HomeMy WebLinkAbout20111962.tiff Kielfc,r( 0 CLERK TO THE BOARD
PHONE (970) 336-7215, Ext. 4226
FAX: (970) 352-0242
1150 O STREET
P. O. BOX 758
111kGREELEY, COLORADO 80632
COLORADO
August 26, 2011
HALLE PROPERTIES LLC
20225 N SCOTTSDALE RD
SCOTTSDALE, AZ 85255
RE: THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - STIPULATE
PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE
DESCRIPTION OF PROPERTY:ACCOUNT#: R4463806 PARCEL#: 095921267006-GR 1VSM
LOT 6 VILLAGE AT ST MICHAELS FG #1 AMD
Dear Petitioner:
On July 26,2011,the Board of County Commissioners of Weld County, Colorado, convened,
and acting as the Board of Equalization, pursuant to Section 39-8-101, C.R.S., et.seq., considered
the Stipulation on your petition of appeal of the County Assessor's valuation of your property
described above, for the year 2011.
The Stipulation was entered into between the Assessor and said petitioner(s),and accepted
by the Board of Equalization, agreeing that the assessment and valuation of the Weld County
Assessor be Stipulated as follows:
ACTUAL VALUE AS ACTUAL VALUE
DETERMINED BY AS STIPULATED
ASSESSOR
$1,284,432 $1,163,415
CC';iottrge2171E c9 -c+20// 2011-1962
AS0079
HALLE PROPERTIES LLC - R4463806
Page 2
If you have questions or need additional information, please do not hesitate to contact me at
(970) 336-7215, Extension 4226.
Very truly
,�yours,
yt
Esther E. Gesick
Deputy Clerk to the Board
cc: Christopher Woodruff, Assessor
MARVIN F. POER AND COMPANY
410 17 ST SUITE 1175
DENVER, CO 80202
2011-1962
AS0079
2011
COUNTY BOARD OF EQUALIZATION
WELD COUNTY
ASSESSOR'S ACCOUNT NUMBER R4463806
STIPULATION (As To Tax Year 2011 Actual Value)
RE PETITION OF : Discount Tire
NAME: Halle Properties, LLC
ADDRESS: 20225 N. Scottsdale Road
Scottsdale, AZ 85255
Petitioner(s),Halle Properties. LLC and the Weld County Assessor, hereby enter into
this Stipulation regarding the tax year 2011 valuation of the subject property, and jointly
move that the Board of Equalization to enter its order based on this Stipulation.
Petitioner(s) and the Assessor agree and stipulate as follows:
1. The property subject to this Stipulation is described as:
GR 1VSM LOT 6 VILLAGE AT ST MICHAELS FG #1 AMD
2. The subject property is classified as COMMERCIAL
property.
3. The County Assessor originally assigned the following actual value to the subject
property for tax year 2011.
Land $ 604.368
Improvements$ 680,064
Total $ 1.284,432
4. After further review and negotiation,the petitioner(s) and Weld County Assessor
agree to the following actual value for the subject property.
Land $ 604.368
Improvements$ 559,047
Total $ 1,163,415
2011-1962
5. The valuations, as established above, shall be binding only with respect to tax
year 2011.
6. Brief narrative as to why the reduction was made: Value was adiusted based
upon the general market prices per sq. ft. that were in place in the base period,
additionally the income was considered as backup for the market.
7. Both parties agree that the hearing scheduled before the Weld County Board of
Equalization on DATE at TIME am be vacated; or, a hearing has not yet
been scheduled before the Board of Equalization x (check if
appropriate).
DAT i 1 da f July, 2011.
Petiti e s) Attorney Petitioner(s) or Attorney
A'4e'.JT— M F-c +f CO
r ss: I(75 Address:
Addera t"113± S .
eKvet , c+ c,L 80202—
Telephone: 34)-3 SI3 o5 13 Telephone:
AOC R. ohR.l�ltM L m�
CountyAsse s r
Address:
1400 N.17th Avenue
Greeley, CO 80631
(970) 353-3845 ext. 3656
NOTICE OF DETERMINATION
Z2195/4329Q /
Christopher M. Woodruff Date of Notice: 6/22/2011
Weld County Assessor Telephone: (970) 353-3845 or (720) 652-4255
1400 N 17th Ave Fax: (970) 304-6433
Greeley, CO 80631 E-mail: appeals@co.weld.co.us
www.co.weld.co.us Office Hours: 8:00 AM - 5:00 PM
SCHEDULE/ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/
PHYSICAL LOCATION
R4463806 2011 2081 GR 1VSM LOT 6 VILLAGE AT ST MIQtiAELS
FG#1 AMD
cr 6607 29 ST, GREELEY 6
Z HALLE PROPERTIES LLC
3 20225 N SCOTTSDALE RD
O
r SCOTTSDALE,AZ 85255 W
w ,
CC
0.
O
ASSESSOR'S VALUATION
ACTUAL VALUE PRIOR TO
PROPERTY CLASSIFICATION REVIEW ACTUAL VALUE AFTER
REVIEW
COMMERCIAL 1,284,432 1,284,432
TOTAL $1,284,432 $1,284,432
The Assessor has carefully studied all available information, giving particular attention to the
specifics included on your protest. The Assessor's determination of value after review is based
on the following:
AL01 - Your property has been uniformly valued following Colorado law. Your protest of value
has been denied due to comparison of other similar properties which sold during the 2009/2010
time period.
If you disagree with the Assessor's decision, you have the right to appeal to the County
Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S.
The deadline for filing real property appeals is July 15.
The deadline for filing personal property appeals is July 20.
The Assessor establishes property values. The local taxing authorities (county, school district,
city, fire protection, and other special districts) set mill levies. The mill levy requested by each
taxing authority is based on a projected budget and the property tax revenue required to
adequately fund the services it provides to its taxpayers. The local taxing authorities hold
budget hearings in the fall. If you are concerned about mill levies, we recommend that you
attend these budget hearings. Please refer to last year's tax bill or ask your Assessor for a
listing of the local taxing authorities.
Please refer to the reverse side of this notice for additional information.
MARVIN F. POER AND COMPANY
410 17 ST SUITE 1175
DENVER CO 80202
APPEAL PROCEDURES
County Board of Equalization Hearings will be held from July 1 through August 5
at 915 10th Street, Greeley, CO
To appeal the Assessor's decision, complete the Petition to the County Board of Equalization
shown below, and mail or deliver a copy of both sides of this form to:
Weld County Board of Equalization
915 10th Street, P.O. Box 758
Greeley, CO 80632
Telephone (970) 356-4000 Ext, 4225
To preserve your appeal rights, your Petition to the County Board of Equalization must be
postmarked or delivered on or before July 15 for real property and on or before July 20 for
personal property— after such date, your right to appeal is lost. You may be required to prove
that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with
proof of mailing.
You will be notified of the date and time scheduled for your hearing. The County Board of
Equalization must mail a written decision to you within five business days following the date of
the decision. The County Board of Equalization must conclude hearings and render decisions
by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of
Equalization and you wish to continue your appeal, you must file an appeal with the Board of
Assessment Appeals by September 12, § 39-2-125(1)(e), C.R.S.
If you are dissatisfied with the County Board of Equalization's decision and you wish to continue
your appeal, you must appeal within 30 days of the date of the County Board's written decision
to ONE of the following:
Board of Assessment Appeals District Court
1313 Sherman Street, Room 315 9th Avenue and 9th Street
Denver, CO 80203 P.O. Box C
(303) 866-5880 Greeley, Colorado 80632
www.dola.colorado.qov/baa (970) 356-4000 Ext. 4520
Binding Arbitration
For a list of arbitrators, contact the County Commissioners at the address listed for the County
Board of Equalization.
If the date for filing any report, schedule, claim, tax return, statement, remittance, or other
document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been
timely filed if filed on the next business day, § 39-1-120(3), C.R.S.
PETITION TO COUNTY BOARD OF EQUALIZATION
What is your estimate of the property's value as of June 30, 2010? (Your opinion of value in terms of
a specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.)
$ /, ic-3 it/ f
What is the basis for your estimate of value or your reason for requesting a review? (Please attach
additional sheets as necessary and any supporting documentation, i.e., comparable sales, rent roll,
original installed cost, appraisal, etc.)
/Wfl7_I6& r s✓' PO/L-(S 0tisjdiot/ / rJ ✓ tztJT=
S �/`fl-c-bt C—I) DOCOACeh/%
ATTESTATION
I, the undersigned owner or agent' of the property identified above, affirm that the statements contained
herein and on any attachments hereto are true and complete.
s _____ �'lt�ly � ( 303 ) 573 0975 7—b'-Zc(/
Sig re Telephone Number Date
I Attach letter of authorization signed by property owner.
J,E7TER OF AUTHORIZATION
Instructions:
This letter of authorization must be signed by the OWNER OF RECORD. If a professional management
company is acting on behalf of the owner,a letter from the owner of record or a copy of a management agreement
giving the management company authority to act on the owners' behalf must be supplied. If the lessee is
initiating the appeal,then a copy of the lease must be supplied to establish proper authorization.
To all!arils:
The owner of record hereby designates Marvin F.Poer and Company,its agents and employees,to act on behalf
of the owner in all matters pertaining to the review and appeal of real and/or personal property valuation and
classification to the assessor,county board of equalization,arbitration,state board of assessment appeals,district
court or any other hearing process. This authorization is limited to the properties listed below and on the
attached continuation form(s).
TAX YEARS: 2011/201122 et prior years
SIGNATURE: Gam`" 1St
PRINTED: DCP\N \`t" \V G LA
TITLE: �K Z . v .?
