2490 W MAIN STREET...no new req’d building addition: 50% of new req’d _HISTORIC REVIEW SETBACKS: NEW / ADDITION: front: 10 ft side: t.b.d. GENERAL: guidelines to be discussed _

Confidential Offering Memorandum

2490 W MAIN STREETLITTLETON, CO 80120

Table of Contents

2490 W Main StreetLittleton, CO 80120

Executive Summary

Location Overview

Financial Analysis

Sales Comparables

Josh [email protected]

Lindsey SantaulariaSenior Transaction [email protected]

Connor [email protected]

Barton ThompsonAssociate [email protected]

Bobby RukavinaAssociate [email protected]

Meaghan JenningsTransaction [email protected]

One Broadway, Suite A300Denver, Colorado 80203303.962.9555www.PinnacleREA.com

3

EXECUTIVE SUMMARY

4

2490 W Main StreetLittleton, CO 80120

Units: 7

Year Built: 1901

List Price: $1,595,000

Price/Unit: $227,857

Price/SF: $358.67

Zoning: CA

Building Type: Brick

Building Size: 4,447

Lot Size: 0.08 Acres

Roof: Flat

Heating: Electric/Forced Air

Parking: 4 Off-Street Parking Spaces

Proforma CAP Rate: 4.68%

Property Features

• Highly Desirable Main Street Location in Downtown

Littleton

• Opportunity Exists to Reposition Asset into Mixed-

Use Apartment Project

• Zoned CA

• Rooftop Patio with Third Level Build-Out Permitted

• Substantially Updated in 2011 Including: Newer Roof,

Windows and Sunroofs

• Walk to Light Rail Station & Arapahoe Community

College

Property Overview

5

Property Overview

6

awBUILDING REMODELMAIN STREET LITTLETON

_SITE STATISTICS

Property Area: 3,300 SF

Zone District: CA - Central Area

Use: Business Commercial & Residential

Gross Floor Area: 2,050 SF per FLOOR

Height: 2 Stories _ZONING REVIEW

HEIGHT: 3 Stories max. allowed 40’ Feet max. allowed

SETBACKS: None required

PARKING: B: 1 / 200 sf 10 req’d R: 2 / Unit 2 reg’d existing conditions: no new req’d

building addition: 50% of new req’d

_HISTORIC REVIEW

SETBACKS: NEW / ADDITION: front: 10 ft side: t.b.d.

GENERAL: guidelines to be discussed

_ V

ICIN

ITY

MA

P

MA

IN S

TRE

ET

_3_N

_ANTICIPATED REVIEW PROCESS

Community Planning: CONCEPT MEETING Participants: Planning, Historic, Building Dept, Public Works, Fire Dept

Building Remodel

S NEVADA STREET

MA

IN S

TREE

T

_VIC

INIT

Y M

APN

7

Elevations


_ELEVATIONS

_7_

SIDE ELEVATION FRONT ELEVATION

8

Property Floorplans

First Floor

Second Floor

First Floor Retail

Second FloorOffice/Apt

9


_SURVEY & EXISTING BUILDING

_4_

Survey & Existing Building

10

FINANCIAL ANALYSIS

11

Income & Expenses Analysis

UNIT MIX AND AVERAGE RENT SCHEDULE

UNIT TYPE No. ofUnits

Approx. SF

Pro Forma Rent

MonthlyIncome

Pro Forma Rent/SF

Retail 1 2,000 $5,000 $5,000 $2.50Studio 5 250 $750 $3,750 $3.001 Bed 1 Bath 1 500 $1,500 $1,500 $3.00TOTAL 7 3,750 $10,250

INCOME PRO FORMAGross Potential Rent $123,000

Gross Potential Income $113,000Vacancy/Collection Loss (Estimated) ($6,150)EFFECTIVE GROSS INCOME $116,850

EXPENSES PRO FORMATaxes (Actual - 2018) $19,365Insurance (Actual - 2017) $3,769Utilities (Actual - 2017) $5,370Maint. & Repairs (Estimated: $650/Unit/Yr) $4,550Management Fee (Estimated: 7%) $8,180Administrative (Estimated: $150/Unit/Yr) $1,050TOTAL EXPENSES $42,284Expenses per Unit $6,041Expenses per SF $11.28% OF EGI 36.2%NET OPERATING INCOME $74,567

