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Home My WebLink About20193004.tiffAugust 6, 2019 Petitioner: JT LONGMONT INVESTMENT LLC 400 WESTWOOD DR DENVER, CO 80206-4132 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE: www.weldgov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): MEISSNER ASSOCIATES PO BOX 630408 LITTLETON, CO 80163-0408 RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-3004 Appeal 2008224874 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 R0722601 Stipulated - Approved Stipulated Value R0722801 Stipulated - Approved Stipulated Value $1,403,010 $1,302,795 $3,375,960 $3,134,820 Totals: $4,778,970 2 Total Accounts $4,437,615 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 Grp,CA.e + le�rcC Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Weld County Assessor August 6, 2019 Agent: MEISSNER ASSOCIATES PO BOX 630408 LITTLETON, CO 80163-0408 Petitioner: 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 JT LONGMONT INVESTMENT LLC 400 WESTWOOD DR DENVER, CO 80206-4132 RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-3004 Appeal 2008224874 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. §39-8-101et 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 R0722601 Stipulated -Approved $1,403,010 $1,302,795 Stipulated Value R0722801 Stipulated - Approved $3,375,960 $3,134,820 Stipulated Value Totals: $4,778,970 2 Total Accounts $4,437,615 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 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 R0722601 STIPULATION (As To Tax Year 2019 Actual Value) RE PETITION OF : NAME: ADDRESS: JT Longmont Investment LLC 400 WESTWOOD DR DENVER, CO 80206-4132 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: FIR FS L4 FIRESTONE SAFEWAY 8110 COLORADO BLVD, FIRESTONE 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 $1,403,010 4. After further review and negotiation, Petitioner (s) and Weld County Assessor agree to the following tax year 2019 actual value for the subject property: Total $1,302,795 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 indicated an adjustment. 7. Both parties agree that: [71The hearing scheduled before the Board of Equalization on 8/01/2019 at 1:30 pm be vacated. nA hearing has not yet been scheduled before the Board of Equalization. 1 Q019- 300'1 ASo (03 DATED this 17th day of July , 2019 Dgvic/ Meissner Petitioner(s) or Agent or Attorney Address: Meissner Associates PO Box 630408 Littleton, CO 80163-0408 Telephone: 303-649-9550 Docket Number R0722601 Stip-1 .Frm (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 County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 2 R0722601 / JT Longmont Investment LLC Final Audit Report 2019-07-17 "R0722601 / JT Longmont Investment LLC" History t Document created by Wade Melies (wmelies@co weld co us) 2019-07-17 - 4 08 10 PM GMT- IP address 204 133 39 9 2► Document emailed to Wade Melies (wmelies@co weld co us) for approval 2019-07-17 - 4 08 12 PM GMT 65© Document approved by Wade Melies (wmelies@co weld co us) Approval Date 2019-07-17 - 4 08 25 PM GMT - Time Source server- IP address 204 133 39 9 2, Document emailed to Millie Channell (mchannell@co weld co us) for approval 2019-07-17 - 4 08 26 PM GMT t Emaikviewed by Millie Channell (mchannell@co weld co us) 2019-07-17 - 4 55 58 PM`GMT- IP address 204 133 39 9 b© Document approved by Millie Channell (mchannell@co weld co us) Approval Date 2019-07-17 - 5 04 37 PM GMT - Time Source server- IP address 204 133 39 9 2+ Document emailed to Brenda Dones (bdones@co weld co us) for signature 2019-07-17 - 5 04 39 PM GMT t Email viewed by Brenda Dones (bdones@co weld co us) 2019-07-17 - 9 20 02 PM GMT- IP address 204 133 39 9 6© Document e -signed by Brenda Dones (bdones@co weld co us) Signature Date 2019-07-17 - 9 21 34 PM GMT - Time Source server- IP address 204 133 39 9 2, Document emailed to David Meissner (meissnerassociates@gmail corn) for signature 2019-07-17 - 9 21 36 PM GMT 5 Email viewed by David Meissner (meissnerassociates@gmail corn) 2019-07-17 - 10 09 00 PM GMT- IP address 66 102 6 48 liOK LA FU b, Adobe Sign !S® Document e -signed by David Meissner (meissnerassociates@gmail corn) Signature Date 2019-07-17 - 10 10 19 PM GMT - Time Source server- IP address 63 151 68 18 Elk Document emailed to Karin McDougal (weld-cboe@weldgov corn) for signature 2019-07-17 - 10 10 21 PM GMT 5 Email viewed by Kann McDougal (weld-cboe@weldgov corn) 2019-07-17 - 10 14 36 PM GMT- IP address 204 133 39 9 GS® Document e -signed by Kann McDougal (weld-cboe@weldgov corn) Signature Date 2019-07-17 - 11 34 57 PM GMT - Time Source server- IP address 204 133 39 9 Signed document emailed to canaya@weldgov corn, Millie Channell (mchannell@co weld co us), Brenda Dones (bdones@co weld co us), David Meissner (meissnerassociates@gmail corn), and 2 more 2019-07-17 - 11 34 57 PM GMT Adobe Sign Aemuyos. Sam . b� SSOC• aessor Greeley, CO 80631 NOTICE OF DETERMINATION RECEIVED JUL 1 5 2010 WELD COUNTY COMMISSIONERS Date of Notice 6/25/2019 Telephone (970) 400-3650 Fax (970) 304-6433 Office Hours 8 OOAM — 5 OOPM ' ACCOUNT NO. ://"'4-:` #'`TAX YEAR _^ > TAX AREA LEGAL i�SSCRIPTIO �l, PHYSICAL LOCATION R0722601 2019 2084 FIR FS L4 FIRESTONE SAFEWAY 8110 COLORADO BLVD FIRESTONE PROPEth)! OW, ER JT LONGMONT INVESTMENT LLC 400 WESTWOOD DR DENVER, CO 80206-4132 s,x : , _ j :i?'"-me' s gr PROP RTY CLASSIFICATION ' ?H ....