5555 E. 58th Avenue
Downtown Denver
Commerce City, CO 80022
INTERSTATE
25
PREPARED FOR
INTERSTATE
70
Mr. Greg Streech
Co
PREPARED BY
Alec Rhodes, sior Tyler Smith, ccim, sior Aaron Valdez
February 26, 2014
I N T E R S TAT E
270
lo
ra
do
Bl vd .
Downtown Denver
INTERSTATE
25
INTERSTATE
70
Co
I N T E R S TAT E
270
Page 2
lo
ra
do
Bl vd .
Table of Contents
1
Market Overview ..........................................................Page 4
2
Current Competition .................................................... Page 5
3
Listing Team ................................................................Page 7
4
The Big Picture.................................................. . . . . . . . Page 8
5
Marketing Action Plan.................................................. Page 9
6
Recommendations .......................................................Page 10
7
Why Partner with Cassidy Turley?..................................Page 12
8
Marketing Examples....................................................Page 13
9
References....................................................................Page 15
The Rhodes-Smith-Valdez Team is well suited for this assignment! Market Knowledge Through research and our proprietary database, we have a treasure trove of buyer/tenant intelligence and lease expirations.
Capabilities Our deal experience is vast, spanning
TOP PRIORITY
EFFECTIVE
virtually every aspect of commercial real estate. We think like owners and provide the highest level
TEAM
of service possible. COMMUNICATION
ALEC TYLER AARON
Challengers Our team has more momentum than any other industrial brokerage team in the market!
LOYAL
ENERGY
Market Overview | Northeast Industrial Submarket 2013 Year End Industrial Market Summary The fervor in the Denver industrial market continued through the fourth quarter of 2013, with nearly a million SF of positive absorption, bringing the total net absorption for 2013 to almost 3 million SF. Vacancy in the 243 million-square-foot market is now at an historic low of 5.3%, proving that demand for industrial space is strong and active, even with fewer and fewer options available.
Central Northwest South/West Metro-wide
Landlords have reacted as expected to the tightening market, with lease rate increasing in virtually every product class. Average asking rents for both warehouse and flex space spiked, finishing the year at $5.04/SF NNN and $9.14/SF NNN respectively compared to $4.50/SF NNN and $8.62/ SF NNN at the end of 2012. The largest lease of the year was Tempur-Pedic North America’s sublease of 20900 E 36th Drive, where the company will occupy 410,000 SF in the Northwest submarket.
48 21 14 26 163
10,000 - 25,000 25,001 - 50,000 50,001 - 100,000 100,000+
June '12 61 50 14 20 23 168
July '12 53 51 10 25 28 167
50
Totals August '12 55 # 63 53 Footage 41 Square Acreage 10 15 26 32 29 27 181 170
51
8.7%
101 39 23 18 181
53
41
36
30
23
25
16
27
Look for lease rates in this submarket to increase $0.25/ SF to $0.50/SF over the next 12 months for Class A and Class B product. Sales offerings for owner occupied buildings will remain low, causing on-going frustration for buyers.
