Two Decades of Industrial Development Denver/Aurora, CO · MAJESTIC REALTY CO. Majestic...

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Two Decades of Industrial Development Denver/Aurora, CO Presented by: Randall C. Hertel Executive Vice President Majestic Realty Co.

Transcript of Two Decades of Industrial Development Denver/Aurora, CO · MAJESTIC REALTY CO. Majestic...

Page 1: Two Decades of Industrial Development Denver/Aurora, CO · MAJESTIC REALTY CO. Majestic Commercenter Aurora, Colorado VICINITY MAP Boulder Golden 1-70 Not to Scale Fort Collins E-470

Two Decades of Industrial Development

Denver/Aurora, CO

Presented by: Randall C. Hertel

Executive Vice President

Majestic Realty Co.

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Majestic Realty Co.Portfolio by Region

STATE SQ. FT.

SOUTHERN CALIFORNIA 42,600,000

COLORADO 4,200,000

FLORIDA 3,000,000

GEORGIA 14,300,000

NEVADA 5,800,000

OTHER 1,300,000

PENNSYLVANIA 3,500,000

TEXAS 5,900,000

TOTAL SQ.FT. 80,000,000

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Denver Industrial Market

QUICK FACTS

• 235 Million Square Feet (1996 - 200 MSF)

• 2nd Tier Distribution Market

• Center of the Rocky Mountain Region (up to 10 states)

• Large Geographic Area/Small Population-5% of U.S.

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Denver Area

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Majestic Commercenter

Project Overview

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MAJESTIC COMMERCENTER

• 1,000 Acre Business Park

• 6 million square feet total

• 4+ million square feet by Majestic

• 500 acres vacant

• 50% built out

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Majestic CommercenterAurora, Colorado

VICINITY MAP

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Majestic CommercenterAurora, Colorado

MASTER SITE PLAN

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Majestic Commercenter

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1996

All in Costs: $36.00

Rent: $3.60 NNN

Return: 10%

2017

All in Costs: $65.00

Rent: $5.00 NNN

Return: 7.5%

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Land Prices

Date Price

1996: $1.50 psf

2017: $6.00 psf

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