� m _ x_ mss . "6`>s. n"s�^°'s^ �a�, ASSESSOR'Sz 'ALUATIiil r ACTUAL:VALUE PRIOR TO `� ;REVIEW G '",£ ' xmA•�CTUAL,VALUEAFTER , _! Wma, RVI7EW�tl .a,n t9'b COMMERCIAL 1,403,010 1,403,010 A,, TOTAL 1,403,010 1,403,010 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 Zia CM05 - The law requires that data from Jan 2017 to June 2018 be used to establish current values We have considered all three approaches to value and we have denied your appeal based upon this data 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. - - — - — - 2 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 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 Agent (If Applicable) MEISSNER ASSOCIATES PO BOX 630408 LITTLETON, CO 80163-0408 15-DPT-AR PR 207-08/13 R0722601 2019-3004 ASO t03 the following Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, CO 80203 (303) 866-5880 www dolt colorado gov/baa 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 County Board of Equalization Hearings will be held from July 25th through August 5th at 1150 O Street. To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail, file online, or deliver a copy of both sides of this form to Weld County Board of Equalization 1150 O Street, P O Box 758 Greeley, CO 80631 Telephone (970) 356-4000 ext, 4225 Online www co weld co us/appsl/cboe/ 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 — 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 10, § 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 District Court Contact the District Court in the County where the property is located See your local telephone book for the address and telephone number What is your estimate of the property's value as of June 30, 20181 (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 ) $ I,ZA`t,4©O What is the -basis for -=your estimate of -value -or your -reason -f Ir-requesting-a:review? (Please attach additional sheets as necessary and any supporting documentation, i e , comparable sales, rent roll, original installed cost, appraisal, etc ) P (eac See I, the undersigned owner and r tta hmen h - _ :. e true and complete ;off —1ST6 Signature Telephone Number dcrl-e cxci-Coe) ('t Email Address Attach letter of authorization signed by property owner ,, i ATTESTATION' . the property identified above, affirm that the statements contained herein Date Z(0rZor9 15-DPT-AR PR 207-08/13 R0722601 COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number R0722801 STIPULATION (As To Tax Year 2019 Actual Value) RE PETITION OF NAME JT Longmont Investment LLC ADDRESS , 400 WESTWOOD DR DENVER, CO 80206-4132 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 descnbed as FIR FS L6 FIRESTONE SAFEWAY 8196 COLORADO BLVD FIRESTONE 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 $3,375,960 4 After further review and negotiation, Petitioner (s) and Weld County Assessor agree to the following tax year 2019 actual value for the subject property Total $3,134,820 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 OThe hearing scheduled before the Board of Equalization on 8/01/2019 at 1 30 pm be vacated nA hearing has not yet been scheduled before the Board of Equalization 1 07OI -3004 AS03 I DATED this 17th day of July , 2019 David MBissnOr Liam_ L � David Meissner (Jul 17 2019) l Petitioner(s) or Agent or Attorney Address Meissner Associates PO Box 630408 Littleton, CO 80163-0408 Telephone 303-649-9550 Docket Number R0722801 Stip-1 Frm J (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 County Assessor Address 1400 N 17th Avenue Greeley, CO 80631 Telephone (970) 400-3650 2 R0722601 / JT Longmont Investment LLC Final Audit Report 2019-07-17 Created: 2019-07-17 By: Wade Melies (wmelies@co.weld.co.us) Status: Signed Transaction ID: CBJCHBCAABAArXXf-LVWx279jN-fuXn9PI5jSYvBPyQK "R0722601 / JT Longmont Investment LLC" History t Document created by Wade Melies (wmelies@co.weld.co.us) 2019-07-17 - 4:08:10 PM GMT- IP address: 204.133.39.9 Cy Document emailed to Wade Melies (wmelies@co.weld.co.us) for approval 2019-07-17 - 4:08:12 PM GMT Document approved by Wade Melies (wmelies@co.weld.co.us) Approval Date: 2019-07-17 - 4:08:25 PM GMT - Time Source: server- IP address: 204.133.39.9 E? Document emailed to Millie Channell (mchannell@co.weld.co.us) for approval 2019-07-17 - 4:08:26 PM GMT t Email viewed by Millie Channell (mchannell@co.weld.co.us) 2019-07-17 - 4:55:58 PM GMT- IP address: 204.133.39.9 Document approved by Millie Channell (mchannell@co.weld.co.us) Approval Date: 2019-07-17 - 5:04:37 PM GMT - Time Source: server- IP address: 204.133.39.9 E Document emailed to Brenda Dones (bdones@co.weld.co.us) for signature 2019-07-17 - 5:04:39 PM GMT Email viewed by Brenda Dones (bdones@co.weld.co.us) 2019-07-17 - 9:20:02 PM GMT- IP address: 204.133.39.9 Document e -signed by Brenda Dones (bdones@co.weld.co.us) Signature Date: 2019-07-17 - 9:21:34 PM GMT - Time Source: server- IP address: 204.133.39.9 C? Document emailed to David Meissner (meissnerassociates@gmail.com) for signature 2019-07-17 - 9:21:36 PM GMT Email viewed by David Meissner (meissnerassociates@gmail.com) 2019-07-17 - 10:09:00 PM GMT- IP address: 66.102.6.48 Adobe Sign > Document e -signed by David Meissner (meissnerassociates@gmail.com) Signature Date: 2019-07-17 - 10:10:19 PM GMT - Time Source: server- IP address: 63.151.68.18 C2 Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2019-07-17 - 10:10:21 PM GMT Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2019-07-17 - 10:14:36 PM GMT- IP address: 204.133.39.9 Document e -signed by Karin McDougal (weld-cboe@weldgov.com) Signature Date: 2019-07-17 - 11:34:57 PM GMT - Time Source: server- IP address: 204.133.39.9 Signed document emailed to canaya@weldgov.com, Millie Channell (mchannell@co.weld.co.us), Brenda Dones (bdones@co.weld.co.us), David Meissner (meissnerassociates@gmail.com), and 2 more 2019-07-17 - 11:34:57 PM GMT Adobe Sign COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number R0722801 STIPULATION (As To Tax Year 2019 Actual Value) RE PETITION OF : NAME: ADDRESS: JT Longmont Investment LLC 400 WESTWOOD DR DENVER, CO 80206-4132 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: FIR FS L6 FIRESTONE SAFEWAY 8196 COLORADO BLVD FIRESTONE 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 $3,375,960 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 $3,134,820 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: The hearing scheduled before the Board of Equalization on 8/01/2019 at 1:30 pm be vacated. nA hearing has not yet been scheduled before the Board of Equalization. 