OFFERING MEMORANDUM 5551 ALLISON ST, 8150 RENO DR & 5480 BALSAM ST ARVADA, CO 80007

TRAVIS HODGE ANTHONY BOBAY TRINA BURTON Senior Advisor Investment Sales Advisor Broker Associate Sierra Vista Realty, LLC [email protected] [email protected] [email protected] 404.259.8171 720.297.6667 720.209.9002 | 720.772.7171 TABLE OF CONTENTS

PROPERTY OVERVIEW LOCATION OVERVIEW APPENDIX PROPERTY OVERVIEW PROPERTY HIGHLIGHTS

Located in Qualified Opportunity Zone with Medium-High density residential zoning (24 units/acre).

Less than 1/2 mile to Olde Town Arvada shops, restaurants, and commuter rail station.

Sits on top of hill with incredible views facing south and west.

Exempted from School Land Dedication/Fee-In-Lieu due to proximity to rail.

80002 zip code home values: 16.3% increase in the past year; 8.0% increase forecasted over next 12 months. SITE OVERVIEW

SITE OVERVIEW

ADDRESS 5551 ALLISON ST, 8150 RENO DR &

5480 BALSAM ST

CITY/STATE/ZIP CODE ARVADA, CO 80002

PARCEL ID 3914206032, 3914206031, 3914206030

COUNTY JEFFERSON

ZONING MUNICIPALITY CITY OF ARVADA

ZONING R24

PARCEL SIZE (SF) 91,012 SF

PARCEL SIZE (AC): 2.09 ACRES

MAX HEIGHT (FT): 35'

ENVIRONMENTAL CONDITION: NO KNOWN CONDITIONS

FEMA FLOOD ZONE DESIGNATION: NONE

MILL LEVY: 96.499

LIST PRICE: TBD BY MARKET LOCATION OVERVIEW NEIGHBORHOOD DESCRIPTION

The citizens of Arvada, CO have a great deal of pride in their city. Located just northwest of Denver, Arvada is a community unlike many others. Arvada consistently competes with the larger metropolitan areas in the areas of business and commerce but retains a small-town charm that other suburbs can’t replicate. With such great assets as the Arvada Center, the Apex Center and a historic shopping district, Olde Town, Arvada is thriving. A highly educated workforce, low crime rate and excellent quality of life have all contributed to the popularity of Colorado’s 8th largest city.

The 80002 zip code is home to some of Arvada's hottest neighborhoods such as South Central, Historic Olde Town, and New Town. Townhomes in these neighborhoods are in high demand, with new units starting in the upper-$500k's up to the low-$700k's. Bidding wars have become commonplace as young couples and first-time homebuyers are pouring into neighborhoods within walking/biking distance of Olde Town. The areas robust growth is showing no signs of slowing down, with Zillow projecting an 8% increase in home values over the next year. AREA STREET MAP

5551 ALLISON ST, 8150 RENO DR & 5480 BALSAM ST

Reno Dr

Allison St

Balsam St

Carr St AREA MAP

Standley Lake

80TH AVE

WADSWORTH AVE Northwest Ralston Arvada Valley

Arvada 64TH AVE

Old Towne Arvada Harold Luts Sports Complex Old Towne Arvada Station Arvada Ridge Station WARD RD 52ND AVE 52ND AVE

INDEPENDENCE ST 5551 ALLISON ST, 8150 RENO DR

KIPLING ST Wheat Ridge & 5480 BALSAM ST Ward Station WADSWORTH AVE

Downtown Denver 11.7 miles, 18-minute drive REGIONAL MAP

Broomfield

Westminster 5551 ALLISON ST, 81508520 RENO W DR & 5480 BALSAM52ND ST AVE

Wheat Ridge

Denver

Lakewood NEIGHBORHOOD MAP

OLDE TOWN ARVADA DENVER BEER CO, ELEVATED SELTZER, 12 VOLT TAVERN, BREAD WINNERS, FLIGHTS WINE, FUZZY'S TACO, CHEAPSKATES SPORTS BAR, HOMEGROWN TAP APEX FIELD & DOUGH, NEW IMAGE HOUSE BREWING, SCHOOL HOUSE KITCHEN, STEUBEN'S

