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Bolt • Carner • Ballenger Deal Board BOLT • CARNER • BALLENGER DEAL BOARD COMING SOON / ON THE MARKET / CLOSED COMING SOON! COMING SOON! NEW LISTING! COMING SOON! NORTHEAST 2534 CONNECTION 700-702 W. 48TH AVENUE 382,000 SF 132,230 SF 77,222 SF 4 Building Portfolio Class A New Construction Multi-Tenant Class A October 2019 Delivery 100% Leased, I-70 Visibility Industrial | Airport Submarket Industrial | North Submarket Industrial | Central Submarket SOLD! ON THE MARKET! UNDER CONTRACT! PANASONIC COMPARK PORTFOLIO COLORADO INDUSTRIAL PORTFOLIO 112,966 SF 213,000 SF 1.95 Million SF of Infill Industrial High Credit Tenant 2 Buildings Immediate Upside & Value Creation Aurora, CO Englewood, CO 19 Strategically Located Projects Industrial | Northeast Submarket Industrial | Southeast Submarket Denver - Boulder - Colorado Springs, CO 1.9 Million SF | 14 Best-in-Class Logistics Properties | 96.5% Leased | Denver, CO SOLD! SOLD! SOLD! PAULS PORTFOLIO DENVER HONEYWELL/303 S. TECHNOLOGY CT. PARK TECHNOLOGY CENTER PAULS DENVER & NATIONAL PORTFOLIO 75,119 SF on 7.73 AC 145,700 SF on 7 AC 3.75 Million SF A CBRE NATIONAL PARTNERS INDUSTRIAL INVESTMENT OPPORTUNITY Investment Grade - 10+ Year Term 4 Building Portfolio - Multi-Tenant Best-in-Class Industrial Broomfield, CO Westminster, CO Denver, Dallas, Atlanta, Las Vegas Industrial | Northwest Light Industrial | North Strategic Supply Chain Markets www.cbredealflow.com Capital Markets | Investment Properties Jim Bolt Tyler Carner Jeremy Ballenger Jessica Ostermick +1 720 528 6310 +1 303 264 1903 +1 303 264 1902 +1 303 264 1927 Executive Vice President Senior Vice President Senior Vice President Director [email protected] [email protected] [email protected] [email protected] BOLT • CARNER • BALLENGER DEAL BOARD CLOSED Property Address Buyer / Seller Listing Building SF YOC Comments Sale Sale Sale Broker Date Price Price/SF Multi-tenant. 19 projects strategically located in the major Colorado markets of Colorado Industrial Denver, Boulder and Colorado Springs. Portfolio Berkeley Partners / SOLD CBRE 1,949,981 Varies Buyer is now one of the largest industrial 1/25/19 $247,500,000 $126.92 19 Buildings Etkin Johnson Group Landlords in the Mountain West. 93% Front Range, CO leased to a diverse roster of tenants at rents approximately 17% below market. Single tenant leased to Honeywell Inter- Honeywell national, Inc. on a 10-year lease at $11.08 Jakobson Properties / SOLD 303 S Technology Court CBRE 75,119 1997 with 2.5% annual escalations. NNN lease, 1/3/19 $15,250,000 $203.01 Brue Baukol Broomfield, CO tenant required to replace roof and fire alarm system. Single story flex/office. Multi-tenant. Leased to 25 tenants with Park Technology Center in place rent of $9.82 -- 2.91% annual The Bendetti Company / SOLD 960-1130 W. 124th Ave. CBRE 145,700 2000 escalations, 3.94 yrs. term. Industrial 12/27/18 $19,300,000 $132.46 First Industrial Westminster, CO office. Year 1 cap rate reflected with 7.0% general vacancy. Smith Road Commerce Off market transaction. Multi-tenant class Center Clarion Partners / A. *Cap rate reflects stabilized cap rate SOLD CBRE 290,147 2017 12/19/18 $28,000,000 $96.50 12900 E. Smith Rd. Brookwood Capital with 2.5% general vacancy. Purchase price Aurora, CO reduced by leasing costs and downtime. Highland Tech Center Multi-tenant flex project leased to 5 9000 Venice Partners / SOLD 9825-8985 E. Nichols Ave. CBRE 61,089 1982 tenants with an average term of 3.65 years 12/10/18 $8,000,000 $130.96 Etkin Johnson Centennial, CO . Cap rate reflects year 1 proforma. Central 62 Distribution Multi-tenant leased to 3 tenants with Center JP Morgan / weighted average lease term of 6 years. SOLD CBRE 124,024 2017 9/27/18 $21,325,000 $171.94 435-495 E. 62nd Ave. Corum Real Estate Approximately 10% office build-out. Year Denver, CO 1 cap rate, reflects 3.0% general vacancy. Multi-tenant leased to 6 tenants. 100% 224 & 226 Commerce St. Stockbridge / leased at rental rates approximately 16% SOLD CBRE 121,133 1978 9/18/18 $12,200,000 $100.72 Broomfield, CO Flagstaff Holdings below market and a weighted average remaining lease term of 3.05 years. Single tenant leased to Dish Network DISH Service, LLC. $4.25 in-place rent with 7.2 Cabot Properties / SOLD 12695 E. 39th Ave. CBRE 153,813 1973 years of term remaining. 