executive summary - 11310 huron st - loopnet...11310 huron st property details property details...

10
EXECUTIVE SUMMARY HURON LINKS MEDICAL OFFICE 11310 HURON ST NORTHGLENN, CO 80234 CONTACT: SCOTT L FISCHER SENIOR BROKER 303.512.1158 Sfi[email protected] UNIQUE PROPERTIES, INC. 400 South Broadway DENVER, CO 80222 (p) 303.321.5888 (f) 303.321.5889 WWW.UNIQUEPROP.COM

Upload: others

Post on 08-Aug-2020

6 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Executive Summary - 11310 Huron St - LoopNet...11310 huron st property details property details city: northglenn county: adams submarket: north denver building type: medical/office

11310HURONST

EXECUTIVESUMMARY

HURON LINKS MEDICAL OFFICE 11310 HURON ST

NORTHGLENN, CO 80234

CONTACT:SCOTTLFISCHERSENIOR BROKER 303.512.1158 [email protected]

UNIQUE PROPERTIES, INC. 400 South Broadway

DENVER, CO 80222 (p) 303.321.5888 (f) 303.321.5889

WWW.UNIQUEPROP.COM

Page 2: Executive Summary - 11310 Huron St - LoopNet...11310 huron st property details property details city: northglenn county: adams submarket: north denver building type: medical/office

11310HURONST OFFERINGMEMORANDUM

DISCLAIMER&

CONFIDEN

TIALITY

AllmaterialsandinformaEonreceivedorderivedfromUniqueProperEesitsdirectors,officers,agents,advisors,affiliatesand/oranythirdpartysourcesareprovidedwithoutrepresentaEonorwarrantyastocompleteness,veracity,oraccuracy,condiEonoftheproperty,complianceorlackofcompliancewithapplicablegovernmentalrequirements,developabilityorsuitability,financialperformanceoftheproperty,projectedfinancialperformanceofthepropertyforanyparty’sintendeduseoranyandallothermaXers.

NeitherUniqueProperEesitsdirectors,officers,agents,advisors,oraffiliatesmakesanyrepresentaEonorwarranty,expressorimplied, as to accuracy or completeness of the any materials or informaEon provided, derived, or received. Materials andinformaEonfromanysource,whetherwriXenorverbal,thatmaybefurnishedforreviewarenotasubsEtuteforaparty’sacEveconductofitsownduediligencetodeterminetheseandothermaXersofsignificancetosuchparty.UniqueProperEeswillnotinvesEgateorverifyanysuchmaXersorconductduediligenceforapartyunlessotherwiseagreedinwriEng.

EACHPARTYSHALLCONDUCTITSOWNINDEPENDENTINVESTIGATIONANDDUEDILIGENCE.

AnypartycontemplaEngorundercontractorinescrowforatransacEonisurgedtoverifyallinformaEonandtoconducttheirowninspecEonsandinvesEgaEonsincludingthroughappropriatethirdpartyindependentprofessionalsselectedbysuchparty.All financial data should be verified by the party including by obtaining and reading applicable documents and reports andconsulEngappropriateindependentprofessionals.UniqueProperEesmakesnowarranEesand/orrepresentaEonsregardingtheveracity,completeness,orrelevanceofanyfinancialdataorassumpEons.UniqueProperEesdoesnotserveasafinancialadvisortoanypartyregardinganyproposedtransacEon.AlldataandassumpEonsregardingfinancialperformance,includingthatusedforfinancialmodelingpurposes,maydiffer fromactualdataorperformance.AnyesEmatesofmarket rentsand/orprojectedrentsthatmaybeprovidedtoapartydonotnecessarilymeanthatrentscanbeestablishedatorincreasedtothatlevel.ParEesmustevaluateanyapplicablecontractualandgovernmental limitaEonsaswellasmarketcondiEons,vacancy factorsandotherissuesinordertodeterminerentsfromorfortheproperty.