OWNERSHP NAME: Halle Properties LLC
TELEPHONE
PROPERTY LIST:
Schedule/Parcel Numbers Property Address
65th Ave/US 34 Bypas
R4463806
22795/432991
Marvin F.Poe and Company,410 17th St.Sae 1175,Denver, CO 80202
Phone: 303-573-0975,Fay 3034734976
2011
REAPPRAISAL
2011 INFORMATION CHECKLIST
PLEASE FIND THE FOLLOWING DATA IN SUPPORT OF AN ADJUSTMENT IN VALUE
$ / /1P3 4/ S - Adjustment
2009 AND/OR 2010 INCOME AND EXPENSE DATA
2009 AND/OR 2010 RENT ROLL
LEASE INFORMATION
SUBJECT PURCHASE DATA
SALES DATA
ASSESSMENT OF COMPARABLE PROPERTIES
CAPITALIZATION RATE PUBLICATION
/41-71/96-0-c_ ft /4 S N � f
An_ to S : 7Us / /
FOR ADDITIONAL INFORMATION REGARDING THIS APPEAL,PLEASE CONTACT:
Joseph Monzon 303.573.0975 Phone
303.573.0976 Fax
joemonzon$mfaoercom
Alex Martinez 303.573.0975 Phone
303.573.0976 Fax
a lexma rtinez(ia mfpoercom
Identify Results Page 1 of 2
WELD COUNTY ASSESSOR
PROPERTY PROFILE
Account#: R4463806 Parcel#: 095921267006
Tax Area: 2081 Bordering County:
Acres: 1.009
Township Ranee Section Ouart. Sec. Subdivison Name Block# Lot#
05 - 66 - 21 - 2 VILLAGE AT ST MICHAELS FG #1 AMD - - 6
Owners Name&Address: Property Address:
HALLE PROPERTIES LLC Street: 6607 29 ST GREELEY
20225 N SCOTTSDALE RD City: GREELEY
SCOTTSDALE,AZ 85255
Business/Complex: Discount Tire Co.
Sales Summary
Sale Date Sale Price Deed Type Reception #
3/25/2008 $669,200 WD 3544466
Legal Description
GR 1VSM LOT 6 VILLAGE AT ST MICHAELS FG #1 AMD
Land Valuation Summary
Unit of Number of Actual Value Assessed
Land Type Abst Code Measure Units Value
Commercial 2112 Square Feet 43954
Land Subtotal: 43954 $604,368 $175,270
Buildings Valuation Summary
Actual Value Assessed
Bldg# Property Type Value
1 Commercial
Improvements Subtotal: $680,064 $197,220
Total Property Value $1,284,432 $372,490
Building Details
Account#: R4463806 Parcel#: 095921267006
Owners Name&Address: Property Address:
HALLE PROPERTIES LLC Street: 6607 29 ST GREELEY
20225 N SCOTTSDALE RD City: GREELEY
SCOTTSDALE,AZ 85255
Building# Property Type
1 Commercial
Individual Built As Detail
Built As: Automotive Center Year Built: 2010
Exterior: HVAC: Package Unit
http://maps2.merrick.com/W ebsite/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=095921... 6/6/2011
Identjfy Results Page 2 of 2
Interior Finish: Built As SQ Ft: 7051
# of Baths: 0 Roof Type: Flat
# of Bdrms: 0 Roof Cover:
# of Stories: 1
Rooms: 0 Units: 0
Gara RE
Attached SQ Ft: Detached SQ Ft:
Basement:
Total SQ Ft: Finished SQ Ft:
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Identify Results Page 1 of 1
Parcel Valuation
Account#: R4463806 Parcel#: 095921267006
Owners Name &Address: Property Address:
HALLE PROPERTIES LLC Street: 6607 29 ST GREELEY
20225 N SCOTTSDALE RD City: GREELEY
SCOTTSDALE, AZ 85255
Business/Complex: Discount Tire Co.
Leaal Description
I GR 1VSM LOT 6 VILLAGE AT ST MICHAELS FG #1 AMD
Land Value $604,368 Land Assessed Value $175,270
Imor. Value $680.064 Imor.Assessed Value $197.220
Total Value $1,284,432 Total Assessed Value $372,490
Tax Area: Bordering County:
Township Ranae Section Ouart. Sec. Subdivison Name Block# Lot#
05 - 66- 21 - 2 VILLAGE AT ST MICHAELS FG #1 AMD - - 6
Land Subtotal: Square Feet:43954
Sale Price Sale Date Deed Type Reception #
$669,200 3/25/2008 WD 3544466
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Identify Results Page 1 of 1
Land Details
Account#: R4463806 Parcel#: 095921267006
Owners Name&Address: Property Address:
HALLE PROPERTIES LLC Street: 6607 29 ST GREELEY
20225 N SCOTTSDALE RD City: GREELEY
SCOTTSDALE,AZ 85255
Land Type Abst Code Unit of Measure # of Units
Commercial 2112 Square Feet 0
Acres Square Ft. Frontage Ft.
1.009 43954 0
http://maps2.merri ck.com/W ebsite/W eld/setSgl.asp?cmd=QUERY&DET=Land&pin=0959... 6/6/2011
Building Details Page 1 of 1
Building Details
Account#: R4463806 Parcel#: 095921267006
Owners Name &Address: Property Address:
HALLE PROPERTIES LLC Street: 6607 29 ST GREELEY
20225 N SCOTTSDALE RD City: GREELEY
SCOTTSDALE,AZ 85255
Building# Property Type
1 Commercial
Individual Built As Detail
Built As: Automotive Center Year Built: 2010
Exterior: HVAC: Package Unit
Interior Finish: Built As SQ Ft: 7051
# of Baths: 0 Roof Type: Flat
# of Bdrms: 0 Roof Cover:
# of Stories: 1
Rooms: 0 Units: 0
Garage:
Attached SQ Ft: Detached SQ Ft:
Basement:
Total SQ Ft: Finished SQ Ft:
http://maps2.merrick.com/W ebsite/Weld/setSgl.asp?cmd=QUERY&DET=Building&pin=0... 6/6/2011
AUTOMOTIVE RELATED RETAIL
1 690 E 120th Ave- Big-O Tires SOLD
Northglenn,CO 80233 Adams County •
Recorded Buyer: Spiewak Holdings Llc Recorded Seller: St Lawrence Llc
690E 120th Ave
Northglenn,CO 80233
True Buyer: Big-O Tires True Seller: Castle,Meinhold&Stawiarski LLC
Map Page:Pierson Graphics
Corp 42-C
Sale Date: 12/31/2007 Bldg Type: Auto Repair
Sale Price: $1,225,000-Confirmed Year Built/Age: Built 1994 Age:13
Price/SF: $274.91 GLA: 4,456 SF
Pro Forma Cap: - Zoning: C-4,Northglenn
Parcel No: 1719-03.1-11-024
Financing: Down payment of$109,000(8.9%);$620,000 from Compass Bank$496,000 from Compass Bank
Comp ID: 1468917 - Research Status: Confirmed
2 11460 Huron St-Grease Monkey SOLD
Denver,CO 80234 Adams County •
d"'4
Recorded Buyer: Caddis Investments,LLC Recorded Seller: Harry&Bobby T. Blankenship
11460 Huron St Living Trust
Northglenn,CO 80234 11015 Claire Ln
(303)451-7946 Northglenn,CO 80234 -
(303)450-0045
True Buyer: Caddis Investments,LLC Seller Contact: Harry Blankenship
Map Page:Mapsco 194-F/B
Sale Date: 06/23/2006 Bldg Type: Auto Repair
Sale Price: $650,000-Confirmed Year Built/Age: Built 1985 Age:21
Price/SF: $134.74 GLA: 4,824 SF
Pro Forma Cap: - Zoning: C-3,Northglenn
Parcel No: 1719-03-0-05-025,1719-03.0-05.026
Financing: Down payment of$650,000(100.0%)
Comp ID: 1133158 - Research Status: Confirmed
3 12740 Colorado Blvd SOLD
Thornton,CO 80241 Adams Countyrinrk
Recorded Buyer: Ss Country Meadows tic Recorded Seller: B&W Motors Inc nrel`><CUM tin,
5201 N O Connor Blvd 4271 S Laredo Way `.
Irving,TX 75039 - Aurora,CO 80013
(972)869-4548 Map Page:Pierson Graphics
True Buyer AR Services,LLC True Seller: Michael Brady Corp 165-U
Sale Date: 01115/2010 Bldg Type: Auto Repair
Sale Price: $625,000-Confirmed Year Built/Age: Built 2002 Age:8
Price/SF: $113.66 GLA: 5,499 SF
Parcel No: 1571-31-2-09-009
Financing: Down payment of$625,000(100.0%)
Comp ID: 1864740 — Research Status: Confirmed
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poor and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poer&Company-126089.
Page 1
AUTOMOTIVE RELATED RETAIL
4 8476 Pearl St-Automotive Trim Design SOLD
Thornton,CO 80229 Adams County atv mar.``
PIXT nil
Recorded Buyer: Barbara G Sutton Recorded Seller: Citywide Banks f 4;1:
3754 E 127th Way 10660 E Colfax Ave
Thornton,CO 80241 Aurora,CO 80010
(303)365-3600
Seller Contact: Citywide Banks
Sale Date: 05/10/2007 Bldg Type: Auto Repair
Sale Price: $445,000-Full Value Year Built/Age: Built 1965 Age:42
Price/SF: $106.21 GLA: 4,190 SF
Pro Forma Cap: - Zoning: CR,Thornton
Parcel No: 1719-27-1-00-023
Financing: Down payment of$89,000(20.0%);$356,000 from North Valley Bank
Camp ID: 1318100 — Research Status: Full Value
5 6998 York St SOLD
Denver,CO 80229 Adams County
Recorded Buyer: Hydrodig Denver LIc Recorded Seller: Quicksilver Enterprises
6998 York St -
Denver,CO 80229 , es IS dB 1
Sale Date: 03131/2009 Bldg Type: Auto Repair
Sale Price: $650,000-Full Value Year Built/Age: Built 2003 Age:6
Price/SF: $98.48 GLA: 6,600 SF
Pro Forma Cap: - Zoning: Commercial
Parcel No: 1825-01-2-03-006
Financing: -
Comp ID: 1688641 — Research Status: Full Value
6 6160 Federal Blvd SOLD
Denver,CO 80221 Adams County
Recorded Buyer: Dennis Properties LLC Recorded Seller: Florence D Green Revocable Liv
8175 W Clifton Ave --.
Littleton,CO 80128
\.
