HomeMy WebLinkAbout20152530.tiff CLERK TO THE BOARD
�'"N 1861 ! -nse PHONE ( 970 ) 336-7215 , EXT 4226
FAX ( 970 ) 352 - 0242
WEBSITE : www . co . weld . co . us
1150 O STREET
WrIt-� -- � GREELEYP . O632
CQU _TY-t
August 5 , 2015
HEARTLAND FINANCIAL USA INC
2002 E COALTON RD
BROOMFIELD , CO 80027
RE : THE BOARD OF EQUALIZATION 2015 , WELD COUNTY , COLORADO
ADMINISTRATIVE DENIAL OF PETITIONER ' S APPEAL AND AFFIRMATION OF
ASSESSOR ' S VALUE
ACCOUNT NO . : R4335406
Dear Petitioner'.
On July 30 , 2015 , 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 your request for an Administrative Denial of your petition for appeal of the Weld
County Assessor' s valuation of your property described above , for the year 2015 .
The Assessment and valuation is set as follows :
ACTUAL VALUE AS ACTUAL VALUE AS
DETERMINED BY ASSESSOR SET BY BOARD
$ 1 , 967 , 600 . 00 $ 1 , 967 , 600 . 00
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 .
2015-2530
AS0091
All appeals to the Board of Assessment Appeals filed after August 10 , 2015, MUST
comply with the following provisions of C . R . S . Section 39 -8 -107 ( 5 ) :
( 5 ) ( a ) ( I ) On and after August 10 , 2015 , 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
Y g subject p p Y
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 .
2015-2530
AS0091
4
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: 303-866-5880
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.
2015-2530
AS0091
If you have questions concerning the above information , please call me at ( 970 ) 336-7215 ,
Ext . 4226 .
Very truly yours ,
Pfatitit4A) cielgo ;ok
Esther E . Gesick , Clerk to the Board
Weld County Board of County Commissioners
Cc : Christopher Woodruff, Weld County Assessor
JOSEPH C SANSONE CO
18040 EDISON AVE STE 400
CHESTERFIELD , MO 63005-3702
2015-2530
AS0091
Rafaela Martinez
From: Courtney Anaya
Sent: Wednesday,July 22,2015 8:11 AM
To: Esther Gesick;Rafaela Martinez
Subject: FW:Appeals we will take administrative denials for(2nd group)
More Admin Denials
Courtney Anaya
Analyst
Weld County Assessor's Office (./)
(970)353-3845 ext.3670
canaya@weldgov.com
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:Wade Melies
Sent:Tuesday,July 21,2015 3:36 PM
To:Courtney Anaya
Subject:FW:Appeals we will take administrative denials for(2nd group)
More adminn deny,highlighted
From:David Johnson[mailto:djohnson@jcsco.com]
Sent:Monday,July 20,2015 4:33 PM
To:Susan Gundry;Wade Melies;Noel Lawrence
Subject:FW:Appeals we will take administrative denials for(2nd group)
Below I have added some additional ones for Administrative denials.
Thank you,
David Johnson
Joseph C Sansone Company ' � °a 2015-2530
18040 Edison Avenue As OO9
Chesterfield, MO 63005
1-636-733-5455 Direct
1-800-394-0140 Ext 5455
1-636-733-2223 Fax
djohnSOn'd icsCO.COin
From: David Johnson
Sent: Monday, July 20, 2015 3:45 PM
To: 'Susan Gundry'; 'Wade Melies'; 'Noel Lawrence'
Subject: Appeals we will take administrative denials for
Susan Wade and Noel,
From the ones I have looked at so far, below are the cases that we will take the administrative denial:
Susan:
R7518799 —2451 West 28th St, Greeley
R0139391 - 3565 W Service Rd, Evans
R6783222—26959 County Rd 47
R3319586— 505 18th St
Wade:
R6781274 —8906 Frontier St
R0167901 - 320 Gateway Drive
2
R4335406— 199 South Briggs
R4335506— 149 S Briggs
R4334906— 71 Erie Pkwy
R4335106 — 51 Erie Pkwy
R6781273 —7040 County Rd 20
R6780757- 10168 E I-25 Frontage Rd
R4201806 -7550 I 25 Frontage Road
Noel:
R4901507 —31375 Great Western Drive
R4699807
R0126095 -208 Main St
R0224393 -901 54th Avenue
R0223993 -5401 West 19th Street
I am getting through the rest and will send later today. But I wanted to get these to you now.
