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Home My WebLink About20172228.tiffAugust 9, 2017 Petitioner: EQUITY ASSOCIATES LIMITED 7203 E 47TH AVENUE DR DENVER, CO 80216-3418 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE: www.co.weld.co.us 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): LICHT & COMPANY 9101 E KENYON AV STE 3900 DENVER, CO 80237 RE: THE BOARD OF EQUALIZATION 2017, WELD COUNTY, COLORADO NOTICE OF DECISION Docket #: 2017-2228 Appeal #: 2008216765 Hearing Date: 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. Section 39-8-101 et seq., considered petition for appeal of the Weld County Assessor's valuation of your property described above, for the year 2017. Account # Decision The Assessment and valuation is set as follows: Actual Value as Actual Value as Set by Determined by Assessor Board R0006490 Stipulated - Approved Stipulated Value $388,564 $342,000 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. Section 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, 2016, MUST comply with the following provisions of C.R.S. Section 39-8-107(5): (5)(a)(I) On and after August 10, 2011, 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 section 39-8-108(1) or a denial of an abatement of taxes pursuant to section 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. Section 39-8-108(1), the rules of Colorado appellate review and C.R.S. Section 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. Section 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, edt?'Le Esther E. Gesick, Clerk to the Board Weld County Board of County Commissioners and Board of Equalization Cc: Christopher Woodruff, Weld County Assessor COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number 80006490 STIPULATION (As To Tax Year.2017^ Actual Value) RE PETITION OF : NAME: Equity Associates Limited ADDRESS: 200 22nd St Greeley, CO Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation regarding the tax year 2017 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: OR IP2e4B IJA BLK2 GREELEY INDUSTRIAL PARK 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 2017: Total S388,564.00 4, After further review and negotiation, Petitioner (s) and Weld County Assessor -agree to the following tax year 2017 actual value for the subject property; Total 5342,000.00 5. The valuation, as established above, shall be binding only with respect to tax year 2017. 6, Brief narrative as to why the reduction was made: Further review of all approaches indicated a reduction in value was warranted. 7. Both parties agree that: ZThe hearing scheduled before the Board of Equalization on (08/02/2017) at (1:30) be vacated. .0006490 A hearing has not yet been scheduled before the Board of Equalization. 