12

Pricing Analysis

Price: $1,595,000 CASH FLOW INDICATORS

Price/Unit: $227,857 Net Operating Income $74,567

Price/SF: $358.67 Debt Service ($74,882)

Proforma CAP Rate: 4.68% Net Cash Flow -0.08% ($316)

Principal Reduction $18,459

Total Return 4.55% $18,143

Loan Amount: $1,196,250

Down Payment: $398,750

Interest: 4.75% CAP Rate 4.68%

Amortization: 30 Years Price Per Unit $227,857

Monthly Payment: ($6,240) Price Per Foot $358.67

Proposed Financing

Pro FormaInvestment Summary

Value Indicators

13

SALES COMPARABLES

14

Comparable Sales

Del Mar

Old B

righto

n Rd.

Crowfoot Vall

ey Rd.

66 66

52

52

7 7

119

36

287

287

287

Happy Canyo

n

32nd Ave.

DenverFederalCenter

70

70

70

25

25

25

25

25

25

225

225

25

70

270

76

76

76

70

285

287

287

6

85

85

85

85

85

6

36

36

58

72

44

2

52nd Ave. 52nd Ave.

44th Ave.

38th Ave.

32nd Ave. 32nd Ave.

26th Ave. 26th Ave.

20th Ave.

1st Ave.

10th Ave.

Alameda Ave.

Mississippi Ave. Mississippi Ave. Mississippi Ave. Mississippi Ave. Mississippi Ave.

Florida Ave.

Morriso

n Rd.

Garri

son S

t.Es

tes S

t.

Pier

ce S

t.

Harla

n St.

Kipli

ng S

t.

Wad

swor

th Bl

vd.

Sher

idan B

lvd.

Sher

idan B

lvd.

Fede

ral B

lvd.

Fede

ral B

lvd.

Zuni

St.

Tejon

St.

Lowe

ll Blvd

.Irv

ing S

t.

Pier

ce S

t.

Jewell Ave.

Quincy Ave.

Belleview Ave.

Bowles Ave.

Coal Mine Rd.

Ken Caryl Ave.

Chatfield Ave.

Ute Ave.

Colfax Ave. Colfax Ave. Colfax Ave. Colfax Ave. Colfax Ave.

Ridge Rd.

McInt

yre S

t.

Indian

a St.

Kipli

ng S

t.Ki

pling

St.

Simm

s St.

Wad

swor

th Bl

vd.

Wad

swor

th Bl

vd.

Youn

gfield

Lama

rMa

rshall

Old W

adsw

orth

Blvd

.

Sher

idan

Blvd

.

Fede

ral B

lvd.

Lowe

ll Blvd

.

Simm

s St.

Alkia

re S

t.

Simm

s St.

Main

St.

Quac

ker S

t.

War

d R

d.

72nd Ave. 72nd Ave.

Carr

St.

80th Ave.82nd Ave.

88th Ave. 88th Ave.

84th Ave.

88th Ave.

100th Ave. 100th Ave.

108th Ave.

120th Ave. 120th Ave. 120th Ave.



152nd Ave.


132nd Ave.

160th Ave. 160th Ave.Bridge St.

Rd. 2

Bromley Ln.

168th Ave.

Rd. 4

Rd. 6

Rd. 8

Rd. 10

Rd. 4

Rd. 6

Rd. 8

Rd. 10

Rd. 6

Rd. 8

Rd. 10

Rd. 12

Rd. 3

Rd. 5

Rd.7

Rd. 9

Rd. 1

1

Rd. 1

3

Rd. 1

5

Rd. 1

7

Rd. 1

9

Rd. 2

1

Rd. 3

7

Rd. 3

1

Rd. 2

7Rd. 2

5

Rd. 12

Rd. 14

Rd. 16

Rd. 18

Rd. 20

Rd. 22 Rd. 22

Rd. 24

Rd. 28

Rd. 30

Rd. 30

Rd. 4

168th Ave.

160th Ave.

Dillon Rd.



92nd Ave.

96th Ave.