Sale Date: 09/2212010(371 days on mkt) Bldg Type: Auto Repair
Sale Price: $589,000-Confirmed Year Built/Age: Built 1970 Age:40
Price/SF: $60.78 GLA: 9,690 SF
Pro Forma Cap: - Zoning: C-5
Actual Cap Rate: - Sale Conditions: Deferred Maintenance
Parcel No: 1825.08-1-00-025
Financing: $889,200 from Wells Fargo Bank
Comp ID: 1987423 — Research Status: Confirmed
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poer and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poer&Company-126089. Page 2
AUTOMOTIVE RELATED RETAIL
7 1525 Lansing St SOLD
Aurora,CO 80010 Adams County
Recorded Buyer: Land Associates LIc Recorded Seller Domenico Real Estate Partnership
2302 Dayton II,LLC .,. ,R.
Aurora,CO 80010 1200 W Alameda Ave `%
Denver,CO 80223
Seller Contact Domenico Family Real Estate a ... --roitainitsma
Company,LLLP
Sale Date: 07/0912008 Bldg Type: Auto Repair
Sale Price: $175,000-Full Value Year Built/Age: Built 1960 Age:48
Price/SF: $34.25 GLA: 5,109 SF
Pro Forma Cap: - Zoning: B-4
Actual Cap Rate: - Sale Conditions: Partial Interest Transfer
Parcel No: 1823-35.3-30.007
Financing:
Comp ID: 1563429 — Research Status: Full Value
8 10325 Quivas St- Five Star Collision SOLD
Thornton,CO 80260 Adams County
Recorded Buyer West Quivas LIc Recorded Seller Jade Star Ents LIc
5596 S Lansing Way
Englewood,CO 80111
True Seller: Five Star Collision Center,Inc.
Sale Date: 05/28/2009 Bldg Type: Auto Repair
Sale Price: $108,627-Confirmed Year Built/Age: Built 1989 Age:20
Price/SF: $9.47 GLA: 11,468 SF
Pro Forma Cap: - Zoning: RC
Parcel No: 1719-16-2-14-007
Financing: Down payment of$0(0.0%)
Comp ID: 1721630 — Research Status: Confirmed
9 16380 E Arapahoe Rd -BLDG Ill-FireStone Tires SOLD
Foxfield,CO 80016 Arapahoe County
Recorded Buyer: Evelyn M Cunha Recorded Seller: Westpac Realty Fund XVI,LLC
1301 Elder 5670 Greenwood Plaza Blvd ``
Menlo Park,CA 94025 Greenwood Village,CO 80111 , x
(650)325-9928 (720)529-2840
True Seller: Westpac Realty Fund XVI,LLC ;R 1
Sale Date: 12/26/2008 Bldg Type: Auto Repair
Sale Price: $2,732,000-Confirmed Year BuiltAge: Built 2007 Age: 1
Price/SF: $335.50 GLA: 8,143 SF
Pro Forma Cap: - Zoning: -
Actual Cap Rate: 6.32% Sale Conditions: Investment Triple Net
Parcel No: 2073-29-1-08-003
Financing: Down payment of$2,732,000(100.0%)
Comp ID: 1630663 — Research Status: Confirmed
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poer and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poet 8 Company-126089. Page 3
AUTOMOTIVE RELATED RETAIL
10 18431 E Hampden Ave- Big O Tires SOLD
Aurora,CO 80013 Arapahoe County
Recorded Buyer Elpida LLC Recorded Seller Douglass,Bob&Nancy
5765 S Ivy St 16708 E Smokey Hill Rd •
Greenwood Village,CO 80111 Aurora,CO 80015
(303)693-2850 ) '�
True Seller Douglass,Bob&Nancy
vn IIY `' y.t,:ry
Sale Date: 06/0112009(147 days on mkt) Bldg Type: Auto Repair
Sale Price: $1,250,000-Confirmed Year Built/Age. Built 1999 Age: 10
Price/SF: $236.74 GLA: 5,280 SF
Pro Forma Cap: - Zoning: RZCOM
Actual Cap Rate: 8.75% Sale Conditions: -
Parcel No: 1975.334.14-001
Financing: $900,000 from Westerra Cu
Comp ID: 1713218 — Research Status: Confirmed
11 4815 S Broadway- Former Discount Tire SOLD
Englewood,CO 80113 Arapahoe County
Recorded Buyer: The Lumberyards Development Recorded Seller: The Allan E Pezoldt Estate
LLC
1724 S Broadway
Denver,CO 80210
Sale Date: 01111/2008(266 days on mkt) Bldg Type: Auto Repair
Sale Price: $650,000-Full Value Year BuilVAge: Built 1976 Age:32
Price/SF: $159.24 GLA: 4,082 SF
Parcel No: 2077-10-3.00.024
Financing: -
Comp ID: 1473123 — Research Status: Full Value
12 15035 E Hinsdale Dr-Bldg B SOLD
Centennial,CO 80112 Arapahoe County
Recorded Buyer: Hot Shots Automotive Inc Recorded Seller: Jorden-21 LLC
74368 Eagle St 7347 S Revere Pky
Centennial,CO 80112 Centennial,CO 80112
(303)356-8314
- .Ww,
Sale Date: 09/06/2007(412 days on mkt) Bldg Type: Auto Repair
Sale Price: $651,456-Confirmed Year Built/Age: Built 2006 Age:1
Price/SF: $156.00 GLA: 4,176 SF
Pro Forma Cap: - Zoning: MU-PUD
Parcel No: 2073-304-17-002
Financing: Down payment of$277,156(42.5%);$374,300 from Compass Bank
Comp ID: 1397635 — Research Status: Confirmed
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poer and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poer 8 Company-126089.
Page 4
AUTOMOTIVE RELATED RETAIL
13 4450-4454 S Broadway-Toy Auto Masters SOLD
Englewood,CO 80113 Arapahoe County
Recorded Buyer: JBD,LLC Recorded Seller: Craig R&Iris J Tyacke
3454 Soaring Eagle Ln 4450 S Broadway -
Castle Rock,CO 80109 Englewood,CO 80113 -'+"^" ',.z,
(303)781-6577
Buyer Contact: JBD,LLC Seller Contact: Craig R&Iris J Tyacke
Sale Date: 0513112007 Bldg Type: Auto Repair
Sale Price: $625,000-Full Value Year Built/Age: Built 1971 Age:36
Price/SF: $116.06 GLA: 5,385 SF
Parcel No: 2077-10-1-09-004,2077-10-1-09-025
Financing: Down payment of$125,002(20.0%);$499,998 from Us Bk National Assn
Comp ID: 1326486 — Research Status: Full Value
14 9230 E Colfax Ave SOLD
Aurora,CO 80010 Arapahoe County
Recorded Buyer: Ampon Sanitkhum Recorded Seller: Normax,LLC
9230 E Colfax Ave 7524 S Waco St te "
Aurora,CO 80010 Centennial,CO 80016
Seller Contact: Normax,LLC
Sale Date: 10/2612007 Bldg Type: Auto Repair
Sale Price: $450,000-Full Value Year Built/Age: Built 1968 Age:39
Price/SF: $97.83 GLA: 4,600 SF
Parcel No: 1973-03-2-05-014
Financing: Down payment of$67,500(15.0%);$382,500 from Interbay Fndg Llc
Comp ID: 1429905 — Research Status: Full Value
15 1200-1265 W Dartmouth Ave SOLD
Englewood,CO 80110 Arapahoe County
Recorded Buyer: Dartmouth Partners,LLC Recorded Seller: Cherry Street Partners LIc
4950 S Yosemite St 1707 E Center Dr
Centennial,CO 80111 Denver,CO 80209 s
(303)843-9608 (303)744-9961 a
True Seller: Cherry Street Partners LIc
Sale Date: 04/22/2011(70 days on mkt) Bldg Type: Auto Repair
Sale Price: $750,000-Confined Year Built/Age: Built 1994 Age: 17
Price/SF: $92.59 GLA: 8,100 SF
Pro Forma Cap: - Zoning: -
Actual Cap Rate: - Sale Conditions: High Vacancy Property,REO Sale
Parcel No: 1971-334-00-077
Financing: Down payment of$10,000(1.3%)
Comp ID: 2098634 — Research Status: Confirmed
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poer and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poer&Company-126889.
Page 5
AUTOMOTIVE RELATED RETAIL
16 2145 S Raritan St SOLD
Englewood,CO 80110 Arapahoe County
Recorded Buyer: H J Wanderer Recorded Seller: Ralph Vanderhorst
824 21st St 824 S 21st St
Denver,CO 80205 Denver,CO 80205 I —
Sale Date: 11/0112006 Bldg Type: Auto Repair
Sale Price: $329,900-Full Value Year Built/Age: Built 1958 Age:48
Price/SF: $82.47 GLA: 4,000 SF
Pro Forma Cap: - Zoning: 14
Parcel No: 1971.28-2.01.014
Financing: Down payment of$129,900(39.4%);$200,000 from Private Lender: 12.00%,:due in 9 yrs
Comp ID: 1176457 - Research Status: Full Value
17 4100 S Federal Blvd- DR Auto&Truck Repair SOLD
Englewood,CO 80110 Arapahoe County
Recorded Buyer Bergh Capital,LLC Recorded Seller Robert Murphy&Henry V.
