The New Epicenter of Industrial Commerce
THE NEW EPICENTER OF INDUSTRIAL COMMERCE
±4.4 MSF PLANNED ±350 ACRES
Q3 2019 BREAKING GROUND
Q2 2020 DELIVERY
CUSTOMIZABLE FLOOR PLANS
BUILD-TO-SUITS AVAILABLE
20500 EAST COLFAX AVENUE AURORA, COLORADO 80018
FOR MORE INFORMATION, PLEASE CONTACT
Alec Rhodes, sior Aaron Valdez Tyler Smith, ccim, sior Managing Director Certified Supply Chain Professional Managing Director +1 303 312 4282 +1 303 819 7333 +1 303 312 4296 [email protected] [email protected] [email protected]
staffordlogisticscenter.com 20500 East Colfax Avenue Aurora, Colorado 80018
DOWNTOWN DENVER 30 MINUTES TO DOWNTOWN
INTERSTATE 225
UNDER CONSTRUCTION | DELIVERY Q2 2020
6TH AVE. REALIGNMENT
BLDG. 4 BLDG. 1 BLDG. 1 E. COLFAX AVE. BLDG. 10 INTERSTATE INTERS70TATE BLDG. 6 BLDG. 2 70 BLDG. 7 BLDG. 3 BLDG. 8 MIXED BLDG. 9 COMMERCIAL S. PICADILLY RD.
W. 6TH AVE.
Under Construction 15 MINUTES TO DEN
Stafford Logistics Center is one of the most prolific business parks to be brought to the market in the last decade. Located at the confluence of I-70, E-470, E. Colfax Avenue and Picadilly Road, this property measures approximately 4.4 million square feet on ±350 acres. With visibility from both interstates, the property offers superior transportation access compared to any other major business park in the area. In the future, this property is slated to benefit from a new interchange at I-70 and Picadilly on the east edge and realignment of 6th Avenue on the south edge of the property. New construction of both residential and commercial developments adjacent to the site will bring further identity, labor and amenities to the area. NorthPoint Development is planning to deliver building 1 in Q2 2020. The remainder of the park can be redesigned to accommodate current build-to-suit requirements in the marketplace. We have maximum flexibility, so please call the brokers to discuss.
PROJECT DETAILS HIGHLIGHTS Site Size ±4.4 Million Square Feet Planned • Iconic ±4.4 Million SF business park planned ±350 Acres • 45,000 LB dock levelers, seals at each dock City / County Aurora / Arapahoe County position Zoning M-1, B-3 • Provide 80/20 make up air units in lieu of unit heaters for warehouse heat • LED warehouse lighting to 30 foot-candles average throughout • Immediate access to I-70/E-470 • Strong workforce demographics • Rapidly growing neighborhood 20500 East Colfax Avenue Aurora, Colorado 80018
INTERSTATE 70
Colfax Avenue I-70 Frontage Road
1 2 3
BLDG. 1 BLDG. 2 BLDG. 3 598,500 SF 598,500 SF 325,500 SF
570’ 570’ 310’
Aurora 5 6 7 8 S. Picadilly Road Sports BLDG. 4 BLDG. 5 BLDG. 6 BLDG. 7 BLDG. 8 470’ 4 658,000 SF Complex 446,000 SF 239,000 SF 239,000 SF 226,000 SF 1,400’ 570’ 310’ 310’ 310’
Public Road
9 Private Road BLDG. 9 1,096,000 SF Park Entry
Road Intersections
Under Construction
6th Avenue
N
Building # Building SF Building # Building SF = Under Construction 1 598,500 SF 6 239,000 SF 2 598,500 SF 7 239,000 SF 3 325,500 SF 8 226,000 SF 4 658,000 SF 9 1,096,000 SF 5 446,000 SF 20500 East Colfax Avenue Aurora, Colorado 80018
BUILDING 1 UNDER CONSTRUCTION - Q2 2020 DELIVERY
Building SF 598,500 SF E. COLFAX AVENUE P R O Quoted Lease Rate Negotiable JE C 2019 Est. Expenses $2.38/SF
CAR T STALLS
*Base TI Package Negotiable 198 P A
Parking Spaces ±368. Could accommodate C
up to 1:1,000 SF if required DRIVE-IN DRIVE-IN K A
by specific tenant 29 DOCK POSITIONS | 24 FUTURE DOCK POSITIONS G 29 DOCK POSITIONS | 24 FUTURE DOCK POSITIONS Trailer Spaces ±136 E
Dock-High Loading 58 Dock-high doors Site Development Plan 48 Future docks