Thank you,
David Johnson
Joseph C Sansone Company
18040 Edison Avenue
Chesterfield, MO 63005
1-636-733-5455 Direct
1-800-394-0140 Ext 5455
3
NOTICE OF DETERMINATION
RECEIVED
Christopher M. Woodruff JUL 1 0 2015 Date of Notice: 6/30/2015
Weld County Assessor Telephone: (970) 353-3845
1400 N 17th Ave WELD COUNTY Fax: (970) 304-6433
Greeley, CO 80631 COMMISSIONERS Office Hours: 8:00AM-5:00PM
ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/PHYSICAL LOCATION
R4335406 2015 4918 ERI EC3 L1 BLK 2 ERIE COMMONS FG 3
W HEARTLAND FINANCIAL USA INC 199 S BRIGGS ST
2002 E COALTON RD
ERIE,CO 000000000
CI
BROOMFIELD,CO 80027
W
0.
O
CC
a.
ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER
REVIEW REVIEW
COMMERCIAL 1,967,600 1,967,600
TOTAL $1,967,600 $1,967,600
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:
CM06 - The Assessor staff has requested additional information to properly review your property's
value. Because we have not received this information, we have no choice but to deny any
adjustments.
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):
JOSEPH C SANSONE CO
18040 EDISON AVE STE 400
CHESTERFIELD, MO 63005-3702 1 L: Q_-1j
6000-0074
APPEAL PROCEDURES
County Board of Equalization Hearings will be held from
July 29 through August 5 at 1150.O Street.
To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown
below,and mail or deliver a copy of both sides of this form to:
Weld County Board of Equalization
1150 O Street,P.O.Box 758
Greeley,CO 80631
Telephone:(970)358000 ext,4225
To preserve your appeal rights, your Petition to the County Board of Equalization must be
postmarked or delivered on or before July 15 for real property — 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 Assessor heals playlet 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.doia.coloraado.aovibaa telephone number.
llndlln Arta
or a rat_ itrators,contact the County Commissioners at the address listed for the County Board
of Equalization.
ff the date for filing any report, schedule, cleiin, tax return, statement, remittance, or other document
faits upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if flied
on the next business day, §39-1-120(3), C.R.S.
PEITI1ON TO COUNTY BOARD OF EQUALIZATION
What is your estimate of the property's value as of June 30, 2014? (Your opinion of value in terms of a
specific dollar amount is required for real property pursuant to§39 8 106(1.5),WI S.)
SEE ATTACHED
What is the basis for your estimate of value or your mason 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.)
THE ASSESSORS CALCULATION OF THE VALUE EXCEEDS THE ACTUAL MARKET VALUE OF THE PROPERTY.
(ATTESTATION
I,the undersigned.owner or agent' of the property identified above,affirm that the statements contained herein
andny atta meets etc are true and complete.
s .635-733-5455 1$2015
Signature Telephone Number Date
appeals@jcsco.com
Email Address Please Send all Correspondence to:
Joseph C Sansone Company
Attach letter of authorization signed by property owner.
18040 Edison Avenue
Chesterfield, MO 63005
•
l _
'
If you disagree with the"current year actual value"and/or the classification determined for your property,you may file an appeal by mail or in
person with the County Assessor.Completing the Real Property Questionnaire will help you determine an estimate of value for your property,
which can be compared to the value determined by the Assessor.Colorado law requires application of the market approach to value for
residential properties(includes apartments)and consideration of the cost, market and income approaches to value for vacant land,
commercial,and industrial properties.
REASON FOR REQUESTING A REVIEW:The Assessor's calculation of value exceeds the actual market value of the
property.
ATTACH ADDITIONAL DOCUMENTS AS NECESSARY
(Do not send original documents, they wilt not be returned.)