4230 S Federal Blvd Marks,JR.
Sheridan,CO 80110 6410 W Jefferson PI ' ,,- , -
Lafayette,CO 80026
Buyer Contact: Bergh Capital,LLC
Sale Date: 05/0112007(105 days on mkt) Bldg Type: Auto Repair
Sale Price: $565,000-Confirmed Year Built/Age. Built 1985 Age:22
Price/SF: $80.71 GLA: 7,000 SF
Pro Forma Cap: - Zoning: D
Parcel No: 2077-05-4-00-011
Financing: Down payment of$200,321(35.5%);$364,679 from Firstbank of South Jeffco
Comp ID: 1298364 — Research Status: Confirmed
18 1408 Hecla Way SOLD
Lafayette,CO 80026 Boulder County
Recorded Buyer: Rose Properties LLC Recorded Seller: Carcolo#1,Ltd 'tA
13255 W Bluemound Rd 9111 Jollyville Rd
Brookfield,WI 53005 Austin,TX 78759
(262)786-8100 (512)346-7030 --- —
Seller Contact: Ross McIver ~.
Sale Date: 0210612006 Bldg Type: Auto Repair
Sale Price: $1,830,737-Full Value Year Built/Age: Built 2005 Age:1
Price/SF: $257.09 GLA: 7,121 SF
Parcel No: 1575040.75.002
Financing: Down payment of$549,737(30.0%);$1,281,000 from Lender Not available
Comp ID: 1102806 - Research Status: Full Value
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poer and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poer 8 Company-126089. Page 6
•
AUTOMOTIVE RELATED RETAIL
19 90 McCaslin Blvd SOLD
Superior,CO 80027 Boulder County
Recorded Buyer: Superior 128 LLC Recorded Seller: Lemon Baker,LLC
6911 S Yosemite St 7400 E Crestline Cir
Centennial,CO 80112 Greenwood Village,CO 80111
True Seller: Lemon Baker,LLC 11101—
Sale Date: 03/1212007 Bldg Type: Auto Repair Map Page:Pierson Graphics
Sale Price: $1,395,000-Confirmed Year Built/Age: Built 2005 Age: 1 Corp 160-F
Price/SF: $178.85 GLA: 7,800 SF
Pro Forma Cap: - Zoning: PD,Superior
Actual Cap Rate: - Sale Conditions: 1031 Exchange,Lease Option
Parcel No: 1575192-24-001
Financing: Down payment of$170,000(12.2%);$1,225,000 from UMB Bank Colorado
Comp ID: 1275334 — Research Status: Confirmed
20 326 3rd Ave SOLD
Longmont,CO 80501 Boulder County •
Recorded Buyer: 326 3rd Ave tic Recorded Seller: WRodriguez LLC
326 3rd Ave 1248 Fox Hill Dr
Longmont,CO 80501 Longmont,CO 80501 -
Buyer Contact: 326 3rd Ave Llc Seller Contact: Rodriguez Auto Body Shop
Sale Date: 03/1912008 Bldg Type: Auto Repair
Sale Price: $550,000-Full Value Year Built/Age: Built 1975 Age:33
Price/SF: $77.79 GLA: 7,070 SF
Pro Forma Cap: - Zoning: M2,Longmont
Parcel No: 1315034-09.004
Financing: Down payment of$32,500(5.9%);$27,500 from US Bank$492,000 from US Bank
Comp ID: 1507471 — Research Status: Full Value
21 704 Main St-Goodyear Tires SOLD
Longmont,CO 80502 Boulder County
Recorded Buyer: Lwrd LIc Recorded Seller: Bank of Choice
2057 Vermont Dr (303)422-1441 •
Fort Collins,CO 80525
(970)493-0574 - a
•
a • =.1
True Buyer: Mister Money USA,Inc. True Seller: Bank of Choice -
Sale Date: 0912812010(818 days on mkt) Bldg Type: Auto Repair
Sale Price: $450,000-Confirmed Year Built/Age: Built 1939 Age:71
Price/SF: $73.77 GLA: 6,100 SF
Pro Forma Cap: - Zoning: Commercial
Actual Cap Rate: - Sale Conditions: Deferred Maintenance
Parcel No: 1315031-07-009
Financing: $410,000 from Great Western Bank
Comp ID: 1987425 - Research Status: Confirmed
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Peer and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Peer&Company-126089. Page 7
AUTOMOTIVE RELATED RETAIL
22 1126 Kimbark St SOLD
Longmont,CO 80501 Boulder County
Recorded Buyer: Realty Income Corp Recorded Seller: Auto Glass Realty Corp.
P.O.Box 460069 2400 Famers Dr
Escondido,CA 92046 Columbus,OH 43235
(614)210-9000 _
True Buyer: Realty Income Corporation Seller Contact: Auto Glass Realty Corp. p e rat_ 4
1V6i1'm....
Sale Date: 09/0412007 Bldg Type: Auto Repair
Sale Price: $247,200-Full Value Year Built/Age: Built 1980 Age:27
Price/SF: $54.93 GLA: 4,500 SF
Pro Forma Cap: - Zoning: CM,Longmont
Parcel No: 1205344-39-003
Financing: -
Comp ID: 1468985 — Research Status: Full Value
23 2007 W Midway Blvd-Colorado Collison Repair - SOLD
Broomfield,CO 80020 Broomfield County
Recorded Buyer: Tada Three Ltd Recorded Seller: Mcmahan Helen
8464 Parfet Ct
Arvada,CO 80005
•
Sale Date: 10111/2007 Bldg Type: Auto Repair
Sale Price: $550,000-Full Value Year Built/Age: Built 1973 Age:34
Price/SF: $94.83 GLA: 5,800 SF
Pro Forma Cap: - Zoning: 1-2
Parcel No: 1575.34-1.07.004
Financing: $536,097 from Private Lender
Comp ID: 1419717 - Research Status: Full Value
24 2007 Broadway-Goodyear SOLD
Denver,CO 80203 Denver County
•
Recorded Buyer: Broadway Street Investors LLC Recorded Seller: 2007 Broadway LLC --A
7400 Crestline Cir 950 17th St _ ^+
Greenwood Village,CO 80111 Denver,CO 80202 l + = son-
(303)773-1442 (303)585-4387
Sale Date: 12109/2008(61 days on mkt) Bldg Type: Auto Repair
Sale Price: $1,412,000-Confirmed Year Built/Age: Built 1969 Age:39
Price/SF: $208.11 GLA: 6,785 SF
Pro Forma Cap: - Zoning: B-8,Denver
Actual Cap Rate: 7.00% Sale Conditions: -
Parcel No: 234241-020
Financing: Down payment of$494,200(35.0%);$917,800 from Firstbank Colorado
Comp ID: 1622621 — Research Status: Confirmed
SALES HAVE NOT BEEN VERIFIED BY Marvin E Poe and Company 61312011
This copyrighted report contains research licensed to Marvin F.Poer 8 Company-126089. Page 8
AUTOMOTIVE RELATED RETAIL
25 5405-5455 E Colfax Ave -Big O Tires SOLD
Denver,CO 80220 Denver County
Recorded Buyer: Lai Fong Chao Recorded Seller: Diehl 8 Associates,LLC •
7482 N Depew St 4398 W Hindsdale Ave —.
Arvada,CO 80003 Littleton,CO 80128 _ S
(303)650-1212 (303)904-6635
Seller Contact: Frank Diehl
Map Page:Pierson Graphics
Corp 285-H
Sale Date: 06/20/2006(120 days on mkt) Bldg Type: Auto Repair
Sale Price: $1,065,000-Confirmed Year Built/Age: Built 1972 Age:34
Price/SF: $146.67 GLA: 7,261 SF
Pro Forma Cap: - Zoning: 8.4,Denver
Actual Cap Rate: 7.40% Sale Conditions: 1031 Exchange,Investment Triple Net
Parcel No: 1314-29-040
Financing: Down payment of$715,000(67.1%);$350,000 from First Bank of Arvada
Comp ID: 1133576 - Research Status: Confirmed
26 4011 W 38th Ave- Mike's Auto Body SOLD
Denver,CO 80212 Denver County
Recorded Buyer: Glh Properties Lie Recorded Seller: Md Properties Llc r ,j
2440 W Evans Ave
Denver,CO 80219 °Y
True Seller: Mitch Salankey - - --_ -
Map Page:Pierson Graphics
Sale Date: 09/03/2010 Bldg Type: Auto Repair Corp 53-H
Sale Price: $800,000-Full Value Year Built/Age: Built 1931 Age:79
Price/SF: $133.20 GLA: 6,006 SF
Pro Forma Cap: - Zoning: B-2,Denver
Parcel No: 2194-25-010
Financing: $838,000 from Wells Fargo Bk
Comp ID: 1984353 - Research Status: Full Value
27 4055E Evans Ave SOLD
Denver,CO 80222 Denver County
Recorded Buyer: Realty Income Corporation Recorded Seller: Auto Glass Realty Corp.
600 La Terraza Blvd 2400 Famers Dr =.rr
Escondido,CA 92025 Columbus,OH 43235 j 4p __
(760)741-2111 (614)210-9000 .r
True Seller: Auto Glass Realty Corp.
Sale Date: 09/0412007 Bldg Type: Auto Repair
Sale Price: $676,200-Full Value Year Built/Age: Built 1962 Age:45
Price/SF: $111.14 GLA: 6,084 SF
Pro Forma Cap: - Zoning: 84
Parcel No: 6302-18-009,6302-18-017
Financing:
Comp ID: 1469067 - Research Status: Full Value
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Pcer and Company 61312011
This copyrighted report contains research licensed to Marvin F.Poer 8 Company-126089.
