HomeMy WebLinkAbout20172467.tiffAugust 9, 2017
Petitioner:
ARCP UL GREELEY CO LLC
PO BOX 460369
HOUSTON, TX 77056-8369
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):
PARADIGM TAX GROUP LLC
383 INVERNESS PARKWAY SUITE 120
ENGLEWOOD, CO 80112
RE: THE BOARD OF EQUALIZATION 2017, WELD COUNTY, COLORADO
NOTICE OF DECISION
Docket #: 2017-2467 Appeal #: 2008217030 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
R4997608 Stipulated - Approved
Stipulated Value
$3,102,120 $2,885,464
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,
W',d4tLe .r+A
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 R4997608
STIPULATION (As To Tax Year 017. Actual Value)
RE PETITION OF
NAME: ARCP UL GREELEY CO LLC
AID' 'SS. 4126 Centerplace Dr
Greeley, CO
.
r
r .� T• •,J i i t i i i.i;f R l..V i i i t y V �' �'t �V'rJ i r. -
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:
I , The property subject to this Stipulation is described as:
GR 3 CP L3 BLK I CENTERPLACE PHASE 3 MINOR
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 $3,102,120.00
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 $2,885,464.00
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 to value indicated an adjustment,
7. Both parties agree that:
ZThe hearing scheduled before the Board of Equalization on 8/3/2017 at
9:00 AM be vacated,
DA hearing has not yet been scheduled before the Board of Equalization.
R4997608
1
DAT
20 h day of July, 20176
P—eritiofier(s) or Abe o '�f�orney
Address:
Telephone:
Docket Number
Stip-1•Frm
R4997608
fY.
(Assistant) County Attorney 10
Respondent, Weld County Board of
Commissioners
Address:
1150 "O" Street
■ ta Box 758
Greeley, CO 80632
Telephone;(870) 336-7235
sty
County // aessp r
Address:
1400 N.l7th Avenue
Greeley, CO 50631
Telephone: (970) 353-3845 ext. 3697
2
NOTICE OF DETERMINATION
Christopher M. Woodruff
Weld County Assessor
1400 N 17th Ave
Greeley, CO 80631
Date of Notice: 6/30/2017
Telephone: (970) 400-3650
Fax: (970) 304-6433
Office Hours: 8:00AM — 5:00PM
ACCOUNT
NO.
TAX
YEAR
TAX AREA
LEGAL
DESCRIPTION!
PHYSICAL
LOCATION
GR 3CP L3 BLK1 CENTERPLACE
R
PHASE 3 MINO
R4997608
2017
0683
PROPERTY OWNER.
ARCP
PO
HOUSTON,
80X
UL
460369'RECEIVE
GREELEY CO LLC
TX 77056-8369
4126 CENTERPLACE DR
GREELEY , CO
JUL i 8
WELD COUNT'i
2Q17
COMMISSfQNEF
PROPERTY
CLASSIFICATION
I
ASSESSOR'S VALUATION
ACTUAL
VALUE
REVIEW
PRIOR
TO
ACTUAL
VALUE
REVIEW
AFTER
COMMERCIAL
3,102,120
3,102,120
TOTAL
$35102,120
$30025120
The Assessor has carefully studied all available information, giving particular attention to the
specifics included on your protest. The Assessor's determination of value after review is based on
the following:
C 05 - 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.
Please refer to the reverse side of this notice for additional information.
Agent (If Applicable)
PARADIGM TAX GROUP LLC
383 INVERNESS PARKWAY SUITE 120
ENGLEW00a, Co 80112
16-DPT-AR
PR 207-08113
R4997608
S
2017-2467
n any att
rrC
Signature
Email Address
APPEAL PROCEDURES
County Board of Equalization Hearings will be held from
July 24th through August 4th at 1150 0 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 0 Street, P.O. Box 758
Greeley, CO 80631
Telephone: (970) 356-4000 ext, 4225
Online: llttpliwww.co.weld.co.usiappsicboei
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,coloradosiovibaa
Binding Arbitration
For a fist of arbitrators, contact the County Commissioners at the address listed for the County Board
of Equalization.
If the date for filing any reports schedule, claim, tax return, statement, remittance, or other document
falls upon a Saturday. Sunday, or legal holiday, /t shall be deemed to have been timely fried if filed
on the next business day, 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
spec is dollar a our t, quired for real property pursuant to § 9-B-�10600.5)., C.R, S.)