1 aO lq -3OOL AS0iO3 DATED this 17th day of July , 2019 Davis( Meissner Petitioner(s) or Agent or Attorney Address: Meissner Associates PO Box 630408 Littleton, CO 80163-0408 Telephone: 303-649-9550 Docket Number R0722801 Stip-1.Frm (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 County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 2 R0722801 / JT Longmont Investment LLC Final Audit Report 2019-07-17 Created: 2019-07-17 By: Wade Melies (wmelies@co.weld.co.us) Status: Signed Transaction ID: CBJCHBCAABAAUk1VG-HKtXHTucS6gdLX3jWXg4grbGGg "R0722801 / JT Longmont Investment LLC" History ft Document created by Wade Melies (wmelies@co.weld.co.us) 2019-07-17 - 4:10:54 PM GMT- IP address: 204.133.39.9 4 Document emailed to Wade Melies (wmelies@co.weld.co.us) for approval 2019-07-17 - 4:10:55 PM GMT Document approved by Wade Melies (wmelies@co.weld.co.us) Approval Date: 2019-07-17 - 4:11:05 PM GMT - Time Source: server- IP address: 204.133.39.9 E. Document emailed to Millie Channell (mchannell@co.weld.co.us) for approval 2019-07-17 - 4:11:07 PM GMT t Email viewed by Millie Channell (mchannell@co.weld.co.us) 2019-07-17 - 5:06:19 PM GMT- IP address: 204.133.39.9 656 Document approved by Millie Channell (mchannell@co.weld.co.us) Approval Date: 2019-07-17 - 5:09:55 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Brenda Dones (bdones@co.weld.co.us) for signature 2019-07-17 - 5:09:56 PM GMT aLj t, Email viewed by Brenda Dones (bdones@co.weld.co.us) 2019-07-17 - 9:22:06 PM GMT- IP address: 204.133.39.9 O6 Document e -signed by Brenda Dones (bdones@co.weld.co.us) Signature Date: 2019-07-17 - 9:22:29 PM GMT - Time Source: server- IP address: 204.133.39.9 L? Document emailed to meissnerassociates@gmail.ccom for signature 2019-07-17 - 9:22:30 PM GMT E6 Email sent to meissnerassociates@gmail.ccom bounced and could not be delivered 2019-07-17 - 9:23:09 PM GMT Adobe Sign Wade Melies (wmelies@co.weld.co.us) replaced signer meissnerassociates@gmail.ccom with David Meissner (meissnerassociates@gmail.com) 2019-07-17 - 9:40:35 PM GMT- IP address: 204.133.39.9 E Document emailed to David Meissner (meissnerassociates@gmail.com) for signature 2019-07-17 - 9:40:35 PM GMT C- Email sent to meissnerassociates@gmail.ccom bounced and could not be delivered 2019-07-17 - 9:41:09 PM GMT t Email viewed by David Meissner (meissnerassociates@gmail.com) 2019-07-17 - 10:03:59 PM GMT- IP address: 66.102.6.59 ( Document e -signed by David Meissner (meissnerassociates@gmail.com) Signature Date: 2019-07-17 - 10:08:36 PM GMT - Time Source: server- IP address: 63.151.68.18 Email sent to David Meissner (meissnerassociates@gmail.com) bounced and could not be delivered 2019-07-17 - 10:09:34 PM GMT E-7. Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2019-07-17 - 10:09:41 PM GMT Li Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2019-07-17 - 10:14:37 PM GMT- IP address: 204.133.39.9 rip Document e -signed by Karin McDougal (weld-cboe@weldgov.com) Signature Date: 2019-07-17 - 11:35:32 PM GMT - Time Source: server- IP address: 204.133.39.9 ® Signed document emailed to Wade Melies (wmelies@co.weld.co.us), canaya@weldgov.com, Millie Channell (mchannell@co.weld.co.us), Brenda Dones (bdones@co.weld.co.us), and 3 more 2019-07-17 - 11:35:32 PM GMT NOTICE OF DETERMINATION RECEIVED Brenda Dones Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 JUL 1 5 2010 WELD COUNTY COMMISSIONERS Date of Notice: 6/25/2019 Telephone: (970) 400-3650 Fax: (970) 304-6433 Office Hours: 8:00AM - 5:00PM ACCOUNT NO. - TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R0722601 2019 2084 FIR FS L4 FIRESTONE SAFEWAY 8110 COLORADO BLVD FIRESTONE PROPERTY OWNER JT LONGMONT INVESTMENT LLC 400 WESTWOOD DR DENVER, CO 80206-4132 PROPERTY CLASSIFICATION ' ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ` ACTUAL VALUE AFTER REVIEW COMMERCIAL 1,403,010 1,403,010 TOTAL 1,403,010 1,403,010 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: 210 CM05 - The law requires that data from Jan 2017 to June 2018 be used to establish current values. We have considered all three approaches to value and we have denied your appeal based upon this data. 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 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. Agent (If Applicable): MEISSNER ASSOCIATES PO BOX 630408 LITTLETON, CO 80163-0408 15-DPT-AR PR 207-08/13 R0722601 2019-3004 ASO I03 L PROCEDURES County Board of Equalization Hearings will be held from July 25th through August 5th at 1150 O Street. To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail, file online, or deliver a copy of both sides of this form to: Weld County Board of Equalization 1150 O Street, P.O. Box 758 Greeley, CO 80631 Telephone: (970) 356-4000 ext, 4225 Online: www.co.weld.co.us/appsl/cboe/ 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 — 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 10, § 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 Contact the District Court in the County Denver, CO 80203 where the property is located. See your (303) 866-5880 local telephone book for the address and www.dola.colorado.gov/baa telephone number. 