August '12 September '1October '12November December 95 91 93 79 75 39 31 29 32 31 17 20 14 13 14 19 19 18 17 16 170 161 154 141 136
$3.94/nnn
December '13
Northeast Submarket Northeast Submarket Vacancy & Average Rate Trends
9.1%
$3.95/nnn
$3.40/nnn
0.0%
Buyers in the Market
16.0
Tenant or Buyer (February'14) 700
Investment activity will continue to increase as more sellers enter the marketplace. 14.0
Tenant
Buyer
Tenant/Buyer
2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 QTD 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Total Average Rate
Total Vacant %
600
12.0 Marijuana grow facilities will continue to have a significant effect the Denver industrial market, occupying more Class B and Class C space and driving up rental rates and user sale prices for this 10.0 product. 8.0
300
6.0 Speculative development will continue to increase in pockets around the metro area, especially in the Northeast sector where leasing activity is the most active. 4.0
17.7% 51.4%
200 100
0.0
0 January '12 February '12 March '12 April '12 May '12 June '12 July '12 August '12 September '12 October '12 November '12 December '12 January '13 February '13 March '13 April '13 May '13 June '13 July ' 13 August '13 September '13 October '13 November '13 December '13 January '14
2.0
Square Footage
Acres
500 400
Acreage
January '14 February '14
Vacancy and Average Rate Trends 2013 2011 3Q 8.7% $3.87/nnn January '13February '1March '13 April '13 May '13 June10.0% '13 July ' 13 August '13 September '13 October '13 November '13 December '13 $4.60/nnn January '14 February '14 8.7% $3.88/nnn 58 2011 4Q 68 68 72 71 82 86 9.0% 8.4% $3.81/nnn 28 2012 1Q 38 48 44 43 45 44 $4.40/nnn 8.0% 7.9% $3.93/nnn 12 2012 2Q 16 17 19 26 29 30 7.0% 12 2012 3Q 16 14 14 16 18 15 $4.20/nnn $4.05/nnn 7.8% 6.0% 1102012 4Q138 147 149 156 174 175 $4.11/nnn 7.0% 2013 $4.00/nnn 5.0% 2013 1Q 7.1% $4.05/nnn January '13February '1March '13 April '13 May '13 June '13 August '13 September '13 October '13 November '13 December '13 January '14 February '14 4.0%July ' 13 2013 2Q 6.5% $4.21/nnn 110 138 147 149 156 174 175 175 190 237 298 337$3.80/nnn 377 3.0% 3Q 5.6% $4.28/nnn 4,742,500 2013 6,345,500 5,907,000 6,292,500 6,448,500 7,496,000 14,957,500 8,309,000 8,604,000 9,800,500 11,731,500 12,472,500 13,418,500 2.0% 4.7% $4.32/nnn 166 2013 4Q 282.5 270.5 344 291 354 654.18 253 274 297 364.5 399$3.60/nnn 555.18 1.0% $4.54/nnn QTD 4.6% 2011 2Q
With limited for sale options, buyers will have a difficult time finding workable alternatives and will have to pay a premium for quality buildings or consider build-to-suits.
Square Footage (Millions)
50
Decreasing vacancy will continue to fuel landlord’s bullishness with higher lease rates, as well as developers’ confidence for new construction along I-70.
10 9 6 5 10 15 18 19 19 18 17 16 12 16 Sales activity increased in the Northeast submarket during 2013, with 90 properties trading hands totaling $148 163 150 163 150 168 167 181 170 161 154 141 136 110 138 million, the highest annual 2013 volume recorded since 2007. The largest transaction was the sale of the United Natural 2012 2013 September '1October '12November December '13February '1March April '13 May '13 '12June '13perJuly ' 13 foot August '13 September '13 November '13 Foods distribution building at'1217901 East 40th Avenue. Average price square $66.64/SF inOctober 2013, January '12 February '12 March '12 April January '12 May June '12 '13 July '12 August September '1October '12reached November December'13 January '13February '13 47163 43 150 44 163 37 41 48rates 79 154 16843 the average 181 181 169 for52sales 161 in the 141submarket 136 dropped 110 138 up almost 20%41from150 last33year, while capitalization Northeast 36 30 23 25 27 7,164,000 33 34 37 59 6,739,000 6,268,000 5,611,000 5,513,000 16 5,872,00027 6,308,000 6,117,000 6,589,000 5,874,000 5,599,500 5,430,399 4,742,500 6,345,500 to 7.03%. 195.5 186 26 324.824 331.3 341 204.5 178.5 175.3 166 282.5 24 22194.5 22 195 21 24 18 20 23263.5 23 252 33 38 32 28 21 25 32 Total 25 21 26 36 21 21 20 21 14 19 Total Vacant 27 Average 32 33 36 80 161 154 141 136 110 Period 138 % 147 Rate 149 156 174 277
January '12 February '12 March '12 April '12 May '12 June '12 July '12 August '12 September '1October '12November December 163 150 163 150 168 181 181 169 161 154 141 136 6,739,000 6,268,000 5,611,000 5,513,000 5,872,000 6,308,000 7,164,000 6,117,000 6,589,000 5,874,000 5,599,500 5,430,399 195.5 194.5 195 186 324.8 331.3 341 204.5 263.5 252 178.5 175.3
Lease rates will continue to rise, with average rates increasing $0.25 to $0.75 per square foot Active Tenants and triple-net over the next 12 months.
