HomeMy WebLinkAbout20152523.tiff CLERK TO THE BOARD
\rt \- 1861 -7 PHONE ( 970 ) 336 -7215 , EXT 4226
( 970 ) 352 -0242
7TIiFAX� WEBSITE : www . co . weld . co . us
11E J GREELEY CO 80632
_ coU .INTY-�
August 5 , 2015
FORMBY EMMETT B
800 BRYAN CT
DACONO , CO 80514-9115
RE : THE BOARD OF EQUALIZATION 2015 , WELD COUNTY , COLORADO
ADMINISTRATIVE DENIAL OF PETITIONER ' S APPEAL AND AFFIRMATION OF
ASSESSOR ' S VALUE
ACCOUNT NO . : R8026799
y 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
$ 3 , 322 , 289 . 00 $ 3 , 322 , 289 . 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 .
2015-2523
A50091
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
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 .
2015-2523
AS0091
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.
2015-2523
AS0091
If you have questions concerning the above information , please call me at ( 970 ) 336-7215 ,
Ext . 4226 .
Very truly yours ,
e°--das441 v
&k,
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
2015-2523
AS0091
Rafaela Martinez
From: Courtney Anaya
Sent: Wednesday,July 22,2015 8:07 AM
To: Esther Gesick;Rafaela Martinez
Subject: FW:R8026799
Another Admin Deny
Courtney Anaya
Analyst
Weld County Assessor's Office
(970)353-3845 ext.3670
canaya@weldgov.com
i rYp— Ek
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 3:35 PM
To:Courtney Anaya
Subject:FW:R8026799
Another admin deny
From:David Johnson[mailto:djohnson(alicsco.com]
Sent:Tuesday,July 21,2015 1:08 PM
To:Wade Melies
Subject:RE:R8026799
Wade,
Thank you for your review.I think we will just do a administrative Denial for now.
I think this was the last one pending.In regards to the ones we settled or I withdrew or ask for an administrative
Denial.
ea:CAA74.z 2015-2523
1
f150091
Do I need to let the Board know as well?
Let me know,
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
1-636-733-2223 Fax
djohnson@jcsco.com
From: Wade Melies [mailto:wmelies@co.weld.co.us]
Sent: Tuesday, July 21, 2015 12:12 PM
To: David Johnson
Subject: RE: R8026799
David
The actual income for this property more than supports $150 per sq. ft.. I do not see much room here.
Wade
From: David Johnson [mailto:djohnsonnjcsco.com]
Sent: Tuesday, July 21, 2015 11:09 AM
To: Wade Melies
Subject: RE: R8026799
2
Wade,
As you indicated there was a second sale on the Loveland Comp for $133 SF. The property is on for $150.
p P Y
Would you be able to split somewhere in the middle on this one.
Let me know,
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
1-636-733-2223 Fax
djohnson@jcsco.com
From: Wade Melies [mailto:wmelies@co.weld.co.us]
Sent: Tuesday, July 14, 2015 4:23 PM
To: David Johnson
Subject: R8026799
David
Owner Formby Emmett B, at 800 Bryan Ct., Dacono, R8026799, 1467-02-0-01-001
3
Fully leased by Interstate Ford since Mar. of 2010 for $18.54 per sq. ft. NNN. I visited the property in Mar.
2013 for a building permit and inquire about the lease. I was told it is still in place.
The best way to value this property is to have the income and expenses for 2013 and 2014.
I am currently valuing this property at $150 per sq. ft..
Cost
The subject is a complete auto dealership built in 2000 with 22,204 sq. ft. masonry construction in average
condition. The base is $145.32 per sq. ft., with add-ons the RCN is $3,735,293, 13% depreciation results in a
RCNLD of$3,249,705, with 215,840 sq. ft. of land at $6 per sq. ft. for a total cost of$4,544,744.
Market
See market grid that supports $150 per sq. ft.
Income
See attached vacancy sheet.
Information provided
Income, actual income not indicated here.
Sale comp
3870 Byrd Dr, Loveland, sold Jul 2014 $133 per sq. ft.
There are several more recent sales in Weld County
Thoughts?