Page 9
AUTOMOTIVE RELATED RETAIL
28 2465 W Evans Ave SOLD
Denver,CO 80219 Denver County
Recorded Buyer: Real Estate Entities,LLC Recorded Seller: Commercial Investors Realty rt — p;;tt.G,,
1912NTaft Ave 1298S Santa Fe Dr
Loveland,CO 80538 Denver,CO 80223 g "
(970)669-7000 (303)733-4607
Seller Contact: William P Vassil
Map Page:Mapsco 313-M
Sale Date: 07/11/2006(150 days on mkt) Bldg Type: Auto Repair
Sale Price: $725,000-Confirmed Year Built/Age: Built 2000 Age:6
Price/SF: $92.52 GLA: 7,836 SF
Pro Forma Cap: - Zoning: B-4,Denver
Actual Cap Rate: 8.00% Sale Conditions: 1031 Exchange,Investment Triple Net
Parcel No: 5291-07-026
Financing: Down payment of$225,000(31.0%);$500,000 from Guaranty Bank&Trust
Comp ID: 1141819 — Research Status: Confirmed
29 702 S Monaco Pky-Foreign Auto Body SOLD
Denver,CO 80224 Denver County
Recorded Buyer: The Body Shop Recorded Seller: Richard M&Rosa L Mustard
702 S Monado Pky 10690 Progress Ave Denver,CO 80224 Littleton,CO 80127
True Seller: Richard M&Rosa L Mustard
Sale Date: 11/18/2010(1133 days on mkt) Bldg Type: Auto Repair
Sale Price: $430,000-Confirmed Year Built/Age: Built 1971 Renov 2011 Age:39
Price/SF: $71.67 GLA: 6,000 SF
Pro Forma Cap: - Zoning: B-4
Parcel No: 6174-07-043
Financing: $404,100 from Key Bank
Comp ID: 2007741 - Research Status: Confirmed
30 2330 W 11th Ave-Jerome Park SOLD
Denver,CO 80204 Denver County
Recorded Buyer: Norman Wright Recorded Seller: Loomis Fargo&Co
2323 W Mulberry PI 2500 Citywest Blvd
Denver,CO 80204 Houston,TX 77042
True Seller: Loomis Armored US Inc a.
Sale Date: 06/05/2007 Bldg Type: Auto Repair
Sale Price: $606,165-Full Value Year Built/Age: Built 1969 Age:38
Price/SF: $70.22 GLA: 8,632 SF
Pro Forma Cap: - Zoning: 1.2
Parcel No: 5043-13-017
Financing: -
Comp ID: 1340422 — Research Status: Full Value
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poer and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poer&Company-126089. Page 10
AUTOMOTIVE RELATED RETAIL
31 1100 W Evans Ave SOLD
Denver,CO 80223 Denver County
Recorded Buyer: KLS,LLC Recorded Seller: Azadegan Reza Syeedmo&Ali A
3663 Charles Page Blvd 1100 Evans Ave
Tulsa,OK 74127 Denver,CO 80223
Buyer Contact Unique Properties,LLC-TCN True Seller Azadegan Reza Syeedmo&Ali A triiilp I6i{ . .:-
Worldwide )I;N r, •
*u8'-?
Sale Date: 10/16/2009(280 days on mkt) Bldg Type: Auto Repair
Sale Price: $475,000-Confirmed Year Built/Age: Built 1971 Age:38
Price/SF: $46.52 GLA: 10,210 SF
Pro Forma Cap: - Zoning: I1
Actual Cap Rate: - Sale Conditions: Deferred Maintenance
Parcel No: 5281.15-001
Financing: -
Comp ID: 1805456 — Research Status: Confirmed
32 9991 Twenty Mile Rd -Jiffy Lube SOLD
Parker,CO 80134 Douglas County
Recorded Buyer: Twenty Mile Road Investment Recorded Seller: Carcolo#1,Ltd
LLC 9111 Jollyville Rd
16727 SE 35th St Austin,TX 78759
Bellevue,WA 98008 (512)346-7030 -
(425)746-6401
Buyer Contact: Paracorp of California Inc Seller Contact: Commerce Automotive Realty Inc
G.P.
Map Page:Mapsco 409-F
Sale Date: 09/1112006(60 days on mkt) Bldg Type: Auto Repair
Sale Price: $1,815,000-Confirmed Year Built/Age: Built 2006
Price/SF: $435.77 GLA: 4,165 SF
Pro Forma Cap: - Zoning: PD,parker
Actual Cap Rate: 7.00% Sale Conditions: 1031 Exchange
Parcel No: 2233-161.04-007
Financing: Down payment of$975,000(53.7%);$840,000 from Standard Insurance:due in 10 yrs
Comp ID: 1158427 - Research Status: Confirmed
33 5916 Stetson Hills Blvd -Firestone SOLD
Colorado Springs,CO 80922 El Paso County
Recorded Buyer: 2000 Ogden Family Trust Recorded Seller: 5916 Stetson Hills Boulevard,LLC
1535 J St 1535 J St
Modesto,CA 95354 Modesto,CA 95354
(209)524-4466 (209)524-4466
Recorded Buyer: Genesis Family Enterprises,Inc Recorded Seller: -
1535 J St
Modesto,CA 95354
(209)524-4466
Buyer Contact: Genisis Family Enterprises,Inc. Seller Contact: 5916 Stetson Hills Boulevard,LLC
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poer and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poer 6 Company-126089. Page 11
AUTOMOTIVE RELATED RETAIL
Sale Date: 0911512006 Bldg Type: Auto Repair
Sale Price: $2,520,000-Confirmed Year Built/Age: Built 2006
Price/SF: $311.26 RBA: 8,096 SF
Pro Forma Cap: 6.74% Zoning: PBC
Actual Cap Rate: - Sale Conditions: Double Escrow
Parcel No: 53183-19-013
Financing: Down payment of$920,000(36.5%);$1,400,000 from Boston Mutual Life Insurance:due in 25 yrs
Comp ID: 1158405 — Research Status: Confirmed
34 5916 Stetson Hills Blvd -Firestone SOLD
Colorado Springs,CO 80922 El Paso County
Recorded Buyer: 5916 Stetson Hills Boulevard, Recorded Seller: Colorado Springs Retail Partners, _ -,
LLC LP n uI
1535 J St 5300 Town&Country Blvd
Modesto,CA 95354 Frisco,TX 75034 - "-
(209)524-4466 (972)335-3380
Buyer Contact: 5916 Stetson Hills Boulevard, Seller Contact: Colorado Springs Retail Partners,
LLC LP
Sale Date: 09/0812006 Bldg Type: Auto Repair
Sale Price: $2,030,000-Confirmed Year Built/Age: Built 2006
Price/SF: $250.74 GLA: 8,096 SF
Pro Forma Cap: - Zoning: PBC
Actual Cap Rate: 8.40% Sale Conditions: Double Escrow
Parcel No: 53183-19-013
Financing: Lender Not available
Comp ID: 1157796 — Research Status: Confirmed
35 6440 N Union Blvd -Auto Zone SOLD
Colorado Springs,CO 80918 El Paso County
Recorded Buyer: Frank R Curcio Trust&Diana Recorded Seller: JMO Development LP
Lynn Curcio Trust 32 S Lakeshore Dr
22900 Burton St Ransom Canyon,TX 79366 --- y .3 Y
West Hills,CA 91304
«..,.. �..
True Buyer: Frank Curcio True Seller: James Odom
Sale Date: 06/13/2008 Bldg Type: Auto Repair
Sale Price: $1,575,000-Full Value Year Built/Age: Built 2007 Age:1
Price/SF: $236.49 GLA: 6,660 SF
Pro Forma Cap: - Zoning: PBC
Parcel No: 63161-15-023
Financing: Down payment of$700,000(44.4%);$875,000 from Private Lender
Comp ID: 1545080 — Research Status: Full Value
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Peer and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Peer&Company-126089. Page 12
AUTOMOTIVE RELATED RETAIL
36 210 S 8th St-Courtesy Automotive SOLD
Colorado Springs,CO 80905 El Paso County `!^ '
Recorded Buyer: Kurtz Enterprises,LLC Recorded Seller: J And S Properties,LLC
8550 Velvet Antler 210 S 8th St sir-1
Peyton,CO 80831 Colorado Springs,CO 80905 z '.
(719)475-2641 r_--
Buyer Contact: Kurtz Enterprises,LLC Seller Contact: J And S Properties,LLC i ®
Sale Date: 03/20/2007 Bldg Type: Auto Repair
Sale Price: $920,000-Confirmed Year Built/Age: Built 2001 Age:6
Price/SF: $222.38 GLA: 4,137 SF
Pro Forma Cap: - Zoning: C5
Parcel No: 74131-35-008
Financing:
Comp ID: 1288465 - Research Status: Confirmed
37 2255 La Montana Way SOLD
Colorado Springs,CO 80918 El Paso County
Recorded Buyer: La Montana Llc Recorded Seller: North Academy Auto Plaza Llc
863 Collins Rd
Colorado Springs,CO 80920 - —
True Buyer: Mohsen Bagherian True Seller: Ali Jafari
y
Sale Date: 02/24/2010 Bldg Type: Auto Repair
Sale Price: $1,000,000-Confirmed Year Built/Age: Built 1983 Age:27
Price/SF: $197.04 GLA: 5,075 SF
Pro Forma Cap: - Zoning: -
Actual Cap Rate: - Sale Conditions: Estate/Probate Sale
Parcel No: 63212.11.005
Financing: Down payment of$1,000,000(100.0%);None
Comp ID: 1925616 - Research Status: Confirmed
38 3610 Austin Bluffs Pky-Goodyear Tires SOLD
Colorado Springs,CO 80918 El Paso County
Recorded Buyer: Park Vista Pacific LP Recorded Seller: Marketplace At Bluffs Investment
2525 Camino Del Rio S LLC
San Diego,CA 92108 10375 Park Meadows Dr
(619)220-6020 Lone Tree,CO 80124
(303)865-8840
Buyer Contact: Park Vista Pacific LP Seller Contact: Marketplace At Bluffs Investment
LLC
Sale Date: 12/11/2006(214 days on mkt) Bldg Type: Auto Repair
Sale Price: $1,560,000-Confirmed Year Built/Age: Built 1974 Age:32
Price/SF: $195.00 GLA: 8,000 SF
Pro Forma Cap: - Zoning: PBC
Parcel No: -
Financing: -
Comp ID: 1218438 — Research Status: Confirmed
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poor and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poor&company-126089. Page 13
AUTOMOTIVE RELATED RETAIL
39 7005 Austin Bluffs Pky-Grease Monkey SOLD
Colorado Springs,CO 80918 El Paso County
Recorded Buyer Utsler Real Estate Investment Recorded Seller Wells Fargo Bank,National •
.,
LLC Association
7100 E Belleview Ave 101 N Phillips Ave • _ - -
Greenwood Village,CO 80111 Sioux Falls,SO 57104 1r '
(720)493-8779 (605)575-6900
True Buyer: Grease Monkey International, True Seller: Wells Fargo,N.A.