41
2011 1Q
Sizein Data 2012 but with very few “valueInvestment activity increased significantly the second half of 2013, January '12transactions February '12completed March '12 were April '12 May '12 June '12 July '12 add” opportunities available in the market virtually all investment 10,000 - 25,000 93 81 96 99 94 stabilized assets. For properties over the $1 million, 47 transactions were completed with a value 82 25,001 - 50,000 36 36 37 35 35 36 of $289,329,294. Some of the more notable deals were the sale of Bryant Street Quad for $8.75 28 50,001 - 100,000 24 24 24 24 22 million, the new 550,000 square-foot UNFI building for $46.5 million, and the9 260,000 square100,000+ 10 6 5 10 15 163rates for150 168 167 foot Rocky Mountain Bottling plant for $16.1 million. Capitalization completed163 industrial 150 Totals 2012 transactions averaged 7.88% for the year.
Page 4
50
Average asking rates remained steady up to $3.93/SF NNN24for warehouse space $8.59/SF26 20 15 rental 15 14 10 in 2013, 10 15 22 22 and 21 24 12 17 space, a19 25 26 32 last year.33The largest 38 leases 32 of the year 28 were21 25 NNN for flex 4.8% and20 1.4% increase respectively since 22 25(258,000 22 23 28 29 and Coke 27(257,00021SF) and21 20 (126,000 21 SF), both 14 19 Czarnowski SF) at Stapleton Business Center Tire Rack 150 163 150 168 167 181 170 161 154 141 136 110 138 at United Properties’ development at Enterprise Park. With the increase in industrial leasing activity, the number of large blocks of space available for lease in the Northeast has diminished, leading to numerous speculative developments over the past year. Majestic (500,000 SF), Stapleton Business Center (391,000 SF) and Enterprise 2012 2013 January '12 February '12 March '12 April May '12of theJune '12 with July '12 '12 be September '1October '12November January '13February '13 Park (700,000 SF)'12are all out ground projectsAugust that will completed during the first December half of 2014. With 93 81 96 82 99 94 95 91 93 79 75 58 68 over 650,000 SF of pre-leasing already completed in101 these developments, look for United Properties and possibly 36 36 37 35 35 36 39 39 31 29 32 31 28 38 Prologis to 24 continue with 24 24 28 additional 24 spec development. 22 23 17 20 14 13 14 12 16
Size Data
This year saw the rebirth of speculativeSubmarket development Data in the Denver 2012 industrial market, with new January '12 February '12 March '12 April '12 May '12 projects under construction in the Northeast, Southeast, and Northwest submarkets totaling over I-70 54 the I-7046corridor, nearly 56 2.5 million SF. Of the 1.6 million SF thatNortheast/East is under construction along half 53 Central 48 50 has already been pre-leased with several other deals in the pipeline. Czarnowski signed50a 258,00041 Northwest 21 20 15 15 square-foot lease at Prologis’ Stapleton South/West Business Center, while both Swire Coca-Cola and 14 12 17 Tire 19 Rack locked in deals to develop 257,000 SF and 126,000 SF respectively at22 United Properties’ Metro-wide 26 25 22 150 of speculative 163 150 new development at Enterprise Park. The positive outcome with 163 this first wave development should help spur additional development within both of these projects.
2014 Forecast
2014 Forecast
As in years past, the 90 million-square-foot Northeast submarket continued to be the most active segment of the Denver industrial market. The submarket finished the year with an average vacancy rate of 4.7%, nearly 250 basis Submarket Data 2012 2013 points lower at the end of 2012. was'12caused by approximately 1.8 million SF of positive January '12 February '12 March '12 than April '12 May '12 JuneThis '12 drop Julyin '12vacancy August September '1October '12November December January '13February '13 net SF in53 new deliveries Northeast 47 submarket Northeast/East I-70 54 46 absorption, 56 despite 53 over a million 61 63 in the 55 43 this year. 44 41 33 43
Overview
# Square Footage Acreage
Northeast Overview
30.9%
Currently, we are tracing over 9,000,000 SF of requirements in the Denver metro area.