2.5% annual 8/22/18 $12,050,000 $78.34 Prologis Denver, CO escalations. Older, standard industrial, easily divisible. New construction. 100% leased to 3 Confluent Center 70 tenants with a weighted average lease LBA Realty / SOLD 15100 E. 40th Ave. CBRE 105,670 2017 term of 8.9 years and 2.5% escalations. 5/30/18 $15,725,000 $148.81 Confluent Development Aurora, CO Cap rate calculated per Year 1 NOI, 2% general vacancy. New construction. 4 total buildings. 95% Hub 25 leased to 8 tenants with a weighted JP Morgan / SOLD 601 E. 64th Ave. CBRE 421,499 2017 average lease term of 8.9 years and 2.5% 5/11/18 $74,000,000 $175.56 Westfield Denver, CO escalations. Cap rate calculated per Year 1 NOI, 2% general vacancy. © 2019 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written content of the owner is prohibited. BOLT • CARNER • BALLENGER DEAL BOARD CLOSED Property Address Buyer / Seller Listing Building SF YOC Comments Sale Sale Sale Broker Date Price Price/SF 1840 W. Oxford LBA Realty / 1984 100% leased to Ferguson Enterprises, SOLD CBRE 102,000 4/20/18 $15,000,000 $147.06 Sheridan, CO Cadence Capital (2017 ren.) Infill Central warehouse. Ferguson Warehouse 1840 W. Oxford Ave. Preliminary Exterior Perspecve 6-19-17 Pauls Gateway Portfolio Clarion Partners / 96.5% leased. 14 Class A distribution SOLD CBRE 1,934,927 1995-2015 2/27/18 $206,150,306 $106.54 Aurora / Denver, CO Pauls Corporation building portfolio. 14000 WEST 44TH AVENUE GOLDEN, COLORADO 100% leased to a single tenant for 10 14000 W. 44th Ave. Circle Industrial / SOLD CBRE 16,334 1967 years. Located on 4.07 acres with fenced 1/26/18 $2,800,000 $171.42 Golden, CO iStar Busco yard. PROPOSAL FOR Capital Markets | Investment Properties REAL ESTATE ADVISORY SERVICES PREPARED FOR ISTAR Highfield Building 5 Lincoln Property 100% leased to 2 tenants. Class A new SOLD 14150 Grasslands Dr. Company / CBRE 101,000 2016 1/09/18 $13,500,000 $133.66 construction. Englewood, CO Confluent Development Sherwood Business Park Multi-tenant leased to 82+ tenants. 2701 Oxford Includes 0.97 acres of vacant land Matrix Group / 2030-4040/3942 S. CBRE 231,886 1980-1986 (Multi-family zoning) and retail properties 12/13/17 $22,305,000 $96.19 SOLD BLT Legacy Group Federal on federal. Tenants are on MG leases with Denver, CO one year terms. Office warehouse. Single-tenant leased to Premier Medical 5055 E. 58th Ave. Doyle Family Trust / Corp through Oct 2024. $4.00 in-place SOLD CBRE 43,000 1997 11/17/17 $4,850,000 $112.79 Denver, CO 226 Commerce LLC rent with 3% annual escalations. Metal warehouse. GENERAL WELDING SUPPLY 1.14 ACRE DEVELOPMENT IN RINO | DENVER, CO General Welding Invent Development 4003 & 4005 Walnut $110.86/ SOLD Partners / CBRE 1.14 AC N/A Purchased for redevelopment. 9/29/17 $5,505,110 4000 Blake St. LAND SF General Welding Denver, CO SITE :: TYLER CARNER :: JEREMY BALLENGER :: MARTIN ROTH Senior Vice President Vice President First Vice President +1 720 528 6397 +1 720 528 6383 +1 720 528 6367 Infill Land Investment. Single tenant. [email protected] [email protected] [email protected] Sandor Zirulnik & Frances 6290 Clermont St. Leased to Contech Engineered Solutions $13.21/ SOLD Burgess Trust / CBRE 7.95 AC 1950 8/25/17 $4,575,000 Denver, CO for 8 years -- $25K / month start with 2% LAND SF LCP Dexter annual escalations. 100% leased to 5 tenants. Class A 16163 W. 45th Dr. Colony Financial / SOLD CBRE 196,633 1998 distribution building. Sold as part of 8/14/17 $20,000,000 $101.71 Golden, CO Thackeray Partners national portfolio. Champion Windows Boston Partnership / 100% leased to a single tenant through SOLD 5850 Byrd Dr. CBRE 19,680 2004 8/01/17 $2,815,000 $143.04 Champion Ft. Collins 2021. Class A showroom/distribution. Loveland, CO FedEx Arvada Gary Giambrocco / 100% leased multi-tenant. FedEx Corp SOLD 6531 W. 56th Ave. Wikoff Arvada/Waihona CBRE 43,912 1984 occupies 83% of the building. 1031 6/16/17 $4,653,000 $105.96 Arvada, CO Arvada exchange. © 2019 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written content of the owner is prohibited.
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