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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
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
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
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
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
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
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
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
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