Westminster

Lakewood

Arvada

Broomfield

Louisville

Superior

Northglenn

Brighton

Thornton

Denver

Littleton

Wheat Ridge

CommerceCity

Cherry HillsVillage

Englewood

Greenwood Village

Parker

SedaliaCastle Rock

Golden

Morrison

Phillipsburg

Fenders

Twin Forks

Tiny Town

Ken CarylRanch

64th Ave.

56th Ave.

64th Ave.64th Ave.

StandleyLake

Barr Lake

Cherry CreekRes.

QuincyRes.

JeffersonAirport

ROCKY MOUNTAIN WILDLIFE REFUGE

FITZSIMMONSARMY

HOSPITAL

LOWRYREDEVELOPMENT

BUCKLEY AIRNATIONAL GUARD

BASE

CENTENNIALAIRPORT

Rocky Flats

58th Ave.

64th Ave. Ralston Rd.Oberon Rd

120th Ave.

93

470

470

470470

470

93

26

75

30

88

26

391

121

177

128

DENVER INTERNATIONALAIRPORT

Unio

n Bl vd

.

Bear Creek

Bear CreekRes.

Marston Res.

Bowles

Ft. Logan

Res.

Bear CreekRes.

Hyatt Lake

Tucker LakeArvada

Res.

SodaLakes

ChatfieldRes.

S.Deer Creek Canyon Rd.

Morrison Rd.

Platte

Can

yon R

d.

S. Golden Rd.

Denver West Blvd.

Washington

C

arr S

t.

Turkey Cree

k Rd.

Santa

Fe D

r.

Kipli

ng P

kwy

19th St.

Valmont Dr.

21st Ave.

17th Ave.

Mountain View Ave.

9th Ave.3rd Ave.

Nelson Rd.

Pike Rd. Pike Rd.Plateau Rd.

Prospect Rd.

Quail Rd.

Oxford Rd.

Niwot Rd.Niwot Rd.Niwot Rd.

CO. 34 Neva Rd.

Mineral Rd.

Lookout Rd.

South Boulder Rd.

Baseline Rd.

Rascal Dr. Emma

Baseline Rd.

S. Boulder Rd.

Arapahoe Ave.Arapahoe Ave.

Jay Rd.

CanyonPearl St.

Isabelle Rd.

Jasper Rd.

Airp

ort R

d.

75th

Ave.

75th

Ave.

75th

Ave.

115th

Ave

.

Coun

ty Lin

e Rd.

Coun

ty Lin

e Rd.79

th Av

e.

73rd

Ave

.

63rd

St.

63rd

St.

31st

St.

95th

Ave.

Caria

WCR

3 1/2

Hove

r Rd.

Fran

cis

Main

St.

Lash

ley S

t.Al

pine S

t.Pa

ce S

t.

Longv

iew D

r.

Somerset

83rd

Ave

.

19th

St.

Broa

dway Fo

lsom

28th

St.

30th

St. 47

th St

.

F

oothi

lls

D

iagon

al High

way (Hwy 1

19)

Boulder

Niwot

Erie

Longmont

95th

Ave.

Monteview Blvd. Monteview Blvd.23rd Ave.

17th Ave. 17th Ave.

11th Ave.8th Ave.6th Ave. 6th Ave.

1st Ave.

Alameda Ave. Alameda Ave.

26th Ave.20th St.16th St. Park Ave.

Speer Blvd.

Brighton

Blvd.

Brighton

Blvd.

Larimer

Champa

Speer

Martin Luther King

Smith Rd.

Smith Rd.

Color

ado B

lvd.

Holly

St.

Mona

co P

kwy.

Queb

ec S

t.

Hava

na S

t.Ha

vana

St.

Potom

acPo

tomac

Dayto

n St.

Dayto

n St.

Peor

ia St

.Pe

oria

St.

Peor

ia St

.

Hava

na S

t.

Sable

Gun C

lub R

d.

Towe

r Rd.

Towe

r Rd.

Pica

dilly

Rd.

Pica

dilly

Rd.

Pica

dilly

Rd.

Towe

r Rd.

Towe

r Rd.

Buck

ley R

d.Ai

rpor

t Blvd

.Ai

rpor

t Blvd

.

Cham

bers

Rd.

Cham

bers

Rd.

Cham

bers

Rd.

Cham

bers

Rd.

Queb

ec S

t.Sy

racu

se S

t.Qu

ebec

St.

Queb

ec S

t.

Yose

mite

St.