Inc _..
Sale Date: 10/03/2008(24 days on mkt) Bldg Type: Auto Repair
Sale Price: $825,000-Confirmed Year Built/Age: Built 2004 Age:4
Price/SF: $189.83 GLA: 4,346 SF
Pro Forma Cap: - Zoning: PBC
Parcel No: 63114-13-004
Financing: -
Comp ID: 1600094 - Research Status: Confirmed
40 1015 Valley St SOLD
Colorado Springs,CO 80915 El Paso County
Recorded Buyer: Galley/Valley,LLC Recorded Seller: Terry L Breese
6031 Galley Rd _ L.-
Colorado Springs,CO 80901 •
True Buyer: Summit Commercial Flooring True Seller: Terry L Breese
Sale Date: 03104(2011 Bldg Type: Auto Repair
Sale Price: $900,000-Confirmed Year Built/Age: Built 2001 Age:10
Price/SF: $90.00 GLA: 10,000 SF
Pro Forma Cap: - Zoning: 1-2
Parcel No: 54072-02-012
Financing: Down payment of$300,000(33.3%);$600,000 from private
Comp ID: 2073475 — Research Status: Confirmed
41 3715 E St Vrain St SOLD
Colorado Springs,CO 80909 El Paso County
Recorded Buyer: Whan Gil Kim Recorded Seller: Team Body Shop Properties,LLC
2690 Delta Dr P.O.Box 15000
Colorado Springs,CO 80910 Colorado Springs,CO 80935
(719)596-3040
True Buyer: Whan Gil Kim True Seller: Al Serra Chevrolet-South
Sale Date: 12131(2008(267 days on mkt) Bldg Type: Auto Repair
Sale Price: $327,000-Confirmed Year Built/Age: Built 1983 Age:25
Price/SF: $76.62 GLA: 4,268 SF
Pro Forma Cap: - Zoning: C6
Parcel No: 64151-13-006
Financing: $351,000 from Legacy Bk:3.00%,;SBA loan type
Comp ID: 1631172 - Research Status: Confirmed
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Pow and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poer 8 Company-126089.
Page 14
AUTOMOTIVE RELATED RETAIL
42 2625 E Platte PI SOLD
Colorado Springs,CO 80909 El Paso County _
Recorded Buyer: Hopper Properties LIc Recorded Seller: Wells Fargo Bk _
444
4349 E Platte Ave
Colorado Springs,CO 80915
True Buyer Hopper Properties LIc True Seller: Wells Fargo Bk
Sale Date: 01/05/2010(287 days on mkt) Bldg Type: Auto Repair
Sale Price: $325,000-Confirmed Year Built/Age: Built 1982 Age:28
Price/SF: $70.65 GLA: 4,600 SF
Pro Forma Cap: - Zoning: C6
Actual Cap Rate: - Sale Conditions: REO Sale
Parcel No: 64161-16-080
Financing: Down payment of$25,943(8.0%);$299,057 from Pikes Peak Nat'l Bk
Comp ID: 1861569 - Research Status: Confirmed
43 15230 W 64th Ave -Jiffy Lube SOLD
Golden,CO 80403 Jefferson County
Recorded Buyer: Rose Properties LLC Recorded Seller: Carcolo#1,Ltd
13255 W Bluemound Rd 9111 Jollyville Rd ,
Brookfield,WI 53005 Austin,TX 78759
(262)786-8100 (512)346-7030
True Buyer Rose Properties LLC Seller Contact: Ross J Mclver,VP ----- ---
Map Page:Mapsco 220-X
Sale Date: 08/03/2006(30 days on mkt) Bldg Type: Auto Repair
Sale Price: $1,687,234-Confirmed Year Built/Age: Built 2006
Price/SF: $408.73 GLA: 4,128 SF
Pro Forma Cap: - Zoning: PUD,Arvada
Actual Cap Rate: 7.05% Sale Conditions: 1031 Exchange,Investment Triple Net
Parcel No: 30-121-06-017
Financing: Lender Not available
Comp ID: 1145191 — Research Status: Confirmed
44 9875 W Remington PI- Big-O-Tires & Grease Monkey SOLD
Littleton,CO 80128 Jefferson County
Recorded Buyer: Johnson Investments Inc Recorded Seller: Sunlight Mesa Lllp
126 W Harvard St •
Fort Collins,CO 80525
Recorded Buyer: Telesto Solutions,Inc. Recorded Seller: Sunlight Mesa LLLP
217 Racquette Dr 5233 Capri PI
Fort Collins,CO 80524 Littleton,CO 80123
(970)484-7704 (303)797-8071
True Buyer: Telesto Solutions,Inc. True Seller: Sunlight Mesa LLLP
217 Racquette Dr 5233 Capri PI
Fort Collins,CO 80524 Littleton,CO 80123
(970)484-7704 (303)797-8071
Tim,dh„ eler 1AFlliom r.Aillor
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poer and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poer&Company-126069. Page 15
AUTOMOTIVE RELATED RETAIL
T;,,,-46.,1Jmle. IAlllll..m A.10Ie.
Sale Date: 05123/2008(66 days on mkt) Bldg Type: Auto Repair
Sale Price: $3,400,000-Confirmed Year Built/Age: Built 2002 Age:6
Price/SF: $391.16 RBA: &692 SF
Pro Forma Cap: 7.35% Zoning: PD
Actual Cap Rate: 7.25% Sale Conditions: 1031 Exchange,Sale Leaseback
Parcel No: 69-032-03-008
Financing: Down payment of$750,000(22.1%);$2,550,000 from United Wstrn Bk$2,650,000 from Larimer Bank Commerce
Comp ID: 1535441 - Research Status: Confirmed
45 11048 W Jewell Ave- Heritage West Shopping Center SOLD
Denver,CO 80227 Jefferson County
Recorded Buyer: Tamburelli Tire Recorded Seller: Robert M&Joan M Mager
11048 W Jewell Ave _ SY4
Lakewood,CO 80232
M
— ' = `'
True Buyer: Tamburelli Tire LLC True Seller: Colorado Car Care Center Inc
Sale Date: 06/2412010 Bldg Type: Auto Repair
Sale Price: $1,592,500-Full Value Year Built/Age: Built 1995 Age:15
Price/SF: $306.54 GLA: 5,195 SF
Parcel No: 49-282-02-001
Financing: Down payment of$312,500(19.6%);$1,280,000 from Capitalsource Bank
Comp ID: 1941681 - Research Status: Full Value
46 7425 W 92nd Ave-Valvoline Instant Oil Change SOLD
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poer and Company 61312011
This copyrighted report contains research licensed to Marvin F.Poer&Company-126089. Page 16
AUTOMOTIVE RELATED RETAIL
Westminster,CO 80021 Jefferson County nr- f
Recorded Buyer: My Ventures,Inc. Recorded Seller: Talon Land Company LLC
a.1 ". .• — -
6 Blue Heron Dr 11397 Marshall Sty
Thornton,CO 80241 Westminster,CO 80020 1n '�"
(303)469-6073 (303)469-9444 . r"
..
True Buyer: My Ventures,Inc. True Seller: Steven R Spahn _
Sale Date: 0313012007(273 days on mkt) Bldg Type: Auto Repair
Sale Price: $1,100,000-Confirmed Year Built/Age: Built 2000 Age:7 }._4 ..1
Price/SF: $275.00 GLA: 4,000 SF
Pro Forma Cap: - Zoning: PUD
Parcel No: 29-231-07.017
Financing: Down payment of$1,100,000(100.0%);$1,350,000 from CIT Small Business Lending Corporation
Comp ID: 1285820 — Research Status: Confirmed
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Peer and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Peer&Company-126089. Page 17
AUTOMOTIVE RELATED RETAIL
47 29032 Crossroads Ln- Big O Tires SOLD
Evergreen,CO 80401 Jefferson County
Recorded Buyer: MMO LLC Recorded Seller: Big 0 Development,Inc
1495 Shavano Ct 1675 E Briarwood Ave
Evergreen,CO 80439 Centennial,CO 80112 a
True Buyer: MMO,LLC True Seller: Big 0 Development,Inc
Sale Date: 09/14/2007 Bldg Type: Auto Repair
Sale Price: $1,146,500-Confirmed Year Built/Age: Built 2001 Age:6
Price/SF: $212.75 GLA: 5,389 SF
Pro Forma Cap: - Zoning: Commercial
Actual Cap Rate: - Sale Conditions: Purchase By Tenant
Parcel No: 41-153-04-009
Financing: Down payment of$1,146,500(100.0%);$1,295,000 from Bank of the West
Comp ID: 1406812 — Research Status: Confirmed
48 8050 Chase Dr SOLD
Arvada,CO 80003 Jefferson County IPRecorded Buyer: TLA Enterprises LLC Recorded Seller: Ian R.Nestle I.
8050 Chase Dr 8050 Chase Dr 1
Arvada,CO 80003 Arvada,CO 80003
(303)426-6460
True Seller: Ian R.Hestia
Sale Date: 12/31/2007(193 days on mkt) Bldg Type: Auto Repair
Sale Price: $825,000-Confirmed Year Built/Age: Built 1974 Age:33
Price/SF: $137.50 GLA: 6,000 SF
Pro Forma Cap: - Zoning: B-2
Parcel No: 29-254-14-014
Financing: Down payment of$410,000(49.7%);$415,000 from Key Bank National Association
Comp ID: 1460211 - Research Status: Confirmed
49 3805 Wadsworth Blvd-Midas Auto Service Experts SOLD
Wheat Ridge,CO 80033 Jefferson County y �r r rk !
