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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
11310HURONST OFFERINGMEMORANDUM
DISCLAIMER&
CONFIDEN
TIALITY
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11310HURONST OFFERINGMEMORANDUM
1EXECU
TIVESUMMARY
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.
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.
11310HURONST OFFERINGMEMORANDUM
2PRO
PERTYOVERVIEW
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.
11310HURONST OVERHEAD
11310HURONST REGIONALMAP
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