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, 2018? (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.) $ t,ZA`t, KO 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.) see �-- Led c6f> . I, the undersigned owner and r,,nyitta hmen Sign ture ATTESTATION f the property identified above, affirm that the statements contained herein true and complete. Telephone Number ✓t,te cc c`a 6s) mar (- C� v1A Email Address 'Attach letter of authorization signed by property owner. Date 15-DPT-AR PR 207-08/13 R0722601 NOTICE OF DETERMINATION RECEIVED Brenda Dones Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 JUL 1 52019 WELD COUNTY COMMISSIONERS Date of Notice: 6/25/2019 Telephone: (970) 400-3650 Fax: (970) 304-6433 Office Hours: 8:00AM — 5:00PM ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R0722801 2019 2084 FIR FS L6 FIRESTONE SAFEWAY 8196 COLORADO BLVD FIRESTONE PROPERTY OWNER JT LONGMONT INVESTMENT LLC 400 WESTWOOD DR DENVER, CO 80206.4132 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW COMMERCIAL 3,375,960 3,375,960 TOTAL 3,375,960 3,375,960 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: r�� CM05 - The law requires that data from Jan 2017 to June 2018 be used to establish current values. We have considered all three approaches to value and we have denied your appeal based upon this data. 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 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. Agent (If Applicable): MEISSNER ASSOCIATES PO BOX 630408 LITTLETON, CO 80163-0408 15-DPT-AR PR 207-08/13 R0722801 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 25th through August 5th at 1150 O Street. To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail, file online, or deliver a copy of both sides of this form to: Weld County Board of Equalization 1150 O Street, P.O. Box 758 Greeley, CO 80631 Telephone: (970) 356-4000 ext, 4225 Online: www.co.weld.co.us/appsl/cboe/ 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 — 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 10, § 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 Contact the District Court in the County Denver, CO 80203 where the property is located. See your (303) 866-5880 local telephone book for the address and www.dola.colorado.gov/baa telephone number. 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, 2018? (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.) $ too 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.) c tA- -Hc k. ATTESTATION 1 I, the undersigned owner agent' •f the property identified above, affirm that the statements contained herein andany attachments her- u a e true and complete. Signature Telephone Number Email Address 1 Attach letter of authorization signed by property owner. Date 15-DPT-AR PR 207-08/13 R0722801 Board of Equalization Weld County PO Box 758 Greeley, CO 80631 MEISSNER ASSOCIATES Real Estate Tax Reductions Brokerage July 12, 2019 RECEIVED JUL 1 52010 WELD COUNTY COMMISSIONERS Re: 2019 VALUATION PROTEST - Real Property Dear Board, Please consider the attached protest of the 2019 valuation. Salient facts are listed below: Subject Property: 8110/8196 Colorado Blvd, Account # R0722601/R0722801 Property Type/Use: Retail Strip Center Owner of Record: JT Longmont Investment LLC Current Actual Value (2019): $4,778,970 or $210/sf of building Requested Actual Value: $4,262,500 or $187/sf of building Basis of Protest: The subject consists of 2 parcels in the same retail center that have the same ownership and are managed together. Please treat them as 1 economic unit for this appeal. Analysis of actual base period income & expense data is attached in support of our request. As of the valuation date of June 30, 2018 there were 2 vacancies that comprised about 12% of the entire center. Please see the attached rent roll as evidence. Base period sales of similar retail properties are attached and support our request as well. The information and facts contained herein and on any attachments constitute true and complete statements concerning the described property to the best of our knowledge. The Meissner Associates objective as an advocate of the taxpayer is a fair and equalized assessed value, performing valuation services outside of appraisal practice. The above valuation request is consistent with the property owner/client's desire for lower taxes and fees earned by Meissner Associates are contingent on assessment reductions. Attached please find the agency authorization signed by our client. Please contact us at (303)649-9550 if any additional information is needed. Thank you. Sincerely, David J. Meissner REALTOR P.O. Box 630408 4 Littleton, CO 80163-0408 m (303) 649-9550 (970) 819-0960 www.meissnerassociates.com meissnerassociates@gmail.com FAX (720) 223-6127 MEISSNER ASSOCIAT: Real Estate Tax Reductions Brokerage CONSULTANT - EXCLUSIVE AGENCY AGREEMENT PROPERTY OWNER/CLIENT _JT Lon gmont Investment LLC PROPERTY ADDRESS 8110 -8196c aunty Rd.13, Fieston e, C 0 80 50 4 COLORADO COUNTY Weld SCHEDULE NUMBER(S) 07Z.Z66/, & 72,ZZ0 Client agrees with Meissner Associates that for the real estate assessment year 2019, and for the biennial period 2019 and 2020, for the