A Se /a
Recorded Buyer Jeffrey&Elizabeth Genuario Recorded Seller The Westland Family Bypass Trust -`r''3 +
7400 Winter Deny Ln 7180 Higher Ridges Ct "'
Castle Rock,CO 80108 Colorado Springs,CO 80919 •
(719)598-8546
Seller Contact: NI.W.Westland,Tr.
Map Page:Mapsco 252-T
Sale Date: 0311012006 Bldg Type: Auto Repair
Sale Price: $600,000-Full Value Year Built/Age. Built 1985 Age:21
Price/SF: $111.32 GLA: 5,390 SF
Pro Forma Cap: - Zoning: RC,Wheat Ridge
Parcel No: 39-233-00-047
Financing: Down payment of$20,000(3.3%);$580,000 from Private Lender:8.00%,:due in 30 yrs
Comp ID: 1107824 — Research Status: Full Value
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poer and Company 613/2011
This copyrighted report contains research licensed to Marvin F.Poer&Company-126089. Page 18
AUTOMOTIVE RELATED RETAIL
50 5745 Independence St SOLD
Arvada,CO 80002 Jefferson County
Recorded Buyer: Prairie Hawk Investments,Inc. Recorded Seller: Clear Creek National Bank
•
19193 E Geddes Ave 1546 Miner St
Centennial,CO 80016 Idaho Springs,CO 80452 III-+)� J..11:
(303)771-8273 (303)567-9700 >A
Map Page:Mapsco 251-H
Sale Date: 09/01/2006 Bldg Type: Auto Repair
Sale Price: $425,000-Full Value Year Built/Age: Built 1987 Age:19
Price/SF: $69.44 GLA: 6,120 SF
Pro Forma Cap: - Zoning: B-2,Arvada
Parcel No: 39.103-14-006
Financing: Lender Not available
Comp ID: 1153454 — Research Status: Full Value
51 3620 Manhattan Ave SOLD
Fort Collins,CO 80526 Larimer County
Recorded Buyer: Fox Ridge At Severance Llc Recorded Seller: Daniel R Berenth 1Yet
10 Po Box - .
Ott
Windsor,CO 80550
Recorded Buyer: - Recorded Seller: Talmanca Investments LLC
Buyer Contact: Fox Ridge at Severance LLC
Sale Date: 08101/2008 Bldg Type: Auto Repair
Sale Price: $350,000-Full Value Year Built/Age: Built 2006 Age:2
Price/SF: $168.76 RBA: 4,148 SF
Pro Forma Cap: - Zoning: C
Actual Cap Rate: - Sale Conditions: Partial Interest Transfer(50.00%)
Parcel No: 97351-81-002
Financing: -
Comp ID: 1571247 — Research Status: Full Value
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poer and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poer 8 Company-126089.
Page 19
AUTOMOTIVE RELATED RETAIL
52 3620 Manhattan Ave SOLD
Fort Collins,CO 80526 Larimer County
Recorded Buyer: Daniel R.Bernth Recorded Seller: Fox Ridge At Severance Llc
338 E PMinin,St u ,
Fort Collins,CO 80524 /
Sale Date: 12/28/2010 Bldg Type: Auto Repair
Sale Price: $262,500-Full Value Year Built/Age: Built 2006 Age:4
Price/SF: $126.57 GLA: 4,148 SF
Pro Forma Cap: - Zoning: C
Actual Cap Rate: - Sale Conditions: Partial Interest Transfer(50.00%)
Parcel No: 97351-81-002
Financing: Down payment of$262,500(100.0%)
Comp ID: 2033832 — Research Status: Full Value
53 827 S Lincoln Ave SOLD
Loveland,CO 80537 Larimer County
Recorded Buyer: R.A.R.Properties LLC Recorded Seller: Merritt W Davis
827 S Lincoln Ave 827 Lincoln Ave ✓ rr-'+!
Loveland,CO 80537 Loveland,CO 80537 •
Map Page:Pierson Graphics
Corp 112-JW46
Sale Date: 11/18/2010(16 days on mkt) Bldg Type: Auto Repair
Sale Price: $400,000-Confirmed Year Built/Age: Built 1981 Age:29
Price/SF: $80.00 GLA: 5,000 SF
Pro Forma Cap: - Zoning: B-Loveland
Parcel No: 95243-06-001
Financing: Down payment of$194,850(48.7%);$205,150 from Home State Bank
Comp ID: 2012233 - Research Status: Confirmed
54 1617 E Mulberry St SOLD
Fort Collins,CO 80524 Larimer County
Recorded Buyer: Brian&Janet R Mowery Recorded Seller: Hudek Family Living Trust
39671 Ridge Park Dr 8632 E Otero PI
Ault,CO 80610 Centennial,CO 80112
(970)674-8054 (303)799-0783
Seller Contact: Hudek Family Living Trust
Sale Date: 01103/2007 Bldg Type: Auto Repair
Sale Price: $918,500-Confirmed Year Built/Age: Built 1964 Age:43
Price/SF: $79.24 GLA: 11,591 SF
Pro Forma Cap: - Zoning: C
Parcel No: 87181-00-046
Financing: -
Comp ID: 1211663 - Research Status: Confirmed
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poer and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poer&Company-126089. Page 20
AUTOMOTIVE RELATED RETAIL
55 1021 S Lincoln Ave-Five Star Modifications SOLD
Loveland,CO 80537 Larimer County
Recorded Buyer: Robert&Holly Gabrielson Recorded Seller: John A&Donald W Whiteside
1021 S Lincoln Ave
Loveland,CO 80537 •
•
(970)669-3338
True Seller: John A&Donald W Whiteside
Sale Date: 12115/2008 Bldg Type: Auto Repair
Sale Price: $300,000-Full Value Year Built/Age: Built 1946 Renov 1959 Age:62
Price/SF: $62.83 GLA: 4,775 SF
Pro Forma Cap: - Zoning: Commercial
Parcel No: 95243-00-018
Financing: Down payment of$20,000(6.7%);$280,000 from Private Lender:7.00%,:due in 2 yrs;Short Term loan type
Comp ID: 1628052 - Research Status: Full Value
56 957 E Bailey Ln SOLD
Pueblo West,CO 81007 Pueblo County
Recorded Buyer: Griffin Loyal M Trust Recorded Seller: Jmo Dev
39 Peninsula Rd
Belvedere,CA 94920 - •.0" t
;Al id
Sale Date: 07/16/2009(223 days on mkt) Bldg Type: Auto Repair
Sale Price: $1,407,500-Confirmed Year Built/Age: Built 2008 Age: 1
Price/SF: $207.41 GLA: 6,786 SF
Pro Forma Cap: - Zoning: B4
Actual Cap Rate: 7.50% Sale Conditions: 1031 Exchange
Parcel No: 0-5-07-1-06-003
Financing: $225,000 from Us Bk National Assn
Comp ID: 1739488 — Research Status: Confirmed
57 880 Eagleridge Blvd SOLD
Pueblo,CO 81008 Pueblo County
Recorded Buyer: Blue Chip Holdings LLC Recorded Seller: Lehman Brothers Holdings Inc. ,z
71 N Magneto
Pueblo West,CO 81007
Sale Date: 0311412008(487 days on mkt) Bldg Type: Auto Repair
Sale Price: $800,000-Full Value Year Built/Age: Built 2002 Age:6
Price/SF: $105.99 GLA: 7,548 SF
Pro Forma Cap: - Zoning: B-3
Parcel No: 0.5-12-3-21-002
Financing: $330,000 from California Bank&Trust$412,500 from California Bank&Trust
Comp ID: 1500465 — Research Status: Full Value
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Peer and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Peer 8 Company-126089.
Page 21
AUTOMOTIVE RELATED RETAIL
58 2820 S 31st Ave SOLD
Greeley,CO 80631 Weld County
Recorded Buyer: Full Throttle Holdings Greeley Recorded Seller: Philip K 8 Grace M Nething _,r7
830 Pine Ridge Rd f.;.M1..
Golden,CO 80403
Sale Date: 08125/2009 Bldg Type: Auto Repair
Sale Price: $656,300-Confirmed Year Built/Age: Built 1981 Age:28
Price/SF: $129.29 GLA: 5,076 SF
Pro Forma Cap: - Zoning: C-H
Parcel No: 095924201041
Financing: Down payment of$65,675(10.0%);$590,625 from Seller
Comp ID: 1770262 — Research Status: Confirmed
59 1444 Vista View Dr SOLD
Longmont,CO 80504 Weld County
Recorded Buyer: 1444 Vista View LLC Recorded Seller: Mass Investments LLC
1324 State Highway 66 206 Mulligan Lake Dr
Longmont,CO 80504 Mead,CO 80542
Sale Date: 08115/2008 Bldg Type: Auto Repair
Sale Price: $800,000-Full Value Year Built/Age: Built 2004 Age:4
Price/SF: $116.55 GLA: 6,864 SF
Pro Forma Cap: - Zoning: PUDIC-3/1-1
Parcel No: 131308205009
Financing: Down payment of$200,000(25.0%);$600,000 from Firstbank
Comp ID: 1575304 - Research Status: Full Value
60 200 22nd St-High Tech Auto Plaza SOLD
Greeley,CO 80631 Weld County
Recorded Buyer Equity Associates LTD Recorded Seller Big Dog Enterprises LLC
200 22nd St 222 22nd St
Greeley,CO 80631 Greeley,CO 80631
As,
Sale Sale Date: 04/04/2007(40 days on mkt) Bldg Type: Auto Repair
Sale Price: $485,000-Confirmed Year Built/Age: Built 1999 Age:8
Price/SF: $64.45 GLA: 7,525 SF
Pro Forma Cap: - Zoning: I-M
Parcel No: 096117112018
Financing: -
Comp ID: 1300687 — Research Status: Confirmed
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poer and company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poer&Company-126089. Page 22
Quick Stats Report
Comps Statistics
Low Average Median High Count
Sale Price $108,627 $910,605 $666,250 $3,400,000 60
Center Size 4,000 SF 6,260 SF 6,000 SF 11,591 SF 60
Price per SF $9.47 $147.08 $116.31 $435.77 60
Actual Cap Rate 6.32% 7.34% 7.33% 8.75% 10
Days on Market 16 245 193 1,133 25
Sale Price to Asking Price Ratio 53.07% 83.56% 86.87% 98.55% 19
Totals
Sold Transactions Total Sales Volume: $54,636,319 Total Sales Transactions: 60
Survey Criteria
Location: Location method -State; State - Colorado
Basic Criteria: Sale Status-Sold, Under Contract; Property Type - Retail; Secondary Type-Auto Repair;
Sale Date- 1/1/2006- 5/1/2011; Total Building Size(SF)-4,000 - 12,000; -Include Public Record Comps
add/remove opportunities: -*This result set has been amended with criteria to add and/or remove
records.
