INVESTMENT SALE Industrial Warehouse 64516471 E 49th Dr Commerce City, CO 80022 CONTACT: TOM MYERS EXECUTIVE VICE PRESIDENT 303.512.1187 tmyers@uniqueprop.com JAKE COOK BROKER ASSOCIATE 303.512.1165 jcook@uniqueprop.com UNIQUE PROPERTIES 400 S. BROADWAY DENVER, CO 80209 (p) 303.321.5888 (f) 303.321.5889 WWW.UNIQUEPROP.COM
INVESTMENT SALE OPPORTUNITY INDUSTRIAL OFFERING SUMMARY Sale Price: $3,750,000 NOI: $267,090 (Year 1) Cap Rate: 7.12% Building Size: Office: Lot Size: 34,025 SF 3,500 SF+/ 1.57 Acres Drive In Doors: 7 Ceiling Height: 14' 35' Year Built: 1970 Renovated: 2016 64516471 E 49TH DR Zoning: I1S Parking: 34 PROPERTY OVERVIEW Rare industrial investment opportunity. The property is currently 100% leased to Danhydra, Inc. with approximately five years remaining on its lease. The building sits on a 1.57 acre fenced lot, with ample space for truck parking and storage. It features 3,500 SF of office space, high ceilings, seven drivein doors, and three bridge cranes. 64516471 E 49th Avenue is conveniently located in Commerce City, easily accessible from I270 and I70 at Quebec or Monaco Streets. PROPERTY HIGHLIGHTS Three 5Ton Bridge Cranes 29' Under Hook Fenced, Paved Yard New Roof Sections in 2015 & 2018 Oversized DriveIn Doors with DriveThru Capacity 480 Volt, 3 Phase Power & Multiple Welding Stations UNIQUE PROPERTIES Radiant Heat 400 S. BROADWAY DENVER, CO 80209 (p) 303.321.5888 (f) 303.321.5889 WWW.UNIQUEPROP.COM
TENANT PROFILE Originally founded as Struer Shipyard in Denmark in 1886, Danhyrdra A/S, along with its subsidiaries, has grown to become one of the world s leading providers of tools and tool services for the wind power industry. Today its core business includes the engineering and manufacture of tooling solutions, storage and distribution of critical tooling requirements, as well as service and repair. Their customers include the top three wind turbine manufacturers globally in Vestas, Siemens/Gamesa, and GE. Danhydra also supplies goods and services to wind installation contractors such as Mortenson Construction and Blattner Energy, as well as independent turbine suppliers, and independent wind farm owners throughout the world. The company is privately owned, and demonstrating solid growth. It is fully ISO certified. You may visit its website at www.danhydra.com. Danhydra moved into its new headquarters in Herning, Denmark in 2017. That facility, with 45,000 sf, houses office, engineering, manufacturing and warehouse functions. A second European facility is located in Grimma, Germany, and is comprised of two buildings totaling 130,000 sf. Together the European facilities serve markets in Europe, Asia, Africa and the Middle East, and Australia. Danhydra s US facility, located in Denver, Colorado, serves the Americas. That facility is ideally located on the I70 industrial corridor between downtown and Denver International Airport. Renovated in 2016, the property features over 34,000 sf of production and service area, as well as outside storage. The facility has ample room for expanded operations for the foreseeable future.
FINANCIAL OVERVIEW PROPERTY INFORMATION PROPERTY ADDRESS: 64516471 E 49th Dr CASH FLOW SUMMARY** 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 15. 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.
SALE COMPS PROPERTY NAME CITY PRICE BUILDING SF PRICE/SF CAP SITE SIZE (AC) YEAR BUILT CLOSE DATE 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 64516471 E 49TH DR 1 2 3 4 5 6 7 8 9 10
PROPERTY AERIAL
AREA DEMOGRAPHICS 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 About Commerce City As 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 s bustling Front Range, Commerce City is a quality community for a lifetime. It s a safe, diverse and welcoming community with 25 miles of trails, a championship golf course, 840 acres of open space and parks, 1,300 thriving businesses, one of the country s largest soccer complexes and the nation s largest urban wildlife refuge. Currently, 1,300 companies ranging from international and national headquarters to small businesses and entrepreneurs call Commerce City home.
LOCATION MAP CONTACT: TOM MYERS EXECUTIVE VICE PRESIDENT 303.512.1187 tmyers@uniqueprop.com JAKE COOK BROKER ASSOCIATE 303.512.1165 jcook@uniqueprop.com 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 is submitted subject to errors, omission, changes of price, or conditions, prior to sale or lease, or withdrawal without notice. WWW.UNIQUEPROP.COM