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Home My WebLink About20193133.tiffAugust 6, 2019 Petitioner: AUTOMOTIVE PROPERTIES ON 119 LLC 1415 VISTA VIEW DR LONGMONT, CO 80504-5243 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBS ITE: www.weldgov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-3133 Appeal 2008225013 Hearing 8/5/2019 Dear Petitioner: On the day indicated above, the Board of County Commissioners of Weld County Colorado convened and acting as the Board of Equalization, pursuant to C.R.S. §39-8-101 et seq., considered petition for appeal of the Weld County Assessor's valuation of your property described above, for the year 2019. Account # Decision The Assessment and valuation is set as follows: Actual Value as Actual Value as Set by Determined by Assessor Board R3978806 Stipulated - Approved Stipulated Value $5,161,030 $5,009,235 A denial of a petition, in whole or in part, by the Board of Equalization must be appealed within thirty (30) days of the date the denial is mailed to you. You must select only one of the following three (3) options for appeal: 1. Appeal to Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's decision to the Colorado Board of Assessment Appeals. A hearing before that Board will be the last time you may present testimony or exhibits or other evidence, or call witnesses in support of your valuation. If the decision of the Board of Assessment Appeals is further appealed to the Court of Appeals pursuant to C.R.S. §39-8-108(2), only the record of proceedings from your hearing before the Board of Assessment Appeals and your legal brief are filed with the appellate court. All appeals to the Board of Assessment Appeals filed after August 10, 2019, MUST comply with the following provisions of C.R.S. §39-8-107(5): (5)(a)(I) On and after August 10, 2019, in addition to any other requirements under law, any petitioner appealing either a valuation of rent -producing commercial real property to the Board of Assessment Appeals pursuant to C.R.S. §39-8-108(1) or a denial of an abatement of taxes pursuant to C.R.S. §39-10-114 shall provide to the County Board of Equalization or to the Board of County Commissioners of the County in the case of an abatement, and not to the Board of Assessment Appeals, the following information, if applicable: (A) Actual annual rental income for two full years including the base year for the relevant property tax year; (B) Tenant reimbursements for two full years including the base year for the relevant property tax year; (C) Itemized expenses for two full years including the base year for the relevant property tax year; and (D) Rent roll data, including the name of any tenants, the address, unit, or suite number of the subject property, lease start and end dates, option terms, base rent, square footage leased, and vacant space for two full years including the base year for the relevant property tax year. (II) The petitioner shall provide the information required by subparagraph (I) of this paragraph (a) within ninety days after the appeal has been filed with the Board of Assessment Appeals. (b)(I) The Assessor, the County Board of Equalization, or the Board of County Commissioners of the County, as applicable, shall, upon request made by the petitioner, provide to a petitioner who has filed an appeal with the Board of Assessment Appeals not more than ninety days after receipt of the petitioner's request, the following information: (A) All of the underlying data used by the county in calculating the value of the subject property that is being appealed, including the capitalization rate for such property; and (B) The names of any commercially available and copyrighted publications used in calculating the value of the subject property. (II) The party providing the information to the petitioner pursuant to subparagraph (I) of this paragraph (b) shall redact all confidential information contained therein. (c) If a petitioner fails to provide the information required by subparagraph (I) of paragraph (a) of this subsection (5) by the deadline specified