Wade
Wade J. Melies
Commercial Appraiser
Weld County Assessor's Office
970-353-3845 ext 3672
4
' 4
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
R8026799 2015 2954 DAC DGC L1 DACONO GATEWAY CENTRE MINOR S
UB
W FORMBY EMMETT B
3 800 BRYAN CT
800 BRYAN CT
DACONO,CO 80514-9115 DACONO,CO
O
CC
ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER
REVIEW REVIEW
COMMERCIAL 3,322,289 3,322,289
TOTAL $3,322,289 $3,322,289
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
C L'AS4 7/10 6000-0070
L5-7--3.2 -/-dc A50067/
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: 97b0)356-4000 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, li 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:
Bored of Assessment Anneals pistrtct 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.aov/baa telephone number.
�jnding Arbb�
or a fist of arbitrators,contact the County Commissioners at the address fisted for the County Board
of Equalization.
/f the date for filing any report, schedule, claim, tax retum, statement,remittance, or other document
falls upon a Saturday, Sunday, or legal holiday, ft shall be deemed to have been timely filed if filed
on the next business day,1 39-1-120(3), C.R.S.
{ PETmON_T O 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),C.R.S_)
SEE ATTACHED
What in 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.)
THE ASSESSOR'S CALCULATION OF THE VALUE EXCEEDS THE ACTUAL MARKET VALUE OF THE PROPERTY.
I ATTESTATION 1
I,the undersigned owner or agent'of the property identified above,affirm that the statements contained herein
and ny atta manta her o are true and complete.
36-733-5455 1.84015
Signature Telephone Number Date
appeals@jcsco.com
Email Address Please Send all Correspondence to:
Joseph
'Attach letter of authorization signed by property owner- C Sansone Company
18004040 Edison Avenue
Chesterfield, MO 63005
,n k E L pa 0 pa rtApplim.-FORM
If you disagree with the"current year actual value"and/or the classification determined for your property,you may file an appeal by mall 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.
REAL PITO PtifiTY Q`OEST10' I N'M'RE
ATTACH ADDITIONAL DOCUMENTS AS NECESSARY
(Do not send original documents, they will 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 property,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.
2,325,600
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:$2,325,600
:AGENT'ASS WIN N:ENT
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 2015 .
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:
OWN
MO�6,r3005 t
OW ER! ENT ii.l , IC T4 ON
I,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:R8026799
(Found above your name on the other side of this form,)Signature: r Date:O5/2 '/f 636-733-54 5 Daytime Telephone#: 76
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 3228'PMt7'T i8 t pq417% tel gra) t it and/or the classification to the Assessor expires on June 1, 2015
if the date for filing any documelit falls upon a Saturday,Sunday,or legal holiday,it shall be deemed timely filed if postmarked or delivered on the next business day.39-1-120(3),C.R.S.
15-32374-0001-CO
AGENT AUTHORIZATION
TO: Weld County
Assessor's Office and the
Assessment Review Agency
Interstate Ford LLP 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 relating to the 2013 through 2016
assessments are resolved.
FORMBY EMMETT B /., [ Y AMELA A
EXACT NAME OF PROPERTY O, (F L NOTICE OF VALUATION)
800 Bryan Ct. 02001001
STREET ADDRESS ULE/PARCEL NUMBER
VVa CHAELLHELD
AUTHORIZED SIGNATURE PRINT NAME OF SIGNER
05/21/2015 GENERAL MANAGER
DAM TITLE
303 833-6700
PHONE NUMBER
State of Colorado
City of
On this day of ,20 before me,the undersigned officer,personally appeared
,known to me(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.
Notary Public
L
REAL PROPERTY SUMMARY ANALYSIS
OF
Interstate Ford LLP
800 Bryan Court
Dacono, CO 80514
Parcel ID(s) Appeal Number
146702001001
As of
1/1/2015
Prepared By:
JOSEPH C. SANSONE COMPANY
18040 Edison Avenue
Chesterfield, Missouri 63005
<1 is is not an s ppr4 isal>
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.
800 Bryan Court
PTR Number:15323740001CO
Location IDs:146702001001
Tax Year 2015 / Pay Year 2016
Area Type AUTO DEAL Location Totals
Gross Building Area 22,204 22,204
Net Leaseable Area 22,204 22,204
Potential Gross Income 12.00 266,448 12.00 266,448
Vacancy and Credit Loss 10.0% 26,645 ' 10.0% 26,645
Effective Gross Income 239,803 239,803
Overall Expense 10.0% 23,980 10.0% 23,980
Net Operating Income 215,823 215,823
Base Cap Rate 9.000
Adj Tax Rate 0.270
Adj Cap Rate 9.270
Value Sum 2,328,186
Indicated Value 2,328,000
Total Indicated Value per SF(NLA) 104.85
3870 Byrd Dr
L2 Auto - Block 4 , Lot 5 - Centerra Motorplex
Loveland , CO 80538 - - _ - ----- —
Auto Dealership Building of 26, 300 SF Sold on 4/27/2012 for i
$2,499,000 - Research Complete
111
I
buyer __ -- - II VII
d �"
i
Moreland Properties LLC
GL ai_
3870 Byrd Dr r - ` �: iff ON
, to MI P
Loveland, CO 80538 ' �'"� , w -� i - . - 7..a 41/40
(303) 301 -2899
r w
_. _y
seller
4,,,missit
,„,.,,,,.