1 DRIED this 11 day of July, 2017, Addres 12eviomrJ) T - TeiephanerSM 515-tbitz Number Stip-1.Frm R0006490 '17 (Assistant) County Attorney fo Respondents Weld County Board of Commissioners Address: 1150 "0" Street P.O. Box 758 Greeley, CO 80632 Telephone: (970) 336-7235 -'i F s • r. County A essor Address: 14001' .17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 Esther Gesick i r,.,m: o Se }t: Cc! Subject: Attach ~.eats: Hello Adam, Esther Gesick Thursday, July 20, 2017 5:33 PM adam@lichtco.com CTB-County Board of Equalization FW: Message from LICHT,ADAM (7205487605) re: R0006490 VoiceMessage.wav Per our telephone conversation, I am just writing to confirm that the Stipulation Agreement has been received for Account R0006490, there is no hearing scheduled, and I have flagged the file so that we are sure to provide a signed copy of the Stipulation Agreement, in addition to the actual Determination Letter reflecting the agreed upon value. If you need anything further, please let me know. Regards, Esther E. Gesick Clerk to the Board 1150 0 Street' P.O. Box 7581Greeley, CO 80632 tel: (970) 400-4226 Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure, If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Cisco Unity Connection Messaging System [mailto:unityconnection@uc-cxn-Iadcoco.weld.co.us] Sent: Wednesday, July 19, 2017 3:38 PM To: Esther Gesick <egesick@weldgov.com> Subject: Message from LICHT,ADAM (7205487605) o cL ikst OCOV-fli Cffien-to i/Asco. 9O r 5(42 - ?tit C °dam )'Jtf-eo Levi) rAci -;L2; 1 From: To: Subject: Date: Attachments: Adam Licht Chloe Rempel Petition to CBOE - 200 22nd Street Monday, July 10, 2017 12:06:36 PM Notice of Determination - Weld.pdf To whom it may concern, I have attached the Petition to County Board of Equalization for 200 22nd Street (account #R0006490) to this email. There are a total of 8 pages in the petition. Please verify that you have received the petition, and all of the pages by email at ada m lichtco.com. If there are pages missing, or if you have any questions, please call me at 720-548-7605. Thank you, Adam Licht Licht & Company, Inc. 9101 E Kenyon Avenue Suite 3900 Denver, Colorado 80237 Phone: 720-548-7605 adam@lichtco.com NOTICE OF DETERMINATION Christopher M. Woodruff Weld County Assessor 1400 N 17thAve Ave Greeley, CO 80631 Date of Notice: 6/30/2017 Telephone: (970) 353-3845 Fax: (970) 304-6433 Office Hours: 8:00AM - 5:00PM ACCOUNT NO. TAX YEAR I TAX I AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R0006490 2017 0600 SR IP2-4B L4 BLK2 GREELEY INDUSTRIAL PAR K -- - - EQUITY ASSOCIATES LIMITED 7203 E 47TH AVENUE DR DENVER, Co 80216-3418 200 22ND ST NEN . GREELEY , CO E ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW COMMERCIAL 388,564 388,4 TOTAL $388,564 $388,564 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: CM05 - The law requires that data from Jan 2015 to June 2016 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. 1 Please refer to the reverse side of this notice for additional information. Agent (If Applicable) : LIGHT & COMPANY 9101 E KENYON AV STE 3900 DENVER, CO 80237 16 -DPI -AR PR 207-08/13 R0006490 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 24th through August 4th 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 de[iver a copy of both sides of this form to: Weld County Board of Equalization 1150 O Street, P.O. Box 758 Greeley, CO 60631 Telephone: (970) 356-4000 ext, 4225 Online: http://www.co.weld.co.us/appsJcboe/ 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 1313 Sherman Street, Room 315 Denver, CO 80203 (303) 866-5880 www. dola. coiorado. govtbaa 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, t 39-1-120(3), C. R. S. 