offering memorandum townhome portfolio · townhome portfolio 1721 e 35th st & 3549 williams st...

OFFERING MEMORANDUM

Townhome Portfolio1721 E 35TH ST & 3549 WILLIAMS STDenver, CO 80205

JASON KOCHCo-Founder/Principal

303.918.8909 | [email protected] |

For More Information Contact

ADAM RIDDLECo-Founder/Principal


CONFIDENTIALITYDISCLAIMER

This confidential Offering Memorandum, has been prepared by Nexus Commercial Realty for use by a limited number of qualified parties. This Offering Memorandum has

been provided to you at your request based upon your assurances that you are a knowledgeable and sophisticated investor in commercial real estate projects and

developments. Nexus Commercial Realty recommends you, as a potential buyer/investor, should perform your own independent examination and inspection of the property

located at 1721 E 35th St & 3549 Williams St located in Denver, Colorado (the “Property”) and of all of the information provided herein related to the Property. By accepting

this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination and investigation of the Property and you shall not rely on any

statements made in this Offering Memorandum or upon any other materials, statements or information provided Nexus Commercial Realty or its brokers.

Nexus Commercial Realty makes no guarantee, warranty or representation about the completeness or accuracy of the information set forth in this Offering Memorandum.

You are responsible to independently verify its accuracy and completeness. Nexus Commercial Realty has prepared the information concerning the Property based upon

assumptions relating to the general economy, its knowledge of other similar properties in the market, and on other market assumptions including factors beyond the control

of the Nexus Commercial Realty and the Owner of the Property. Nexus Commercial Realty make no representation or warranty as to either the accuracy or completeness of

the information contained herein, and the information set forth in this Offering Memorandum in not intended to be a promise or representation as to the future performance

of the Property. Although the information contained herein is believed to be accurate, Nexus Commercial Realty and the Property Owner disclaim any responsibility or

liability for any inaccuracies. Further Nexus Commercial Realty and the Property Owner disclaim any and all liability for any express or implied representations and

warranties contained in, or for any omissions from, the Offering Memorandum and for any other written or oral communication transmitted or made available to you. Nexus

Commercial Realty shall make available to you, as a qualified prospective investor, additional information concerning the Property and an opportunity to inspect the

Property upon written request.

This Offering Memorandum and the contents are intended to remain confidential except for such information which is in the public domain or is otherwise available to the

public. By accepting this Offering Memorandum, you agree that you will hold and treat Offering Memorandum in the strictest confidence, that you will not photocopy or

duplicate it, or distribute it. You agree you will not disclose this Offering Memorandum or its contents to any other person or entity, except to outside advisors retained by

you and from whom you have obtained an agreement of confidentiality, without the prior written authorization Nexus Commercial Realty. You agree that you will use the

information in this Offering Memorandum for the sole purpose of evaluating your interest in the Property. If you determine you have no interest in the property, kindly return

the Offering Memorandum to Nexus Commercial Realty at your earliest convenience.


| 303.257.7627 | [email protected]


|303.918.8909 | [email protected]





Property Overview

Property Photos

Maps

Financials

Sold Comparables

Location Overview

Demographics

The Nexus People

TABLE OFCONTENTS

PROPERTYOVERVIEW

PROPERTY OVERVIEW

Address: 1721 E 35th St & 3549

Williams St | Denver, CO

Type: Townhomes

Units: 22

Building SF: 16,257 SF

Parking: 8 Spaces

Land: 17,860 SF

Zoning: U-SU-A1

Year Built: 1892

SYSTEMSGas/Elec Meters: Separate/Separate

Water: Master

Trash: Waste Management

Roof: Flat

Heating: Furnaces

Cooling: Wall Units





Purchase Price

Per Unit

Price Per SF

$4,080,000

$185,455

$251.00

INVESTMENT SUMMARY

22 vintage townhomes in the hot Cole neighborhood

Separate furnaces and water heaters in every unit

Washer / Dryer hookups in 15 of 22 units

Located a short walk to new retail & light rail at 38th & Blake

INVESTMENT HIGHLIGHTS

CLICK TO VIEW VIRTUAL

PROPERTY TOUR

1721 E 35th St.

3549 Williams St.

https://my.matterport.com/show/?m=ouMxMB9WSTm&play=1

https://my.matterport.com/show/?m=yJEKdKGieGC&play=1

PROPERTYPHOTOS1721 E 35TH ST





PROPERTYPHOTOS3549 WILLIAMS ST





PROPERTYAERIAL

GIL

PIN

ST

E. 35TH AVE





E. 36TH AVE

WILLIA

MS ST

3549 WILLIAMS ST

1721 E. 35TH ST

Brighton Blvd Retail

AMENITIESMAP

PORTFOLIO

Blake St

RTD - 38th & Blake

Brighton Blvd

40th AveD

ow

nin

g St

.