4th S

t.

Unive

rsity

Blvd

.Un

iversi

ty Bl

vd.Pr

ince

Wind

erme

re

Broa

dway

Color

ado B

lvd.

Yose

mite

St.

Yose

mite

St.

Dayto

n St.

Hava

na S

t.

Peor

ia St

.

Queb

ec S

t.

York

St.

York

St.

York

St.

Down

ing S

t.

Loga

n St.Br

oadw

ay

Kalm

athKa

lmath

Aurora

Peco

s St.

Huro

n St

.

Broa

dway

Was

hingto

n St.

Dahli

a St.

Was

hingto

n St.

Color

ado B

lvd.

Holly

St.

Lambert Rd.

Jord

an R

d.

Motse

nboc

her

Leetsdale Dr.

Evans Ave. Evans Ave.Iliff Ave. Iliff Ave.

Jewell Ave.Jewell Ave.

Jewell Ave.

Yale Ave.

Dartmouth Ave.

Hampden Ave. Hampden Ave.

Quincy Ave. Quincy Ave. Quincy Ave. Quincy Ave.

Belleview Ave. Belleview Ave. Belleview Ave.

Littleton Blvd.Orchard Rd. Orchard Rd.

Arapahoe Rd. Arapahoe Rd. Arapahoe Rd.

Dry Creek Rd.

County Line Rd.

Lincoln Ave. Lincoln Ave.

Inspiration Dr.Summit

Pine Ln.

Stroh Rd.

MainMcArthur Rd.

Oxford Ave.


Yale Ave. Yale Ave.

Moline

N. H

ighlands Ranch Pkwy.

Castle Pines Pkwy.

Mineral Ave.

Ridge Rd.

Riverda

le Rd.

Danie

ls P

ark

Rd.

W. Parker Rd.

Jordan Rd.

Dran

sfelt

Pine

Dr. To

maha

wk R

d.

Flintw

ood R

d.

Hilltop Rd.

Ponderosa Dr.

Smoky Hill Rd.

Crown

Blvd

.

Potom ac St.

Tamarac

470

470

Gartrell WayGartrell Rd

55th

Ave.

Wildcat Reserve Pkwy.

Peco

s St.

85

Luce

nt

Cherry Creek Dr.

Syracuse Way

Del Mar

Old B

righto

n Rd.

Crowfoot Vall

ey Rd.

66 66

52

52

7 7

119

36

287

287

287

Happy Canyo

n

32nd Ave.

DenverFederalCenter

70

70

70

25

25

25

25

25

25

225

225

25

70

270

76

76

76

70

285

287

287

6

85

85

85

85

85

6

36

36

58

72

44

2

52nd Ave. 52nd Ave.

44th Ave.

38th Ave.

32nd Ave. 32nd Ave.

26th Ave. 26th Ave.

20th Ave.

1st Ave.

10th Ave.

Alameda Ave.


Florida Ave.

Morriso

n Rd.

Garri

son S

t.Es

tes S

t.

Pier

ce S

t.

Harla

n St.

Kipli

ng S

t.

Wad

swor

th Bl

vd.

Sher

idan B

lvd.

Sher

idan B

lvd.

Fede

ral B

lvd.

Fede

ral B

lvd.

Zuni

St.

Tejon

St.

Lowe

ll Blvd

.Irv

ing S

t.

Pier

ce S

t.

Jewell Ave.

Quincy Ave.

Belleview Ave.

Bowles Ave.

Coal Mine Rd.

Ken Caryl Ave.

Chatfield Ave.

Ute Ave.


Ridge Rd.

McInt

yre S

t.

Indian

a St.

Kipli

ng S

t.Ki

pling

St.

Simm

s St.

Wad

swor

th Bl

vd.

Wad

swor

th Bl

vd.

Youn

gfield

Lama

rMa

rshall

Old W

adsw

orth

Blvd

.

Sher

idan

Blvd

.

Fede

ral B

lvd.

Lowe

ll Blvd

.

Simm

s St.

Alkia

re S

t.

Simm

s St.

Main

St.

Quac

ker S

t.

War

d R

d.

72nd Ave. 72nd Ave.

Carr

St.

80th Ave.82nd Ave.

88th Ave. 88th Ave.

84th Ave.

88th Ave.