S._ 1 7( i ='"
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.)
ssc, tea CiLi4sarlatia..Q
a
ATTESTATION
e undersigned owner or agent' of the property identified above, affirm that the statements contained herein
.s hereto are true and complete_
na:era NI
clime
Telephone. Number Date
1 Attach letter of authorization signed by property owner.
16-DPT-AR
PR 207-08113
84997608
Paradigm
May 25, 2017
383 Inverness Pkwy
Suite 120
EngTewood, Co 80112
Weld o u my Assessor's Office
PO Box 758
Greeley, CO 80632
RE: 4126 Centerplace Dr
Parcel No.0959l44l6003
To the County Assessor:
720.930 4846 Phone
www.paradigmtax.com
Attached is the Assessor printout for the above referenced parcel(s). Subject property proposed
value for 2017 is $3,102,120, $315 per square foot. This letter hereby protests the 2017 value.
Attached is an agent authorization.
Subject property is a 9,848 square foot single tenant retail store built in 2014.
The subject property increased 117% from its 2015-2016 assessment. We recommend a value of
$2,500,000 or $253.86/SF for this property based on the subjects actual income during 2015-2016.
Attached is our income pro -forma and the 2015-2016 rent roll and income and expense data for
your review.
We respectfully reauest su b ect be reduced to. $.2,500.000 or 2 3.85/SF+
Thank you in advance for your help and consideration,
Rebecca Helm
Paradigm Tax Group
LETTER OF AUTHORIZATION
TO: Weld County Assessor and others to whom it may concern
RE: ARC? IlL GREELEY CO LLC
4126 Centerplace Dr
095914416003/R4997608
This letter wilt introduce the firm of Paradigm Tax Group, which is authorized to represent
ARCP UL GREELEY CO LLC concerning Ad Valorem Taxes on real property for 2017-18. This
authorization letter will supersede any previous letters of authorization on file.
Paradigm Tax Group is authorized to review and receivecopies of any current and prior year's property
tax information, to investigate appraisals and assessments, to submit income and expense information, to
appeal property values and taxes, to receive tax bills, to make any necessary corrections to the taxing
authority's records, to appear before administrative boards or agencies and where authorized, to appear
before courts of competent jurisdiction and to prepare to take such actions in our offices as necessary to
effectuate same. Paradigm Tax Group is authorized to act as agent, and/or attorney in fact, with those
aforementioned rights on this property owned or controlled by the undersigned entity.
A photographic or facsimile copy of this authorization and my signature may be deemed to be the equivalent
of the original or may be used as a duplicate original.
The rights, powers, and authorization of Paradigm Tax Group herein granted shall commence upon the
execution of this letter of authorization,
ACCEPTED:
ARCP UL GREELEY CO LLC
Signature:
Lon Eichberg
Print Name:
Title: Sr. Director ST Property Management
Date: 6/5/17
WELD COUNTY ASSESSOR
CHRISTOPHER M. WOODRUFF
1400 N 17TH AVE
GREELEY, Co 80631
DATE; May 1,2017
R4997608
ARCP UL GREELEY CO LLC
PC) BOX 460369
HOUSTON TX 77056-8369
COMMERCIAL
CLASSIFICATION
TAX YEAR
2017
2017 REAL PROPERTY NOTICE OF VALUATION
Phone: (970) 400-3650, Fax: (970) 304-6433
Office Hours: 8:00 a.m. - 5:00 p.m. M -F
appeals@weidgov.com
www.weidgov.com
TAXPAYER COPY
TAX AREA CODE PROPERTY DESCRIPTION (MAY NOT BE COMPLETE)
0683 095914416003
GR 3CP L3 EBLK1 CENTERPLACE PHASE 3 MIND Ft
PRIt1R YEAR ACTUAL UARLIE
CURRENT YEAH ACa UAL VALUE
1,428.035 3,102,120
1,428 035
3,102,120
it 014 • GHANU1
+1,574,085
+1,574,055
Using the above values, the estimated tax based on the der year value was 530,012.
(Using the above values, the estimated tax based on the current value is $664933,
This results in an increase of +$30,121. This estimate Is based on 2016 tax rates. You will receive a tax bill In 2018.