property referenced above, that Meissner Associates is hereby engaged and authorized to act as exclusive agent and consultant for Client, in the preparation of a real estate assessment petition for the Client to the County Board of Equalization, and if necessary, to the State of Colorado Board of Assessment Appeals. Valuation services outside of appraisal practice will be performed. Client hereby authorizes Meissner Associates, as exclusive agent of the Client to execute and cause to be filed on behalf of Client and in the name of Client, any and all documents relating to a petition of the assessments, for the assessment year 2019 and for the remaining year of the biennial period referenced above, to the County Board of Equalization, and if necessary, to the State of Colorado Board of Assessment Appeals. If the services of an attorney at law are required in connection with any petition referenced herein, it is the Client's option and expense to continue the petition by engaging an attorney. Meissner Associates will co- operate with the attorney in the furtherance of the petition. Meissner Associates does not perform the duties or functions of an attorney at law. Any fees payable to Meissner Associates for its services are separate and distinct from any fees payable by the Client to any attorney at law retained by the Client, are strictly contingent on assessment reductions, and are payable according to the terms of the FEE AGREEMENT. This CONSULTANT - EXCLUSIVE AGENCY AGREEMENT terminates upon receipt by Meissner Associates of the final resolution of any petition(s) initiated during the biennial period referenced above. €1-/ Property Owner/Cli t Date Date March 13, 2019 David J. Meissner, Meissner Associates Date P.O. Box 630408 Littleton, CO 80163-0408 (303) 649-9550 (970) 819-0960 www.meissnerassociates.com meissnerassociates@gmail.com Fnx (720) 223-6127 Subject Property 8110 Colorado Boulevard, Firestone Acct# R0722601 I - R a. Jar, •. ♦ '- S 4 .4 at r / • S :y. - (4t. • alga -e.eeetta •- • • \ - ! i . -'V S..T ..4 • a1C6� pgp orovoubriatarnivatagiengsfussimasitaise• )f I#:�}' Rii1�NlRL�__ �,� �•a.�v+.9'sok v f,♦, �'n' `_^_.,;;- -ti„•y. -,•....._ ifggItalt4C,0 ads d�'1 "t�`�• l t 2zy�•anyl..tas..•.� �.-yn ra yy )Y".Y ]� �'ii�1 sr+4s•v..t. er•.� y�•�y ��pp �, �i!!�k & N'�: 7•:-. i,->i + Cratia_neztit't”:""rli %y-��yy�s�, w..�Oeaal.. tAtaas �i/liow i•s[A-.a.'�.��•�AA+VK��'•.�.'"'�1�,��ii�y*, •�-�i`faM.. ..._ �..- .. . isinsaidenesave* Anl tinaKali lt9P �a[tlaaii 1jr r' i (( �••a. 1-t - • 1.09 Slant �lp:��tl to awn Sc6fidi��ilF7QMb 1v-,• ,t',;"�"?i•� �� r+�� •au • a ,�.• iii t I i b� rrtr.. •• �i48�laftM�1Q1�J1I+SAtit/1�1w1 l�dl�>#F�rA��rkxL'11+ , ..: • 1 •! • • i w• • • • , '` r • •J • . • +• a y« Mat • .+ •w •, y •. .a•. S' J , • • • '+ _� �. • ♦ • -q • • • 6 � 114.- :t • 4$ I INCOME ANALYSIS for base period (1/1/17 to 6/30/18) Account #s R0722601 & R0722801 Annual Gross Revenue (2017 actual data) Vacancy/Collection Loss Factor (included above) Effective Revenue Expenses (see attached schedule for breakdown) Net Income Before Debt Service & Depreciation OVERALL CAPITALIZATION RATE — 7.0% 298,371 / .07 = 4,262,443, Say $4,262,500 or $187 per sf of bldg VALUE INDICATED BY INCOME APPROACH $483,823 (0) 483,823 (185,452) 298,371 * Please see the attached Rent Roll as of mid -2018 which shows the 2 vacant units that comprise over 12% of the building. Page 1 . Rent Roll Property: fcp From Date: 06/01/2018 By Property Property Unit(s) Lease Lease Type fcp - Firestone Center Partners LLC,Rrestone Current Leases fcp N-01 Carbon Valley Retail Triple Liquor Net fcp N-04 Papa John's Retail Triple Pizza Net fcp N-07 Envy Nails Retail Triple Net fcp N-08 Subway Retail Triple Net fcp N-09-10 Dawne Adams Retail Triple DDS PC Net fcp N-11 .3 Margaritas Retail Triple Net fcp S-01 ' Carbon Valley Retail Triple Eye Care Net fcp S-02 K&H One Retail Triple Cleaners Net fcp S-03 Great Clips : Retail Triple Net fcp S-04 Zadel & Assoc Retail Triple Realty Inc Net fcp S-05 Wah Wok Retail Triple Chinese Food Net fcp N-05 VACANT fcp N-06 VACANT Total Current Area Lease From Lease To Term Monthly Rent Monthly Annual Rent Annual Annual Annual Security LOC Amount/ Rent Rent Rec. Misc Deposit Bank Per Per Per Per Guarantee Area Area Area Area 4,200.00 03/01/2012 ' 02/28/2022 120 5,530.00 1.32 66,360.00 15.80` 7.60; 0.00 4,200.00 0.00 1,400.00 10/30/2016 03/31/2022 66 2,041.67 1.46 24,500.04 17.50! 7.60 0.00 2,800.00 0.00 1,400.00' 04/01/2012 05/31/2022 122 ; 2,257.50 1.61 27,090.00 19.35 7.60 0.00 2,100.00' 0.00 1,400.00 01/01/2009 10/31/2019 130 2,392.00 1.71 28,704.00 20.50 7.60 0.00 2,333.33 0.00` 2,800.00 12/01/2010 05/31/2021 126 4,783.33 1.71 57,399.96 20.50' 7.60 0.00 3,791.67 0.00 2,003.00 03/01/2012 06/30/2020 100 2,754.13 1.38; 33,049.56 16.50. 7.60 0.00 2,253.37' 0.00' 1,200.00' 06/20/2014 10/31/2019 65 1,750.00: 1.46 21,000.00 17.50 7.60 0.00 2,350.00 0.00 1,200.00 02/01/2013 07/31/2020 90 1,800.00 1.50 21,600.00 18.00 7.60, 7.72 2,500.00' 0.00 1,200.00' 04/01/2008 04/30/2023 181 2,100.00 1.75 25,200.00 21.00 7.60 0.00 0.00 0.00 1,200.00! 05/01/2008 04/30/2023 180 1,600.00 1.33 19,200.00 16.00. 7.60 0.00: 1,800.00: 0.00' 1,800.00 06/01/2008 05/31/2023 180 3,000.00 1.67 36,000.00 20.00 7.60 0.00 3,000.00` 0.00 1,400.00 1,400.00 22,603.00 Total Total Area Percentage Monthly Annual Rent Units Occupied 11 19,803.00' 87.61 Vacant 2 2,800.00 12.38 Total 13 22,603.00 30,008.63 360,103.56 Rent 30 008.63 360,103.56 0.00 0.00 0.00' 0.00 0.00 0.00 0.00 0.00 0.00. 