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. PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2016? (Your opinion of value in terms of a specific dollar J.amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) 2.25C,L3 L3 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.) 1 e.. 1-, - hcsooteLk -'k- �-, � - .. Qf i /WS Cr (lc t.. 4 t t a. ► ESTATION 00 1 isboos. P . E I, the undersied owner or agent' of the property identified above, affirm that the statements contained herein and n y ;#t- ents hereto are true and complete. Telephone Number Signature CLIO( k .1.S1 CCL> ttckktocon. Email Address 'Attach letter of authorization signed by property owner. 117/ Date 16 -DPI -AR PR 207-08/13 R0006490 (ICH! d COMPANY INCORPORATED May 26, 2017 Assessor Weld County Re: Address: 200 2" Street Schedule Number: R0006490 Dear Assessor, We represent the owner of the above referenced property. We appeal its 2017 actual value, Your office has valued the property at $388,564. We estimate the actual value to be $250,000. The property is a 5,000 square foot service garage, The property is owner -occupied. Your office has valued the property at $64.76 per square foot. We have identified the sale of two service garages that sold in the base period. The Costar Comps information from the properties are attached, The sales do not support your assigned value. Please reduce to $5OO0 per square foot. Please notify us of your decision at: Licht & Company, Inc. 9101 E. Kenyon Avenue, Suite 3900 Denver, Colorado 80237 Respectful Howard M. Licht President 9101 E. Kenyon Ave., suite 3900 • Denver Colorado 80237 • Phone 303.575.9306 • Fax 303.575.9307 C:tU ersWubiietDocurnems IQWARD WORDi2OI7 appcaJ Iantdocx ede • Greekey,•CO 80631 Sale one419/2015.for $417,500 ($5i":99/SF) - Pu Plc Record • :r .?,200 SF Class. B Service Building Built: in 1979 • ~ }:• • al • i • } * _ ,•J _ . • t.g • -••_ • [, • ' - • 75 • _ _ L • •r_'••J �iy n - - : _ i:r•r'•- Jam• •<. ▪ C. { : !�,Jfc r , ti •'aJ 414Le .t ,:.!: •,,,,r�e;L j :` } 1z, it Z . ari jti -• L:.=: r.+�._ - ".- _ _.r `` ; 4c, {i�d� r,•t. .+g is 1. S•+ 1 • - 1}•: z.17• r- �. yJ"F' ,V' G I r'{ -' •7i• r �. - i. • }:.:i. f r • ��r6 � t Rh '.f J e: :'-r 'ICI gii:i.. .•i l::t ... :� i rl. �rS�}ti 7ftt; r:4`-[ I - Ir 1 d .r - s t ..... ,i7-- • 1-t n •�, i�`r 1,- 1t v it t r •. • rr} �..r: ty , ` i;f- ,$y..+l tirL5,- reit ^ �I. ." i:1 -Lei .`•y! jtg 91-.- a -IL '#r..r ..[-. I°• • • rrY •' 4J. :r•. .1 4 R�Y•J-'r•��z LL. C a. 4iTf • -:%.•-. L r :tip 4 SySY 4••... • aili•a��.y{ . ♦il:Leer i •'••i• 1 �4 ' tip-S� - _ 4 G t. s. 7l_ kV'M X14: tin; -.. Sv w. air _ S 9 J• - L a,.