in subparagraph (II) of said paragraph (a), the County may move the Board of Assessment Appeals to compel disclosure and to issue appropriate sanctions for noncompliance with such order. The motion may be made directly by the County Attorney and shall be accompanied by a certification that the County Assessor or the County Board of Equalization has in good faith conferred or attempted to confer with such petitioner in an effort to obtain the information without action by the Board of Assessment Appeals. If an order compelling disclosure is issued under this paragraph (c) and the petitioner fails to comply with such order, the Board of Assessment Appeals may make such orders in regard to the noncompliance as are just and reasonable under the circumstances, including an order dismissing the action or the entry of a judgment by default against the petitioner. Interest due the taxpayer shall cease to accrue as of the date the order compelling disclosure is issued, and the accrual of interest shall resume as of the date the contested information has been provided by the taxpayer. Appeals to the Board of Assessment Appeals must be made on forms furnished by that Board, and must be mailed or delivered within thirty (30) days of the date the denial by the Board of Equalization is mailed to you. The address and telephone number of the Board of Assessment Appeals are: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, Colorado 80203 Telephone Number: (303) 864-7710 Email: baa@state.co.us Fees for Appeal to the Board of Assessment Appeals: A taxpayer representing himself is not charged for the first two (2) appeals to the Board of Assessment Appeals. A taxpayer represented by an attorney or agent must pay a fee of $101.25 per appeal. OR 2. Appeal to District Court: You have the right to appeal the decision of the Board of Equalization to the District Court of the county wherein your property is located: in this case that is Weld County District Court. A hearing before The District Court will be the last time you may present testimony or exhibits or other evidence, or call witnesses in support of your valuation. If the decision of the District Court is further appealed to the Court of Appeals pursuant to C.R.S. §39-8-108(1), the rules of Colorado appellate review and C.R.S. §24-4-106(9), govern the process. OR 3. Binding Arbitration: You have the right to submit your case to binding arbitration. If you choose this option, the arbitrator's decision is final and you have no further right to appeal your current valuation. C.R.S. §39-8-108.5 governs this process. The arbitration process involves the following: a. Select an Arbitrator: You must notify the Board of Equalization that you will pursue arbitration. You and the Board of Equalization will select an arbitrator from the official list of qualified people. If you cannot agree on an arbitrator, the District Court of the county in which the property is located (i.e. Weld) will select the arbitrator. b. Arbitration Hearing Procedure: Arbitration hearings are held within sixty (60) days from the date the arbitrator is selected, and are set by the arbitrator. Both you and the Board of Equalization are entitled to participate in the hearing. The hearing is informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records documents and other evidence pertaining to the value of the property. The arbitrator also has the authority to administer oaths, and determine all questions of law and fact presented to him. The arbitration hearing may be confidential and closed to the public if you and the Board of Equalization agree. The arbitrator's decision must be delivered personally or by registered mail within ten (10) days of the arbitration hearing. c. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the Board of Equalization. In the case of residential real property, the fess may not exceed $150.00 per case. For cases other than residential real property, the arbitrator's total fees and expenses are agreed to by you and Board of Equalization, but are paid by the parties as ordered by the arbitrator. If you have questions concerning the above information, please call me at (970) 400-4226. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Weld County Assessor COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number R3978806 STIPULATION (As To Tax Year 2019 Actual Value) RE PETITION OF : NAME: ADDRESS: AUTOMOTIVE PROPERTIES ON 119 LLC 1415 VISTA VIEW DR LONGMONT, CO 80504-5243 Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation regarding the tax year 2019 valuation of the subject property, and jointly move the Board of Equalization to enter its order based on this Stipulation. Petitioner (s) and Assessor agree and stipulate as follows: 1. The property subject to this Stipulation is described as: 2VCC L8-12 BLK4 2ND CORR VISTA COMMERCIAL CENTER FG #2 1415 VISTA VIEW DR, WELD 2. The subject property is classified as COMMERCIAL property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2019 : Total $5,161,030 4. After further review and negotiation, Petitioner (s) and Weld County Assessor agree to the following tax year2019 actual value for the subject property: Total $5,009,235 5. The valuation, as established above, shall be binding only with respect to tax year2019 6. Brief narrative as to why the reduction was made: Further review of all approaches to value indicated an adjustment. 7. Both parties agree that: FA The hearing scheduled before the Board of Equalization on 8/02/2019 at 1:30 pm be vacated. A hearing has not yet been scheduled before the Board of Equalization. 1 33k33 ASOL03 DATED this 24th Chris Ruff Chris Ruff !Jul 25, 20191 day of July Petitioner(s) or Agent or Attorney Address: PO Box 99 Windsor CO 80550 Windsor CO 80550 Telephone: 970-674-1313 Docket Number R3978806 Sti p-1. Frm 2019 tifamm- 141 (Assistant) County Attorney for Respondent, Weld County Board of Commissioners Address: 1150 "O" Street P.O. Box 758 Greeley, CO 80632 Telephone:(970) 336-7235 c&fintift:Ally4 County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 R3978806/Automotive Properties Final Audit Report 2019-07-26 Created: 2019-07-24 By: Courtney Anaya (canaya@co.weld.co.us) Status: Signed Transaction ID: CBJCHBCAABAA27XFdryWkrORAfw0PSy2hmOr_l4Pv8Tu "R3978806/Automotive Properties" History fi Document created by Courtney Anaya (canaya@co.weld.co.us) 2019-07-24 - 9:24:29 PM GMT- IP address: 204.133.39.9 Document emailed to Courtney Anaya (canaya@co.weld.co.us) for approval 2019-07-24 - 9:24:31 PM GMT v Document approved by Courtney Anaya (canaya@co.weld.co.us) Approval Date: 2019-07-24 - 9:24:41 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Millie Channell (mchannell@weldgov.com) for approval 2019-07-24 - 9:24:43 PM GMT Email viewed by Millie Channell (mchannell@weldgov.com) 2019-07-24 - 9:34:44 PM GMT- IP address: 204.133.39.9 ra Document approved by Millie Channell (mchannell@weldgov.com) Approval Date: 2019-07-24 - 9:38:59 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Brenda Dones (bdones@co.weld.co.us) for signature 2019-07-24 - 9:39:00 PM GMT Email viewed by Brenda Dones (bdones@co.weld.co.us) 2019-07-24 - 9:52:17 PM GMT- IP address: 204.133.39.9 >6 Document e -signed by Brenda Dones (bdones@co.weld.co.us) Signature Date: 2019-07-24 - 9:52:30 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Chris Ruff (cdruff@drmrealestate.com) for signature 2019-07-24 - 9:52:32 PM GMT Email viewed by Chris Ruff (cdruff@drmrealestate.com) 2019-07-25 - 7:36:21 PM GMT- IP address: 75.71.234.228 niti Adobe Sign O6 Document e -signed by Chris Ruff (cdruff@drmrealestate.com) Signature Date: 2019-07-25 - 10:53:51 PM GMT - Time Source: server- IP address: 75.71.234.228 1., Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2019-07-25 - 10:53:53 PM GMT in Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2019-07-25 - 11:38:05 PM GMT- IP address: 204.133.39.9 6o Document e -signed by Karin McDougal (weld-cboe@weldgov.com) Signature Date: 2019-07-26 - 11:55:28 AM GMT - Time Source: server- IP address: 204.133.39.9 Q Signed document emailed to Chris Ruff (cdruff@drmrealestate.com), Millie Channell (mchannell@weldgov.com), Courtney Anaya (canaya@co.weld.co.us), canaya@weldgov.com, and 2 more 2019-07-26 - 11:55:28 AM GMT ns Adobe Sign NOTICEROF CENEDNATION Brenda Dones Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 JUL 1 s 20V3 WELD COUNTY COMMPSSIONERS Date of Notice: 6/25/2019 Telephone: (970) 4QO 3650 Fax: (970) 304-8433 Office Hours: 8:00Ah — 5:00PM ACCOUNT NO. R397880O TAX YEAR. 2019 TAX AREA 2342 PROPEWrr OWNER AUTOMOTIVE PROPERTIES ON 119 LLC 1415 VISTA VIEW DR LONGMONT, CO 80504-5243 PROPERTY CLASSIFICATIQN COMMERCIAL ACTUAL VALUE PRIOR TO REVIEW TOTAL L LEGAL DESCRIPTION/ PHYSICAL LOCATION 2VCC L&12 BLK4 2ND CORR VISTA COMMERCI AL CENTER FIG #2 1415 VISTA VIEW OR WELD ASSESSOWS VALUATION ACTUAL VALUE AFTER REVIEW 6,071,900 5,161,030 00071,800 5161030 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: C 03 - After review of your propetty, we have made adjustments. This was done because of additional information obtained, or provided through The appeal process. If you disagree with the Assessors decision, you have the right to appeal to the County Board of Equalization for further consideration, § 39-8-'I06("i)(a), CRS. The deadline for filing real property appeals is July 15. 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 a '4 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 years 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. Agent (If Applicable): 15-DPT-AFB PR 207-O8/13 R3978806 2019-3133 ASotos LIMITED POWER OF ATTORNEY PROPERTY TAX CONSULTING STATE OF COLORADO COUNTY OF thCs( Vene 1/ e, on t ? . whose address is (the `Principal") do hereby designate DRM Real Estate Advisors, LL'whose address is 700 Automation Drive Unit 0-200 / Po Box 99, Windsor, CO 80550, (the "Agent") as my/our attorney -in -fact and agent for the limited Purpose set forth herein: TO ACT ON PRINCIPAL'S BEHALF AND IN PRINCIPAL'S NAME IN THE FILING AND PURSUIT OF PROTESTS AND/OR APPEALS OF THE COUNTY ASSESSOR'S VALUATION(S) FOR THE PROPERTY/PROPERTIESPROPERTY/PROPERTIES LISTED BELOW, TO ADVOCATE FOR AND AGREE E TO A REVISED VALUATION FOR SAID PROPERTY/PROPERTIES AND, IF APPROPRIATE, TO PURSUE ABATEMENT OF TAXES PAID BY PRINCIPAL IN PREVIOUS YEARS FOR SAID PROPERTY/PROPERTIES. This Power of Attorney applies to assessments for the following parcel number(s); PIN Principal hereby grants Agent full power and authority to do everything necessary in exercising the powers herein granted as fully as Principal might or could do personally, with full power of substitution or revocation hereby ratifying and confirming a.11 that Agent shall lawfully do or cause to � be done by virtue of this power of attorney and the powers herein granted. This Limited Power of Attorney shall not be affected by Principal's disability or the dissolution �by o t Principal as an entity. This Limited Power of Attorneshall expire December 31, 2019. IN wiTN SS WHEREOF, Principal has executed this Limited Power of Attorney this Cl day of ,.2019. \I( d, l Representative r' PI464411 Theitair‘sa. I -P K 0 gm" )ss. } Th forgoing Limited Power of Attorney was acknowledged before me this day 2019, by "Ke IL (ern 41/41\ Witness my hand and official Seal: My Commission Expires: )*IOS &o2i5 KACIE E LOPEZ VASQUEZ Notary Public State of Colorado Notary ID # 20194000769 My Commission Expires 01-08-2023 Natarublic July 12, 2019 Weld County Assessor 1400 N. 17th Avenue Greeley, Colorado 80631 RECEIVED JUL 17 20f9 WELD COUNTY ASSESSOR GREELEY, COLORADO Re: Real Property valuation Protest ID Number: PIN 1313-08-2-04-015 Property Address: 1415 Vista View Drive, Weld County (Longmont), Colorado Ownership: Automotive Properties on 119 LLC Owner Address: 1415 Vista View Drive, Longmont, Colorado 80505 To Whom It May Concern: We represent Automotive Properties on 119 LLC, as referenced in the attached Limited Power of Attorney, in the appeal of their property valuation for 2019. Automotive Properties on 119 LLC protested the value initially, and it has been reduced to $170 per square foot. However, we believe the valuation is still too high. The subject is an Automotive