del mar om - nexusnexus-cr.com/wp-content/uploads/2018/08/del-mar-om-sm.pdf · commercial and...

OFFERING MEMORANDUM

For More Information Contact

SEAN HOLAMONInvestment Advisor

806.789.9799 | [email protected] |

JASON KOCHCo-Founder/Principal


COLONY HOUSE | 152 DEL MAR CIRCLEAURORA, CO 80011

ADAM RIDDLECo-Founder/Principal


Property Overview

Property Photos

Maps

Financials

Location Overview

Demographics

The Nexus People

TABLE OFCONTENTS

OFFERING MEMORANDUM152 DEL MAR CIRCLE | AURORA, CO 80011

PROPERTYOVERVIEW

PROPERTY OVERVIEW SYSTEMS INVESTMENT SUMMARY


Units: 37

Building SF: 29,120

Parking: 22

Land: 27,007

Zoning: R-4

Year Built: 1967

Year Renovated: 2010

Gas / Elec Meters: Master / Individual

Water: Master

Trash: Waste Management

Roof: Flat

Heating: Boiler

Cooling: Wall Units

Purchase Price: $4,295,000

Price per unit: $116,081

Price per foot: $147

PROPERTYPHOTOS


PROPERTYPHOTOS

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


DEL M

AR CIR

E 6TH AVE

PEO

RIA

ST

PROPERTYAERIAL


PROPERTY OVERVIEW

A M

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


INVESTMENT SUMMARY

DEBT SUMMARY

INVESTMENTSUMMARY



Purchase Price: $4,295,000

Units: 37

Price Per Unit: $116,081Total SF: 29,120

Price Per SF: $147

T12 Cap Rate: 5.32%Year 1 Cap Rate: 7.44%

Year 1 Cash Flows: 164,792$ 5 Year IRR: 37.00%

Loan to Value: 75.00%

Loan Amount: $3,221,250Loan Term: 30

Interest Rate: 4.80%

Interest Only Period: 12Amortization: 30 Years

RENT ROLLANALYSIS

UNIT SUMMARY:

OFFERING MEMORANDUM7899 YORK STREET | DENVER, CO 80229

OFFERING MEMORANDUM152 DEL MAR CIRCLE | AURORA, CO 80011OFFERING 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

1X1 34 600 $731 $1.22 $950 $1.58

2X1 2 900 $1,025 $1.14 $1,125 $1.25

0X1 1 375 $0 $0.00 $550 $1.46

FINANCIALS



INC

OM

E

ST

AT

EM

EN

T T12 Annualized Year 1 Year 2 Year 3

REVENUE

Gross Potential Revenue $324,900 $414,600 $427,038 $439,849

Vacancy ($16,245) ($20,730) ($21,352) ($21,992)

Rental Revenue $308,655 $393,870 $405,686 $417,857

Expense Reimbursements $10,000 $0 $0 $0

Other Residential Income $25,000 $40,800 $42,024 $43,285

Effective Gross Revneue $343,655 $434,670 $447,710 $461,141

EXPENSES

Repairs and Maintenance ($31,670) ($31,670) ($32,620) ($33,599)

Utilities ($33,000) ($33,000) ($33,990) ($35,010)

Insurance ($10,400) ($10,400) ($10,712) ($11,033)

Real Estate Taxes ($15,228) ($15,228) ($15,685) ($16,155)

Property Management ($18,520) ($18,520) ($19,076) ($19,648)

Admin and Other ($6,500) ($6,500) ($6,695) ($6,896)

Total Expenses ($115,318) ($115,318) ($118,778) ($122,341)

Expenses Per Unit ($3,117) ($3,117) ($3,210) ($3,307)

Net Operating Income $228,337 $319,352 $328,933 $338,801

Cap Rate 5.32% 7.44% 7.66% 7.89%

Debt Service - Yr 1 ($154,560) ($154,560) ($202,731) ($202,731)

Total Cash Flow $73,777 $164,792 $126,202 $136,070

Cash on Cash Return 6.87% 15.35% 11.75% 12.67%

5 MILES

3 MILES

1 MILE

DEMOGRAPHICS



2018 Summary 1 Mile 3 Miles 5 MilesPopulation 21,420 186,443 425,330

Households 7,344 67,895 165,197

Families 4,783 39,816 94,726

Average Household Size

2.92 2.69 2.53

Owner Occupied Housing Units

3,569 28,647 81,717

Renter Occupied Housing Units

3,775 39,249 83,480

Median Age 32.9 32.7 34.2

Median Household Income

$45,236 $44,359 $52,277

Average Household Income

$54,618 $60,769 $74,535

2023 Summary 1 Mile 3 Miles 5 MilesPopulation 22,834 198,838 455,465

Households 7,779 72,041 175,961

Families 5,047 42,141 100,899

Average Household Size

2.93 2.71 2.55

Owner Occupied Housing Units

3,949 32,118 90,610

Renter Occupied Housing Units

3,831 39,923 85,351

Median Age 33.2 32.7 34.3

Median Household Income

$51,762 $52,061 $59,513

Average Household Income

$62,698 $70,386 $84,931

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

TOP 10 PLACESIN THE U.S. TO TRAVEL

(LONELY PLANET, 2016)

