INDUSTRIAL LAND FOR SALE - LoopNet · INDUSTRIAL LAND FOR SALE 6895 EAST 48TH AVENUE | COMMERCE...

One Broadway Suite A300 | Denver, CO 80203303.962.9555 | www.PinnacleREA.com

Investment Contacts:Chandler LisleCarlos Valencia

INDUSTRIAL LAND FOR SALE6895 EAST 48TH AVENUE | COMMERCE CITY, CO 80022

www.PinnacleREA.com2 Contacts: Chandler Lisle 303-621-5126 [email protected] Valencia 720-638-5418 [email protected]

TA B L E O F C O N T E N T S1. Executive Summary

2. Location Overview

3. Property Overview

4. Site Plan

5. Comparable Sales

6. Disclaimer

CHANDLER LISLEDatabase [email protected]

CARLOS [email protected]

Pinnacle Real Estate Advisors is pleased to exclusively offer a rare opportunity to purchase industrial land in the

desirable East I-70/270 Industrial Submarket of Denver, Colorado.

6895 East 48th Ave, a 1/3-acre industrial lot that will be delivered vacant to the new owner. Zoned I-1S located in the desirable East I-70/270 Industrial Submarket of Denver, this lot has valuable potential for storage, build opportunity, and provides a blank canvas to run a business out of.

48th and Olive St is positioned on the cusp Denver and Commerce City limits where one of the hottest industrial markets in the nation resides. Real local growth from employment, retail sales, and industrial production has fueled the surge in demand for real estate in the East I-70/270 Industrial area. Overall, industrial rents passed the peak of last cycle by 60% at the end of the year 2018 and rents are projected to grow 6% annually.

E X E C U T I V E S U M M A R Y

D E N V E R O V E R V I E WDenver is one of the fastest-growing cities in the U.S., with a highly educated workforce, and it is becoming a magnet for talented professionals who are seeking dynamic careers outside of the typical financial centers. The quest for work-life balance has made Colorado a hot destination for professionals and companies in search of talent.

1# IN THE NATIONFOR BUSINESSAND CAREERS

3# IN THE US FOR PERCENTAGE OF ADULT POPULATION WITH FULL-TIME EMPLOYMENT

1# IN THE NATIONFOR ECONOMIC & JOB GROWTH

IN MARCH 2017, DENVER'S

UNEMPLOYMENT RATE DROPPED TO

2.4%(LOWEST LEVEL SINCE 2001 AND WELL BELOW THE NATIONAL RATE)

20%

15%

10%

5%

0%

TOTAL DENVER EMPLOYEES (Current Employment Stat is t ics - Bureau of Labor Stat is t ics)

Mining, Lodging, and Construction

Manufacturing Trade Information Financial Business/Professional

Education and Health Services

Hospitality Government


AREA Overview

THE SHOPS AT NORTHFIELD STAPLETON

NORTHFIELDPOND PARK

6895 E 48TH AVENUE

INTERSTATE

70

NO

RT

HF

IEL

D Q

UE

BE

C S

TR

EET

CE

NT

RA

L P

AR

K B

OU

LE

VA

RD

LIGHT RAIL


PROPERTY Overview

6895 East 48th AvenueCommerce City, Colorado 80022

Property Highlights:• Valuable Vacant Industrial Lot Along I-70, convenient

access to I-270, DIA

• Located in Commerce City Enterprise Zone (EZ), providing investment and business tax credits

• Potential use for a business, storage, or new construction

• Neighboring parcels to note are Sapp Bros Truck Stops

Property Type: Industrial Land

Asking Price: $375,000

Lot Size: 14,414 SF (0.33 Acres)

Neighborhood: East I-70/270 Ind Submarket

Zoning: Industrial, I-1S

Taxes: $926.72 (2017)