Dealership in a semi -rural location outside Longmont on Highway 52 that contains 30,359 F on 6.42 -acres and was built in 2005. In 2019, the Assessor's NOV valuation was $6,071,800 _ $200/SF. Ownership rotested and requested a valuation of $4,000,000, after which the NOD Actual Value was set at 161,300 _ $170/SF. There are limited sales of reasonably similar scope, but we believe they clearly point to a lower value than the NOD. There are three sales of automotive dealerships that are larger than 15,000 SF and occurred in Weld County since January 2015 but before June 20, 2018 are attached. AUTOMOTIVE DEALERSHIP SALES ! ASSESSOR 2019 VALUATION Sale Date Address Traffic May -18 Sep -16 feb-15 Price Lot Size Built GBA 4100 Valley Dr Equip Dealership 800 Bryan Ct Interstate Ford 2625 35th Ave Nissan Dearer'sh'ip SUBJECT 1415 Vista View 82,8.19 r-25/Adan s 5'1,1.00,000 1.87 1997 18,679 Hwy 66 67,5001-25/5 2 $5,000,000 5.61 2000 20,809 Hwy 52 32,863 35th Ave $5,450,000 4.00 1992 -2002 30,928 Hwy 119 S/SF i Actual Value GSA s/5f: 15,265 $72.06 22,204 43,821 $225.18 $124.37 6.42 2005 30,359 $1,100,000 15p265 372.06 33,858,735 22,204 $173.79 $6021,549 43,821 $137.41 $5,161,300 30,359 $170,01 We considered the subject's Market Value based on several factors: 1. The best overall comparable sale is the Interstate Ford sale at 800 Bryan. It sold in Sept - 2016 at $5.0M or 25/ F, but clearly the Assessor does not give that sale credit as the property's 2019 valuation is only $3.859M or 174/ F. As the photo and aerial below shows, this property is clearly superior to the subject in quality, smaller size and location near 1-25. If we make a significant (15%) downward adjustment from the 2019 valuation, then a value of $148/SF is indicated. 2. The next best comparable is the Greeley Nissan sale. It sold in February 2015 at $5445M or $124/SF—the Assessor gives that sale credit and appreciates it up to the property's 2019 valuation at $6.022M or $137/SF. As the photo and aerial show, this property is clearly similar in quality, slightly inferior in location on 35th Avenue but moderately larger at 43,821 F. If we make a moderate (10%) upward adjustment from the 2019 valuation, then a value of $1.51 / F is indicated. jff —i or ; of'i rail 4, I r?F w a #. I ! .iv .1.1iiii - km it, i .: lifier . - ISid lit 0 p. �ej '➢. '� ' = 1 rY r R _ 1 _ y ,I , ft r. .T p�. TJ��1 . ,�'ry I P '25 1S Y v ` e r `Yis .2 ' - t i J� 1 I • _ !4 iti IL.; y 4%4.i1aillit: L 4� 3. The last, but least comparable sal; is the dealership property on Highway 66 just off I- 25. It just sold in May 2018 at $1,1 M or 72/ F- the Assessor gives that sale credit and assigns it a 2019 valuation at $1,1 O or $72/SF. As the photo and aerial shows, this property is clearly inferior in quality and inferior in location but significantly superior in size at jjust 15,265 SF. If we make a net significant (15%) upward adjustment from. the 2019 valuation, then a value of $83/SF is indicated. 4. Equalization: We think it is clear that the subject is better than. the Greeley Nissan dealership (valued at $137/SF) but certainly not as good as the Interstate Ford property (valued at 174/ F). An Actual Value at their mid -point of $150/SF is most appropriate. Based on the data and analyses, request the valuation be reduced to i 50/SF =$4,553,850. Respectfully submitted DRM REAL ETATE ADO , LL Liesa Brown Research Analyst Atch I. Power of Attorney 2. 2019 Real Property NOD 3. Sales Comps sonville Lyons Loveland 40) Campion lEc) 152 Heilhoud Hygiene Longmont Alton a Boulder Address 2625 35th Ave 800 Bryan CI 4100 S Valley Dr Erie Lafayette Louisville Windsor Iv Johnstown Mead City Greeley Damn° Longmont lareiderick Greeley fiat larder City Evans La Sall Gilerest Platteville Aristocrat Ra nchettes Fort Lupton Brighten Loebbule Property Info 37,918 SF General Retail/Auto Dealership 22,204 SF General Retail/Auto Dealership 15.265 SF General Retail/Auto Dealership Hudson Sale Info Kersey [3-41 fry �Regc Tampa Keenesburg 9 rhil Ike' data O201914 'V jr Sold: $5,450,000 ($143.73/SF) Sold: $5,000,000 ($225.18} F) Sold: $1,100,000 ($72.06/SF) Copyrighted report licensed to DFtM Real Estate Advisors • 194570. Page 4 2625 35th Ave Greeley, CO 80634 Auto Dealership Building of 37,918 SF Sold on 2/11/2015 for $5,450,000 - Research Complete buyer Leslie & Roger Weibel 1005 Ken Pratt Blvd Longmont, CO 80501 (303) 532-7293 seller Scott Ehrlich 1414 42nd Ave Greeley, CO 80634 (970) 356-0050 vital data its r —"Ask Escrow/Contract: Sale Date: Days on Market Exchange: Conditions: Land Area SF: Acres: $/SF Land Gross: Year Built, Age: Parking Spaces: Parking Ratio: FAR Lot Dimensions: Frontage: Tenancy: Comp ID: 2/11/2015 No 174,240 4 $31.28 1992 Age: 23 • 0.22 426 feet on 35th Avenue (with 2 ... Single 3241382 income expense data Expenses - Taxes - Operating Expenses Total Expenses $65,339 $55,339 financing Sale Price: Status: Building SF: price/SF: Pro Forma Cap Rate: Actual Cap Rate: Down Pmnt: Pct Down: Doc No: Trans Tax: Corner: Zoning: No Tenants: Percent Improved: Subn'iarket: Map Page: Parcel No: Property Type: $5,450,000 Confirmed 37,918 SF $143.73 - 4082445 No 2 71.5% Greeley Feet 095914401009 Retail Listing Broker No Listing Broker on Deal Buyer Broker No Buyer Broker on Deal Copyrighted report licensed to DAM Real, Estate Advisors -194570. Page 1 800 Bryan Ct Interstate Ford Dacono, CO 80514 Auto Dealership Building of 22,204 SF Sold on 9/27/3016 for $5,000,000 - Research Complete buyer Courtesy Ford 1313 NE 122nd Ave Portland, OR 97230 (503) 255-1771 seller Em mef B & Pamela A Formby 2240 Village Walk Or Henderson, NV 60052 (702) 565-8432 vital data EscrowlContract: Sale Date: Days on Market: Exchange: Conditions: Land Area SF: Acres: S/SF Land Gross: Year Built, Age: Parking Spaces: Parking Ratio: FAR Lot Dimensions: Frontage: Tenancy: Comp ID: 9/27/2016 No Lease Option, Purchase By Tenant 216,058 4.96 $23.14 2000 Age: 16 355 10/1000 SF 0.10 519 feet on Hwy 52 3723564 Sale Price: $5,000,000 Status: Confirmed Building SF: 22,204 SF Price/SF: $225.18 Pro Forma Cap Rate: Actual Cap Rate: Down P rn nt: Fact Down: Doc No: 4239936 Trans Tax: Corner: No Zoning: No Tenants: 1 Percent Improved: 61.0% Submarket: Greeley Ret Map Page: Parcel No: 146702001001 Property Type: Retail i income expense data Expenses - Taxes - Operating Expenses Total Expenses $115,268 financing $115,268 Listing Broker No Listing Broker on Deal Buyer Broker No Buyer Broker on Deal Copyrighted report licensed to DRM Real Estate Advisors - 194570. Page 2 4100 S Valley Dr Longmont, CO 80504 Auto Dealership Building of 15,265 SF Sold on 5/2/2018 for $1,100,000 - Research Complete buyer Extreme Max Properties LIB So Jason Wickham 15447 Hwy 34 Fort Morgan, CO 80701 (970) 867-4669 seller B&G Equipment Inc. do Buddy Truesdell 301 E 8th St Greeley, CO 80631 (970) 352-9141 vital data Escrow}Contract: Sale Date: 5/2/2018 Days on Market: - Exchange: No Conditions: Business Value Included Land Area SF: 81,457 Acres: 1.87 $1SF Land Gross: $13.50 Year Built, Age: 1997 Age: 21 Parking Spaces: 50 Parking Ratio: 3.2/1000 SF FAR 0.19 Lot Dimensions: Frontage: Tenancy: Single Comp ID: 4261472 Sale Price: $1,100,000 Status: Confirmed Building SF; 15,265 SF Price/SF: $72.06 Pro Forma Cap Rate: Actual Cap Rate: - Down Pmnt: - Pct Down: Doc No: 4395369 Trans Tax: Corner: No Zoning; I, Mead No Tenants: 1 Percent Improved: 59.8% Submarket: Greeley Rot Map Page: Pierson Graphics Corp 262-KB58 Parcel No: 120723304027 Property Type: Retail income expense data Listing Broker Expenses - Taxes - Operating Expenses Total Expenses $29,816 $29,816 No Listing Broker on Deal Buyer Broker No Buyer Broker on Deal financing prior sale 1st Adams Bank & Trust Bal/Pmt: $2,900,000 DatelDoc No: Sale Price: CompiD: 7/25/2012 $899,000 2540832 Copyrighted report licensed to DRM Real Estate Advisors - 194570. Page 3 WELD COuNfl ASSESSOR GRERZY CO 110531 1 i i I. U31D G0MA ?484 08846 RECOWD JUL 019 �rY IIi:2 I k 47wpcls tlet n; Y D7Ili -Tee 114 73Lon,I 0ck4 !'4bc itur LOrte tat kite 63,' Fit CSC E W, i •Gf �t $4.80 AfltizEiocti be, N. i IIIlJ tia.I nItUnjMIG,JIJII!Isipaal C�arl.s911is'1I`�° I� Hello