Nativ Hotel & Lounge

NATIV HOTEL & LOUNGE DOWNTOWN DENVER 1612 WAZEE STREET DENVER, CO 80202 OFFERING MEMORANDUM CONTACT BROKERS

DREW ISAAC SKYLER COOPER Senior Vice President Investments First Vice President Investments 303-328-2048 303-328-2050 [email protected] [email protected] CPV DOWNTOWN PROSPECT FIVE POINTS DENVER THE SUBJECT HIGHLANDS PROPERTY (LOHI) UNION STATION RIVERFRONT A BEAUX ARTS-STYLE TRANSPORT HUB WITH RESTAURANTS, SHOPS, NORTH HOME TO THE SUMMER CONCERTS, AND DENVER BRONCOS WEEKLY FARMER’S MARKETS CAPACITY: 76,125 BALLPARK

ARAPAHOE HOME TO THE LODO COLORADO ROCKIES SQUARE CAPACITY: 50,398

CITY PARK THE LODO DISTRICT OF DOWNTOWN DEN- CENTRAL VER IS KNOWN FOR ITS TRENDY SHOPPING RIVER MILE AND DINING SCENE. LODO IS ALSO HOME BUSINESS DISTRICT TO THE CRAWFORD HOTEL AND UNION 1.5 MILES STATION, DENVER’S HUB FOR TRANSPOR- TATION. UNION STATION OFFERS TRANS-

PORTATION TO MAJOR DENVER METRO

BROADWAY BROADWAY SPEER BLVD CITIES AS WELL AS DENVER INTERNATIONAL AURARIA AIRPORT. CAMPUS CULTURAL DENVER CENTRAL BUSINESS DISTRICT IS LOCATED WITHIN THE COMMERCIAL CORE. CITY PARK AURARIA PARKWAY CORE THERE IS OVER 23,000,000 SQUARE FEET OF OFFICE SPACE BETWEEN THE 34 BUILDINGS WITH OVER 130,000 WORKING PROFESSIONALS. COLFAX AVE. COLFAX AVE

CIVIC CENTER KALAMATH ST CHEESMAN PARK

ENROLLMENT: 15,000+ COLORADO CONGRESS PARK CONVENTION COLORADO CENTER STATE CAPITOL CAPITOL HILL HOME TO THE GOLDEN DENVER NUGGETS, TRIANGLE COLORADO AVALANCHE, & KNOWN FOR BEING A GREAT CONCERT VENUE CAPACITY: 17,809-21,000 ENROLLMENT: 20,000+ SANTA FE COLORADO BLVD ARTS DISTRICT 8TH AVE CONGRESS PARK ENROLLMENT: 9,000+ 6TH AVE WEST HIGH SCHOOL 7TH & KALAMATH ST (158,400 VPD) 6TH AVE & I-25 (34,118 VPD) 6 (240,725 VPD) UNIVERSITY BLVD DENVER COUNTRY CLUB COUNTRY CLUB SANTA FE DR CHERRY CREEK PRIMARY CORRIDOR CONNECTING DOWNTOWN NEIGHBORHOOD DENVER TO THE WESTERN SUBURBS. SPEER BLVD (25,939 VPD) BROADWAY DOWNTOWN DENVER

ONE OF THREE LEVEL 1 1 MILE TRAUMA CENTERS IN COLORADO PRIMARY CORRIDOR FOUNDED IN 1860 CONNECTING DOWNTOWN 525 BEDS DENVER TO THE SOUTHERN SUBURBS. WASH PARK 1.1 million square foot shopping center with approximately 160 shops & services.

DENVER, COLORADO IS THE CAPITAL AND MOST POPULOUS ALAMEDA AVE CITY IN THE STATE OF COLORADO WITH A POPULATION OF OVER 2,893,000. DOWNTOWN DENVER PROVIDES EASY ACCESS TO BAKER MANY SUB-CITIES AND THE ROCKY MOUNTAINS. THE CITY IS ATTRACTING MANY NEW YOUNG ENTREPRENEURS AND BUSI- WASHINGTON PARK NESS PEOPLE. IN 2017, DENVER WAS NAMED NUMBER ONE ON THE FASTEST-GROWING METROPOLITAN AREAS WHICH HAS AT- TRACTED $670 MILLION IN VENTURE CAPITAL FROM 2010-2016. SANTA FE DR & I-25 (78,996 VPD) 17TH STREET PPLAZA 755,793 SF OFFICE BUILDING

16TH STREET MALL ONE-MILE SHOPPING MALL LOCATED IN DOWNTOWN DENVER FEATURES 42 CAFE’S AND A MASS AMOUNT OF RETAIL, INCLUDING THE DENVER PAVILLIONS: 12 MOVIE THEATRES AND MORE THAN TWO DOZEN SHOPS AND RESTAURANTS. ALAMO PLAZA 216,830 SF OFFICE BUILDING

REGIONAL TRANSPORTATION MARKET STATION DISTRICT DEVELOPMENT MARKET SQUARE 85,000 SF RETAIL, 90,000 SF CONDOS OFFICE, & 225 APARTMENTS 27 UNITS