5555 E. 58th Avenue / Current Competition For Lease Proposed
Strengths • Central location • Customized designs • Flexible building design size • Food and retail options nearby • Good highway access • Low operating expenses • Quick access to downtown
Address
• “Unknown” neighborhood • Current zoning limits outdoor storage
5555 E. 58th Ave.
Building Class Year Built Single / Multi-Tenant
9650 E. 40th Ave.
Proposed
Proposed
Enterpris Park, Bldg. 2
Proposed
11100 E. 40th Ave.
11301 E. 45th Ave.
A
A
A
A
A
Proposed
Proposed
Proposed
Proposed
Proposed
Single / Multi-Tenant
Multi-Tenant
Multi-Tenant
Multi-Tenant
Multi-Tenant
Zoning
I-1
M-IMX-5
M-IMX-5
M-IMX-5
I-B, UO-2
119,925
231,345
105,400 - 450,000
469,675
256,700
30 Dock High, 2 Drive-In
36 Dock High, 4 Drive-In
35 Dock High, 2 Drive-In
86 Dock High, 8 Drive-In
100 Dock High, 4 Drive-In
119,925
50,000 - 104,895
17,680 - 450,4000
50,000 - 469,675
43,200 - 256,700
32'
32'
24'
32'
32'
Sprinklers
ESFR
ESFR
ESFR
ESFR
ESFR
Power
TBD
N/A
1,600A / 277-480V / 3P
3,000A / 277-480V / 3P
277 - 480V / 3P
Parking Ratio
1.82/1,000 SF
1.40/1,000 SF
1.70/1,000 SF
0.50/1,000 SF
0.83/1,000 SF
Expense (Est)
$1.55 / SF
TBD
TBD
TBD
$1.55
Gross Effective
TBD
TBD
TBD
TBD
TBD
Brokerage Firm
N/A
Newmark
Newmark
Newmark
Colliers
Total RBA SF Loading Available SF Ceiling Height
Weaknesses • Market may be confused by what is being offered; flexibility of size options and deal structures
Under Construction
Proposed
Existing
Proposed
Proposed
Proposed
11550 E. 45th Ave.
11175 E. 55th Ave.
9700 E. 56th Ave.
Prologis Park 70
Airways
A
B
B
A
B
1996
1996
Proposed
Proposed
Proposed
Multi-Tenant
Multi-Tenant
Multi-Tenant
Multi-Tenant
Single Tenant
Zoning
I-B, UO-2
I-B, UO-2
C-MU-30, UO-1
PUD
M-2
Total RBA SF
126,000
237,400
536,330
115,140 - 480,000
81,600
38 Dock High, 4 Drive-In
34 Dock High, 2 Drive-In
83 Dock High, 4 Drive-In
96 Dock High, 8 Drive-In
5 Dock High
31,500 - 126,000
43,200 - 137,400
40,000 - 563,330
30,000 - 480,000
16,000 - 81,600
30’
24’
32'
32’
30’
ESFR
ESFR
ESFR
ESFR
N/A
277 - 480V / 3P
1,200A / 277 - 480V / 3P
N/A
N/A
N/A
Parking Ratio
N/A
1.01/1,000 SF
N/A
N/A
N/A
Expense (Est)