108th Ave.




152nd Ave.


132nd Ave.


Rd. 2

Bromley Ln.

168th Ave.

Rd. 4

Rd. 6

Rd. 8

Rd. 10

Rd. 4

Rd. 6

Rd. 8

Rd. 10

Rd. 6

Rd. 8

Rd. 10

Rd. 12

Rd. 3

Rd. 5

Rd.7

Rd. 9

Rd. 1

1

Rd. 1

3

Rd. 1

5

Rd. 1

7

Rd. 1

9

Rd. 2

1

Rd. 3

7

Rd. 3

1

Rd. 2

7Rd. 2

5

Rd. 12

Rd. 14

Rd. 16

Rd. 18

Rd. 20

Rd. 22 Rd. 22

Rd. 24

Rd. 28

Rd. 30

Rd. 30

Rd. 4

168th Ave.

160th Ave.

Dillon Rd.



92nd Ave.

96th Ave.

Westminster

Lakewood

Arvada

Broomfield

Louisville

Superior

Northglenn

Brighton

Thornton

Denver

Littleton

Wheat Ridge

CommerceCity

Cherry HillsVillage

Englewood

Greenwood Village

Parker

SedaliaCastle Rock

Golden

Morrison

Phillipsburg

Fenders

Twin Forks

Tiny Town

Ken CarylRanch

64th Ave.

56th Ave.

64th Ave.64th Ave.

StandleyLake

Barr Lake

Cherry CreekRes.

QuincyRes.

JeffersonAirport


FITZSIMMONSARMY

HOSPITAL

LOWRYREDEVELOPMENT


BASE

CENTENNIALAIRPORT

Rocky Flats

58th Ave.

64th Ave. Ralston Rd.

Oberon Rd

120th Ave.

93

470

470

470470

470

93

26

75

30

88

26

391

121

177

128


Unio

n Bl vd

.

Bear Creek

Bear CreekRes.

Marston Res.

Bowles

Ft. Logan

Res.

Bear CreekRes.

Hyatt Lake

Tucker LakeArvada

Res.

SodaLakes

ChatfieldRes.


Morrison Rd.

Platte

Can

yon R

d.

S. Golden Rd.

Denver West Blvd.

Washington

C

arr S

t.

Turkey Cree

k Rd.

Santa

Fe D

r.

Kipli

ng P

kwy

19th St.

Valmont Dr.

21st Ave.

17th Ave.

Mountain View Ave.

9th Ave.3rd Ave.

Nelson Rd.


Prospect Rd.

Quail Rd.

Oxford Rd.


CO. 34 Neva Rd.

Mineral Rd.

Lookout Rd.

South Boulder Rd.

Baseline Rd.

Rascal Dr. Emma

Baseline Rd.

S. Boulder Rd.


Jay Rd.

CanyonPearl St.

Isabelle Rd.

Jasper Rd.

Airp

ort R

d.

75th

Ave.

75th

Ave.

75th

Ave.

115th

Ave

.

Coun

ty Lin

e Rd.

Coun

ty Lin

e Rd.79

th Av

e.

73rd

Ave

.

63rd

St.

63rd

St.

31st

St.

95th

Ave.

Caria

WCR

3 1/2

Hove

r Rd.

Fran

cis

Main

St.

Lash

ley S

t.Al

pine S

t.Pa

ce S

t.

Longv

iew D

r.

Somerset

83rd

Ave

.

19th

St.

Broa

dway Fo

lsom

28th

St.

30th

St. 47

th St

.

F

oothi

lls

D

iagon

al High

way (Hwy 1

19)

Boulder

Niwot

Erie

Longmont

95th

Ave.


17th Ave. 17th Ave.


1st Ave.



Speer Blvd.

Brighton

Blvd.

Brighton

Blvd.

Larimer

Champa

Speer

Martin Luther King

Smith Rd.

Smith Rd.

Color

ado B

lvd.

Holly

St.

Mona

co P

kwy.

Queb

ec S

t.

Hava

na S

t.Ha

vana

St.

Potom

acPo

tomac

Dayto

n St.

Dayto

n St.

Peor

ia St

.Pe

oria

St.

Peor

ia St

.

Hava

na S

t.

Sable

Gun C

lub R

d.

Towe

r Rd.

