2501 s universitynexus-cr.com/wp-content/uploads/2018/08/2501-s... · denver growth proposal to...

OFFERING MEMORANDUM

For More Information Contact

JASON KOCHCo-Founder/Principal

303.918.8909 | [email protected] |

2501 S UNIVERSITY BLVDDENVER, CO 80210

ADAM RIDDLECo-Founder/Principal


Property Overview

Property Photos

Maps

Financials

Location Overview

Demographics

The Nexus People

TABLE OFCONTENTS

OFFERING MEMORANDUM2501 S UNIVERSITY BLVD | DENVER, CO 80210

PROPERTYOVERVIEW


PROPERTY OVERVIEW INVESTMENT SUMMARYINVESTMENT HIGHLIGHTS• Rare Opportunity Near Denver University

• Residential Financing Available

• Units ready for an Owner Occupied Investment

• Walking Distance to Numerous Restaurants, Bars, and Stores

Units: 4

Building SF: 2,688

Parking: Off Street

Land: 6,250 SF

Zoning: G-MU-5

Year Built: 1948

Purchase Price: $925,000

Price per unit: $231,250

Price per foot: $344

PROPERTYPHOTOS


PROPERTYPHOTOS

OFFERING MEMORANDUM924&928 JAMES COURT | FORT COLLINS, CO 80521


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PROPERTYAERIAL


E HARVARD AVE

PROPERTY OVERVIEW

DU-Wash Park A

OFFERING MEMORANDUM1104, 1108, 1112, & 1116 MAZATLAN CIR | COLORADO SPRINGS, CO 80906


Loan to Value: 80.00%

Loan Amount: $740,000

Loan Term: 30

Interest Rate: 4.50%

Interest Only Period: 0

Amortization: 30 Years

INVESTMENT SUMMARY

DEBT SUMMARY

INVESTMENTSUMMARY



Purchase Price: $925,000

Units: 4

Price Per Unit: $231,250

Total SF: 2,688

Price Per SF: $344

T12 Cap Rate: 5.22%

Year 1 Cap Rate: 5.87%

Year 1 Cash Flows: 9,354$

5 Year IRR: 6.84%

RENT ROLLANALYSIS

UNIT SUMMARY:


OFFERING MEMORANDUM2501 S UNIVERSITY BLVD | DENVER, CO 80210OFFERING MEMORANDUM6130 W 40TH AVE | WHEAT RIDGE, CO 80033

OFFERING MEMORANDUM6130 W 40TH AVE | WHEAT RIDGE, CO 80033

Unit Type Unit Amount Unit SF Current Ave. Rent Current Rent / SF Market Rent Market Rent / SF

1 Bed/1 Bath 2 544 $1,085 $1.99 $1,200 $2.21

2 Bed/1 Bath 2 800 $1,450 $1.81 $1,600 $2.00

FINANCIALS



INC

OM

E

ST

AT

EM

EN

T T12 Year 1 Year 2 Year 3 Year 4 Year 5REVENUEGross Potential Revenue $60,840 $67,200 $69,216 $71,292 $73,431 $75,634Vacancy ($3,042) ($3,360) ($3,461) ($3,565) ($3,672) ($3,782)Rental Revenue $57,798 $63,840 $65,755 $67,728 $69,760 $71,852Expense Reimbursements $2,000 $0 $0 $0 $0 $0Other Residential Income $0 $2,000 $2,060 $2,122 $2,185 $2,251Effective Gross Revneue $59,798 $65,840 $67,815 $69,850 $71,945 $74,104

EXPENSESRepairs and Maintenance ($3,100) ($3,100) ($3,193) ($3,289) ($3,387) ($3,489)Utilities ($2,800) ($2,800) ($2,884) ($2,971) ($3,060) ($3,151)Insurance ($1,600) ($1,600) ($1,648) ($1,697) ($1,748) ($1,801)Real Estate Taxes ($3,642) ($3,642) ($3,751) ($3,864) ($3,980) ($4,099)Property Management $0 $0 $0 $0 $0 $0Admin and Other ($400) ($400) ($412) ($424) ($437) ($450)

Total Expenses ($11,542) ($11,542) ($11,888) ($12,245) ($12,612) ($12,991)Expenses Per Unit ($2,886) ($2,886) ($2,972) ($3,061) ($3,153) ($3,248)