Lithia Real Estate, Inc.
360E Jackson St - ___ _ .
Medford, OR 97501
(541 ) 776-6401
vital data
Escrow/Contract: - Sale Price : $2,499,000
Sale Date : 4/27/2012 Status : Confirmed
Days on Market: 352 days Building SF : 26,300 SF
Exchange: No Price/SF : $95. 02
Conditions: - Pro Forma Cap Rate: -
Land Area SF : 304,920 Actual Cap Rate: -
Acres: 7 Down Pmnt: -
$/SF Land Gross : $8.20 Pct Down : -
Year Built, Age : 2007 Age : 5 Doc No : 20120028227
Parking Spaces : 280 Trans Tax: -
Parking Ratio : - Corner: No
FAR 0 .09 Zoning : Commercial
Lot Dimensions : - No Tenants: 1
Frontage: 470 feet on Test Dr Percent Improved : 39.0%
312 feet on Byrd Dr
Tenancy: Single Submarket: Northern Colorado Ret
Comp ID : 2308197 Map Page: -
Parcel No : 85032-28-005
Property Type: Retail
income expense data Listing Broker
Expenses - Taxes $82,454 No Listing Broker on Deal
- Operating Expenses
Total Expenses $82,454
Buyer Broker
k
No Buyer Broker on Deal
financing
4 Copyrighted report licensed to Joseph C. Sansone Company - 200793. 7/8/2015
Page 1
1015 Champion Dr
Mazda - Iron Mountain Autoplex
Windsor, CO 80550
Auto Dealership Building of 18,714 SF Sold on 5/11 /2011 for r
$1 ,835,000 - Research Complete -:
buyer
___ - --- . MINai•r
NEM
Berry Companies Inc - sew num
3223 N Hydraulic St -
Wichita, KS 67219
(316) 832-0171 ,
seller
FCA US, LLC
1000 Chrysler Dr
Auburn Hills, MI 48326
(248) 512-2950 C S !s .
vital data
Escrow/Contract: - Sale Price: $1 ,835,000
Sale Date : 5/11 /2011 Status : Confirmed
Days on Market: 558 days Building SF : 18,714 SF
Exchange: No Price/SF : $98.05
Conditions: - Pro Forma Cap Rate: -
Land Area SF : 302,411 Actual Cap Rate : -
Acres: 6.94 Down Pmnt: $1 ,835,000
$/SF Land Gross : $6.07 Pct Down : 100 .0%
Year Built, Age : 2007 Age : 4 Doc No : 3768209
Parking Spaces : 126 Trans Tax: -
Parking Ratio : 6.73/1000 SF Corner: No
FAR 0 .06 Zoning : C-1
Lot Dimensions: - Percent Improved : -
Frontage: 274 feet on Champion Dr (with 1 curb Submarket: Northern Colorado Ret
cut)
Tenancy: Single Map Page: -
Comp ID : 2108036 Parcel No : 095708401003
Property Type : Retail
income expense data Listing Broker
Expenses - Taxes $53,713 Cushman & Wakefield of Colorado
- Operating Expenses 1050 17th St
Denver, CO 80265
Total Expenses $53,713 (303) 813-6400
Matthew Trone, Samuel Brenner, Steve Hager
Buyer Broker
Re/Max Eagle Rock Realty
1625 Pelican Lakes Pt
Windsor, CO 80550
(970) 686-5828
Ryan Bach
financing
Copyrighted report licensed to Joseph C. Sansone Company - 200793. 7/8/2015
Page 2
1111 Southgate Dr
KIA - Iron Mountain Autoplex
Windsor, CO 80550
Auto Dealership Building of 19,022 SF Sold on 11 /20/2012 for
$1 ,900,000 - Research Complete
mst
—
buyer Ilia A
410 Partnership Lllp ,
2262 S Queen St
Lakewood, CO 80227 gni '
eissfir
(303) 901 -5959
MMM
seller
CP San Antonio RE Holdco LLC