OLDE TOWN ARVADA STATION

LAWRENCE TERRACE PARK ELEMENTARY DOG PARK SCHOOL

RED ROCKS COMMUNITY COLLEGE ARVADA ARVADA CAMPUS CENTERPLACE 5551 ALLISON ST,8150 RENO DR SHOPPING

& 5480 BALSAM ST CENTER WADSWORTH BLVD WADSWORTH

ARVADA RIDGE STATION

ARVADA RIDGE MARKET PLACE GRIFFITH FOUR ACRE STATION PARK LAKE PARK

STEELE SCHOOL FOR ARVADA MARKET PLACE EARLY LEARNING

KIPLING PKWY

FAITH CHRISTIAN HIGH SCHOOL APPENDIX DEMOGRAPHICS POPULATION 1m 3m 5m Population (1990) 12,505 102,654 280,277 Population (2000) 13,931 109,887 314,378 Population (2010) 14,180 107,174 299,899 Population (Current) 15,698 119,020 339,311 Population (5 Yr. Forecast) 15,988 121,677 348,509 Percent Growth (CurrentYr./Previous Yr.) 10.30% 11.23% 13.69% Percent Forecast (5 Yr.Forecast/Current Yr.) 1.86% 2.22% 2.73%

INCOME 1m 3m 5m Median Household Income $58,701 $72,976 $74,224 Total Household Income $557,644,725 $4,620,472,250 $13,380,271,110 Average Household Income $75,124 $88,418 $92,126 Per Capita Income $35,523 $38,821 $39,434 Avg Family Income $96,759 $109,838 $112,268 Family Income, Per Capita $32,949 $37,109 $37,884

HOUSEHOLD 1m 3m 5m Households (Current) 7,423 52,257 145,239 Families 3,644 29,598 82,727 Average Size of Household 2.19 2.30 2.34 Median Age of Householder 48 54 51 Median Value OwnerOccupied $186,887 $225,472 $234,723 Median Rent $777 $919 $941 Median Vehicles PerHousehold 2.0 2.0 2.0 Housing Units 7,762 54,338 152,115 Owner Occupied Units 3,199 31,509 84,356 Renter Occupied Units 4,224 20,748 60,883 Vacant Units 339 2,081 6,876 EMPLOYMENT KEY EMPLOYERS # of Employees Business Activity Address City

Coors Tek Inc 1000 - 4999 Ceramic Products-Industrial (Mfrs) 16000 Table Mountain Pkwy Golden Lutheran Medical Ctr 1000 - 4999 Hospitals 8300 W 38th Ave Wheat Ridge Personal Assistance Svc Of Co 1000 - 4999 Home Health Service 9197 W 6th Ave Lakewood Public Safety Dept 1000 - 4999 Government Offices-State 700 Kipling St Lakewood Terumo Bct Inc 1000 - 4999 Physicians & Surgeons Equip & Supls-Mfrs 10811 W Collins Ave Lakewood Arvada City Government 500 - 999 Government Offices-City/Village & Twp 8101 Ralston Rd Arvada City Of Arvada 500 - 999 Government Offices-City/Village & Twp 8101 Ralston Rd Arvada Firstbank Holding Co 500 - 999 Holding Companies (Bank) 12345 W Colfax Ave Lakewood Jefferson Center-Mental Health 500 - 999 Mental Health Services 9101 Harlan St Westminster Livanova 500 - 999 Health Equipment & Supls-Manufacturers 14401 W 65th Way Arvada Masters Gaming 500 - 999 Casinos 5475 Harlan St Arvada Motor Vehicle Div 500 - 999 Department Of Motor Vehicles 1881 Pierce St Lakewood Regis University 500 - 999 Schools-Universities & Colleges Academic 3333 Regis Blvd Denver Sunshine Building Mntnc Inc 500 - 999 Janitor Service 7717 W 6th Ave Lakewood American Baptist Home 250 - 499 Nursing & Convalescent Homes 4800 Tabor St Wheat Ridge Apex Park & Recreation Dist 250 - 499 Recreation Centers 13150 W 72nd Ave Arvada Ball Metal Beverage Contnr Crp 250 - 499 Cans (Whls) 4525 Indiana St Golden City Of Wheat Ridge Colorado 250 - 499 Government Offices-City/Village & Twp 7500 W 29th Ave Wheat Ridge Colorado Agricultural Devmnt 250 - 499 Farming Service 700 Kipling St Lakewood Columbine Library-Jefferson 250 - 499 Library Research & Service 5843 W 25th Ave Denver Faith Bible Chapel 250 - 499 Churches 6210 Ward Rd Arvada Ici LLC 250 - 499 Dry Wall Contractors 6275 Simms St Arvada Lutheran Medical Ctr-Emergenc 250 - 499 Clinics 8300 W 38th Ave Wheat Ridge Sundyne 250 - 499 Pumps-Manufacturers 14845 W 64th Ave Arvada Walmart Garden Center 250 - 499 Garden Centers 9400 Ralston Rd Arvada Wanco Inc 250 - 499 Traffic Signs Signals & Equip-Whls 5870 Tennyson St Arvada Wheat Ridge Regional Ctr 250 - 499 Government Offices-State 10285 Ridge Rd Wheat Ridge OLDE TOWN ARVADA

Olde Town Arvada is located just eight miles northwest of Downtown Denver, now with a light rail stop on the G line. Olde Town is Arvada’s downtown district featuring a mix of historic charm and modern-day amenities.