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


(U.S. CENSUS BUREAU, 2014)

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


DENVER GROWTH

Ranked as the top place to live in the U.S. by U.S. News & World Report, the city of Denver is home to over 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

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.


FITZSIMONS MEDICAL CAMPUS

Fitzsimons is a 577-acre medical campus located in North Aurora. The facility is home to several healthcare and bioscience companies, including the University of Colorado Anschutz Medical Campus and the Fitzsimons Innovation Campus.

As part of the Fitzsimons campus, the Anschutz Medical Campus includes the University of Colorado Hospital, Children’s Hospital Colorado, VA Medical Center and six health professional schools.

Fitzsimons has given the area an economic boost. Together, the Fitzsimons Innovation Campus and the University of Colorado Anschutz Medical Campus employ more than 40,000 people. Urban renewal around Fitzsimons includes mixed-use commercial, retail, and residential development in order to support the medical campus. These include the Shops at Fitzsimons, Corporex Office Building and Springhill Suites. Future additions will include a 30,000 sq. ft. conference center with 245 rooms, a mixed use development north of the conference center including housing for 460 units and 30,000 sq. ft of commercial and retail space, and mixed use housing of 393 units and 24,000 sq ft of commercial space that will be adjacent to the Colfax light rail station. Redevelopment of the near cultural arts district is also part of the vision including the addition of Stanley Marketplace, a mixed use building with concept similar to “The Source” in RiNo.

Anschutz Medical Campus ranks in the top 10 in the nation for various programs, including:

Primary care Pediatrics, nursing Research Physician’s assistant Family medicine

Additionally, the Children’s Hospital campus at Fitzsimons utilizes over 3,000 specialists and is one of the best pediatric hospitals in the United States, ranking in the top 10 in the nation for five pediatric specialties including cancer, cardiology, endocrinology, gastroenterology, and pulmonology.

*Some information sourced from coloradoencyclopedia.org.


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

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

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/

PROPOSAL TO OFFERING MEMORANDUM152 DEL MAR CIRCLE | AURORA, CO 80011

LIGHT RAIL

PROPOSAL TO MARKET


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

THE NEXUSPEOPLE NOT YOUR

AVERAGE BROKERS.

ADAM RIDDLECo-FounderPrincipal

[email protected]

WALLIS HUTCHENS Office Manager

828.850.9033 [email protected]

AUSTIN SMITH Investment Advisor


CRYSTAL PIERCY Investment Advisor

719.231.2041 [email protected]*Springs Office

SEAN HOLAMON InvestmentAdvisor


TYLER FISH InvestmentAdvisor

701-595-1887 [email protected]

As a team, we might not appear as your typical brokerage – and that’s by design. You might find us in jeans

instead of slacks, outside meeting people instead of in our office, and overall approaching this business

with a different flare. 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 in achieving the goals desired by our clients first. Please

contact any of us to find out what makes us different and if we can help you achieve your wealth goals.

AUSTIN SMITHInvestment Advisor

| 303.868.9096 | [email protected]


|303.918.8909 | [email protected] | 713-857-3054 | [email protected]

ROBERT GRAYInvestment Advisor-Colorado Springs

ROBERT GRAYInvestmentAdvisor713.857.3054 [email protected] Springs Office

JASON KOCH Co-FounderPrincipal


THE NEXUSPEOPLE

ADAM RIDDLECo-FounderPrincipal

[email protected]



WALLIS HUTCHENS O�ce Manager


AUSTIN SMITH Investment Advisor


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



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]



WALLIS HUTCHENS O�ce Manager


[email protected]

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



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



ADAM RIDDLECo-Founder/Principal


SEAN HOLAMONInvestment Advisor

806.789.9799 |[email protected] |


COLONY HOUSE | 152 DEL MAR CIRCLE AURORA, CO 80011

del mar om - nexusnexus-cr.com/wp-content/uploads/2018/08/del-mar-om-sm.pdf · commercial and...

Documents