LegalquesEonsshouldbediscussedbythepartywithanaXorney.TaxquesEonsshouldbediscussedbythepartywithacerEfiedpublic accountant or tax aXorney. Title quesEons should be discussed by the partywith a Etle officer or aXorney.QuesEonsregardingthecondiEonofthepropertyandwhetherthepropertycomplieswithapplicablegovernmentalrequirementsshouldbediscussedbythepartywithappropriateengineers,architects,contractors,otherconsultantsandgovernmentalagencies.AllproperEesandservicesaremarketedbyUniqueProperEesincompliancewithallapplicablefairhousingandequalopportunitylaws.

Page 3: Executive Summary - 11310 Huron St - LoopNet...11310 huron st property details property details city: northglenn county: adams submarket: north denver building type: medical/office

11310HURONST OFFERINGMEMORANDUM

1EXECU

TIVESUMMARY

Page 4: Executive Summary - 11310 Huron St - LoopNet...11310 huron st property details property details city: northglenn county: adams submarket: north denver building type: medical/office

11310HURONST

INVESTMENT

Price: $2,950,000PricePerSF: $180.04CapRate: 7.05%NOI: $207,830Occupancy: 100%BuildingSF: 16,385

PROPOSEDFINANCINGLTV: 70%%downpayment: 30%Interestrate: 5.00%AmorEzed(years): 25DueDate: 5

EXECUTIVESUMMARY

THEOFFERINGHuron Links Medical Office Building is a 16,385 square foot fully occupied Medical office building that is Priced at a Cap Rate of 7.05% on actual income. The rent roll is a mix of healthcare oriented tenants with businesses that provide essential services to the community which include chiropractic, psychiatric, dental, and primary medical care. Each tenant has executed a multi years lease with an average rent of $19.76/SF and $0.50/SF annual escalations. Built in 2000 this building has been very well-maintained and offers desirable features including a large lobby, ADA compliant restrooms, elevator access, and high-end office and medical build-out. Huron Links is a great investment based solely on the building, rent roll, and income but additional bonus is the large area of raw land on the 2.198 Acre site that offers the ability to build a second income producing building. This investment is an opportunity to own a medical office building that is income producing, well located, easy to manage, with future development opportunity.

HIGHLIGHTS•100%occupiedmultitenantMedicalOfficeinvestment.

•Pricedonactualnumbersata7.05%CapRate.

•Offeredbelowthereplacementcostat$180.04persquarefoot.

•Full Service Leaseswith an average Rent of $19.76/SF and $0.50/SFannualescalations.

•Tenantsincludechiropractic,psychiatric,dental,andprimarymedicalcare.

•2000constructionwithHigh-endofficeandmedicalbuild-out.

• Includesrawlandforfuturedevelopment.

OFFERING TERMS

Theinformationcontainedhereinwasobtainedfromsourcesbelievedreliable;however,UniquePropertiesmakesnoguarantees,warrantiesorrepresentationsastothecompletenessoraccuracythereof.Thepresentationonthispropertyissubmittedsubjecttoerrors,omission,changesofprice,orconditions,priortosaleorlease,orwithdrawalwithoutnotice.

Page 5: Executive Summary - 11310 Huron St - LoopNet...11310 huron st property details property details city: northglenn county: adams submarket: north denver building type: medical/office

11310HURONST

PRICING&RETURNSPrice $2,950,000PriceperSF $180.04CAPRate 7.05%

OPERATINGDATABase Rent $362,155Expense Reimbursement $6,123.24Additional Income $0Gross Potential Income $368,278Vacancy Factor 5.00% - $18,108Reserves $0.15 - $2,458Effective Gross Income $347,712TotalExpenses - $139,882NetOperaEngIncome $207,830

PROPOSEDFINANCINGDownPayment 30% $885,000LoanAmount $2,065,000InterestRate 5.00%AmorEzaEon(Years) 25DebtService $144,861

RETURNONINVESTMENTNetCashFlow $62,969Cash-On-Cash 7.12%PrincipalReducEon $42,578TotalReturn $105,547TotalReturn% 11.93%

EXECUTIVESUMMARY

OFFERINGSUMMARY

Theinformationcontainedhereinwasobtainedfromsourcesbelievedreliable;however,UniquePropertiesmakesnoguarantees,warrantiesorrepresentationsastothecompletenessoraccuracythereof.Thepresentationonthispropertyissubmittedsubjecttoerrors,omission,changesofprice,orconditions,priortosaleorlease,orwithdrawalwithoutnotice.