FIVE POINTSSUBMARKET





PORTFOLIOBrighton B

lvd

38th & BlakeStation

FIVE POINTSSUBMARKET FIVE POINTSSUBMARKET





Purchase Price:

Units:

Price Per Unit:

Total SF:

Price Per SF:

T6 Cap Rate:

Year 1 Cap Rate:

Year 1 Cash Flows:

5 Year IRR:

$4,080,000

22

$185,455

16,257

$251

5.43%

6.66%

$84,892

30%

INVESTMENT SUMMARY

Loan to Value:

Loan Amount:

Loan Term:

Interest Rate:

Interest Only Period:

Amortization:

80.00%

$3,264,000

30

4.00%

None

30 Years

DEBT SUMMARY

INVESTMENTSUMMARY

RENT ROLLANALYSIS





Unit Type

2 bed, 1 bath

2 bed, 1 bath

Unit Amount

12

10

Unit SF

674

816

Current Ave. Rent

$1,182

$1,290

Current Rent / SF

$1.75

$1.58

Market Rent

$1,325

$1,400

Market Rent / SF

$1.97

$1.72

UNIT SUMMARY:

LOSS TO LEASE BURN-OFF

LEASE EXPIRATION SCHEDULE

FINANCIALS

REVENUE

Gross Potential Revenue

(Vacancy)

Rental Revenue

Expense Reimbursement

Other Income

Effective Gross Revenue

EXPENSES

Repairs and Maintenance

Utilities

Insurance

Real Estate Taxes

Property Management

Admin and Other

Total Expenses

Expenses Per Unit

Net Operating Income

Cap Rate

Debt Service - Yr 1

Total Cash Flow

Cash on Cash Return

T6 Annualized

$320,006

($16,000)

$304,006

$13,675

$5,809

$323,490

$18,101

$11,205

$9,719

$14,546

$22,642

$25,819

$102,032

$4,638

$221,458

5.43%

($186,765)

$34,693

4.25%

Year 1

$358,800

($17,940)

$340,860

$14,000

$6,000

$360,860

$18,101

$11,205

$9,719

$14,546

$ 22,642

$12,990

$89,203

$4,055

$271,657

6.66%

($186,765)

$84,892

10.40%

Year 2

$369,564

($18,478)

$351,086

$14,000

$6,600

$371,686

$18,644

$11,541

$10,011

$14,982

$23,321

$13,380

$91,879

$4,176

$279,807

6.86%

($186,765)

$93,042

11.40%

Year 3

$380,651

($19,033)

$361,618

$15,000

$6,218

$382,836

$19,203

$11,887

$10,311

$15,432

$24,021

$13,781

$94,636

$4,302

$288,200

7.06%

($186,765)

$101,435

12.43%





INC

OM

E

ST

AT

EM

EN

T

1

23

4

SOLDCOMPARABLES

Address

1721 E 35th St &

3549 Williams St

2400 High St

2800-2806 Larimer St

2725 Monroe St

2503-2519 Tremont PL

# Comp

SUBJECTPROPERTY

1

2

3

4

Averages

Units

22

16

7

18

11

Building SF

16,257

8,900

4,170

11,100

13,475

Sale Price

$4,080,000

$2,825,000

$1,360,000

$3,800,000

$2,750,000

$2,683,750

Price Per Unit

$185,455

$176,563

$194,286

$211,111

$250,000

$207,990

Price Per Foot

$251

$317

$326

$342

$204

$297





Cap Rate

6.66%

5.52%

5.22%

6.34%

5.16%

5.56%

About Five PointsNorth of downtown, Five Points is one of Denver’s oldest neighborhoods. Its name refers to the “five points” of the grid formed by Washington Street, 27th Street, 26th Avenue, and Welton Street. This historic district was frequented by jazz legends including Billie Holiday, Louis Armstrong, and Miles Davis, and was also mentioned repeatedly in Jack Kerouac's book, On the Road . Today, Five Points continues to be treasured as one of Denver’s most culturally diverse neighborhoods.

ActivitiesFive Points is known for its creativity, vibrancy, and cultural diversity. This neighborhood is alive with innovative coffeehouses, craft breweries, boutique shopping, museums, and eclectic eats. It is conveniently located at the intersection of I-25 and I-70, and is just a few minutes away from downtown Denver and City Park.

DemographicsFive Points is a diverse neighborhood and is home to nearly 15,000 people. Residents enjoy a relatively high standard of living with with a median household income that is higher than the national median income. Top industries in the area include retail, industrial, public, and office.

LightrailJust north of downtown Denver, Five Points is conveniently located along both the A line (Union Station to Denver Airport) and D line (30th and Downing to Littleton). The Five Points neighborhood is just minutes away from Union Station downtown and just half-hour light rail ride away from Denver International Airport (DIA).

LOCATION OVERVIEW





DEMOGRAPHICS

2017 Summary

Population

Households

Families

Average Household Size

Owner Occupied Housing Units

Renter Occupied Housing Units

Median Age

Median Household Income

Average Household Income

2022 Summary

Population

Households

Families

Average Household Size

Owner Occupied Housing Units

Renter Occupied Housing Units

Median Age

Median Household Income

Average Household Income

1 Mile

20,780

8,031

4,061

2.55

3,514

4,517

32.6

$47,247

$65,256

1 Mile

22,910

8,845

4,453

2.56

3,827

5,018

32.9

$56,111

$78,482

3 Miles

170,495

86,626

29,040

1.90

30,739

55,887

34.3

$55,674

$85,424

3 Miles

188,733

95,894

31,990

1.90

33,918

61,976

34.8

$72,072

$103,183

5 Miles

408,342

187,895

80,445

2.12

80,275

107,620

35.0

$56,696

$89,285

5 Miles

449,483

206,820

88,095

2.12

88,167

118,653

35.5

$70,606

$105,709

5 MILES

3 MILES

1 MILE





THE NEXUSPEOPLE NOT YOUR

AVERAGE BROKERS.





ADAM RIDDLECo-FounderPrincipal

[email protected]

JASON KOCH Co-FounderPrincipal

303.918.8909 [email protected]

WALLIS HUTCHENS Office Manager


AUSTIN SMITH Investment Advisor


CRYSTAL PIERCY Investment Advisor719.231.2041 [email protected] 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.

1721 E 35TH STREET & 3549 WILLIAMS STREETDENVER, CO

For More Information Contact





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