401 S Old Woodward Ave
Birmingham , MI 48009
.l
cosiTht
vital data
Escrow/Contract: 90 days Sale Price : $1 ,900,000
Sale Date : 11 /20/2012 Status : Confirmed
Days on Market: 1 , 117 days Building SF : 19,022 SF
Exchange: No Price/SF: $99 .88
Conditions: Purchase By Tenant Pro Forma Cap Rate: -
Land Area SF : 270 ,508 Actual Cap Rate: -
Acres: 6.21 Down Pmnt: $140,000
$/SF Land Gross : $7 .02 Pct Down : 7 .4%
Year Built. Age : 2009 Age : 3 Doc No : 3890529
Parking Spaces : 403 Trans Tax: $190
Parking Ratio : - Corner: No
FAR 0 .07 Zoning : C-1
Lot Dimensions: - Percent Improved : -
Frontage: 513 feet on Southgate Dr Submarket: Northern Colorado Ret
605 feet on CR 34
Tenancy: Single Map Page: -
Comp ID : 2634679 Parcel No : -
Property Type: Retail
income expense data Listing Broker
Cushman & Wakefield of Colorado
1050 17th St
Denver, CO 80265
(303) 813-6400
Matthew Trone, Samuel Brenner
Buyer Broker
No Buyer Broker on Deal
financing
1st Hyundai Cap America (Conventional)
Bal/Pmt: $1 ,760 ,000
Copyrighted report licensed to Joseph C. Sansone Company - 200793. 7/8/2015
Page 3
8125 W Colfax Ave
Budget Car Sales
Lakewood , CO 80214
Auto Dealership Building of 19,312 SF Sold on 12/29/2011 for
$1 ,365,000 - Research Complete ,,, .
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buyerOr Z. #
Braman Colorado European Impor - ' _
•9201 W Colfax Ave y = "- ~" •:It, .
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Lakewood CO 80215 naCilt s.. ''
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seller
CKTT Realty LLC ,_ z t , r : r .
8125 W Colfax Ave ` rb
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Lakewood, CO 80214
(303) 220-1140
vital data
Escrow/Contract: - Sale Price: $1 ,365,000
Sale Date : 12/29/2011 Status : Confirmed
Days on Market: 290 days Building SF : 19,312 SF
Exchange: No Price/SF : $70.68
Conditions : - Pro Forma Cap Rate: -
Land Area SF : 78,364 Actual Cap Rate: -
Acres : 1 .8 Down Pmnt: -
$/SF Land Gross : $17.42 Pct Down : -
Year Built, Age: 1961 Age : 50 Doc No : 0118337
Parking Spaces: 78 Trans Tax: -
Parking Ratio: 4.04/1000 SF Corner: No
FAR 0 .25 Zoning : CMU-R
Lot Dimensions : - No Tenants: 2
Frontage: 153 feet on W Colfax Ave Percent Improved : 60 .0%
Tenancy: Single Submarket: West Ret
Comp ID : 2236843 Map Page: Pierson Graphics Corp 282-E
Parcel No : 39-353-00-021
Property Type: Retail
income expense data Listing Broker
Expenses - Taxes $22,922 RE/MAX Commercial Alliance
- Operating Expenses 1873 S Bellaire St
Denver, CO 80222
Total Expenses $22,922 (303) 757-7474
Robert Behrens
Buyer Broker
No Buyer Broker on Deal
financing prior sale
1st Comerica Bk Date/Doc No : 5/21 /2004
Bal/Pmt: $1 ,400,000 Sale Price: $750,000
CompiD : 902342
Copyrighted report licensed to Joseph C. Sansone Company - 200793. 7/8/2015
Page 4
871 Champion Dr
Windsor, CO 80550 / r .