Page 6: Executive Summary - 11310 Huron St - LoopNet...11310 huron st property details property details city: northglenn county: adams submarket: north denver building type: medical/office

11310HURONST OFFERINGMEMORANDUM

2PRO

PERTYOVERVIEW

Page 7: Executive Summary - 11310 Huron St - LoopNet...11310 huron st property details property details city: northglenn county: adams submarket: north denver building type: medical/office

11310HURONST PROPERTYDETAILS

PROPERTYDETAILSCITY: Northglenn

COUNTY: Adams

SUBMARKET: NorthDenver

BUILDINGTYPE: Medical/Office

YEAROFCONSTRUCTION: 2000

BUILDINGSIZE: 16,385

TENANCY: MulEple

UNITS: 6

FLOORS: 3

ZONING: C-4

PARKING: 4.89/1,000-88SurfaceSpaces

LAND: 2.198AC/9,5744.88SF

LEGALDESCRIPTION: SUB:ALLIANCEDATABLK:2LOT:2

PARCELNUMBER: 171903002016

PROPERTY ADDRESS

HURON LINKS MEDICAL OFFICE 11310 HURON ST NORTHGLENN, CO 80234

Zoning:COMMERCIAL-4DISTRICT(C-4)ThepurposeoftheCommercial-4Districtistoserveasageneralretailandservicedistrictdesignedtoprovideservicesandproductsforboththegeneralandtraveling public in a regional context. The following principal commercial uses are permitted in a Commercial-4 District as noted above: Animal Hospitals,AutomobileDealers,AutomotiveRepair,AutomobileServiceStations,BedandBreakfastEstablishments,CommercialRetail,ConvenienceRetailStore,Drive-InFacilities, Golf Course/Driving Range, Indoor Commercial Recreation/Entertainment, Lodging, Office, Parking Lot, Restaurants, Sexually Oriented Businessessubjecttotherequirements,andTradeSchools

ZONING

Theinformationcontainedhereinwasobtainedfromsourcesbelievedreliable;however,UniquePropertiesmakesnoguarantees,warrantiesorrepresentationsastothecompletenessoraccuracythereof.Thepresentationonthispropertyissubmittedsubjecttoerrors,omission,changesofprice,orconditions,priortosaleorlease,orwithdrawalwithoutnotice.

Page 8: Executive Summary - 11310 Huron St - LoopNet...11310 huron st property details property details city: northglenn county: adams submarket: north denver building type: medical/office

11310HURONST OVERHEAD

Page 9: Executive Summary - 11310 Huron St - LoopNet...11310 huron st property details property details city: northglenn county: adams submarket: north denver building type: medical/office

11310HURONST REGIONALMAP

Page 10: Executive Summary - 11310 Huron St - LoopNet...11310 huron st property details property details city: northglenn county: adams submarket: north denver building type: medical/office

EXCLUSIVE AGENTS:SCOTTLFISCHERSENIOR BROKER 303.512.1158 [email protected]

TheinformaNoncontainedhereinwasobtainedfromsourcesbelievedreliable;however,UniqueProperNesmakesnoguarantees,warranNesorrepresentaNonsastothecompleteness or accuracy thereof. The presentaNonon this property is submi]ed subject to errors, omission, changes of price, or condiNons, prior to sale or lease, orwithdrawalwithoutnoNce.

HURON LINKS MEDICAL OFFICE 11310 HURON ST NORTHGLENN, CO 80234