for today and tomorrow - longmont downtown development ... · 218 kimbark street 202 kimbark street...
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NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.
1400 Glenarm Place, Suite 100Denver, CO 80202303 534 5005
naishamesmakovsky.com
1400 Glenarm Place, Suite 100Denver, CO 80202303 534 5005
naishamesmakovsky.com
For more information:
Brian Bair415 269 [email protected]
Trent Rice303 565 3033 [email protected] Price: $2,500,000 ($125.00/SF)
For Sale209 Emery Street218 Kimbark Street202 Kimbark StreetLongmont, CO 80501
Site
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The Property is located in a developing area that was recently up-zoned from industrial to mixed-use development. The site benefits from frontage along three streets on the east, west and south boundaries, and a paved alley along the north boundary.
The area has good access to the greater metropolitan Denver area as provided by U.S. Highway 287, which is located one block west of the subject. This highway is referred to as “Main Street” in Downtown Longmont, and is the primary north/south commercial corridor in the City. Ken Pratt Boulevard (State Highway 119) is the primary east/west highway in Longmont, which is accessible approximately 0.6 miles south along Main Street.
Property Overview • Two (2) free-standing, single-story flex/warehouse
buildings and one (1) pavilion building.
• 209 Emery Street contains approximately 8,330 SF of Leasable Area.
• 218 Kimbark Street contains approximately 11,571 SF of Leaseable Area.
• 202 Kimbark Street (gazebo/pavilion) contains approximately 5,580 SF which is not included in the rentable area
• Located along the southern boundary of the Longmont Central Business District (Old Town Area).
• Immediately adjacent to South Main Station, a new 20 acre transit oriented mixed-use development in downtown Longmont. Also included in the City of Longmont’s 1st & Main Street transit revitalization area.
• Included in a newly designated Enterprise Zone.
• The land area is approximately 1.47 acres (64,165 SF).
218 Kimbark Street Cold Storage Warehouse
209 Emery StreetWibby Brewing & Tap Room
202 Kimbark StreetPavilion Building
Emery Street
Kimbark Street
OpportunityFor Today and Tomorrow
For Sale209 Emery Street218 Kimbark Street202 Kimbark StreetLongmont, CO 80501
1400 Glenarm Place, Suite 100Denver, CO 80202303 534 5005
naishamesmakovsky.com
For more information:
Brian Bair415 269 [email protected]
Trent Rice303 565 3033 [email protected]
For Sale209 Emery Street218 Kimbark Street202 Kimbark StreetLongmont, CO 80501
Offering Summary:
Price: $2,500,000
Current NOI: 209 Emery St.
218 Kimbark St.
$74,700
$80,988 Total: $155,688
Price per Square Foot: (Does not include 202 Kimbark-Pavillion SF)
$125.00
Net Rentable Area:
(Does not include Pavilion SF)
209 Emery St.
218 Kimbark St.
8,331 SF
11,571 SF Total: 19,871 SF
Parking Spaces: See Survey
Year Built: 202 Kimbark209 Emery St.218 Kimbark St.
197519751975
Construction Type: Twin T and Concrete Block
Lot Size (Acres): Combined Lot 1.47 Acres
Other: New Roof on all buildings in 2014. Includes additional water and sewer taps for future development or expansion
Financing SummaryAll Cash or Cash to New Financing
This Offering includes two fully leased buildings and one open-air pavilion that can be used for special events, parking or redeveloped.
Existing Leases
209 Emery Street is currently leased to Brewery and Tap Room through December 31, 2019 with two (2) three-year options to renew at market rates.
218 Kimbark Street is currently leased as cold storage and dry storage through December 31, 2016 with no option to renew.
202 Kimbark Street - Pavilion not currently leased.Lease Abstracts Are Available