INVESTMENT SALE - LoopNet€¦ · Monaco Streets. OFFERING SUMMARY 6451-6471 E 49TH DR Sale Price:...
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TOM MYERS EXECUTIVE VICE PRESIDENT 303.512.1187 [email protected] JAKE COOK BROKER ASSOCIATE 303.512.1165 [email protected] UNIQUE PROPERTIES 400 S. BROADWAY DENVER, CO 80209 (p) 303.321.5888 (f ) 303.321.5889 WWW.UNIQUEPROP.COM 6451-6471 E 49th Dr | Commerce City, CO 80022 CONTACT: INVESTMENT SALE Industrial Warehouse
Transcript of INVESTMENT SALE - LoopNet€¦ · Monaco Streets. OFFERING SUMMARY 6451-6471 E 49TH DR Sale Price:...
TOM MYERSEXECUTIVE VICEPRESIDENT
303.512.1187
JAKE COOKBROKER ASSOCIATE
303.512.1165
UNIQUE PROPERTIES400 S. BROADWAY
DENVER, CO 80209(p) 303.321.5888(f ) 303.321.5889
WWW.UNIQUEPROP.COM
6451-6471 E 49th Dr | Commerce City, CO 80022
CONTACT:
INVESTMENT SALEIndustrial Warehouse
INVESTMENT SALE OPPORTUNITY | INDUSTRIAL
The information contained herein was obtained from sources believed reliable; however, Unique Properties makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation on this property issubmitted subject to errors, omission, changes of price, or conditions, prior to sale or lease, or withdrawal without notice.
UNIQUE PROPERTIES400 S. BROADWAY
DENVER, CO 80209(p) 303.321.5888(f ) 303.321.5889
WWW.UNIQUEPROP.COM
PROPERTY HIGHLIGHTS
• Three 5-Ton Bridge Cranes- 29' Under Hook
• Fenced, Paved Yard
• New Roof Sections in 2015 & 2018
• Oversized Drive-In Doors with Drive-Thru Capacity
• 480 Volt, 3 Phase Power & Multiple Welding Stations
• Radiant Heat
PROPERTY OVERVIEW
Rare industrial investment opportunity. The property is currently 100% leased to Danhydra, Inc. with approximately fiveyears remaining on its lease. The building sits on a 1.57 acre fenced lot, with ample space for truck parking and storage. Itfeatures 3,500 SF of office space, high ceilings, seven drive-in doors, and three bridge cranes.
6451-6471 E 49th Avenue is conveniently located in Commerce City, easily accessible from I-270 and I-70 at Quebec orMonaco Streets.
OFFERING SUMMARY
6451-6471 E 49TH DR
Sale Price: $3,750,000
NOI: $267,090 (Year 1)
Cap Rate: 7.12%
Building Size: 34,025 SF
Office: 3,500 SF+/-
Lot Size: 1.57 Acres
Drive In Doors: 7
Ceiling Height: 14' - 35'
Year Built: 1970
Renovated: 2016
Zoning: I-1S
Parking: 34
Originally founded as Struer Shipyard in Denmark in 1886, Danhyrdra A/S, along with itssubsidiaries, has grown to become one of the world’s leading providers of tools and tool servicesfor the wind power industry. Today its core business includes the engineering and manufacture oftooling solutions, storage and distribution of critical tooling requirements, as well as service andrepair. Their customers include the top three wind turbine manufacturers globally in Vestas,Siemens/Gamesa, and GE. Danhydra also supplies goods and services to wind installationcontractors such as Mortenson Construction and Blattner Energy, as well as independent turbinesuppliers, and independent wind farm owners throughout the world. The company is privatelyowned, and demonstrating solid growth. It is fully ISO certified. You may visit its website atwww.danhydra.com.
Danhydra moved into its new headquarters in Herning, Denmark in 2017. That facility, with45,000 sf, houses office, engineering, manufacturing and warehouse functions. A secondEuropean facility is located in Grimma, Germany, and is comprised of two buildings totaling130,000 sf. Together the European facilities serve markets in Europe, Asia, Africa and the MiddleEast, and Australia. Danhydra’s US facility, located in Denver, Colorado, serves the Americas. Thatfacility is ideally located on the I-70 industrial corridor between downtown and DenverInternational Airport. Renovated in 2016, the property features over 34,000 sf of production andservice area, as well as outside storage. The facility has ample room for expanded operations forthe foreseeable future.
The information contained herein was obtained from sources believed reliable; however, Unique Properties makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation on this property issubmitted subject to errors, omission, changes of price, or conditions, prior to sale or lease, or withdrawal without notice.
TENANT PROFILE
PROPERTY INFORMATIONPROPERTY ADDRESS: 6451-6471 E 49th Dr YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5
Commerce City, CO 80022 NET OPERATING INCOME: $267,090 $275,610 $284,970 $293,460 $301,974
TENANT: Danhydra, Inc. DEBT SERVICE: $189,266 $189,266 $189,266 $189,266 $189,266
PROPERTY SIZE: 34,025 SF CASH FLOW $77,824 $86,344 $95,704 $104,194 $112,708
ANALYSIS INFORMATION CAP RATE: 7.12% 7.35% 7.60% 7.83% 8.05%
ANALYSIS START: August 2018 CASH ON CASH: 8.30% 9.21% 10.21% 11.11% 12.02%
ANALYSIS END: July 2023
ANALYSIS PERIOD: 5 Years
PROPOSED FINANCING*DOWN PAYMENT: $937,500
LOAN AMOUNT: $2,812,500
LTV%: 75%
TERM: 15 Years, adjustable every five years
INTEREST: 4.625%
AMORTIZATION: 25 Years
DEBT SERVICE: $15,772.22/Month
*Based on typical financing terms available 3rd Quarter 2018. Proposed financing is based on strength and liquidity of the borrower. Rates are subject to change.