JP PLAZA 62,825 SF OFFICE BUILDING

DAVIS GRAHAM & STUBBS LLP, FORTIS PRIVATE BANK & AVELINA SUGAR CUBE 96,729 SF COMMERCIAL &OFFICE BUILDING SUBJECT PROPERTY

16TH STREET MALL

WAZEE ST RINO ART DISTRICT TRENDY RIVER NORTH ART DISTRICT FEATURES CONTEMPORARY ART GALLERIES AND HIP CONCERT VENUES IN REVAMPED INDUSTRIAL BUILDINGS. FOOD HALLS INCLUDE DENVER CENTRAL MARKET AND THE SOURCE, A BUZZY INDOOR VENUE WITH ECLECTIC PRODUCTS AND A BAR FOR SMALL PLATES AND CRAFT BEER. KNOWN FOR ITS COLORFUL MURALS, HOME TO THE UPPER LARIMER STREET ALSO HAS COCKTAIL COLORADO ROCKIES LOUNGES, BREWPUBS WITH PATIOS AND LATE-NIGHT FOOD TRUCKS CAPACITY: 50,398

THE COLORADAN PARK AVE CONDOMINIUMS

20TH ST

IMA FINANCIAL PLAZA UNION STATION 109,530 SF A BEAUX ARTS-STYLE OFFICE BUILDING TRANSPORT HUB WITH RESTAURANTS, SHOPS, SUMMER CONCERTS, AND WEEKLY FARMER’S MARKETS

SUBJECT PROPERTY 17TH ST

PLATFORM AT WYNKOOP ST UNION STATION WAZEE ST 287 UNITS

16TH STREET ONE UNION STATION 112,889 SF MALL COMMERCIAL &OFFICE BUILDING

THE TRIANGLE BUILDING 218,176 SF OFFICE BUILDING PROPERTY INVESTMENT SUMMARY HIGHLIGHTS

Price CORE DOWNTOWN DENVER REAL ESTATE INVESTMENT Marcus & Millichap is pleased to exclusively market for sale 1612 Wazee Street, a four-story Unpriced (Open Bid) 16,800 square foot building located in the heart of Lower Downtown (LODO) Denver. The offering is a rare opportunity to acquire urban high street real estate in an irreplaceable location. Number of Rooms 18 TURN-KEY HOTEL OR REDEVELOPMENT The property is currently occupied by Nativ Hotel & Lounge which operates a boutique hotel, restaurant, and nightclub. The 2nd, 3rd, and 4th floor consist of 18 hotel rooms ranging from Stories 225 square feet to 1,000 square feet. The 1st floor hosts the hotel lobby and a 1,500 square feet 3 restaurant space. The basement includes a fully built out nightclub and lounge which includes a full kitchen. The property will be delivered free & clear of any lease, providing the purchaser a Building Size turn-key hotel or the ability redevelop to a wide variety of uses. Hotel/Bar financials are available 16,800 SF upon request. HIGH PROFILE LODO LOCATION Lot Size The site is prominently located just off the 16th Street Mall, a mile-long tree-lined pedestrian 0.35 AC and transit promenade of shops, restaurants, hotels, and attractions that runs through the center of downtown. Steady daytime foot traffic is provided by surrounding offices, retail, and Year Built/Renovated residences. All of downtown’s major destinations are within walking distance including Union Station (2 blocks) Ball Arena (3 blocks), Coors Field (4 blocks), Denver Center for Performing 1895/2015 Arts (7 blocks) and Colorado Convention Center (8 blocks).

Construction Masonry

Zoning Lower Downtown District (D-LD)

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify and bears all risk for any inaccuracies. Any projection, opinions, assumptions, or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Incorporated © 2021 Marcus & Millichap. ENROLLMENT - 23,000+ COLORADO CONVENTION CENTER THE COLORADO CONVENTION CENTER IS A MULTI-PURPOSE CONVENTION CENTER LOCATED IN HOME TO THE DOWNTOWN DENVER, COLORADO. AT 2,200,000 DENVER NUGGETS, SQUARE FEET IT IS CURRENTLY THE 12TH LARGEST ENROLLMENT - COLORADO AVALANCHE, CONVENTION CENTER IN THE UNITED STATES. IT 18,000+ & KNOWN FOR BEING A OPENED IN JUNE 1990; THE FIRST EVENT BEING THE GREAT CONCERT VENUE NBA DRAFT FOR THE DENVER NUGGETS. COLFAX AVE CAPACITY: 17,809-21,000