The current year tax amount Is merely an estimate based upon the best information available. You have the right to protest the adjustment in
valuation, but 1hs estivate of 1aKes, 39-5-12 1(1,5) C.R.S.
For specific property characteristic details, please see the Building information and Valuation Information Tabs on your Property Report,
:L PLEASE REFER TO THE BACK OF THIS FORM FOR GENERAL INFORMATION CONCERNING YOUR PROPERTY VALUATION ANO YOUR APPEAL RIGHTS.
5353
Paradi! m
Property Information
Property Name:
Ulta- Greeley
Parcel Number(s):
-
095914416003 (84997608)
Location:
4126 Cen to rplace Dr, Greeley,
CO 80634
Property Type:
Retail - Single Ten
Tax Year
12017
NRA:
GM:
• 9,963
9,963
0CC
1+00,00%
'MCI
2014
Income Information
Income
Rental Income
Vacancy & Collections
Recoveries
Other
Gross Income
Expenses
Net Operating Income
Capitalization Rates
Cap Rate
Tax Rate
Overall Cap Rate
Indicated Value
Less Lease Up Costs
Indicated Value
Noticed Value
2016
Actual $/5F
$219486 $22.00
75.38
$71,583 $7.18
24.62%
so
$0.00
0600%
$290,769
$29.18
100.00%
730082 $7.34
25.13%
$217,687 $21.85
99.32%
8.00%
0.00%
8.00ti
$2,721,082 I $273.1
$2,721,082 I $273.12
3,102,1701 $311436
Market $ISF
$209,223
$21.00
77,85%
($10,461)
($1.05)
5708000
$7.03
5.00%
26.05%
So
$000
0.00%
$268,762 $26.98
100.00%
$70,000 j $7.03 26.05'
$198,762
8.00%
0,00
8.00%
$19195 95.00%
$2,484152q$24938
$2,484,523 1$249.38
$3,102,120 I $311.36
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Database: COLECAPITAL
ENTITY: PT4886
Accrual
Income Statement
Financial Reporting - Income Statement
Cole Capital
ARCP UL Greeley CO, LLC
Thru:
Page:
Date:
Time:
1
2/24/2017
12:36 PM
Year -To -Date
12 Months
Dec 2016
REVENUES
RENTAL & OTHER INCOME:
Rental Income
Rental Income - Straight Line Rent
TOTAL RENTAL & OTHER INCOME
TENANT REIMBURSEMENT INCOME:
Tenant Reconciliation Income
Tenant Reimbdrsemenl Income
TOTAL TENANT REIMBURSEMENT INCOME
Earned Income from Direct Financing Leases
INT, INCOME ON MORTGAGE NOTES RECEIVABLE:
TOTAL INT. INC. ON MORTGAGE NOTES RECEIVAI
INTEREST INCOME ON MARKETABLE SECURITIES:
TOTAL INT. INCOME ON MKTABLE SECURITIES
OTHER OPERATING INCOME
TOTAL OTHER OPERATING INCOME
TOTAL REVENUE
EXPENSES
Compensation Expense
GENERAL & ADIMIIN, (LEGAL & AOOT):
TOTAL GENERAL & ADMIN (LEGAL & ACCT)
GENERAL & ADMIN (TAXES)
GENERAL & ADMIN (TAXES)
GENERAL & ADMIN (ESCROW & TRUSTEE FEES)
GENERAL & ADM (ESCROW & TRUSTEE FEES)
GENERAL & AMIN (OTHER):
Licenses & Fees r Other
GENERAL & ADMIN (OTHER)
219,166.00
11,432.52
230,618.52
1,680.55
69,901.97
71,582.52
0.00
0.00
0.00
302 201.04
0.00
0.00
0.60
0.03
468.60
413&,OU
Database: COLECAPITAL
ENTITY: PT4886
Accrual
Income Statement
Financial Reporting - Income Statement
Colo Capital
ARCP UL Greeley CO, LLC
Page:
Date:
Time;
2
2124/2017
12:35 PM
Thru:
Year -To -Data
12 Months
Dec 2016
TOTAL GENERAL & ADMINISTRATIVE
PROPERTY OP. EXPENSES (PROPERTY TAXES):
Reimb - Property Taxes
TOTAL PROPERTY OP. EXPENSES (PROPERTY TI
PROPERTY OP. EXPENSES (REPAIRS/MAINT.):
Reimb - Landscaping Contract Maintenance
Reimb - Snow Removal
Reimb - Parking Lot Sweeping Services
Reimb - Parking Lot Lighting SeRfices
Reirnb - Parking Lot Repairs
Reimb - Janitorial Services
TOTAL PROPERTY OR EXPENSES (REPAIRS/MAlt
PROPERTY OR EXPENSES (BAD DEBT):
TOTAL PROPERTY OP. EXPENSES (BAD DEBT)
PROPERTY OP. EXPENSES (INSURANCE):
Reimb - Insurance - Property
Reimb - Insurance - General Liability
Reimb - Insurance - Loss of Rents
TOTAL PROPERTY OP. EXPENSES (INSURANCE)
PROPERTY OP. EXPENSES (OTHER):
Legal Fees - Property Level
TOTAL PROPERTY OP. EXPENSES (OTHER)
TOTAL PROPERTY OPERATING EXPENSES
PROPERTY & ASSET MANAGEMENT FEES:
PRO PERTY MANAGEMENT FEES:
TOTAL PROPERTY MANAGEMENT FEES.