MARKET APPROACH(ALL PROPERTY TYPES):This approach to value uses sales from the 18-month period ending June 30,2014. If data is
Insufficient during this time period,the Assessor may also consider data from the 5-year period ending June 30, 2014. Statute prohibits the
Assessor from using appraisal data after June 30, 2014.
To help estimate the market value of your properly,please list sales of similar properties that have sold in your neighborhood. A copy of an
appraisal prepared prior to June 30,2014 may be helpful in estimating the market value of your property.
DATE SOLD SCHEDULE/ACCOUNT NUMBER or PROPERTY DESCRIPTION or ADDRESS SELLING PRICE
Based on the information provided and accounting for differences between sold properties and your property,state the value of your property
as of June 30, 2014.
See Enclosed Info
COST AND INCOME APPROACH: For vacant land,commercial and industrial properties the Assessor must also consider the cost and income
approaches to value. If your commercial or industrial property was not leased from January 2013 through June 2014,please complete the
market approach section above. To assist the Assessor in evaluating your appeal,and If your property was leased during January 2013
through June 2014, please attach an operating statement indicating your income and expense amounts.Attach a rent schedule indicating the
square footage and rental rate for each tenant occupied space. If known,attach a list of rent comparables for competing properties.
Estimate of value based on cost approach:$
Estimate of value based on income approach:$See Enclosed Information
11SS: . 'NM r
ASSIGNMENT:I authorize the below-named agent to act on my behalf regarding the property tax valuation of the property described herein for
the year 9n15
Agent's Name (please print): David Suden of Joseph C. Sansone Co. Daytime Telephone#: 636-733-5470
Owner's Signature: see attached Agent Authorization Date:
Please mail all correspondence regarding this protest Edison Avenue Suite 400
to the above-named agent at the following address:
Chesterfield, MO 63005
1,the undersigned owner or agent of this property, state that the information and facts contained herein and on any attachments constitute
true and complete statements concerning the described property.
SCHEDULE/ACCOUNT NUMBER:R4335406
(Found above your me on the other side of this form.)
Signature: Dater /2-9/I 5 Daytime Telephone#: 636-733-547a
Indicate the name,telephone number and email address for a person the Assessor may contact with questions.
Name David Suden Telephone 636-733-5470 Email appeals@jcsco.com
15-32281=I&fl i t pW-AtIA EiNellprajOla i and/or the classification to the Assessor expires on June 1, 2015
If the date for filing any documeiTt falls upon a Saturday,Sunray,or legal holiday,it shall be deemed tines postmarked or delivered on the next business day.39-1-120(3),C.R.S.
15-32414-0002-CO
AGENT AUTHORIZATION
TO:
Assessor's Office and the
Assessment Review Agency
HEARTLAND FINANCIAL USA INC hereby authorizes and appoints Joseph C.
Sansone Company to act as agent with full authority to handle all matters relating to ad
valorem tax matters. This includes but is not limited to filing of property tax declarations
or other documents with you or the Assessment Appeals Board,examining any records in
your office which I have a right to examine, appearing before any assessment officer or
board and discussing assessments and resolving disputes with you concerning the
assessment on property for which I am responsible for the property taxes. This agency
shall terminate when all matters relating to th 0 3 through 2016 assessments are
resolved.
•
HEARTLAND FINANCIAL USA IN .' ...
Awr
EXACT NAME OF PROPER- O ROM` CE OF VALUATION)
199 S. Briggs Street 146;7l9230001
STREET AD SS . .. 'CHEDULE/PARCEL NUMBER
7-65 Will V• oE E77e,
ORIZED SIGNATURE PRINT NAME OF SIGNER
.c/L7//,s VP F4-c -i 7/CS
DATE 1'1'1'LE
480-6/O -39O5
PHONE NUMBER
Arionsi
State of ode
City of 641
On this -.Ler day of Met I ,20(5before me,the undersigned officer,personally appeared
J b s.2fL cu-re.-++A- ,known to m6(or satisfactorily proven)to be the person whose name is subscribed
to within the instrument and acknowledged that he executed the same for the purposes therein contained.
In witness hereof I hereunto set my hand and official seal.
