Two Decades of Industrial Development Denver/Aurora, CO · Majestic Realty Co. Portfolio by Region...

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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. Portfolio by Region...

Page 1: Two Decades of Industrial Development Denver/Aurora, CO · Majestic Realty Co. Portfolio by Region STATE SQ. FT. SOUTHERN CALIFORNIA 42,600,000 COLORADO 4,200,000 FLORIDA 3,000,000

Two Decades of Industrial Development

Denver/Aurora, CO

Presented by: Randall C. Hertel

Executive Vice President

Majestic Realty Co.

Page 2: Two Decades of Industrial Development Denver/Aurora, CO · Majestic Realty Co. Portfolio by Region STATE SQ. FT. SOUTHERN CALIFORNIA 42,600,000 COLORADO 4,200,000 FLORIDA 3,000,000

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

Page 3: Two Decades of Industrial Development Denver/Aurora, CO · Majestic Realty Co. Portfolio by Region STATE SQ. FT. SOUTHERN CALIFORNIA 42,600,000 COLORADO 4,200,000 FLORIDA 3,000,000
Page 4: Two Decades of Industrial Development Denver/Aurora, CO · Majestic Realty Co. Portfolio by Region STATE SQ. FT. SOUTHERN CALIFORNIA 42,600,000 COLORADO 4,200,000 FLORIDA 3,000,000

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.

Page 5: Two Decades of Industrial Development Denver/Aurora, CO · Majestic Realty Co. Portfolio by Region STATE SQ. FT. SOUTHERN CALIFORNIA 42,600,000 COLORADO 4,200,000 FLORIDA 3,000,000

Denver Area

Page 6: Two Decades of Industrial Development Denver/Aurora, CO · Majestic Realty Co. Portfolio by Region STATE SQ. FT. SOUTHERN CALIFORNIA 42,600,000 COLORADO 4,200,000 FLORIDA 3,000,000

Majestic Commercenter

Project Overview

Page 7: Two Decades of Industrial Development Denver/Aurora, CO · Majestic Realty Co. Portfolio by Region STATE SQ. FT. SOUTHERN CALIFORNIA 42,600,000 COLORADO 4,200,000 FLORIDA 3,000,000

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

Page 9: Two Decades of Industrial Development Denver/Aurora, CO · Majestic Realty Co. Portfolio by Region STATE SQ. FT. SOUTHERN CALIFORNIA 42,600,000 COLORADO 4,200,000 FLORIDA 3,000,000

Majestic CommercenterAurora, Colorado

MASTER SITE PLAN

Page 10: Two Decades of Industrial Development Denver/Aurora, CO · Majestic Realty Co. Portfolio by Region STATE SQ. FT. SOUTHERN CALIFORNIA 42,600,000 COLORADO 4,200,000 FLORIDA 3,000,000

Majestic Commercenter

Page 11: Two Decades of Industrial Development Denver/Aurora, CO · Majestic Realty Co. Portfolio by Region STATE SQ. FT. SOUTHERN CALIFORNIA 42,600,000 COLORADO 4,200,000 FLORIDA 3,000,000
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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

Page 14: Two Decades of Industrial Development Denver/Aurora, CO · Majestic Realty Co. Portfolio by Region STATE SQ. FT. SOUTHERN CALIFORNIA 42,600,000 COLORADO 4,200,000 FLORIDA 3,000,000