Net Operating Income $48,256 $54,298 $55,927 $57,605 $59,333 $61,113

Cap Rate 5.22% 5.87% 6.05% 6.23% 6.41% 6.61%

Debt Service - Yr 1 ($44,944) ($44,944) ($44,944) ($44,944) ($44,944) ($44,944)Total Cash Flow $3,312 $9,354 $10,983 $12,661 $14,389 $16,169Cash on Cash Return 1.79% 5.06% 5.94% 6.84% 7.78% 8.74%

5 MILES

3 MILES

1 MILE

DEMOGRAPHICS



2018 Summary 1 Mile 3 Miles 5 MilesPopulation 22,038 138,333 459,911Households 9,405 64,798 216,897Families 3,943 29,863 96,393Average Household Size 2.09 2.08 2.09Owner Occupied Housing Units 4,601 32,438 97,499Renter Occupied Housing Units 4,804 32,360 119,399Median Age 30.6 37.8 37Median Household Income $70,807 $64,840 $57,133Average Household Income $111,164 $104,322 $91,395

2023 Summary 1 Mile 3 Miles 5 MilesPopulation 23,813 149,733 495,558Households 10,146 69,884 233,160Families 4,296 32,215 103,299Average Household Size 2.11 2.09 2.1Owner Occupied Housing Units 5,069 35,721 107,949Renter Occupied Housing Units 5,076 34,163 125,211Median Age 31.7 38.3 37.5Median Household Income $80,603 $76,191 $67,405Average Household Income $122,851 $115,349 $102,713

THE CITY OF DENVER’S NOTABLE RANKINGS

#1 BEST PLACES TO LIVE(U.S. NEWS & WORLD REPORT, 2016)

#1 IN ECONOMIC & JOB GORWTH

(AREA DEVELOPMENT, 2015)

AMERICA’S BEST PLACE FOR

BUSINESS & CAREERS(FORBES, 2015 & 2016)

2ND BEST BEER CITY IN AMERICA

(LIVIABILITY, 2014)

7TH BEST STATE IN WHICH TO

MAKE A LIVING (FORBES 2015)

3RD BEST CITY FOR COLLEGE GRADS

(RENT.COM, 2015)

6TH FASTEST GROWING METRO

AREA IN THE U.S. (FORBES, 2016)

2ND BEST TECH STATE

(THE MILKEN INSTITUTE, 2016)

4TH BEST CITYFOR BIKE RIDING

IN THE U.S. (WALK SCORE, 2015)

3RD HEALTHIST CITYIN THE NATION

(FORBES, 2016)

#1 IN THE NATION FOR LARGEST INCREASE IN

RESIDENTS WITH COLLEGE DEGREES

(U.S. CENSUS BUREAU, 2014)

TOP 10 PLACESIN THE U.S. TO TRAVEL

(LONELY PLANET, 2016)

OFFERING MEMORANDUM1104, 1108, 1112, & 1116 MAZATLAN CIR | COLORADO SPRINGS, CO 80906


DENVER METRO

Located on the front range of the Rocky Mountains, the Denver Metro is a thriving urban epicenter famous for its breathtaking views, world-class dining, champion sports teams, exhilarating recreation, and eclectic arts and entertainment. It’s no wonder this metropolis is one of the biggest in the nation!

Attractions:

Denver Art Museum

Denver Museum of Nature and Science

Denver Zoo

Denver Aquarium

Six-Flags Elitch Gardens

Hyland Hills Water World

Denver Aquarium

SPORTS Basketball: Denver Nuggets

Hockey: Colorado Avalanche

Football: Denver Broncos

Baseball: Colorado Rockies

Soccer: Colorado Rapids

PROPOSAL TO MARKET

DENVER GROWTH

PROPOSAL TO MARKET

Ranked as the top place to live in the U.S. by U.S. News & World Report, the city of Denver is home to over 693,000 residents (as of July 2016). An

people moving to the area each year, as this number is expected to grow by

growth throughout the metro. Some current projects include:

9-story o�ce building and 6 story parking structure. Skyhouse Denver, a 354-unit apartment with street level retail.

tower and a separate hotel tower.

would be the largest developed in Denver since 1985.

DENVER INTERNATIONAL AIRPORT

PROPOSAL TO MARKET

February 28, 1995 and at 34,000 acres, remains the largest and newest commercial airport in the United States. It’s known around the world for its

past twenty years, DIA has established itself as the primary employer and

billion set of contracts for gate expansion at DIA. The project will add 39 gates

airport’s original “telescoping” design by expanding eastward and westward at the ends.

LIGHT RAIL

East, Southeast, Southwest, and West rail corridors.