This vibrant shopping district features more than 100 one-of-a-kind shops, boutiques, galleries, events, restaurants, breweries, and a winery. Olde Town is listed on the National Register of Historic Places.

Olde Town Arvada also hosts events that the entire family can enjoy. Annual events include a chocolate fair in February, ladies’ day in May, farmers markets June through September, Friday night movies in August, harvest and Halloween celebrations in October, and holiday festivals in December. -

Other events include:

Tartan Festival Easter Egg Hunt Blues & BBQ Festival Sustain Arvada Festival Harvest Festival CITY OF DENVER NOTABLE RANKINGS #2 BEST PLACES TO LIVE (U.S. NEWS & WORLD REPORT 2019)

#1 IN ECONOMIC 4th BEST PLACE IN TOP 10 PLACES & JOB GROWTH AMERICA FOR IN THE U.S. TO TRAVEL (AREA DEVELOPMENT, 2015) BUSINESS & CAREERS (LONELY PLANET, 2016) (FORBES, 2019)

#1 IN ECONOMIC 4TH BEST CITY 6TH FASTEST RANKING FOR BIKE RIDING (USNEWS.COM, 2019) GROWING METRO IN THE U.S. AREA IN THE U.S. (WALK SCORE, 2015) (FORBES, 2016)

3RD HEALTHIEST CITY IN THE NATION #1 IN THE NATION FOR (FORBES, 2016) LARGEST INCREASE IN RESIDENTS WITH COLLEGE DEGREES 7TH BEST STATE (U.S. CENSUS BUREAU, 2014) IN WHICH TO MAKE A LIVING 3RD BEST CITY FOR (FORBES, 2016) COLLEGE GRADS (RENT.COM, 2015) DENVER METRO

Located on the front range of the Rocky Mountains, the Denver Metro is a thriving urban epicenter famous for its breathtaking views, world-class dining, champion sports teams, exhilarating recreation, and eclectic arts and entertainment. It’s no wonder this metropolis is one of the biggest in the nation! ATTRACTIONS SPORTS

Denver Art Museum Basketball: Denver Nuggets Denver Museum of Nature and Science Hockey: Colorado Avalanche Denver Zoo Football: Denver Broncos Denver Aquarium Baseball: Colorado Rockies Six-Flags Elitch Gardens Soccer: Colorado Rapids Hyland Hills Water World Denver Aquarium DENVER GROWTH

Ranked as the top place to live in the U.S. by U.S. News & World Report, the city of Denver is home to over 705,439 residents (as of May 2019). An estimated 2.9 million people live in Denver Metro as a whole, with more people moving to the area each year, as this number is expected to grow by 12.6 percent over the next five years, compared to 3.7 percent nationally. Currently 100+ pe pleare immigrating to the city each day. The Denver Metro accounts for over half of the population in the entire state of Colorado, which is home to an estimated 5.5 million people.

CONSTRUCTION As one of the fastest-growing metros in the nation, Denver is thriving with new construction. This new construction will help accommodate the population growth throughout the metro. Some current projects include:

17th & Peal Apartments, a 315-unit apartment with 9,000 sq. ft. of retail.

Alexan 20th St Station, a 358-unit apartment with street level retail. Block 162, a full block project that included a 680,000 sq. ft. office tower and separate tower hotel.

Tabor Center Tower Two, a 33 story 700,000 sq. ft. office tower would be the largest development in Denver since 1985.

Market Station, Lodo, comprised of nearly a full block off the 16th St Mall in Downtown Denver, the development consists of 80,000 SF retail space, 95,000 SF office space & 225 apartments.