DAU.ASNOTARY D�OBOUCAN 20/14
IWIICOPACOUNTY ARIZONA
NVCOMM.DARES 05-2948 Notary Public t 5-.29-/
REAL PROPERTY SUMMARY ANALYSIS
OF
Summit Bank & Trust - Erie
199 South Briggs Road
Erie, CO 80516
Parcel ID(s) Appeal Number
146719230001
As of
1/1/2015
Prepared By:
JOSEPH C. SANSONE COMPANY
18040 Edison Avenue
Chesterfield, Missouri 63005
<.This is not an appraisal>
This information is provided by the Joseph C.Sansone Company as an authorized advocate and representative of the property owner or taxpayer,
Therefore,the information is not and should not be considered an objective analysis of the value of the subject property interest. The information is
not intended to constitute an"appraisal"or"appraisal report"pursuant to the Uniform Standards of Professional Appraisal Practice("USPAP")or
Missouri law. No one from the Joseph C.Sansone Company is acting as a licensed or certified real estate appraiser in this matter.Whether any person
involved in the preparation or presentation of the information is a licensed or certified appraiser is of no importance and the information and
presentation are not intended to comply with the USPAP requirements of appraisal practice.
7532414UDviC(j
4 199 South Briggs Road
PTR Number:15324140002CO
Location IDs:146719230001
Tax Year 2015 / Pay Year 2016
Area Type BANK BRANCH OFFICE
YP - Location Totals
i
Gross Building Area 4,548 j 4,548'� 9,096 !
Net Leaseable Area 4,548 4,548 9,096
Potential Gross Income 16.00 72,768 i 12.00 54,576 14.00 127,344
Vacancy and Credit Loss 10.0% 7,277 10.0% 5,458 10.0% 12,734
' Effective Gross Income 65,491 49,118 114,610
Overall Expense 10.0% 6,549 10.0% 4,912 10.0% 11,461
Net Operating Income 58,942 44,207 103,149
Base Cap Rate 8.500
Adj Tax Rate
0.219
Adj Cap Rate 8.719
Value Sum 1,183,033
Indicated Value 1,183,000
Total Indicated Value per SF(NLA) 130.06
15324:140:)02C0 Prof ers Opinion- This is not sn tsppraissl- See F-WI Disclnirner
89 S Briggs St - Erie Commons- Building A - Erie Commons SOLD
Erie, CO 80516
Sale on 3/26/2014 for $675,000 ($118.42/SF) - Research Complete
5,700 SF Retail Veterinarian/Kennel (Neighborhood Center) Building Built in Mar 2008
.1.•tA Anderson St
Carr St
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Buyer & Seiler Contact Info
-
Recorded Buyer: Keystone Commons Llc Recorded Seller: Summit Bank & Trust
True Buyer: Foxtrail Pines Veterinary Hospital True Seller: Summit Bank & Trust
James Skelly David Smith
89 S Briggs St 2002 E Coalton Rd
Erie, CO 80516 Broomfield, CO 80021
(303) 460-4700
Buyer Type: Corporate/User Seller Type: Bank/Finance
Buyer Broker: Carr Healthcare Realty Listing Broker: DTZ
Kevin Schutz RC Myles
(970) 690-5869 (303) 312-4226
James Brady
(303) 312-4292
Craig Myles
(303) 312-4294
Brandon Ray
(303) 312-4250
Chris Ball
(303) 312-4280
�ransadion Details '- ID: 2995759
Sale Date : 03/26/2014 (348 days on market) Sale Type: Investment
Escrow Length : 104 days Bldg Type: Retail - Veterinarian/Kennel
(Neighborhood Center)
Sale Price: $675,000-Confirmed Year Built/Age: Built in Mar 2008 Age : 6
Asking Price: $749,000 GLA: 5,700 SF
Price/SF: $118.42 Land Area: 0.56 AC (24,420 SF)
Price/AC Land Gross : $1 ,204,067 .07
Percent Leased : 100.0%
Tenancy: Single Percent Improved : 88.8%
Sale Conditions: REO Sale Total Value Assessed : $246,910 in 2012
Improved Value Assessed $219,290
Land Value Assessed : $27 ,620
Copyrighted report licensed to Joseph C. Sansone Company - 200793. 4/20/2015
N
Prepared for Presented by Zeke Sansone
5/29/2015 Joseph C. Sansone Co.