TBD
$1.45
TBD
TBD
TBD
Gross Effective
TBD
$5.90
TBD
TBD
TBD
Brokerage Firm
Colliers
CBRE
CBRE
CBRE
Cushman
Address Building Class Year Built Single / Multi-Tenant
Loading Available SF Ceiling Height Sprinklers Power
5555 E. 58th Avenue / Current Competition For Sale
5555 E. 58th Ave.
21150 E. 36th Dr.
10298 E 45th Ave.
4240 Carson St.
A
A
B
B
Proposed
Proposed
Proposed
2008
Single / Multi-Tenant
Multi-Tenant
Multi-Tenant
Multi-Tenant
I-1
M-1
C-MU-30, U0-1
I-O
Total RBA SF
119,925
115,140
50,000 - 74,800
36,053
Warehouse SF
N/A
115,140
74,800
13,563
Office SF
N/A
0
N/A
4,035
Loading
30 Dock High, 2 Drive-in
32 Dock High, 5 Drive-in
20 Dock High, 4 Drive-in
4 Dock High, 4 Drive-in
32’
32’
30’
24’
Sprinklers
ESFR
ESFR
ESFR
ESFR
Power
TBD
2,000A / 480V / 3P
2,000A / 480V / 3P
1,200A / 3P
1.82/1,000 SF
1.52/1,000 SF
1.13/1,000 SF
2.16/1,000
Days on Market
167
2,103
210
255
Asking Price
TBD
Withheld
Withheld
$3,785,565
Price/SF
TBD
Withheld
Withheld
$105 / SF
Address Building Class Year Built Single / Multi-Tenant Zoning
Ceiling Height
Parking Ratio
Page 6
Cassidy Turley Listing Team Team Member
Alec Rhodes
Tyler Smith
Aaron Valdez
Experience
21 Years
13 Years
9 Years
Key Strengths
Strategic Vision Transaction Experience National Network Investment Experience Industrial Knowledge
Transaction Experience Financial Background Management Background Results Oriented Industrial Knowledge
Transaction Experience Investment Knowledge Investment Network Industrial Background Redevelopment Experience
Team Roles
Resume Highlights •
Team Leader Secondary Contact Senior Broker Contact Strategy Implementation Tours Proposal Generation Lease Negotiation Transaction Analysis Broker Awareness/Networking
• • • • • •
Primary Contact Strategy Day-to-Day Marketing Tours Proposal Generation Lease Negotiation Transaction Analysis Broker Awareness/Networking Financial Analysis
• • • • • •
Day-to-Day Marketing Creative Promotions Tours Proposal Generation Prospecting Broker Awareness/Networking Financial Analysis
Colorado Management
Colorado Capital Markets
Colorado Support Services
Greg Morris Managing Principal
R.C. Myles Managing Director, Capital Markets
Ilka Conklin Executive Administrator
• • • • •
Did You Know?
Leased and sold in excess of $800,000,000 of industrial real estate, including over 1,000 acres of land and 9,000,000 SF of buildings Industrial Broker of the Year 2012 (DMCAR) Former Board Member of Fuller Real Estate Member of Cassidy Turley’s National Industrial Council Board Member of SIOR Principal/Shareholder at Cassidy Turley Managing Director of Cassidy Turley’s Denver Industrial Group
Completed over 320 real estate transactions on over 4,620,000 SF and $175,000,000 in total consideration Former President of DMCAR and Board Member for 6 years Member of SIOR Member of CCIM Broker of the Year 2012 (DMCAR) Principal/Shareholder at Cassidy Turley
In the last 3 years, Aaron has leased and sold over $60,000,000 of industrial real estate Working on Argus Certification Candidate for CCIM Certification Member of DMCAR Member of CU Real Estate Young Alumni
• • • • •
5-time Iron Man Triathlon finisher Director of Children’s Hospital Burn Camp Founder of Faithful 500 Foundation Board Member for Colorado Youth at Risk Board Member for Young Life
• •
Former wilderness backpacking guide; spent over a year of his life living in the wilderness from Alaska to Wyoming Avid golfer, fly-fisherman and skier
• • •
Ran the Chicago Marathon in 2009 Has completed 23 fix-and-flips Enjoys fly fishing, ice fishing, golf and hunting
National Support Services
Teri Merbach Manager, Graphic Design
Brian Baker Contract Preparation Vice President
Alex Foxx City Leader Property Managment
Travis Young Managing Director, Consulting
Kevin Thorpe Chief Economist, Research
The BIG Picture
More prospects will be made aware of the availability.
ADVOCATING
We are “industrial guys� who understand how to present the benefits of industrial properties. We will attend every showing to ensure that your property is positioned in the best light.
Greater possibility of making a deal happen.
NEGOTIATION
We are savvy and creative negotiators who communicate clearly and effectively with both the prospective tenant/ buyer as well as you as owner.
COMMUNICATION
We will customize our reporting and updating according to your preferences.
Page 8
RESULT
PROSPECTING
We stand by this statement: No other brokerage team can match our level of enthusiasm, strategic approach, tenacity and loyalty to cultivate as many prospects for your property as we do.