• • • ••.t • mill • 4094-1144 7.,�Ta\rr • a - n�.;• ^}--jt-�. •- ,it �C';z�• •` 1r4F,-s f:if+Y�t'S'�,. sr:1 i -- `t _a -"A-7 ':•� .i: ti f � - r,r i .t SlM1y.2: • �i z ... :all : rt � y 7s _ a ` ry �j•'�+4i '• ti•alr n�� .i•Jf• •1j ?f_ l� i_.::��z►..-1t� - �- t �•Y� r • fit r, • / r -_ L7.! • -.- • j •rib - 4 • - _ • • • •• • • f T . '. 1' • -7 • r - • • • • • •••r. • - • f • • [ - 1. • • • • .� _ • :[ r .. . r ( _ _ _ _ _ _ • _t _ _ _• •a.� •_' FRS-r�l ' a • f;:k �• V C L -r-- - - _ �• _ .. p' . }l data '\IhI 2Y . V 'S_� 1e • •It:• • •-.-. ter'•- •• - .• _ _i S' ? • • - • • . ; - - _• • _•_ ell S 4 e�' r1 a •-�_.".?..i.... . i yJ 4 _ r_ •_• .•9L -•.fl • ..-•�- 1 . - . _ • �h•:'1.4• 4.:_Y!--2•••• -aa••s_•.�....•ar.a 'y •F UJ .c_ ••I....J_ ....• t' . •. ;Blair •.+••amt. -. --.-. • .. 4 __ - ._•.. it.sak JJ4rt.K.iif916r.` __ .a•.1 - I S:_-&•."41.Tr.t.lca rdr.t-.wI1.'rsa.._—r•31fW,y.\a....s -,—..•sl•4:4' e... - •r-. r 1e..• . .« `•f • +_es, ft F- ' - t�l�_•: C• • r t s - • - • t::•. •d ! `� - f• -� ye- • `v • •- •- -• • • I • • - Cal flyt e• • mir• e r- • ! ?Ill St u 500 yek canalassises•mrsearnreverwarel Recorded Buyer: Wholesalers Property Co Llc 3110 Kettering Blvd Moraine, OH 45439 •• •, n • ' _..L - s,• aa.••w••_•..••.RMJ:`YY.0J _ Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: No. of Tenants: Tenants at time of sale: Parcel No: Document No: Sale History: 9 Recorded Seller Denver Peetz Lie Transaction Details i.. • _.—.. AL.Lh' ...JA• ,n- -• •• r •J •._onLe .ea f".• Ir lelemathara --y .i'•4a.R a.a • • ea; -.-:a_.,j'. . ▪ -.•.• ma 04/09./2015 $417,500 i $9.58 100.0% Single Sale Type: Bldg Type: Year Built/Age: RBA: Land Area: Percent Improved: Total Value Assessed: Improved Value Assessed Land Value Assessed: Land Assessed/SF: 1 Greeley Winnelson Co 096108408027 4097435 Sold for $417,500 ($51.99/SF) on 4/9/2015 Sold on 1/5/2015 Copyrighted report licensed to Licht & Company, Inc. -16996. - • ,• -' — ""— .. • a . ▪ . • ID: 3282990 ••wwars alast4..•rJt4i1•ti.a—ba.arg•a.ahco.-J -:a s_-w•—w.JR. mar., veel,. a, .i•. a - •—•.,•a_— Service Built in 1979 Age: 36 47,200 Bi=•. t 7400 1 AC (43,560 SF) 69.3% $78,080 in 2013 $54,080 $24,000 $0.00 5/1012017 Page 1 1•1- ��i�•' •. •'_• ��i. z'_R �. �'^`s•.•5:7.7; . •.- ,_- . t i_.l .r •. •9 ._.4ar•_/' - - — r _-_ fr .. - . - '-1.•}.—i. — :ti•,y-:.1f t••M1: L'>.�}'et .r • r•_te; -., P_-T_+,'�_J'.�%:•4..�.fi:' [..i='. " ..•• • _—. . _ • 'i^ •e r.%�'•-- - •- :f'1 --- S?:—>.-- _ai -f.r� .v-•_ .711r•alfr"� �_� �-: S•vl-a _. ti.-• t_ r-' •_ • r _ �_�1 �r�• 20Q SF.r _ _ _- T Class Senn" .�t,i��di�t. Built in (con't) o'. ;Af`1 . .—.: �,;• � : _... 's - :. ,.._ �. __ _. ` 1•. �"' _ .YL:.�r Jj nr..�ir �6. _�.rv. .� ".•rr �- ••Tt �•a-s.f-y.i� Q?124,{� .7 •�a•1 f - 51'� •• i•+• _ ` .• 1tVA� ` r rIfti '•f •• _ 1�'r:5• LSti •• •. - �v .,- •_!• •h-. il�• •:'fit i _ t• !» ".a• a : • _ca.1 8`.. qtr• _ 1+ 4 .•. r. etC• _ • • • ... -sue-. t-• .- 1rit a Expense Data d42sr-�--a� !1�a _ . -• 4.5▪ � q:..m.-. Expenses - Taxes - Operating Expenses Total Expenses $5,464 _:.r :. • -•. 8.6:f.•.i�F•C,-.—•••se-•.isri..r.. t ...•.,• .