Drive-In Loading 4 Drive-in doors/ramps
Est. Completion Date Beneficial occupancy Q2 2020 1 0
Design Cross dock 5 2
BUILDING 1 ’
68 - 68
TRAILER 0 TRAILER Clear Height 36’ STALLS 598,500 SF ” STALLS Walls R-11 stick pin
Building Dimensions 1,050’ Long x 570’ deep
Sprinklers ESFR 5
50’ x 50’ Interior spacing w/ 2
Column Spacing ’
60’-0” 50’-0” - 50’-0” 60’-0” 0 ” 50’ x 60’ Speed bays . . . 190’-0” 570’-0” 190’-0” Truck Court Total depth of 190’ from dock to back of trailer park (140’ truck court + 50’ trailer DRIVE-IN DRIVE-IN park stall)
CAR 170 STALLS Project Package Dimensions Project Package Are a SITE DEVELOPMENT PLAN T Future Docks Car Parking railer Parking Drive Ins Docks A U RO R ± 368 stalls ± 136 stalls 570’ ± 48 docks ± 58 docks A : C ± 598,500 sf 4 ramp x 1052’ O L O R A D O 20500 East Colfax Avenue Aurora, Colorado 80018
TRUCK ROUTES
INTERSTATE 70
E. Colfax Avenue I-70 Frontage Road
Aurora Sports Complex
E. 6th Avenue 6th Avenue Realignment S. Picadilly Road
N
From the site to travel East on I-70 From the site to travel West on I-70 or Business 70 (E. Colfax Avenue From the site to travel South on E-470 (toll road) From the site to travel North on E-470 (toll road) I-70 Traveling East to the site Business 70 (E. Colfax Avenue) Traveling East to the site E-470 (toll road) Traveling South to the site E-470 (toll road) Traveling North to the site I-70 Traveling West to the site 20500 East Colfax Avenue Aurora, Colorado 80018
LABOR & INCENTIVES
Labor Market Advantages TARGETED DEMOGRAPHIC CONCENTRATION WITHIN 25-MINUTE DRIVE-TIME • Optimal site positioning that provides immediate access to 125,000 individuals within the targeted warehouse worker labor pool;
• Targeted labor supply exceeds demand to support up to an additional 3,000 warehouse workers;
• Above average projected population growth (6.2% to 7.7%) over the next five years; and
• Large part-time college student enrollment (56,305) to help supplement seasonal/part-time shift requirements
Selected Labor Market Statistics (2018)
Targeted 5 Year Projected 5 yr. Projected % Part Time Drive Time Total % Within 5 Miles Demographic Population Population Growth College (Minutes) Population of Site Labor Pool Growth (Total) (Ages 18-34) Enrollment
20 Min. 537,948 26.2% 66,384 7.7% 4.0% 8,238 (56%)
25 Min. 910,832 15% 84,328 7.3% 3.4% 16,476 (58%)
30 Min. 1,494,035 9.4% 125,335 6.2% 1.1% 56,305 (49%)
U.S. Average N/A N/A N/A 4.0% 2.0% N/A
*Targeted warehouse worker labor pool demographic represents the civilian adult population (ages 16+) with demographic characteristics best aligned with distribution center operation workforce requirement (i.e., lower income, blue collar, high school educated). $13.40/Hr. Data Sources: U.S. Census Bureau, National Labor Relations Board, Economic Research Institute, Experian and NorthPoint Development methodology FULFILLMENT SPECIALIST $15.41/Hr. FORKLIFT OPERATOR
Estimated Starting Wages, Q1 2019 (City of Aurora) 20500 East Colfax Avenue Aurora, Colorado 80018
CITYCITY OF AURORAAURORA
PHYSICAL FEATURES** POPULATION 400,000 374,154 CITY AREA • 159.52 square miles (2nd Largestst in CO) 350,000 325,078 300,000 OFFICIAL CITY ELEVATION • 5,435 feet 276,393 250,000 HIGHEST ELEVATION • 6,229 feet 222,103 200,000 1/4 mi. north of Inspiration Drive & Antetelopel Trail 158,588 150,000 LOWEST ELEVATION • 5,285 feet 100,000 74,974 Sand Creek Waste Water Reclamatitiono Facility 50,000 48,548 11,421 LATITUDE • 39° 41’ 45” N (39.9.695833°)6 , 202 679 983 2,295 3,437
LONGITUDE • 104° 48’ 29”” W (-104.808056°) 1900 1920 1940 1960 1980 2000 2020