Transactions will be completed timely and efficiently and at the highest possible lease sales prices.
We will save you time while also keeping you completely apprised of our efforts on all fronts.
Marketing Action Plan
Days 1-15 Action Items • Finalize listing documentation • Design order and install Cassidy Turley signage • Customize communication and reporting plan with Greg • Meet with Commerce City about Zoning • Prepare a 4-page marketing brochure outlining the important features of the property • Compile target company list from internal databases • Customize marketing approach with Greg’s input • Administrative changes to listing databases: CoStar, LoopNet, Xceligent, etc. • Foot canvas areas around the property with brochures • Contact via phone the top industrial brokers • Send out first broker e-mails • Send postcard #1 • Present your property’s availability to the 50+ member Cassidy Turley Real Estate sales and leasing team • Post the property’s availability on the Cassidy Turley Real Estate website (www.cassidyturley.com) • Post the property brochure on the Xceligent property database • Post the property brochure on the LoopNet property database • Post the property brochure on the CoStar database • Update ownership on progress to date
Days 16-90 Future Action Items • Distribute the marketing brochure to logical prospects (local businesses, active industrial brokers, investors, etc.) through email, direct mailings and follow-up phone calls • Continue foot canvas campaign in the neighboring areas
Days 91+ Future Action Items • Revisit marketing plan with ownership • Create customized marketing campaigns for upcoming availabilities • Continue to cold call prospects • Follow-up on all leads to date
• Cold call specific list of targeted prospects (SIC codes, Proprietary internal database, internal list of companies with upcoming lease expirations, etc.)
• Consistent marketing via broadcast e-mails to commercial brokerage community via Xceligent and our internal proprietary list of top industrial brokers, company owners, etc.
• Consistent marketing via broadcast e-mails to commercial brokerage community via Xceligent and our internal proprietary list of top industrial brokers, company owners, etc.
• Send out quarterly e-mails to CCIM database
• Send postcard #2 • Send out quarterly e-mails to CCIM database • Continue to market to brokerage community via broadcast e-mails • Regular communication with ownership
• Regular communication with ownership
Recommendations
• Investigate storage and trailer parking possibilities through Commerce City
• Target trucking terminal users • Market new 119,000 SF build divisible to 30,000 SF with aggressive pricing • Market 60,000-119,00 SF for sale or lease as build-to-suit Commissions
Lease
Direct
5%
5%
3%
2%
Co-Op
8%
6%
5%
3%
Page 10
Sale
($1-3 Million)
Sale
($3-8 Million)
Sale
($8 Million +)
I NT ERSTAT E
270
INTERSTATE
5555 E. 58th Ave.
Colorado Blvd.
25
Quebec St.
Vasquez Blvd Hwy.
2
I N T E R S TAT E
270
I N T E R STAT E
70
Smith Rd .
Downtown Denver
DIA
Why Partner With Cassidy Turley?
1. 2. 3. 4. 5.
Page 12
A three-person cohesive team is needed for this comprehensive assignment. No conflicts of interest with competing projects. We can attack all Northeast / Central Metro Denver buyers and tenants. Unparalleled broker relationships. Cooperating brokers trust and like to work with our Team. We have a compelling strategic vision for marketing this portfolio. We have the time, energy and expertise to succeed on this assignment.
