nec of sable blvd & mississippi ave - loopnet › d2 › 0_tvpqe2xp78nyxq1... · 100,348 8.82...
TRANSCRIPT
GATEWAY PLAZA MARK PYMS Director of Investment Sales and Leasing
$13,000,000 ($129.55 PSF)
*Parking Lot replaced 1st quarter of 2017 *
NEC of Sable Blvd & Mississippi Ave
1873 South Bellaire Street, Suite 700 |Denver, CO. 80222 [email protected] | Cell: 720.318.9454
MARK PYMS, Director of Investment Sales and Leasing
1873 South Bellaire Street, Suite 700 |Denver, CO. 80222 [email protected] |Office: 303.757.7474 | Cell: 720.318.9454 Each Office Independently Owned & Operated.
GATEWAY PLAZA NEC of Sable Blvd and Mississippi Ave
Summary Of Attached
Executive Summary
Rent Roll
Site Plan
Aerial Map
Floorplan
Financial Analysis
Traffic Counts
Demographic Summary Report
EXECUTIVE SUMMARY
Property Description:
Year Built
Building Type
Gross Leasable Area (GLA)
Site Size
Parking
1984
Retail
100,348
8.82 Acres
Ample
Highlights:
Retail center anchored by ARC, Hibachi Grill, Appliance
Factory Outlet
Professionally managed
Stabilized income stream
Maintained high occupancy for the last decade
Approximately 90% occupied (11,140 SF Vacant)
Easy Access from I-225 & Mississippi
National, Regional and Local Tenant Mix
Signalized Intersection
2 Monument Signs
Commercial Zoning
Concrete Block Construction
Below Market Rents– Average $10.**
1873 South Bellaire Street, Suite 700 Denver, CO Each Office Independently Owned & Operated.
GATEWAY PLAZA
NEC of Sable Blvd and Mississippi Ave
Aurora & Arapahoe County
1873 South Bellaire Street, Suite 700 Denver, CO Each Office Independently Owned & Operated.
RENT ROLL
GATEWAY PLAZA
NEC of Sable Blvd and Mississippi Ave
Aurora & Arapahoe County
PROPERTY TOTALS:
Total Occupied Mo Rents
Total Vacant Rents
Total Gross Rents
Total Square Footage
Average Rent/Sq. Ft./Yr.
Average Rent/Sq. Ft.
Total Security Deposits
90,847.77
90,847.77
100,648
$10.83
0.9
30,390.50
Percentage of Occupied:
Total Occupied Units
Total Vacant Units
Total Units
Percentage Occupied
Total Occupied Sq. Feet
Total Vacant Sq. Feet
Total Square Footage
Percentage Occupied
Percentage of Occupied Sq. Feet
16
2
18
87%
88,908
11,440
100,348
89%
Reference
Number
Starting
Date
Retail
Name
Deposits
Held
Lease Exp
Date
Square
Feet
Square
Feet
Monthly
Rent
Occupant
Name
1873 South Bellaire Street, Suite 700 Denver, CO Each Office Independently Owned & Operated.
SITE PLAN
GATEWAY PLAZA
NEC of Sable Blvd and Mississippi Ave
Aurora & Arapahoe County
0 – 7 Eleven
1 – Dollar Store (Menebere Senebeta)
2 – Liquor Store (Soni, Inc)
3 – Insurance (Rick Simmons)
4 – One Mobile (Roger Chung)
5 – Liquor Store (Soni, Inc) Expanded
6 – Gateway Dental (Dr Ngyen)
7 – ARC Thrift Stores
8 – Phat Mart (Sang C. No)
9 – Vacant (10k sf)
10 – Sable Coin Laundry (Geday Asgedom)
11 – Vacant (1,440 sf)
12 & 13 – Garcia Brothers Mexican Restaurant
14 – Hibachi Grill of Colorado (dba Flaming Grill)
15 – Hair Joy (Yon Ock Morrison)
16 – Aarons Rents (Arona Corp)
17, 18, 19 – IORA (Preservation on Main)
20 – Pizza Hut (NPC International)
21 – Appliance Factory Outlet (A&A Quality Appliance)
- - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
AERIAL MAP
1873 South Bellaire Street, Suite 700 Denver, CO Each Office Independently Owned & Operated.
GATEWAY PLAZA
NEC of Sable Blvd and Mississippi Ave
Aurora & Arapahoe County
FLOORPLAN
1873 South Bellaire Street, Suite 700 Denver, CO Each Office Independently Owned & Operated.
GATEWAY PLAZA
NEC of Sable Blvd and Mississippi Ave
Aurora & Arapahoe County
Vacant
1873 South Bellaire Street, Suite 700 Denver, CO Each Office Independently Owned & Operated.
FINANCIAL ANALYSIS
Investment Summary
Price
CAM
Total SF
Price/SF
CAP Rate
Type of Ownership
$13,000,000
$5.53—2017
100,348 SF
$129.55
8.02 %
Fee Simple
$6,900,000
Assumable Financing (1% Fee)
4.73%
30 Years
Proposed Financing Summary
Loan Amount
Loan Type
Interest Rate
Amortization
$1,105,694.25
$63,263.00
$437,170
$605,261.25
9.97 %
Cash Flow Analysis (Assumption)
GOI OPERATING INCOME
Exp on (Vac x NNN)
Debt Service (4.73%/30 year)
Net Cash Flow After Debt Service
and Expenses
Return Percent
GATEWAY PLAZA
NEC of Sable Blvd and Mississippi Ave
Aurora & Arapahoe County
1873 South Bellaire Street, Suite 700 Denver, CO Each Office Independently Owned & Operated.
TRAFFIC COUNTS
GATEWAY PLAZA
NEC of Sable Blvd and Mississippi Ave
Aurora & Arapahoe County
1873 South Bellaire Street, Suite 700 Denver, CO
Each Office Independently Owned & Operated.
DEMOGRAPHIC SUMMARY REPORT
GATEWAY PLAZA
NEC of Sable Blvd and Mississippi Ave
Aurora & Arapahoe County
DEMOGRAPHIC SUMMARY REPORT