(636) 537-2307
mmcdonald@jcsco .com
License: jkhvhgchc
Sale One Page Report for Office Properties
1 695 Pierce Street, Erie , CO 80514
Sale Information
Sale Status: Sold
Sale Date: 12/30/2013
�; Sale Price: $316,500 ($91 .21 /SF)
r '
[p.I ,
i Property Details
Y1'.1Q. • 1 pht F vl F '
4 Property Type: Office
i
� ` ' = Property Sub-type : Office Building
J'� �• �" ' Building Size: 3,470 SF
x � „t .,% try _ , A •
7 nti .
t .' •
... s Lot Size: 0 . 17 Acres
. 4" �; - p= . ... La APN / Parcel ID: R5744486
71 .. 4 . _‘
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Parties to Transaction
Seller: GUTIERREZ ROBERT Buyer: 695 PIERCE LLC
100 E Sarm Bonkue Road 810 101 Lafayette, CO
Financing Comments
Cash Sale.
Notes
1 • T
4
2 470 Briggs Street, Erie , CO 80516
'"�� � �'� � " �,� 4 w�=� Sale Information
.i
E . • ` r £ 1 wit i 5 • . F :� ,. Sale Status: Sold
Sale Date: 05/04/2012
It L is-,
^
4 Sale Price: $600,000 ($ 100/SF)
Cap Rate: 4. 00% (At Time Of
- � Is*_ ,� ` ' ? _ Listing)
:4 a
T - .� , Listing Price: $695 ,000
r • > t .ux 1'3 6i, � 1 1
b
• F ft- • Property Details
it ...a. µ Rn F tiif . ` Property Type: Office
:� ;. 'j• - Property Sub-type: Office Building
'tRy Building Size: 6,000 SF
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4e" inectilbriliC ' � - ._ r: Property Description
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This is a brand new building by all
r .� -;„--- e,_/1„ `y accounts! Renovated through out in
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► 005 The finish for the entire building
ill . - , , , very modern , with quality workmanship.
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, [ _ Currently fully leased to a Church and
florist. Lease's expire in one and two
years from now. Net income is
$40,421 . 83 for last year. Tenants pay gas
and electric. L. L . pays water( one meter
for the building )
Parties to Transaction
Seller: ALPINE OF ERIE LLC Buyer: LIFE SONG CHURCH OF ERIE
470 Briggs St Erie, CO
Broker: Noreen Canaday
Noreen Canaday
Notes
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3 1017 S Boulder Rd , Louisville, CO 80027
Sale Information
Sale Status: Sold
Sale Date: 03/21 /2013
Sale Price: $949 ,000
($114.54/SF)
Cap Rate: 9 . 01 % (At Time
Of Sale)
Listing Price: $969 ,000
Y t r•'`� - -- ..,. _ ' �.4 Estimated days on 234
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Property Details
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I � ‘ los F ~�_� Property Type: Office
it/ ��/A f ya r ipliProperty Sub-type: Office Building
} t _ Building Size: 8,285 SF
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_� / "' 0 . 09 Acres
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APN / Parcel ID: R0087876
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,:. . Property Descr Description
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r . __._ subject property 85
The bjec is an 8 ,2 square
a _ foot multi-tenant office building with
„'° 4, street frontage on S . Boulder Rd in
Louisville, Colorado. The building is 100%
occupied by a diverse rent roll of 10
tenants in suites ranging from 220-2 , 050
square feet. Leases for the 1st floor
tenant are NN with the tenants
responsible for their own utilities while
the 2nd floor tenants are all in full service
leases. The building has been well-
maintained by the current owner
including updated HVAC units, roof, and
updated interiors for all of the suites and
common areas. This property offers
investors an excellent opportunity to
acquire an atractive office property with
a great rental history in Boulder County,
one of the most dynamic growth areas in
Colorado and the Front Range of the
Rocky Mountains.
Parties to Transaction
Seller: JJDC PARTNERS LLC Buyer: CHANNING INC
2679 S Zephyr Ct Lakewood , CO
Broker: Unique Properties, LLC
Brian McKernan
Financing Comments
Cash Sale.
Notes
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