Marketing Examples Postcards
Brochures Available Lease or Sale
Colorado Trade Center Truck Terminal 5555 East 58th Avenue
5151 BANNOCK STREET | DENVER, COLORADO 80216
Warehouse / Distribution / Manufacturing Space
Property Description
For Lease $2.75/SF NNN Up to 100,000 SF Available
FOR LEASE
Trucking Terminal 5555 E. 58th Ave. Commerce City, Colorado 80022
∙ Property Information ∙ 2,000 SF RETAIL PAD SPACE ASKING SALE PRICE: $TBD ∙
For Lease 30,000 - 120,000 SF
Commerce City, CO
AVAILABLE IMMEDIATELY
Yes
Trailer Storage
Colorado Trade Center | 5151 Bannock Street
+4 Acres
The Colorado Trade Center is oneDrive-In of the most notable and historically significant industrial properties in the Denver market. Dock-High and This facility, which has a highly divisible and flexible design, can accommodate users up to 100,000 SF (warehouse, manufacturing,Yes, office and distribution The premier location at the northwest quadrant of I-25 and I-70 provides BNSF with Interiorspace). and Exterior excellent highway access to all of metropolitan Denver. Rail Docks
The Colorado Trade Center has a long history in Denver and has gone through multiple and significant renovations and Construction Masonry, Brick/Block expansions to accommodate a variety of national and Fortune 500 companies. For years, this premier centrally located facility has served Denver industrial businesses and the surrounding areas. Today, the project continues to provide a hub for Tenants business with its highly visible location, functionality and flexible floor plan options. Former centralized and Current
Visit www.cassidyturley.com or call 303.292.3700 CAPITAL MARKETS CORPORATE SERVICES LEASING & TENANT REPRESENTATION PROJECT & DEVELOPMENT SERVICES PROPERTY MANAGEMENT 1515 Arapahoe Street, Suite 1200 Denver, CO 80202
For more information, please contact:
Craig Myles, sior, 303.312.4294
I-B-UO-2
Rail
5555 E. 58th Ave. Commerce City, Colorado 80022
ccim
$1.83/SF (2013) Plus Utilities
Zoning
Loading
For information contact Greg Streech 303.669.9532 or greg@streech.com
Tyler.Smith@cassidyturley.com
$2.75/SF NNN
Est. Operating Exp.
Sprinklers
AVAILABLE WITH 90 DAYS NOTICE
SITE
Tyler Smith, sior, 303.312.4296
12,816 - 100,000
Lease Rate
5151 BANNOCK28’-46’ STREET | DENVER, COLORADO 80216
SITE
ccim, uli
38 Acres
Available SF
Clearance
5151 BANNOCK STREET | DENVER, COLORADO 80216
RC.Myles@cassidyturley.com
705,839
Land Size
Colorado Trade Center
Taxes: Apx $2,727/mo Insurance: Apx $110/mo Features: 43 Loading Positions 8.41 acres Dock: ± 14,100 sq. ft. (60’ wide) Office: ± 1,064 sq. ft. Shop: ± 4,890 sq. ft. Paved lot with adjacent gravel lot Center Easy access to all metro Colorado DenverTrade from 270, 70, 25 and 36 Low real estate taxes Commerce City Incentives Available
R.C. Myles, sior, 303.312.4226
Gross Building SF
leed® ap, cpm
Craig.Myles@cassidyturley.com
T 303.292.3700 F 303.534.8270 cassidyturley.com
Cassidy Turley Copyright 2013. The information contained herein was obtained from sources we consider reliable. However, we cannot be responsible for errors, omissions, prior sales, withdrawal from the market or change in price. Any information deemed pertinent should be verified prior to purchase or lease.
• Miller Coors
• Sportcraft
• Nestle Purina
• Owens Corning
• Safeway
• FreshPack
• Nash Finch and Company
• Americold
• Pioneer Materials West
• Sears
• FreshPoint
• Coldfront Distribution
Why Partner with Cassidy Turley?
Our Promise In the last 3 years, we have met with or called over 1,000 companies in the northeast and central submarkets. We are ready to go to work for you!
Page 14
References Hal Marshall / Colorado Trade Center 705,000 SF Portfolio 303.295.0057 marshallctc@aol.com
David Gann / Custom Windows 125,000 SF Building 303.551.3333 gannfamily@gmail.com
Dave Teneyck / CCW Products 80,000 SF Building 303.437.9898 davidtenyckl@aol.com
Stuart Smith / Buehler Mayflower 185,000 SF Portfolio 303.336.9401 stuart@buehlermoving.com
David Nestor / Urban Lights 135,000 SF Building 720.475.5300 dnestor@urbanlightsdenver.com
Grant Eckhardt / All American Moving & Storage 111,000 SF Property 720.244.9458 geckhardt@aamoves.net
5555 E. 58th Avenue
Downtown Denver
Commerce City, CO 80022
INTERSTATE
25
INTERSTATE
70
Co
I N T E R S TAT E
270
lo
ra
do
Bl vd .