&n_.. -Ps -.Wir"•-••Liam. -_".... Bldg Type: Service Bidg Status: Built in 1979 Rent/SF/Yr: Bldg Vacant: 0 SF Building FAR: 0.17 Office Avail: 0 SF Max Contig: - Smallest Space: Land Area: 43,560 SF Lot Dimensions: Ceiling Height: Loading Docks: Cross Docks: s. - None (bldg. total) Drive Ins. 7/9'0"w x 14'0"h (total) Sprinklers: Rail Line: None Expenses: 2016 Tax @ 1.721sf $6,464 Current Industrial Information _ r _ .•;�� . • - �.:. __. • f _ - • ID:152788 s. rT--Ts.-!7M1.M.'M1!'Ff -.. ..r..._•:,� J. •_. --—.}T-.�•-�l-f�.. +�+�i•lrw+e� _. .I..�f ..r �—.�r�� 7 - biflllnR�IL�YL�..'sw.�w.L•.—may.--..r-.Sa..itiF ei.•1 •s4Z� RBA: 7,200 SF % Leased: 100.0% Stories: 1 Total Avail: 0 SF Warehouse Avail: 0 SF CAM - Zoning: Owner Type: Owner Occupied: No Tenancy: Single Column Spacing: Levelators: Crane: Ccnst Type: Rail Spots: Parking: 10 free Surface Spaces are available; Ratio of 1.3911,000 SF Features: Fenced Lot —..sae... Metro Market: Submarket: County: CBSA: CSA: DMA: • Location Information -- Denver Weld County Ind/Weld County 1rid Weld Greeley, CO Denver -Aurora, CO Denver, CO -WY -NE • None Metal copyrighted report licensed to Licht & Company, Inc. - 16996. 5/10/2017 Page 2 -•.1 I•• 11 39th .. �� . • • • : _care - ..a- .r. _•. • �,•. •_ g~ e, P. • '-LI - —'.r:ai • _ 9i?•ij. • A.L •9P•-.-. ••;r J'- t',- •ee - • e s• •.• _ e.- - _ Y i•. eat do, 41 ill ic)i ar •; f • { •• J • ems lr• -• t:iar •ti e• a Sf • :•;......2d...!... := '.. e :a_ er,1 ••� r!•. -t .. • _ - eb •.' art •,r _ZEN mss. •-•r•51-ham•'. L • .. • -- .---- • I _ _ .. a - t_ - . __ _ - +J-1 •-•... '.laL,. .. .a r - .- .'v♦ _-.._,. •.�f - •,• ... •• >• s-_ ,{- —• — '♦ - Fr ▪ • --1.64.1- • —. �.r—r s. —u ._� arawiJCG�W�4Y:'•;.a\ Recorded Buyer: True. Buyer Buyer Type: Buyer Broker: •y • .• Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: No. of Tenants: Tenants at time of sale: Financing: Parcel No: Document No: Dan Baker Dan Baker Dan Baker 21042 Peckham Dr La Salle, CO 80645 (970) 284-7807 Individual Cushman & Wakefield Jared Goodman (970) 267-7723 • - PYf ,H• 7w.ra ra.ra.p.P.r,S,L.r. • • v a. • i se - I _ r • 1 • r• • • `• r • • • c°_'- C ) • raj ;i. • ,r • - - _ ,—.. & Buyer.l rto-lrrf- 1 �t �• ry -- s - .., d5 -• - r••-_ 1:••.•--.-.••a_ - e 4--.a._3- s d6c•.r _• .w� „,;;; u:�u La;An_ - :� iac_i. ^ aw....•-•_. .. r - •' fr • T• rCte 4- i - .• • ' - •• .. - L_- -a -' — - - •-{•_ a ; _ • • • - - j•••▪ -•.• e • _ f 4_ 3 r. fl rri l_ !•=d • Recorded Seller: True Seller: Seller Type: Listing Broker: r' • • • z� '-- '1 •_• —. • •' '- •.. — -- Jr• _ - a. R 40th S- Clark Sloan Clark Sloan Clark Sloan 20509 County Road 20 Fort Lupton,, CO 80621 (303) 536-0777 77 Corporate/User Cushman & Wakefield Jared Goodman (970) 267-7723 a- row Jid Map data P001 a•llererassftar.• C.700 -ale .aas- - a.1•Y•.•+.-.-•:YrJn� --r-w •'•. • w• • a • .M+-•I---.ee.-----•---•-•-en -- .-+r ..•••-• -4•+Y ,W.. P.A r --rem ..� •w-- i_•rr •e.. a ar—e•r- . ♦J.a:-ry •.-.• .a- - ...-.wwe• •�a.P1• Transaction Details ' _ `i '. _ le, I - Ili. 2980145 Y -s a •_ st• a— +�if�•_m..-__ a-- a— aw•_• -r - Vii-•-•ss+v�r •.