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

UTILITIES ZONING amp MARKET DATAMARKET 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

UNEMPLOYMENT RATES

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

NORTHERN COLORADO 28

COLORADO 34

US 36

APRIL 2019

Source wwwdeptofnumberscomunemploymentcolorado

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

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 | 2019

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

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

Page 9: NEW CONSTRUCTION FLEX CONDOS FOR SALE OR BUILDING … · 2019. 6. 27. · Project No: H:\Brannen Design\CO, Johnstown - BNN000001 - 2534 Flex Industrial\CADD\3-CD\BNN1_C2.0_HC.dwg

3665 John F Kennedy Pkwy Bldg 2 Suite 202Fort Collins CO 80525+1 970 663 3150naiaffinitycom

For more information

Jake Hallauer CCIM+1 970 305 8113 jakehaffinityrepartnerscom

Ryan Schaefer+1 970 663 3150 ryansaffinityrepartnerscom

Mark Bishop+1 970 305 8136 markbaffinityrepartnerscom

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 | 2019

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

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