POPULATION RESIDENTIAL COUNT AVERAGE HH INCOME

1 mile 746

3 mile 29,471

5 mile 118,923

HOUSEHOLDS

POPULATION RESIDENTIAL COUNT AVERAGE HH INCOME1 mile $114,621

3 mile $97,729

5 mile $86,734

AVERAGE HH INCOMEPOPULATION RESIDENTIAL COUNT AVERAGE HH INCOME

1 mile 1,876

3 mile 85,868

5 mile 306,127

POPULATION


PROPERTY Site Plan


COMPARABLE Land Sales

5751 Pecos StreetEnglewood, CO

R0055235Englewood, CO

5275-5281 Adams StreetEnglewood, CO

4805 Olive StreetCommerce City, CO

2042 S Bannock StreetEnglewood, CO

4920 Monaco StreetEnglewood, COSUBJECT PROPERTY

6895 East 48th AvenueCommerce City, CO 80022

List Price: $375,000 Sale Price / SF $26.00 *Land Price / SF: $26.00 Land SF: 14,414Sale Date: 2019

Sale Price: $40,712,100 Sale Price / SF $20.78 *Land Price / SF: $20.78 Land SF: 1,958,764Sale Date: 11/27/2018

Sale Price: $200,000 Sale Price / SF $20.03 *Land Price / SF: $20.03 Land SF: 9,984Sale Date: 10/1/2018





© 2017 Pinnacle Real Estate Advisors, LLC. All information contained herein has been obtained from sources we believe to be reliable. However, we accept no responsibility for its accuracy and encourage verification of all infor-mation prior to making financial decisions.

DISCLAIMERD I S C L A I M E R

This confidential Offering Memorandum, has been prepared by Pinnacle Real Estate Advisors, LLC (“Pinnacle REA”) for use by a limited number of qualified parties. This Offering Memorandum has been provided to you at your request based upon your assurances that you are a knowledgeable and sophisticated investor in commercial real estate projects and developments. Pinnacle REA recommends you, as a potential buyer/investor, should perform your own independent examination and inspection of the property described herein as 6895 East 48th Avenue located in Commerce City, Colorado (the “Property”) and of all of the information provided herein related to the Property. By accepting this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination and investigation of the Property and you shall not rely on any statements made in this Offering Memorandum or upon any other materials, statements or information provided by Pinnacle REA or its brokers.

Pinnacle REA makes no guarantee, warranty or representation about the completeness or accuracy of the information set forth in this Offering Memorandum. You are responsible to independently verify its accuracy and completeness. Pinnacle REA has prepared the information concerning the Property based upon assumptions relating to the general economy, its knowledge of other similar properties in the market, and on other market assumptions including factors beyond the control of the Pinnacle REA and the Owner of the Property. Pinnacle Real Estate Advisors make no representation or warranty as to either the accuracy or completeness of the information contained herein, and the information set forth in this Offering Memorandum in not intended to be a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be accurate, Pinnacle REA and the Property Owner disclaim any responsibility or liability for any inaccuracies. Further, Pinnacle REA and the Property Owner disclaim any and all liability for any express or implied representations and warranties contained in, or for any omissions from, the Offering Memorandum and for any other written or oral communication transmitted or made available to you. Pinnacle REA shall make available to you, as a qualified prospective investor, additional information concerning the Property and an opportunity to inspect the Property upon written request.

This Offering Memorandum and the contents are intended to remain confidential except for such information which is in the public domain or is otherwise available to the public. By accepting this Offering Memorandum, you agree that you will hold and treat Offering Memorandum in the strictest confidence, that you will not photocopy or duplicate it, or distribute it. You agree you will not disclose this Offering Memorandum or its contents to any other person or entity, except to outside advisors retained by you and from whom you have obtained an agreement of confidentiality, without the prior written authorization of Pinnacle REA. You agree that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the Property. If you determine you have no interest in the property, kindly return the Offering Memorandum to Pinnacle REA at your earliest convenience.

One Broadway Suite A300 | Denver, CO 80203303.962.9555 | www.PinnacleREA.com

6895 EAST 48TH AVENUECommerce City, CO 80022

© 2018 Pinnacle Real Estate Advisors, LLC. All information contained herein has been obtained from sources we believe to be reliable. However, we accept no responsibility for its accuracy and encourage verification of all information prior to making financial decisions.

Investment Contacts:Chandler LisleCarlos Valencia

INDUSTRIAL LAND FOR SALE - LoopNet · INDUSTRIAL LAND FOR SALE 6895 EAST 48TH AVENUE | COMMERCE...

Documents

Transcript of INDUSTRIAL LAND FOR SALE - LoopNet · INDUSTRIAL LAND FOR SALE 6895 EAST 48TH AVENUE | COMMERCE...