ASSET MANAGEMENT FEES:
Asset Mgrnt Advisory Fees
TOTAL ASSET MANAGEMENT FEES
TOTAL PROPERTY & ASSET MANAGEMENT FEES
ACQUISITION COSTS EXPENSED:
TOTAL ACQUISITION COSTS EXPENSED
468.00
51,534.00
51,534.90
3,150.00
7i205.25
2j 00,00
875,00
325.00
3,640.00
17,295,25
0.03
744.42
2D9.16
118.24
1,071.82
3,180.00
3,180,00
73,081.97
0.00
10,534.42
10,534.42
'0+534.42
0.00
Databases COLECAPITAL
ENTITY: PT4085
Accrual
Income Statement
Financial Reporting - Income Statement
Cole Capital
ARCP UL Greeley CO, LLC
Page:
Dale:
Time:
2/24/2017
12:38 PM
Thru:
Year -To -Date
12 Months
Dec 2016
DEPRECIATION & AMORTIZATION:
DEPRECIATION:
Depr. Expense - Building Acq.
Depr. Expense - Tenant Improvements Acq1/2
TOTAL DEPRECIATION
AMORTIZATION:
Amortisation Expense - Leases in Place
TOTAL AMORTIZATION - LEASE INTANGIBLES
TOTAL DEPRECIATION & AMORTIZATION
Impairment of Real Estate Assets
TOTAL OPERATING EXPENSES
OPERATING INCOME
OTHER INCOMEI(E DENSE)
EQUITY IN INCOME OF UNCONSOLIDATED JV
EQUITY IN INCOME OF UNCONSOLIDATED JV
INTEREST & OTHER INCOME
Other Non -Rental Related Income
TOTAL INTEREST & OTHER INCOME
INTEREST & OTHER EXPENSE:
INTEREST EXPENSE:
TOTAL INTEREST EXPENSE
AMORTIZATION:
TOTAL AMORTIZATION -DFC
OTHER:
TOTAL OTHER
TOTAL INTEREST & DTHER EXPENSE
49,782.70
4,548,77
54,331.47
51,245.42
51,245,42
105,578.89
0.00
189,081.28
112,539.76
0.00
1,143.00
1,143,00
0.00
0.00
0.00
0.00
Database COLECAPITAL
ENTITY: P14886
Accrual
Income Statement
Financial Reporting - Income Statement
Cole Capital
ARCP UL Greeley CO, LLC
Page: 4
Date: 2124/2017
Time: 12:35 PM
Thru:
Year -To -Date
12 Months
Dec 2016
TOTAL OTHER INCOME/(EXPENSE) 1,143,00
NON -CONTROLLING INTEREST IN EARNINGS
0.00
NET INCOME 113,652.75
Paradigm
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383 triverness Parkway
Suite 120
EngIeweod, CO 80172
Beth Diehl
Managing Consultant
bdiehtetparatliginlax.com
Phone 720,381,2247
Cell 72O 334.384
WWWparar jgrrrt ,corn
Paradigm Tax Group
383 Inverness Parkway
Suite 120
Englewood, CO 80112
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1150 O Street
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Greeley, CO 80631
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