� .._.._ • • .rr•—•-�• Y a-•r�•Jr 0310412014 (224 days on market) $270,000sConfirmed $280,000 $52.94 $22.96 100.0% Single 1 Dan's Garage Down payment of $270,000.00 (100.0%) 096129214012 4000426 Sale Type: Bldg Type: Year Built/Age: RBA: Land Area: Percent Improved: Total Value Assessed: Improved Value Assessed Land Value Assessed: Land Assessed/SF: OwneriUser Service Built in 1980 Age: 34 5,100 SF 0.27 AC (11,761 SF) 84.4% $44,370 in 2012 $37,470 $6,900 $0.00 Copyrighted report licensed to Licht & Company, Inc. - 16996. 5/10/2017 Page 3 tit Sale His€ory►: Sold for $270,000 ($52.94/SF) on 3/4/2014 Sold for $109,000 ($21,37/SF) on 6/15/2010 Expenses __ • w' • • • _ Tra sactic n N tes • . • — --.,-- �r � • ._. • .. - -. ..�.. e. _ .�. _- .- .rdt....._�......-...._-��_�'-�}-.�.., =tee... -S • _� • 's- '.v _- t� • The 5,100 SF industrial building located at 711 39th Street in Evans, CO sold on 3/4/2014 for $270,000. No conditions of sale were reported and this was considered a market value transaction. Information contained in this comparable has been confirmed with a broker involved in the transaction. They confirmed the location, size, date, parties involved, and price. Information was also based on recorded documents and county assessor information. - -f Income" Expense- Dart= - Taxes - Operating Expenses Total Expenses _ _ I .•...M.�.,,_...., • �_'r.1ll. r _ $3,745 $3,745 t �.._.,___.- Currant _I ustrlai' Inf•otnhattoR .• _ _• :.._. Bldg Type: Bldg Status: Rent/SF/Yr: Bldg Vacant: Building FAR: Office Avail: Max Contig: Smallest Space: Land Area: Lot Dimensions: Ceiling Height Loading Docks: Cross Docks: Drive Ins: Sprinklers: Rail Line: Expenses; .+Wa____ Service Built to 1980 0SF 043 0SF MI 11,761 SF None (bldg. total) 1 (total) r None 2016 Tax © $1.19/sf Rower: 3p Location Information Metro Market: Submarket: County: CBSA: CSA: DMA: RBA: % Leased: Stories: Total Avail: Warehouse Avail: CAM Zoning: Owner Type; Owner Occupied; Tenancy: Column Spacing: Levelators: Crane: Const Type: Rail Spots: at. Denver Weld County Ind/Weld County hid Weld Greeley, CO Denver -Aurora, CO Denver, CO -WY -NE 5,100 SF 100.0% 1 4 SF O SF - I Individual No Single w None None Reinforced Concrete None lel:7283081. Copyrighted report licensed to Licht & Company, Inc. -16996. 5/10/2017 Page 4 APPOINTMENT OF AGENT May 24, 2017 Licht & Company, Inc. is authorized to represent EQUITY ASSOCIATES LIMITED in property tax valuation matters for tax years 2017 and 2018. Please contact Licht & Company regarding all property tax issues. The property is indicated below: 200 22nd Street Weld County Schedule # 110006490 AGENT: Licht & Company, Inc. 9101 E. Kenyon Avenue, Suite 3900 Denver, CO 80237 Phone; (303) 575-9306 Fax: (303) 575-9307 State of Si _ ture Date Na Title: Company: Phone Number: &eilectezezeP6 MANA e Zia 1 A County o ri S3'_ The foregoing instrument was acknowledged before me this 024 day of . .��.- , 201 7 , by -\kaivtaiLti WITNESS my hand and official seal My commission expires.. MARILYN Mt BY 7 NOTARY PUBLUC STATE OF COLORADO NOTARY ID 19994021152 I -MY COMMISSION EXPIRES 1112 019 Hello