,. Flo '. i rS'. G a
Auto Dealership Building of 46,389 SF Sold on 7/18/2012 for
$2,715,000 - Research Complete
buyer
! t, . i 1� r ♦ ,
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Water Valley Land Company L zJK _
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1625 Pelican Lakes Pt LLL *'
Windsor, CO 80550 a 1 w
(970) 686-5828 }
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seller
Chrysler Financial Corporation
27777 lnkester Rd SE 1
Farmington, MI 48333
(800) 561 -5805 -__ _—_ ----- - -- -- - -- - _ - _ _- - _— -- -
--- - - ----------------
vital data
Escrow/Contract: - Sale Price: $2,715,000
Sale Date: 7/18/2012 Status: Confirmed
Days on Market: 433 days Building SF : 46,389 SF
Exchange: No Price/SF : $58.53
Conditions: High Vacancy Property, REO Sale Pro Forma Cap Rate: -
Land Area SF : 480,467 Actual Cap Rate: -
Acres: 11 .03 Down Pmnt: -
$/SF Land Gross : $5.65 Pct Down : -
Year Built, Age: 2007 Age : 5 Doc No: 3860056
Parking Spaces : 450 Trans Tax: -
Parking Ratio: 9 .7/1000 SF Corner: No
FAR 0. 10 Zoning : C-1
Lot Dimensions: - Percent Improved : 69.7%
Frontage: 484 feet on Us-34 Hwy (with 2 curb cuts) Submarket: Northern Colorado Ret
Tenancy: Single Map Page: -
Comp ID : 2525229 Parcel No : 095708401002
Property Type: Retail
income expense data Listing Broker
Expenses - Taxes $119,561 Cushman & Wakefield of Colorado
- Operating Expenses 1050 17th St
Denver, CO 80265
Total Expenses $119,561 (303) 813-6400
Samuel Brenner, Matthew Trone, Steve Hager
Buyer Broker
RE/MAX Eagle Rock
6020-6028 Stallion Dr
I I
Loveland, CO 80538
(970) 593-0999
Ryan Bach
financing prior sale
Date/Doc No: 3/31 /2010
Sale Price : -
ComplD : 1901387
Copyrighted report licensed to Joseph C. Sansone Company - 200793. 7/8/2015 LA Page 3
S
19185 E Lincoln Ave '
The Parker Gateway Center
i
Parker, CO 80138
Auto Dealership Building of 25, 141 SF Sold on 2/29/2012 for
$1 ,700,000 - Research Complete
;:
h
Appliance Factory Sales Outlet & Service �� 4 /: ct -*.. . . t. .
f ~h V ; �� 3
PP y Yk w s:i
6005 E Evans Ave X � "
Denver, CO 80222 4 it . -
(303) 759-5555 ' . , ._..
_ -. -. _.______ _--_ _ _ ._- .-_ _ .. ._ _ . ._ .. ._ ___. _._ -. .-_ . .._ i - - -
seller ;4404:4;>:
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Car Burt, LLC � 4.
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8270 Greensboro Dr ,, ,,,� it 3• �, �l's �-C h ; te r
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McLean, VA 22102
(703) 288-3075 .• ._
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vital data - -
Escrow/Contract: 60 days Sale Price: $1 ,700,000
Sale Date: 2/29/2012 Status : Confirmed
Days on Market: 658 days Building SF : 25, 141 SF
Exchange: No Price/SF: $67 .62
Conditions: - Pro Forma Cap Rate: -
Land Area SF : 182,821 Actual Cap Rate: -
Acres: 4.2 Down Pmnt: $850,000
$/SF Land Gross : $9.30 Pct Down : 50.0%
Year Built, Age : 2003 Age : 9 Doc No : 2015805
Parking Spaces : 180 Trans Tax: -
Parking Ratio: 7. 16/1000 SF Corner: No
FAR 0. 14 Zoning : PUD
Lot Dimensions : - Percent Improved : 72.4%
Frontage: 166 feet on Lincoln Ave Submarket: Southeast Ret
189 feet on Parker Rd
Tenancy: Multi Map Page: Pierson Graphics Corp 409-G
Comp ID : 2278529 Parcel No : 2233-103-09-026
Property Type: Retail
income expense data Listing Broker
•
Expenses - Taxes $88,327 DTZ
- Operating Expenses 1515 Arapahoe St
Denver, CO 80202
Total Expenses $88,327 (303) 292-3700
David Fried, Robert Hudgins
Buyer Broker
No Buyer Broker on Deal
financing prior sale
1st US Bank Date/Doc No: 11 /15/2004
Bal/Pmt: $850,000 Sale Price: $6, 130,000
CompiD : 963305•
I * Copyrighted report licensed to Joseph C. Sansone Company - 694259. 7/2/2015
Page 24
1330 Main St
Longmont, CO 80501 _
Auto Dealership Building of 24,284 SF Sold on 8/22/2011 for
$1 , 100,000 - Research Complete
buyer
Pacific Auto Auction , t
c/o OJ Pratt .
I t e}
5450 Dahlia St i ry
Commerce City, CO 80022 = ' ''`- • _ '
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(303) 287-0691 , _ «..«..; ..
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seller
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Best Car Buys
1298 W Alameda Ave .. . ..
CO 80223 �.