Theatre District

Sports Authority Field at Mile High

Pepsi Center

16th Street Mall

Park Meadows Mall.

they live in. The 23-mile stretch from Downtown Denver to DIA is now just a

neighborhoods across the Denver metro, including Five Points and West


EMPLOYERS IN THE DENVER METRO

The Denver metro is a hub for various industries, including aviation, health, business,

finance, and technology. Outside of city, state, and school services, major employers

in the Denver metro area include Denver International Airport, Lockheed Martin,

Health ONE Corporation, Centura Health, SCL Health Systems, Comcast,

CenturyLink, Kaiser Permanente, Liberty Tax Service, Western Union, University of

Colorado, Children’s Hospital, and Wells Fargo. In 2017, Amazon opened up a 1

million sq. ft. fulfillment center in Aurora, creating nearly 1,000 full-time jobs.

Google is building a $131 million, four-acre, state-of-the art facility in Boulder,

potentially bringing more jobs to the area

Several Fortune 500 companies with headquarters in the Denver metro including:

Many companies choose to relocate to or expand in the Denver Metro, especially

tech and startup companies. Between 2007-2015, approximately 9,000 companies

chose to relocate from California to Denver. These employers are attracted to the

innovative culture, economic environment, exceptional talent, and deep sense of

social responsibility that characterizes the Denver Metro. Forbes ranks Denver as

#1 in the nation for business and careers, and Area Development ranks Denver as #1

in the nation for economic and job growth.

Denver metro is home to many fast-growing startups, with 113 local companies

making the Inc. 5000 list of the nation's fastest-growing private companies for the

year 2017.

*Some information was sourced from: https://choosecolorado.com/


THE NEXUSPEOPLE

ADAM [email protected]

JASON KOCH Co-FounderPrincipal 303.918.8909 [email protected]

WALLIS HUTCHENS Office Manager 828.850.9033 [email protected]

AUSTIN SMITH Investment Advisor303.868.9096 [email protected]

SEAN HOLAMON InvestmentAdvisor806.789.9799 [email protected]

KEVIN [email protected]

Not your average brokers.As a team, we might not appear as your typical brokerage - and that’s by design. Even though we’ve been in the industry for more

than two decades, we are as enthusiastic, energetic and collaborative as when we first started. At Nexus, there is no internal

competition because our purpose is aligned. This reduces internal competition and makes us more productive on a per broker/agent

basis. We love coming to work everyday because we love helping our clients achieve their goals. You might find us in jeans instead of

slacks, outside meeting people instead of in our office. We do things differently because we are different.

KIM ROYSales & Operations [email protected]

SHANNON LACKEYExecutive Assistant/Transaction Coordinator 707.332.5907 [email protected]


OFFERING MEMORANDUM7899 YORK STREET | DENVER, CO 80229

ROBERT GRAYInvestmentAdvisor713.857.3054 [email protected] Springs Office

| 713-857-3054 | [email protected]

ROBERT GRAYInvestment Advisor-Colorado Springs

THE NEXUSPEOPLE

ADAM RIDDLECo-FounderPrincipal

[email protected]

JASON KOCH Co-FounderPrincipal

303.918.8909 [email protected]

WALLIS HUTCHENS O�ce Manager


AUSTIN SMITH Investment Advisor


CRYSTAL PIERCY Investment Advisor719.231.2041 [email protected] Springs O�ce

SEAN HOLAMON InvestmentAdvisor


ROBERT GRAYInvestmentAdvisor713.857.3054 [email protected] Springs O�ce


broker/agent basis. We love coming to work everyday because we love helping our clients achieve their goals. You might find us in

KIM ROY

[email protected]

SHANNON LACKEY


[email protected]

JASON KOCH Co-FounderPrincipal


WALLIS HUTCHENS O�ce Manager


[email protected]

CRYSTAL PIERCY Investment Advisor719.231.2041 [email protected] Springs O�ce

SEAN HOLAMON InvestmentAdvisor


ROBERT GRAYInvestmentAdvisor713.857.3054 [email protected] Springs O�ce


broker/agent basis. We love coming to work everyday because we love helping our clients achieve their goals. You might find us in

SHANNON LACKEY


OFFERING MEMORANDUM6130 W 40TH AVE | WHEAT RIDGE, CO 80033

KEVIN WOOLSEYAnalyst

[email protected]


For More Information Contact

JASON KOCHCo-Founder/Principal


ADAM RIDDLECo-Founder/Principal



2501 UNIVERSITY BLVDDENVER, CO 80210

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