0.00 0.00 0.00' 0.00 0.00 0.00' 0.00 30,008.63 1.33 360,103.56 15.93 6.66 0.41 27,128.37 0.00 0.00 0.00 Wednesday, June 06, 2018 10.55 AM Firestone Center Partners LLC (fcp) Income Statement Period = Jan 2017 -Dec 2017 Book = Cash 4000 OPERATING INCOME 4100 RENT 4116 Base Rent - Retail 4146 Deferred Rent - Retail 4199 TOTAL RENT 4200 REIMBURSEMENTS (ESTIMATE) 4210 Common Area Maintenance (Estimate) 4211 CAM (NNN) Reimb Monthly Estimate 4250 Insurance (Estimate) 4280 Taxes (Estimate) 4299 TOTAL REIMBURSEMENTS (ESTIMATE) 4300 REIMBURSEMENTS (RECONCILED) 4311 CAM (NNN) Reconciliation - Prior Year 4399 TOTAL REIMBURSEMENTS (RECONCILED) 4500 Unearned Income/Prepaid Charges 4600 OTHER INCOME 4635 Collection Loss 4840 Interest Income 4843 Interest Income - Note Receivable 4855 Late Fees and Penalties 4890 Tenant Direct Reimb Period to Date 374,462.88 -7,150.00 77.40 -1.48 367,312.88 75.92 35,629.80 7.36 81,733.70 3,050.34 30,573.65 16.89 0.63 6.32 150,987.49 31.21 6,572.08 1.36 6,572.08 1.36 -2,797.68 -0.58 -40,772.76 57.20 1,199.52 1,069.43 194.42 -8.43 0.01 0.25 0.22 0.04 Year to Date 374,462.88 -7,150.00 367,312.88 35,629.80 81, 733.70 3,050.34 30,573.65 Page 1 77.40 -1.48 75.92 7.36 16.89 0.63 6.32 150,987.49 31.21 6,572.08 1.36 6,572.08 1.36 -2,797.68 -0.58 -40,772.76 57.20 1,199.52 1,069.43 194.42 -8.43 0.01 0.25 0.22 0.04 Friday, June 01, 2018 01:32 PM Firestone Center Partners LLC (fcp) Income Statement Period = Jan 2017 -Dec 2017 Book = Cash 4899 TOTAL OTHER INCOME 4999 TOTAL OPERATING INCOME 5000 OPERATING EXPENSE 5010 RECOVERABLE EXPENSE 5100 COMMON AREA COSTS 5120 Administration Fee 5220 Building Maintenance 5385 Fire Alarm - Monitoring 5390 Fire Alarm - Repairs 5425 General Expense 5740 Grounds Maintenance 6210 Landscaping - Maintenance 6230 Lighting 6235 Litter Control 6630 Parking Lot - Striping 6640 Pest Control 6645 Plumbing 6671 Power Washing - RETAIL 6935 Signage 6940 Snow Removal 6960 Sweeping 7080 Trash Removal 7081 Trash Removal - RETAIL 7110 Utilities - Gas & Electric 7111 Utilities - Gas & Electric - RETAIL 7115 Utilities - Sewer/Storm Water 7116 Utilities - Sewer/Storm Water - RETAIL 7120 Utilities - Water & Drainage 7121 Utilities - Water - RETAIL 7200 Window Washing Period to Date % Year to Date -38,252.19 -7.91 483,822.58 100.00 1,537.86 1,417.95 3,281.16 192.50 20.88 6,207.49 1,002.94 1,754.58 649.68 375.00 370.00 401.32 2,284.70 487.31 5,230.52 1,637.40 684.96 8,241.77 2,801.71 6,562.30 10,881.32 494.19 433.32 15,563.76 350.00 0.32 0.29 0.68 0.04 0.00 1.28 0.21 0.36 0.13 0.08 0.08 0.08 0.47 0.10 1.08 0.34 0.14 1.70 0.58 1.36 2.25 0.10 0.09 3.22 0.07 Page 2 -38,252.19 -7.91 483,822.58 100.00 1,537.86 1,417.95 3,281.16 192.50 20.88 6,207.49 1,002.94 1,754.58 649.68 375.00 370.00 401.32 2,284.70 487.31 5,230.52 1,637.40 684.96 8,241.77 2,801.71 6,562.30 10,881.32 494.19 433.32 15,563.76 350.00 0.32 0.29 0.68 0.04 0.00 1.28 0.21 0.36 0.13 0.08 0.08 0.08 0.47 0.10 1.08 0.34 0.14 1.70 0.58 1.36 2.25 0.10 0.09 3.22 0.07 Friday, June 01, 2018 01.32 PM Firestone Center Partners LLC (fcp) Income Statement Period = Jan 2017 -Dec 2017 Book = Cash 7499 TOTAL COMMON AREA COSTS 7700 INSURANCE 7710 Commercial Property Insurance 7720 Crime Insurance 7750 General Liability Insurance 7770 Terrorism Insurance 7780 Umbrella/Excess Liability Insurance 7799 TOTAL INSURANCE 7800 TAXES 7850 Real Estate Taxes 7899 TOTAL TAXES 7999 TOTAL RECOVERABLE EXPENSE 8000 NON -RECOVERABLE EXPENSE 8010 Advertising/Marketing 8020 Asset Management Fees 8021 Asset Management Fees - Prior Year Adj 8030 Banking/Credit Card Fees 8430 Legal Fees 8550 Postage & Delivery 8630 Property Management Fees 8631 Property Management Fees - Prior Year Adj 8730 Tenant Screening 8770 Turnover Costs 8780 Utilities - TumoverNacants 8800 Tenant Direct Costs Period to Date 72,864.62 4,519.00 125.00 1,360.00 45.00 571.79 % Year to Date 15.06 0.93 0.03 0.28 0.01 0.12 6,620.79 1.37 68,274.84 14.11 68,274.84 14.11 147,760.25 30.54 851.77 4,652.83 -238.57 57.60 6,760.95 96.01 23,262.85 -1,194.94 100.50 1,285.60 1,861.27 196.31 0.18 0.96 -0.05 0.01 1.40 0.02 4.81 -0.25 0.02 0.27 0.38 0.04 72,864.62 4,519.00 125.00 1,360.00 45.00 571.79 Page 3 15.06 0.93 0.03 0.28 0.01 0.12 6,620.79 1.37 68,274.84 14.11 68,274.84 14.11 147,760.25 30.54 851.77 4,652.83 -238.57 57.60 6,760.95 96.01 23,262.85 -1,194.94 100.50 1,285.60 1,861.27 196.31 0.18 0.96 -0.05 0.01 1.40 0.02 4.81 -0.25 0.02 0.27 0.38 0.04 Friday, June 01, 2018 01:32 PM Page 4 . Firestone Center Partners LLC (fcp) Income Statement Period = Jan 2017 -Dec 2017 Book = Cash 9397 TOTAL NON -RECOVERABLE EXPENSE 9398 TOTAL OPERATING EXPENSE 9399 NET OPERATING INCOME / (LOSS) Period to Date % Year to Date % 37,692.18 7.79 9500 INTEREST EXPENSE 9510 Interest - Mortgage - 1st Deed of Trust 9598 TOTAL INTEREST EXPENSE 9599 NET INCOME / (LOSS) AFTER INTEREST EXPENSE 9799 NET PROFIT/ (LOSS) AFTER OTHER EXPENSES 9998 NET PROFIT/ (LOSS) AFTER IMPROVEMENTS 37,692.18 7.79 185,452.43 38.33 298,370.15 61.67 53,104.29 10.98 53,104.29 10.98 245,265.86 50.69 245,265.86 50.69 245,265.86 50.69 185,452.43 38.33 298,370.15 61.67 53,104.29 10.98 53,104.29 10.98 245,265.86 50.69 245,265.86 50.69 245,265.86 50.69 Friday, June 01, 2018 01:32 PM Page 1 - Firestone Center Partners LLC (fcp) Income Statement Period = Jan 2018 -May 2018 Book = Cash 4000 OPERATING INCOME 4100 RENT 4116 Base Rent - Retail 4199 TOTAL RENT 4200 REIMBURSEMENTS (ESTIMATE) 4210 Common Area Maintenance (Estimate) 4250 Insurance (Estimate) 4280 Taxes (Estimate) 4299 TOTAL REIMBURSEMENTS (ESTIMATE) 4300 REIMBURSEMENTS (RECONCILED) 4310 Common Area Maintenance (Reconciliation) 4311 CAM (NNN) Reconciliation - Prior Year 4350 Insurance (Reconciliation) 4380 Taxes (Reconciliation) 4399 TOTAL REIMBURSEMENTS (RECONCILED) 4500 Unearned Income/Prepaid Charges 4600 OTHER INCOME 4760 FFE & Inv Rent/Purch 4840 Interest Income 4843 Interest Income - Note Receivable 4855 Late Fees and Penalties 4890 Tenant Direct Reimb Period to Date % Year to Date 147,321.46 62.69 147,321.46 147, 321.46 62.69 31,286.13 13.31 2,422.67 29,034.74 1.03 12.35 62,743.54 26.70 34,120.70 14.52 -57,298.14 -24.38 2,555.84 27,123.30 1.09 11.54 6,501.70 2.77 15,432.64 6.57 2,316.00 29.90 265.48 294.00 101.89 0.99 0.01 0.11 0.13 0.04 62.69 147,321.46 62.69 31,286.13 13.31 2,422.67 29,034.74 1.03 12.35 62,743.54 26.70 34,120.70 14.52 -57,298.14 -24.38 2,555.84 27,123.30 1.09 11.54 6,501.70 2.77 15,432.64 6.57 2,316.00 29.90 265.48 294.00 101.89 0.99 0.01 0.11 0.13 0.04 Thursday, June 07, 2018 04.51 PM Page 2 . Firestone Center Partners LLC (fcp) Income Statement Period = Jan 2018 -May 2018 Book = Cash 4899 TOTAL OTHER INCOME 4999 TOTAL OPERATING INCOME 5000 OPERATING EXPENSE 5010 RECOVERABLE EXPENSE 5100 COMMON AREA COSTS 5120 Administration Fee 5220 Building Maintenance 5385 Fire Alarm - Monitoring 5390 Fire Alarm - Repairs 5425 General Expense 5915 Irrigation - Maintenance 5920 Irrigation - Repairs 6210 Landscaping - Maintenance 6230 Lighting 6235 Litter Control 6620 Parking Lot - Patching 6720 Roof - Repairs 6935 Signage 6940 Snow Removal 7080 Trash Removal 7114 Utiltiies - Electric 7115 Utilities - Sewer/Storm Water 7120 Utilities - Water & Drainage 7499 TOTAL COMMON AREA COSTS 7800 TAXES 7850 Real Estate Taxes 7899 TOTAL TAXES Period to Date OA 3,007.27 1.28 235,006.61 100.00 579.22 112.80 1,098.91 228.82 34.80 13.73 62.51 466.66 668.35 216.56 2,836.44 340.00 334.09 103.00 4,054.28 4,801.67 6,233.39 6,334.55 28,519.78 80,608.64 0.25 0.05 0.47 0.10 0.01 0.01 0.03 0.20 0.28 0.09 1.21 0.14 0.14 0.04 1.73 2.04 2.65 2.70 12.14 34.30 80,608.64 34.30 Year to Date %. 3,007.27 1.28 235,006.61 100.00 579.22 112.80 1,098.91 228.82 34.80 13.73 62.51 466.66 668.35 216.56 2,836.44 340.00 334.09 103.00 4,054.28 4,801.67 6,233.39 6,334.55 28, 519.78 80,608.64 0.25 0.05 0.47 0.10 0.01 0.01 0.03 0.20 0.28 0.09 1.21 0.14 0.14 0.04 1.73 2.04 2.65 2.70 12.14 34.30 80,608.64 34.30 Thursday, June 07, 2018 04:51 PM Firestone Center Partners LLC (fcp) Income Statement Period = Jan 2018 -May 2018 Book = Cash 7999 TOTAL RECOVERABLE EXPENSE 8000 NON -RECOVERABLE EXPENSE 8010 Advertising/Marketing 8020 Asset Management Fees 8021 Asset Management Fees - Prior Year Adj 8030 Banking/Credit Card Fees 8240 General Repairs 8430 Legal Fees 8550 Postage & Delivery 8610 Professional Fees 8630 Property Management Fees 8631 Property Management Fees - Prior Year Adj 8780 Utilities - TumoverNacants 8800 Tenant Direct Costs 9397 TOTAL NON -RECOVERABLE EXPENSE 9398 TOTAL OPERATING EXPENSE 9399 NET OPERATING INCOME / (LOSS) Period to Date % Year to Date 109,128.42 46.44 269.78 2,042.00 185.40 26.80 75.00 37.50 50.94 1,465.00 10,215.94 928.28 1,297.88 172.50 0.11 0.87 0.08 0.01 0.03 0.02 0.02 0.62 4.35 0.40 0.55 0.07 16,767.02 7.13 125,895.44 53.57 109,111.17 46.43 9500 INTEREST EXPENSE 9510 Interest - Mortgage - 1st Deed of Trust 21,540.87 9.17 9598 TOTAL INTEREST EXPENSE 21,540.87 9.17 9599 NET INCOME / (LOSS) AFTER INTEREST EXPENSE 9799 NET PROFIT/ (LOSS) AFTER OTHER EXPENSES 87, 570.30 37.26 87,570.30 37.26 Page 3 - OA 109,128.42 46.44 269.78 2,042.00 185.40 26.80 75.00 37.50 50.94 1,465.00 10,215.94 928.28 1,297.88 172.50 0.11 0.87 0.08 0.01 0.03 0.02 0.02 0.62 4.35 0.40 0.55 0.07 16,767.02 7.13 125,895.44 53.57 109,111.17 21,540.87 46.43 9.17 21,540.87 9.17 87,570.30 37.26 87,570.30 37.26 Thursday, June 07, 2018 04:51 PM Firestone Center Partners LLC (fcp) Income Statement Period = Jan 2018 -May 2018 Book = Cash 9998 NET PROFIT/ (LOSS) AFTER IMPROVEMENTS Period to Date Page 4 - % Year to Date _.....__ ... % 87,570.30 37.26 87,570.30 37.26 Thursday, June 07, 2018 04:51 PM ( e Lease Comps Summary — Lease Comps Report Deals NNN Asking Rent Per SF NNN Starting Rent Per SF Avg. Months On Market 5 $18.32 $22.37 30 LEASE COMPARABLES a 0 In C) 9 B 0 SUMMARY STATISTICS 13 pn®peJotoO 24 Firestone Blvd _ Firestone Blvd $ Lease Comparables Firestone Dental Care r,IHD ciatE: • ;_0'9 Rent NNN Asking Rent Per SF NNN Starting Rent Per SF NNN Effective Rent Per SF Asking Rent Discount TI Allowance Months Free Rent Lease Attributes Months on Market Deal Size Lease Deal in Months Floor Number Peals Low 5 $15.25 2 $22.00 $23.00 0.0% Deals 5 5 1 5 Average $18.32 $22.37 $23.00 1.4% Low Average 5 30 1,260 1,834 60.0 60.0 1 1 Median $15.25 $22.50 $23.00 1.1%. Median 13 1,600 60.0 1 High $23.00 $23.00 $23.00 2.2% High 107 2,520 60.0 1 al A MEISSNER ASSOCIATES Copyrighted report licensed to Meissner Associates - 988353. t4:j Costar" 5/8/2019 Page 1 Lease Comps Summary Property Name -Address QBluestem Plaza 11078 Cimarron St © 6160 Firestone Blvd © 11052 Cimarron St 9 11052 Cimarron St 9 11052 Cimarron St Rating Lease Comps Report Lease SF Leased Floor Sign Date Type Rent * * * * * '', 2,392 1st 5/8/2018 New $22.00/nnn Rents 1,400 1st 5/1/2018 New $23.00/nnn 2,520 1st 4/4/2018 New $17.00/nnn 1,600 1st 4/4/2018 New $17.00/nnn 1,260 1st 4/4/2018 New $17.00/nnn Rent Type Starting Effective Asking Asking Asking 5/8/2019 EMEISSNER ASSOCIATES Copyrighted report licensed to Meissner Associates - 988353. 