Denver, is,
303 777-0379 � - c c �tiT.a,:
( )
_.. _ - _
vital data
Escrow/Contract: - Sale Price: $1 , 100,000
Sale Date : 8/22/2011 Status : Confirmed
Days on Market: 916 days Building SF : 24,284 SF
•
Exchange: Yes Price/SF : $45.30
Conditions: 1031 Exchange Pro Forma Cap Rate: -
Land Area SF : 79,584 Actual Cap Rate: -
Acres: 1 .83 Down Pmnt: $110,000
$/SF Land Gross : $13.82 Pct Down : 10.0%
Year Built, Age: 1964 Age : 47 Doc No : 3166767
Parking Spaces : 140 Trans Tax: -
Parking Ratio : 5.77/1000 SF Corner: No
FAR 0 .31 Zoning : Commercial
Lot Dimensions : 235x276 Percent Improved : -
Frontage: 350 feet on Main St (with 2 curb cuts) Submarket: Longmont Ret
Tenancy: Multi Map Page: -
Comp ID : 2169013 Parcel No : 1205341 -28-007
Property Type: Retail
income expense data Listing Broker
Expenses - Taxes $28,722 RE/MAX Traditions
- Operating Expenses 2204 18th Ave
Longmont, CO 80501
Total Expenses $28,722 (303) 772-3800
Dick Sherwin
LBuyer Broker
RE/MAX Traditions
2204 18th Ave
Longmont, CO 80501
(303) 772-3800
Dick Sherwin
financing prior sale
1st AmFirst Bank Date/Doc No: 2/2/2009
Bal/Pmt: $1 , 102,500 I Sale Price : $0
ComplD : 1652214
Copyrighted report licensed to Joseph C. Sansone Company - 200793. 7/8/2015, A Page 6
1604-1606 N Lincoln Ave
Loveland , CO 80538
Auto Dealership Building of 32,615 SF Sold on 10/28/2011 for
$800 ,000 - Research Complete
buyer
Cycle Central I `—~.-..,.., .r.,
1021 S Lincoln Ave .fra., * ' �
Loveland, CO 80537 i . ; - I L__
11I! L
iv
; is _ l `i
. it ..M ti ,(970) 461 -9466
seller , ir A
McWhinney Real Estate Services �v ;_ y
I3 Yd�1�:? s' J Y v tt Y
c/o Ron Kuehl
2725 Rocky Mountain Ave • ;
Loveland, CO 80538 4,
LoSi Arc
-
(970) 962-9990
- --- -- ____- _-____ - . .-_- - _____ _-__ . i_ _.._.. _ ._.__. _
vital data
Escrow/Contract: 66 days Sale Price: $800,000
Sale Date : 10/28/2011 Status: Confirmed
Days on Market: 1 ,733 days Building SF : 32,615 SF
Exchange: No Price/SF : $24.53
Conditions: - Pro Forma Cap Rate: -
Land Area SF : 112,820 Actual Cap Rate: -
Acres: 2.59 Down Pmnt: -
$/SF Land Gross : $7.09 Pct Down : -
Year Built, Age : 1978 Age : 33 Doc No : 20110066485
Parking Spaces : 168 Trans Tax: $80
Parking Ratio : 5.2/1000 SF Corner: No
FAR 0 .29 Zoning : B, Loveland
Lot Dimensions: - No Tenants : 1
Frontage: 373 feet on N Lincoln Ave (with 1 curb Percent Improved : 45.8%
cut)
340 feet on E 16th St (with 2 curb cuts)
Tenancy: Multi Submarket: Northern Colorado Ret
Comp ID : 2206448 Map Page: Mapsco 92-JW45
Parcel No : 95123-44-002
Property Type: Retail
income expense data Listing Broker
Expenses - Taxes $27,986 Sperry Van Ness/The Group Commercial
- Operating Expenses 2020 Lowe St
, Fort Collins, CO 80525
Total Expenses $27,986 (970) 207-0700
Julius Tabert, Mike Eyer
Buyer Broker
Sperry Van Ness/The Group Commercial
2020 Lowe St
Fort Collins, CO 80525
(970) 207-0700
Julius Tabert, Mike Eyer
financing prior sale
1st Chase Bank Date/Doc No: 12/30/2005
Bal/Pmt: $870 ,000 Sale Price: $2,456,800
CompiD : 1080190
Copyrighted report licensed to Joseph C. Sansone Company - 200793. 7/8/2015
Page 5
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