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poer and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poer&Company-126089. Page 1
Quick Stats Report
Comps Statistics
Low Average Median High Count
Sale Price $108,627 $910,605 $666,250 $3,400,000 60
Center Size 4,000 SF 6,260 SF 6,000 SF 11,591 SF 60
Price per SF $9.47 $147.08 $116.31 $435.77 60
Actual Cap Rate 6.32% 7.34% 7.33% 8.75% 10
Days on Market 16 245 193 1,133 25
Sale Price to Asking Price Ratio 53.07% 83.56% 86.87% 98.55% 19
Totals
Sold Transactions Total Sales Volume: $54,636,319 Total Sales Transactions: 60
Survey Criteria
Location: Location method-State; State - Colorado
Basic Criteria: Sale Status- Sold, Under Contract; Property Type -Retail; Secondary Type-Auto Repair;
Sale Date - 1/1/2006- 5/1/2011; Total Building Size(SF)-4,000- 12,000; - Include Public Record Comps
add/remove opportunities: -*This result set has been amended with criteria to add and/or remove
records.
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poer and Company 613/2011
This copyrighted report contains research licensed to Marvin F.Poor 8,Company-126089. Page 1
Trend Report
Dollar Volume
$12
$11
$10
$9
$8
N
0
X
$7
ro
$6
O
C
$5
$4
$3
$2
$1
11106 2H06 1H07 2H07 1H08 2H08 1H09 2H09 11110 21110 11111
Report Time Frame: 01/01/2006-06/03/2011
Legend: •
LSale Date: 1/1/2006-5/1/2011
So.d
Current Survey Tradsae�WOB
Sold Transactions I Number of Transactions 60
Total Dollar Volume $54,636,319
Total Bldg Square Feet 375,625
Total Land in Acres 44.54
Total Land in SF 1,940,162
Average Price $910,605
Average Number of SF 6,260
Time Interval-SemiAnnual Average Price Per Bldg SF $147.08
Median Price Per SF $116.31
Average Number of Acres 0.77
Average Number of SF(Land) 33,451
Average Price Per Unit -
Median Price Per Unit -
Average Number of Units -
__ Actual Cap Rate _ 7.34%
Survey Criteria
Location: Location method-State; State -Colorado
Basic Criteria: Sale Status-Sold, Under Contract; Property Type - Retail; Secondary Type-Auto Repair;
Sale Date- 1/1/2006-5/1/2011; Total Building Size(SF) -4,000 - 12,000; - Include Public Record Comps
add/remove opportunities: -*This result set has been amended with criteria to add and/or remove
records.
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poor and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poer 8 Company-126089. Page 1
•
Trend Report
Average Price Per SF
$240
$220
$200
$180
tn
tn
a $160
$140
$120
$100
$80
1H06 21106 11107 2H07 1H08 2H08 11109 21109 11110 21110 11111
Report Time Frame: 01/01/2006-06/03/2011
Legend: Sale Date: 1/1/2006-5/1/2011
Sold : :
Transactions
Current Survey
Sold Transactions I Number of Transactions 60
Total Dollar Volume $54,636,319
Total Bldg Square Feet 375625
Total Land in Acres 44.54
Total Land in SF 1,940,162
Average Price $910,605
Average Number of SF 6,260
Time Interval-SemiAnnual Average Price Per Bldg SF $147.08
Median Price Per SF $116.31
Average Number of Acres 0.77
Average Number of SF(Land) 33,451
Average Price Per Unit -
Median Price Per Unit -
Average Number of Units -
Actual Cap Rate 7.34%
Survey Criteria - -
Location: Location method-State; State- Colorado
Basic Criteria: Sale Status-Sold, Under Contract; Property Type -Retail; Secondary Type-Auto Repair;
Sale Date- 1/1/2006-5/1/2011; Total Building Size(SF)-4,000- 12,000; - Include Public Record Comps
add/remove opportunities: -*This result set has been amended with criteria to add and/or remove
records.
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poet and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poer&Company-126089.
Page 2
Trend Report
Median Price Per SF
$240
$220
$200
$180
u) $160
0-
v
a $140
$120
$100
$80
$60 ■
1H06 2H06 1H07 21107 11108 2H08 11109 21109 11110 2H10 11111
Report Time Frame: 01/01/2006-06/03/2011
Legend: Sale Date: 1/1/2006-5/1/2011
Current Survey __. _ - ___ Transactions
Sold Transactions ' Number of Transactions 60
Total Dollar Volume $54,636,319
Total Bldg Square Feet 375,625
Total Land in Acres 44.54
Total Land in SF 1,940,162
Average Pdce $910,605
Average Number of SF 6,260
Time Interval-SemiAnnual Average Price Per Bldg SF $147.08
Median Price Per SF $116.31
Average Number of Acres 0.77
Average Number of SF(Land) 33,451
Average Price Per Unit -
Median Price Per Unit -
Average Number of Units -
_ Actual Ca Rate 7.34%
Survey Criteria
Location: Location method-State; State- Colorado
Basic Criteria: Sale Status- Sold, Under Contract; Property Type - Retail; Secondary Type-Auto Repair;
Sale Date- 1/1/2006-5/1/2011; Total Building Size(SF)-4,000 - 12,000; - Include Public Record Comps
add/remove opportunities: -*This result set has been amended with criteria to add and/or remove
records.
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poet and Company 61312011
This copyrighted report contains research licensed to Marvin F.Poer 8 Company-126089. Page 3
•
Trend Report
11-106 01/01-06/30/06 2H06 07/01-12/31/06 1H07 01/01-06/30/07 2H07 07/01-12/31/07
Sold Transaction Sold Transaction Sold Transaction Sold Transaction
Number of Transactions 4 8 9 8
Total Dollar Volume $4,145,737 $11,092,134 $7,059,665 $5,771,356
Total Bldg Square Feet 24,596 50,441 60,260 41,005
Total Land in Acres 1.14 4.74 11.53 5.42
Total Land in SF 49,658 206,474 502,247 236,095
Average Price $1,036,434 $1,386,517 $784,407 $721,420
Average Number of SF 6,149 6,305 6,696 5,126
Average Price Per Bldg SF $168.55 $219.90 $117.15 $140.75
Median Price Per SF $140.71 $222.87 $106.21 $124.32
Average Number of Acres 0.38 0.59 1.28 0.68
Average Number of SF(Land) 16,553 25,809 55,805 29,512
Average Price Per Unit - - - -
Median Price Per Unit - - - -
Average Number of Units - - - -
Actual Cap Rate 7.40% 7.58% - -
1H08 01/01-06/30/08 2H08 07/01-12/31/08 1H09 01/01-06/30/09 2H09 07/01-12/31/09
Sold Transaction Sold Transaction Sold Transaction'. Sold Transaction
Number of Transactions 5 8 3 3
Total Dollar Volume $6,975,000 $6,921,000 $2,008,627 $2,538,800
Total Bldg Square Feet 34,052 44,438 23,348 22,072
Total Land in Acres 3.97 5.23 2.04 2.77
Total Land in SF 172,933 227,819 88,862 120,661
Average Price $1,395,000 $865,125 - $669,542 $846,267
Average Number of SF 6,810 5,555 7,783 7,357
Average Price Per Bldg SF $204.83 $163.37 $86.03 $115.02
Median Price Per SF $159.24 $142.66 $98.48 $129.29
Average Number of Acres 0.79 0.65 0.68 0.92
Average Number of SF(Land) 34,587 28,477 29,621 40,220
Average Price Per Unit - - - -
Median Price Per Unit - - - -
Average Number of Units - - - -
Actual Cap Rate 7.25% 6.55% 8.75% 7.50%
1H11 11/r1-1.1311U 2H14 17/r1-12/31/1) 1H11 11111-1.113111 •
Sold Transaction ' Sold Transaction Sold Transaction
Number of Transactions 4 6 2
Total Dollar Volume $3,542,500 $2,931,500 $1,650,000
Total Bldg Square Feet 20,369 36,944 18,100
Total Land in Acres 2.44 3.22 2.04
Total Land in SF 106,286 140,263 88,862
Average Pace $885,625 $488,583 $825,000
Average Number of SF 5,092 6,157 9,050
Average Price Per Bldg SF $173.92 $84.07 $91.16
Median Price Per SF $155.35 $76.89 $91.30
Average Number of Acres 0.81 0.54 1.02
Average Number of SF(Land) 35,429 23,377 44,431
Average Price Per Unit - - -
Median Price Per Unit - - -
Average Number of Units .. - -
Actual Cap Rate - - -
SALES HAVE NOT BEEN VERIFIED BY Marvin F.Poor and Company 6/3/2011
This copyrighted report contains research licensed to Marvin F.Poor 8 Company-126089. Page 4
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