**Assumes sample proposed financing terms for years 1-5.
The information contained herein has been obtained by sources that have been deemed reliable. While we have no doubts about the accuracy of information, we do not accept responsibility for the
accuracy and completeness contained contained herein.
CASH FLOW SUMMARY**
The information contained herein was obtained from sources believed reliable; however, Unique Properties makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation on this property issubmitted subject to errors, omission, changes of price, or conditions, prior to sale or lease, or withdrawal without notice.
FINANCIAL OVERVIEW
PROPERTY NAME CITY PRICE BUILDING SF PRICE/SF CAP SITE SIZE (AC) YEAR BUILT CLOSE DATE
6451-6471 E 49TH DR Commerce City $3,750,000 34,025 SF $110.21 7.12% 1.57 1970 -
1 5260 E. 39TH AVE Denver $1,330,000 10,000 SF $133.00 - 0.7 1958 November 2017
2 5055 E 48TH AVE Denver $4,850,000 43,000 SF $112.79 6.4% 2.7 1997 November 2017
3 7167 E 53RD PL Commerce City $2,360,000 17,080 SF $138.17 - 1.8 1970 May 2017
4 5640 E 77TH AVE Commerce City $1,410,000 11,757 SF $119.93 - 1.1 1978 February 2018
5 8451 BRIGHTON RD Commerce City $1,900,000 13,600 SF $139.71 - 0.9 1968 January 2018
6 6121 CLERMONT ST Commerce City $1,995,000 18,720 SF $106.57 - 1.3 1958 February 2018
7 5150 FOX ST Denver $2,600,000 23,100 SF $112.55 6.1% 1.5 1979 May 2018
8 4425 GRAPE ST Denver $2,150,000 18,060 SF $119.05 - 0.8 1966 August 2017
9 6701 STAPLETON DR N Denver $3,850,000 28,692 SF $134.18 - 1.7 1963 March 2018
10 6580 VINE CT Adams County $1,350,000 10,000 SF $135.00 - 0.6 1970 March 2018
AVERAGES - $2,379,500 19,401 SF $125.10 6.25% 1.31 1971 -
1 2 3 4 5
6 7 8 9 10
The information contained herein was obtained from sources believed reliable; however, Unique Properties makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation on this property issubmitted subject to errors, omission, changes of price, or conditions, prior to sale or lease, or withdrawal without notice.
SALE COMPS
The information contained herein was obtained from sources believed reliable; however, Unique Properties makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation on this property issubmitted subject to errors, omission, changes of price, or conditions, prior to sale or lease, or withdrawal without notice.
PROPERTY AERIAL
* Demographic data derived from 2010 US Census
About Commerce CityAs one of the state’s fastest growing communities,Commerce City is redefining itself for the next generation,building on historic values of community, industry,agriculture and family. Centrally located along Colorado’sbustling Front Range, Commerce City is a quality communityfor a lifetime.
It’s a safe, diverse and welcoming community with 25 milesof trails, a championship golf course, 840 acres of openspace and parks, 1,300 thriving businesses, one of thecountry’s largest soccer complexes and the nation’s largesturban wildlife refuge. Currently, 1,300 companies rangingfrom international and national headquarters to smallbusinesses and entrepreneurs call Commerce City home.
1 MILE 3 MILES 5 MILES
Total households 2,349 24,141 89,080
Total persons per hh 3.1 2.9 2.5
Average hh income $41,414 $71,067 $69,915
Average house value $155,119 $269,244 $368,218
1 MILE 3 MILES 5 MILES
Total population 7,209 69,230 226,958
Median age 32.4 33.3 32.7
Median age (male) 32.0 33.0 32.8
Median age (female) 32.3 33.5 32.6
The information contained herein was obtained from sources believed reliable; however, Unique Properties makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation on this property issubmitted subject to errors, omission, changes of price, or conditions, prior to sale or lease, or withdrawal without notice.
AREA DEMOGRAPHICS
The information contained herein was obtained from sources believed reliable; however, Unique Properties makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation on this property issubmitted subject to errors, omission, changes of price, or conditions, prior to sale or lease, or withdrawal without notice.
The information contained herein was obtained from sources believed reliable; however, Unique Properties makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation on this property issubmitted subject to errors, omission, changes of price, or conditions, prior to sale or lease, or withdrawal without notice.
The information contained herein was obtained from sources believed reliable; however, Unique Properties makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation on this property issubmitted subject to errors, omission, changes of price, or conditions, prior to sale or lease, or withdrawal without notice.
The information contained herein was obtained from sources believed reliable; however, Unique Properties makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation on this property issubmitted subject to errors, omission, changes of price, or conditions, prior to sale or lease, or withdrawal without notice.
The information contained herein was obtained from sources believedreliable; however, Unique Properties makes no guarantees, warranties orrepresentations as to the completeness or accuracy thereof. The presentationon this property is submitted subject to errors, omission, changes of price, orconditions, prior to sale or lease, or withdrawal without notice.
WWW.UNIQUEPROP.COM
EXECUTIVE VICE PRESIDENT
TOM MYERS
BROKER ASSOCIATE
JAKE COOK
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