McGregor Square, Lodo, a project located across the street from Coors Field, it features 3 connected structures - an 11-story office building, a 13 story condominium and hotel buildings surrounding a center courtyard. Lower floors will feature retail tenants. EMPLOYERS IN THE DENVER METRO

The Denver metro is a hub for various industries, including aviation, health, business, finance, and technology. Outside of city, state, and school services, major employers in the Denver metro area include:

Denver International Airport Kaiser Permanente Lockheed Martin Liberty Tax Service Health ONE Corporation Western Union Centura Health University of Colorado SCL Health Systems Children’s Hospital Comcast Wells Fargo CenturyLink

In 2017, Amazon opened up a 1 million sq. ft. fulfillment center in Aurora, creating nearly 1,000 full-time jobs. Google is building a $131 million, four-acre, state-of-the art facility in Boulder, potentially bringing more jobs to the area.

Many companies choose to relocate to or expand in the Denver Metro, especially tech and startup companies.

Between 2007-2015, approximately 9,000 companies chose to relocate from California to Denver. These employers are attracted to the innovative culture, economic environment, exceptional talent, and deep sense of social responsibility that characterizes the Denver Metro. Forbes ranks Denver as #1 in the nation for business and careers, and Area Development ranks Denver as #1 in the nation for economic and job growth.

Denver metro is home to many fast-growing startups, with 113 local companies making the Inc. 5000 list of the nation’s fastest-growing private companies for the year 2017. LIGHT RAIL

The Regional Transportation District (RTD) operates 365 days a year to quickly connect travelers to their destination. As part of RTD, the 58-mile rail system features nine rail lines servicing 62 stations along the Denver metro’s North, East, Southeast, Southwest, and West rail corridors.

Popular destinations include:

Denver International Airport (DIA) Theatre District Convention Center Sports Authority Field at Mile High Pepsi Center 16th Street Mall Park Meadows Mall.

RTD’s rail system has transformed people’s commutes and the communities they live in. The 23-mile stretch from Downtown Denver to DIA is now just a 30-minute ride via light rail. The light rail is also attributed with revitalizing neighborhoods across the Denver metro, including Five Points and West Colfax. An average of 64,000 people utilize the light rail each day, making it eighth-largest system in the country, even though Denver is 21st in the nation in terms of population. DENVER INTERNATIONAL AIRPORT (DIA) Denver International Airport (DEN), also known as DIA, opened to the public on February 28, 1995 and at 34,000 acres, remains the largest and newest commercial airport in the United States, and the 2nd largest airport in the world by size and the 20th busiest airport in the world. It’s known around the world for its striking tented roof structure and technologically advanced operations. Over the past twenty years, DIA has established itself as the primary employer and economic driver in the Denver metro, supporting nearly 190,000 jobs and generating more than $26 billion in annual revenue. Served a record setting 64.5 Million passengers in 2018.

The airport serves over 170 destinations including 20 international cities in nine countries.

DIA is just 30 minutes from Union Station via the East Rail line. DIA has room to double its current capacity to remain competitive in the growing global aviation marketplace. DIA broke ground in May of 2018 on a $2.0 billion gate expansion project. The project will add 39 gates across all three concourses in the next four years, bringing the total to 150.

The expansion will utilize the airport’s original “telescoping” design by expanding astward and westward at the ends. The expansion is expected to be completed by the end of 2022.

DIA is among the first airports in North America to secure internationally recognized accreditation for measuring and reducing carbon emissions. CAPSTONE BROKERS 5551 ALLISON ST, 8150 RENO DR & 5480 BALSAM ST ARVADA, CO 80002

TRAVIS HODGE ANTHONY BOBAY Senior Advisor Investment Sales Advisor [email protected] [email protected] 404.259.8171 720.297.6667

TRINA BURTON Broker Associate Sierra Vista Realty, LLC [email protected] 720.209.9002 720.772.7171 CONFIDENTIALITY DISCLAIMER

Capstone Apartment Partners has been engaged as the exclusive listing Broker representative of the Owner for the sale of this property. No contact shall be made by any prospective purchaser or agents to the Owner, its executives, staff, personnel, tenants, or related parties.

This Investment Offering Memorandum is a confidential solicitation of interest, and the information provided herein is provided for the sole purpose of considering the purchase of the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property or to terminate discussions with any entity at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering Memorandum or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Purchase Agreement on terms acceptable to the Owner. By receipt of this Offering Memorandum, prospective purchaser will be deemed to have acknowledged the foregoing and agrees to release the Owner from any and all liability with respect hereto. The enclosed materials are being provided solely to facilitate the prospective purchaser’s own due diligence for which the purchaser shall be fully and solely responsible. All information contained herein is confidential in nature, and recipient agrees not to photocopy, duplicate, forward, distribute, or solicit third party interest without written permission and consent from Owner or Capstone Apartment Partners.

Neither Capstone Apartment Partners nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied upon as a promise or representation as to the future performance of the Property.

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