1;.: CoStar- Page 2 • t z ce--\---c-"ct Lear -Per 4cCe (0E-Loct 1 3485-3487 W 10th St - Centennial Commons (Part of Multi -Property) SOLD Greeley, CO 80634 Recorded Buyer: CWC Income Properties 6 11236 El Camino Real San Diego, CA 92130 Recorded Buyer: - True Buyer: Christopher Weil & Company, Inc. 12555 High Bluff Dr San Diego, CA 92130 (858) 724-6040 Weld County Recorded Seller: West Greeley Associates LLC 8401 S Kolb Rd Tucson, AZ 85756 Recorded Seller: Wilkins Family LLC 717 Grant PI Boulder, CO 80302 True Seller: Charlotte Wilkins Shifrin 717 Grant PI Boulder, CO 80302 (303) 440-9973 Charlotte Shifrin Sale Date: 10/23/2017 (130 days on mkt) Sale Price: $3,427,099 - Allocated Price/SF: $159.02 PrFrma Cap Rate: - Bldg Type: Retail Year Built/Age: Built 1979 Age: 38 RBA: 21,551 SF Parcel No: Financing: - Comp ID: 4037734 — Research Status: Allocated Zoning: C -H 3483 W 10th St - Centennial Commons (Part of Multi -Property) SOLD Greeley, CO 80634 Recorded Buyer: CWC Income Properties 6 11236 El Camino Real San Diego, CA 92130 Recorded Buyer: - True Buyer: Christopher Weil & Company, Inc. 12555 High Bluff Dr San Diego, CA 92130 (858) 724-6040 Weld County Recorded Seller: West Greeley Associates LLC 8401 S Kolb Rd Tucson, AZ 85756 Recorded Seller: Wilkins Family LLC 717 Grant PI Boulder, CO 80302 True Seller: Charlotte Wilkins Shifrin 717 Grant PI Boulder, CO 80302 (303) 440 9973 Charlotte Shifrin Copyrighted report licensed to Meissner Associates - 988353. 7/12/2019 Page 1 Sale Date: 10/23/2017 (130 days on mkt) Sale Price: $1,254,479 - Allocated Price/SF: $108.35 PrFrma Cap Rate: - Bldg Type: Retail Year Built/Age: Built 1979 Age: 38 RBA: 11,578 SF Parcel No: Financing: - Comp ID: 4037734 — Research Status: Allocated Zoning: CH 3489 W 10th St - Building D (Part of Multi -Property) SOLD Greeley, CO 80634 Recorded Buyer: CWC Income Properties 6 11236 El Camino Real San Diego, CA 92130 Recorded Buyer: - True Buyer: Christopher Weil & Company, Inc. 12555 High Bluff Dr San Diego, CA 92130 (858) 724-6040 Weld County Recorded Seller: West Greeley Associates LLC 8401 S Kolb Rd Tucson, AZ 85756 Recorded Seller: Wilkins Family LLC 717 Grant PI Boulder, CO 80302 True Seller: Charlotte Wilkins Shifrin 717 Grant PI Boulder, CO 80302 (303) 440-9973 Charlotte Shifrin Sale Date: 10/23/2017 (130 days on mkt) Sale Price: $768,422 - Allocated Price/SF: $188.71 Parcel No: Financing: - Comp ID: 4037734 Bldg Type: Retail Year Built/Age: Built 2002 Age: 15 RBA: 4,072 SF Research Status: Allocated Copyrighted report licensed to Meissner Associates - 988353. 7/12/2019 Page 2 4 109 E 22nd St - Parkview (Part of Multi -Property) SOLD Greeley, CO 80631 Recorded Buyer: Holstein Self Service Storage LLC 6909 Shannon Ct Loveland, CO 80538 (970) 669-3207 Recorded Buyer: - True Buyer: Holstein Self Service Storage LLC 6909 Shannon Ct Loveland, CO 80538 (970) 669-3207 Edward Klen Weld County Recorded Seller: Ahaddad Llc 11102 Osage St Northglenn, CO 80234 Recorded Seller: Forest Equity Partners 1700 Lincoln St Denver, CO 80203 True Seller: Alex Haddad 11102 Osage St Northglenn, CO 80234 (303) 713-9000 Alex Haddad Sale Date: 06/16/2017 (88 days on mkt) Sale Price: $997,295 - Allocated Price/SF: $110.32 PrFrma Cap Rate: - Bldg Type: Retail Year Built/Age: Built 2004 Renov 2006 Age: 13 RBA: 9,040 SF Parcel No: Financing: - Comp ID: 3932742 — Research Status: Allocated Zoning: C -H 5 117 E 22nd St - Parkview (Part of Multi -Property) SOLD Greeley, CO 80631 Recorded Buyer: Holstein Self Service Storage LLC 6909 Shannon Ct Loveland, CO 80538 (970) 669-3207 Recorded Buyer: - True Buyer: Holstein Self Service Storage LLC 6909 Shannon Ct Loveland, CO 80538 (970) 669-3207 Edward Klen Weld County Recorded Seller: Ahaddad LIc 11102 Osage St Northglenn, CO 80234 Recorded Seller: Forest Equity Partners 1700 Lincoln St Denver, CO 80203 True Seller: Alex Haddad 11102 Osage St Northglenn, CO 80234 (303) 713-9000 Alex Haddad Copyrighted report licensed to Meissner Associates - 988353. 7/12/2019 Page 3 PrFrma Sale Sale Cap Parcel Financing: Price/SF: Date: Price: Rate: 06/16/2017 $487,705 $90.32 - No: - (88 - Allocated days on mkt) Bldg Year Built/Age: Zoning: Type: RBA: Retail Built 5,400 C -H 2004 Renov 2006 SF Age: 13 Comp ID: 3932742 Research Status: Allocated — 6 201 S Elm Ave - The Markets at Maplewood SOLD Eaton, CO 80615 Weld County Recorded Buyer: Sky Inc Recorded Seller: Maplewood I Investments LIc ' 1741 Highlands Sterling Ct Ranch, CO 80126 i. _ , ri a " � True Buyer: Sang Y & Jung J Seo True Seller: Scott W Renfroe , . t .ill-° Sale Date: 02/10/2017 (217 days on mkt) Bldg Type: Retail Sale Price: $3,050,000 - Confirmed Year Built/Age: Built 2004 Age: 13 Price/SF: $171.79 GLA: 17,754 SF Land Area: 2.24 AC (97,574 SF) PrFrma Cap Rate: - Zoning: C Actual Cap Rate: 7.20% Sale Conditions: - Parcel No: 080306218001 Financing: Down payment of $900,000 (29.5%); $2,150,000 from Farmers & Merchants Bank of Colby Comp ID: 3838693 Research Status: Confirmed — 7 3313 35th Ave - The Shops at Ashcroft Heights SOLD Greeley, CO 80634 Weld County Terrifir Recorded Buyer: Chay Loi & Nu To Do Recorded Seller: Brew LIc -`- ..... ., 1985 Tiverton Ave 7251 W 20th St I .a .. Broomfield, CO 80023 Greeley, CO 80634 s' (303) 499-8225 _ . _ .. True Buyer Chay Loi & Nu To Do True Seller: Ehrlich Management LLC Sale Date: 08/24/2016 Bldg Type: Retail Sale Price: $1,175,000 - Full Value Year Built/Age: Built 2001 Age: 15 Price/SF: $90.92 GLA: 12,923 SF Land Area: 0.47 AC (20,473 SF) PrFrma Cap Rate: - Zoning: C-1 Parcel No: 095923010003 Financing: Down payment of $520,000 (44.3%); $655,000 from US Bank Comp ID: 3697012 -- Research Status: Full Value Copyrighted report licensed to Meissner Associates - 988353. 7/12/2019 Page 4 Hello