Park Place CondosSummary Presentation

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990 Park Ave. Denver, CO 80205

Jesse Rolla303.968.8088 | Jesse@redThomes.com

1335 S. Inca St. Denver, CO 80223

Property Overview

Property Highlights:

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$2,750,000

Property DescriptionUnit mix and projected pricing:

Larger units come with spectacular views of Coors

field, Downtown, and Longs Peak

• 3 - 1,110 SF @ $600,000 ($541/SF)• 8 - 1,030 SF @ $540,000 ($524/SF)• 4 - 710 SF @ $420,000 ($592/SF)• 14 - 680 SF @ $415,000 ($610/SF)• 8 - 690 SF @ $390,000 ($565/SF)

• Total: 48 Units- 737 SF (average) @ $421,042 ($572/SF); Total Gross Sales: $20,210,000

• 4 - 610 SF @ $375,000 ($615/SF)• 2 - 680 SF @ $370,000 ($544/SF)• 3 - 430 SF @ $250,000 ($581/SF)• 2 - 410 SF @ $245,000 ($598/SF)

• Five Story Condo Building with 48 units directly on Park Avenue.

• Units are sized and priced for the young & modern professional with a transit oriented lifestyle.

• IdeallylocatedjustfiveblocksfromCoorsFieldand Light Rail.

• Close to Downtown, LoDo, and many other amenities.

At an average sales price of $421,042 for a 737 square foot unit, (572/SF), sales pricing at theParkPlaceCondominiumcanbefavorablycomparedto: (1)othernew-buildconstructionintheimmediatearea(theS*Parkprojectissellingmuch-larger 846 SF units at $543/SF, or $454,162) (2)olderconstructioncondoslocatedcloseby(see,forexample,2193ArapahoeSt,Unit#17, a 602 SF unit recently sold for $315,000, or $506/SF) (3)similarnew-buildprojectsinsimilarneighborhoods(forexample,theWrigleyonPennprojectinSpeerortheObservatoryFlatsprojectnearD.U.) (4)whenconsideringthecosttorentintheimmediatearea(between$1,643and$1,947permonth) to the cost to own a unit at Park Place (just $1,783/mo. in total ownership cost).

Targeted Toward the Young Professional

Entry Level Condos in the Heart of the city

Park Place is a 48-unit project designed fortheentry-levelbuyer. Themajorityoftheunitswillbeanefficient680squarefeet.Pricedatjust$415,000, these units will intentionally target the most price-point driven buyers.Fiveunitsatanaveragesizeof422squarefeet,willbeunparkedand,at$248,000,willbemoreattractivelypriced than similar unparked units that are already selling in the area. For example,theS*ParkProjecthasmultiplesales on units at 578 SF for $329,000 without parking. The three larger units, each approximately 1,110 square feet, will include a tandem parking space and offerviewsofCoorsField,Downtown,and Longs Peak.

Park Place is located in the heart of the rapidly changing Arapahoe Square neighborhood.Thisarea,immediatelyeastoftheCentralBusinessDistrictanddirectly south of LoDo, was completely rezoned in 2016 to allow for high-density, transit-oriented development like Park Place. The location featuresmanyamenitiesandisonlyoneblocktoGreatDivideBrewing,threeblockstoSnooze,andfiveblockstoCoorsFieldandthecenterofLoDo.TheLightrailiswithinfiveblocksandtheCBDisaneasybikerideacrossBroadway.TheCardinalwillbeideallytargetedtowardthemodernprofessionalthatdemandswalkability,closeproximitytodowntown,andatransitorientedlifestyle.

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Map:

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Renderings:

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