Poopulation • 374,154** | 54th largest city in U.S. | Median age • 34.5
CITY GOVERNMENT** Council City Manager form of government HOUSING AND INNCCOME 11 Elected Council Members Average Household Size • 2.65 Number of Dwelling Units • 142,326 1 • Mayor 6 • Council Ward Reps Housing Tenure Owner • 55.8.8% Renter • 39.7% Vacant • 4.5% 4 • At-Large Members Type of Housing Single Fammily Detached Dwellings • 51.9%* Municipal Parks • 97 Municipal Golf Courses • 5 Single Family Attached & Duplex Dwellings • 11.8%* Public Libraries • 6 Muulti-Family Dwellings • 34.4%* MMobile Homes/Group Homes • 1.8%*
Median Home Value $236,568 Median Moonthly Gross Rent $1,024* Median HouseholdH Income $57,905* ECONOMY Medianan Per Capita Income $28,179 Poveverty Status 15.3%* • Employed Persons Living in Aurora age 16+ 193,307 • People Working in Aurora 109,298*** (Not including sole proprietorship, 2018) TRANSPORRTATION TO WORK • Census Unemployment Rate 16+ years old 8.7%* • CDLE Aurora Unemployment Rate 3.2%*** Auto 76.6%* Drive alone Walk 1.5%* Work at Home 3.7%*
Carpool 11.1%* Bike 0.3%* Other means 1.2%* INDUSTRY BREAKDOWN BY % Public Transit 5.9%*
Education/Health Care/Social Services 19.3%
13.6%
Arts/Entertainment/Rec/Food Services 11.7%
Retail Trade 10.9%
Construction 9.8% CLICK HERE TO DOWNLOAD Finance/Insurance/Real Estate 7.3% AURORA FACT SHEET, 2018 Transportation/Utilities 7.0%
Other Services 5.4%
Manufacturing 5.1%
Public Administration 4.2%
Wholesale/Trade 2.7%
Information 2.6%
Agriculture/Mining 0.6% 0% 10% 20%
PLANNING & DEVELOPMENT SERVICES | DATA SERVICES 15151 E. Alameda Parkway, Aurora, CO 80012 Source: U.S. Census Bureau, Census 2010 SF 1. Esri forecasts for 2018 and 2023 Esri-converted Census 2000 data into 2010 geography. Other sources noted as below: * American Community Survey 2012-2016 5-Year Estimates ** Planning & Development Services, Public Works, Parks Recreation & Open Space *** State of Colorado, Department of Labor and Employment June 2018
Prepared August 2018 20500 East Colfax Avenue Aurora, Colorado 80018
Drive Time Info Destination Time/Miles Denver International Airport (DEN) 14 Minutes I-25/I-70 Intersection 20 Minutes Denver Downtown Denver 25 Miles International Airport E-470 1 Minute
I-70 West / I-70 East 1 Minute / 3 Minutes I-225 6 Minutes Peña Blvd. Peña E. 56th Ave.
Montbello Tower Rd. Tower Havana St. Havana St. Peoria Chambers Rd.
Downtown Denver
INTERSTATE 70
INTERSTATE 225
E. Colfax Ave.
Airport Blvd. Aurora Sports Complex N 6th Avenue Realignment
NORTHPOINT FOR MORE INFORMATION, PLEASE CONTACT A private real estate investment firm focused on outstanding risk adjusted returns through acquiring, developing and operating industrial properties on a national platform. The firm was founded in 2012 and has developed more 65 million Alec Rhodes, sior Managing Director square feet for tenants such as Chewy.com, Home Depot, Amazon, UPS, +1 303 312 4282 Dollar General, Lowes, GE, Adidas, Staples, Ford and General Motors, etc. [email protected]
Aaron Valdez Certified Supply Chain Professional +1 303 819 7333 [email protected]
Tyler Smith, ccim, sior Managing Director +1 303 312 4296 © 2019 Cushman and Wakefield. All rights reserved. The information contained in this communication is strictly [email protected] confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROP- ERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR 1401 Lawrence Street, Suite 1100 | Denver, Colorado 80202 FUTURE PROPERTY PERFORMANCE. phone +1 303 292 3700 | fax +1 303 534 8270 | cushmanwakefield.com