AURARIA PKWY

SPEER BLVD

SUBJECT PROPERTY

16TH ST WAZEE ST

WYNKOOP ST

17TH ST

INTERIOR PHOTOS LOUNGE INTERIOR PHOTOS RESTAURANT INTERIOR PHOTOS HOTEL ROOMS FLOOR PLANS INTERIOR

LOBBY/FIRST FLOOR SECOND FLOOR

THIRD FLOOR LOUNGE/BASEMENT LOCATION HIGHLIGHTS

Denver, Colorado has put a strong emphasis on the expansion and revitalization Denver, CO Population of itself as a major metropolitan area over the past few years. Redevelopment of 715,000 (2019) landmark buildings and historic districts, along with modern light rail transportation within the city and surrounding suburban areas, has attracted major business, Metro Population retail anchors, and higher-end residential developers as the region becomes more well-connected. As Denver’s population growth and consumer spending outpace 2,790,000 (2019) national levels, investors and retailers target Denver and its attractive business climate for future opportunities. Robust employment growth, particularity among Demographics: Population degreed positions in the healthcare and IT industries, lured many new inhabitants to the Mile High City. The influx of residents obtaining high-wage jobs helped push 1 MILE 3 MILES 5 MILES

the median household income over $75,000. Denver is nestled in the foothills of 2020 Population Estimate 19,876 255,080 551,798 the Rocky Mountains and is the capitol and most populous city in the state. With 2025 Projection 22,062 280,566 592,389 a population exceeding 715,000 people, Denver ranks as the 18th most populous Growth 2020 - 2025 10.99% 9.99% 7.36% city in the United States and is also one of the fastest growing cities in the United States as well. The population of residents living in Downtown Denver has more than tripled since 2000, with an increase of 13% last year alone. Denver offers many attractions that have drawn people into the area including Downtown, Coors Field, Ball Arena, Empower Field at Mile High, and Union Station.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of 401,656 $103,272 34 the information. References to square footage or age are approximate. Buyer must verify and bears all risk for any inaccuracies. Any projection, opinions, assump- Daytime Population Average Household Income Median Age tions, or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real (3-Mile Radius) (3-Mile Radius) (3-Mile Radius) Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Incorporated © 2021 Marcus & Millichap. THE MALL EXPERIENCE 16TH ST MALL DOWNTOWN DENVER HIGHLIGHTS

16th Street Mall has been the most visited destination in Denver for more than 30 16th Street Mall is the number one most years. One of the most popular attractions on the street is the MallRide, transporting popular shopping and entertainment over 14,000,000 people annually. The MallRide experience is an easy way for patrons destination for visitors to Metro Denver. to hop on and off the bus to visit all of the attractions 16th Street Mall has to offer. In fact, 16th Street Mall includes 189 retailers and restaurants, 44 sidewalk cafes, 21 cart and kiosk vendors, 1,402 hotel rooms, 1,241 residential units, and 5,000,000 Annual Visitors square feet of office space. Every year, the Downtown Denver Business Improvement District spends over $3,000,000 to upkeep the mall’s maintenance, safety, and 12,000,000+ amenities. As one of Denver’s most vital connectors and important public spaces, the 16th Street Mall is visited by more than one million people per month. Mall Length Source: https://www.downtowndenver.com/ 1.2 Miles

SUBJECT PROPERTY

16TH ST MALL

Photo by Josh Berendes

CONFIDENTIALITY & DISCLAIMER NOTICE

NON-DISCLOSURE NOTICE NET LEASE DISCLAIMER The information contained in the following marketing package is proprietary and strictly confidential. It Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows: is intended to be reviewed by only the party receiving it from Marcus & Millichap Real Estate Investment Services and should not be made available to any other person or entity without the written consent The information contained in this marketing package has been obtained from sources we believe to be of Marcus & Millichap. This marketing package has been prepared to provide summary, unverified reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & information to prospective purchasers, and to establish only a preliminary level of interest in the subject Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, property. The information contained herein is not a substitute for a thorough due diligence investigation. warranty, or representation whatsoever about the accuracy or completeness of any information provided. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy of the property, the size and square footage of the property and improvements, the presence or absence and completeness of all material information before completing any purchase. This marketing package of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus the physical condition of the improvements thereon, or the financial condition or business prospects of & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The Buyer. information contained in this marketing package has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained Any projections, opinions, assumptions, or estimates used in this marketing package are for example only herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes and do not represent the current or future performance of this property. The value of a net leased property no warranty or representation whatsoever regarding the accuracy or completeness of the information to you depends on factors that should be evaluated by you and your tax, financial, and legal advisors. provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the NON-ENDORSEMENT NOTICE property for your needs. Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & financial advisors must request and carefully review all legal and financial documents related to the Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & property and tenant. While the tenant’s past performance at this or other locations is an important Millichap, and is solely included for the purpose of providing tenant lessee information about this listing consideration, it is not a guarantee for future success. Similarly, the lease rate for some properties, to prospective customers. including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are DO NOT CONTACT TENANT not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail All property showings are by appointment with the listing broker or landlord only. Under no circumstances, to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to should any prospective purchaser or related entity contact the tenant or any of the employees at these market, economic, environmental, or other conditions. Regardless of tenant history and lease guarantees, stores. Recipients of this marketing package acknowledge that such contact may damage the tenant’s Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value operation which would impair the financial results. Landlord reserves the right to seek legal redress for any of the property and the value of any long-term lease, including the likelihood of locating a replacement damage that may occur from such interference with landlord’s relationship with tenant. tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and SPECIAL COVID-19 NOTICE Buyer’s legal ability to make alternate use of the property. All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially By accepting this marketing package, you agree to release Marcus & Millichap Real Estate Investment given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective investigation and/or purchase of this net leased property. purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.