Towe

r Rd.

Pica

dilly

Rd.

Pica

dilly

Rd.

Pica

dilly

Rd.

Towe

r Rd.

Towe

r Rd.

Buck

ley R

d.Ai

rpor

t Blvd

.Ai

rpor

t Blvd

.

Cham

bers

Rd.

Cham

bers

Rd.

Cham

bers

Rd.

Cham

bers

Rd.

Queb

ec S

t.Sy

racu

se S

t.Qu

ebec

St.

Queb

ec S

t.

Yose

mite

St.

4th S

t.

Unive

rsity

Blvd

.Un

iversi

ty Bl

vd.Pr

ince

Wind

erme

re

Broa

dway

Color

ado B

lvd.

Yose

mite

St.

Yose

mite

St.

Dayto

n St.

Hava

na S

t.

Peor

ia St

.

Queb

ec S

t.

York

St.

York

St.

York

St.

Down

ing S

t.

Loga

n St.Br

oadw

ay

Kalm

athKa

lmath

Aurora

Peco

s St.

Huro

n St

.

Broa

dway

Was

hingto

n St.

Dahli

a St.

Was

hingto

n St.

Color

ado B

lvd.

Holly

St.

Lambert Rd.

Jord

an R

d.

Motse

nboc

her

Leetsdale Dr.



Jewell Ave.

Yale Ave.

Dartmouth Ave.






Dry Creek Rd.

County Line Rd.



Pine Ln.

Stroh Rd.

MainMcArthur Rd.

Oxford Ave.


Yale Ave. Yale Ave.

Moline

N. H


Castle Pines Pkwy.

Mineral Ave.

Ridge Rd.

Riverda

le Rd.

Danie

ls P

ark

Rd.

W. Parker Rd.

Jordan Rd.

Dran

sfelt

Pine

Dr. To

maha

wk R

d.

Flintw

ood R

d.

Hilltop Rd.

Ponderosa Dr.

Smoky Hill Rd.

Crown

Blvd

.

Potom ac St.

Tamarac

470

470


55th

Ave.


Peco

s St.

85

Luce

nt

Cherry Creek Dr.

Syracuse Way

Del Mar

Old B

righto

n Rd.

Crowfoot Vall

ey Rd.

66 66

52

52

7 7

119

36

287

287

287

Happy Canyo

n

32nd Ave.

DenverFederalCenter

70

70

70

25

25

25

25

25

25

225

225

25

70

270

76

76

76

70

285

287

287

6

85

85

85

85

85

6

36

36

58

72

44

2

52nd Ave. 52nd Ave.

44th Ave.

38th Ave.

32nd Ave. 32nd Ave.

26th Ave. 26th Ave.

20th Ave.

1st Ave.

10th Ave.

Alameda Ave.


Florida Ave.

Morriso

n Rd.

Garri

son S

t.Es

tes S

t.

Pier

ce S

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Quincy Ave.

Belleview Ave.

Bowles Ave.

Coal Mine Rd.

Ken Caryl Ave.

Chatfield Ave.

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72nd Ave. 72nd Ave.

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80th Ave.82nd Ave.

88th Ave. 88th Ave.

84th Ave.

88th Ave.


108th Ave.




152nd Ave.


132nd Ave.


Rd. 2

Bromley Ln.

168th Ave.

Rd. 4

Rd. 6

Rd. 8

Rd. 10

Rd. 4

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Rd. 8

Rd. 10

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Rd.7

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Rd. 1

1

Rd. 1

3

Rd. 1

5

Rd. 1

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Rd. 1

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Rd. 2

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Rd. 3

7

Rd. 3

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Rd. 2

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Rd. 12

Rd. 14

Rd. 16

Rd. 18

Rd. 20

Rd. 22 Rd. 22

Rd. 24

Rd. 28

Rd. 30

Rd. 30

Rd. 4

168th Ave.

160th Ave.

Dillon Rd.



92nd Ave.

96th Ave.

Westminster

Lakewood

Arvada

Broomfield

Louisville

Superior

Northglenn

Brighton

Thornton

Denver

Littleton

Wheat Ridge

CommerceCity

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Greenwood Village

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SedaliaCastle Rock

Golden

Morrison

Phillipsburg

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Twin Forks

Tiny Town

Ken CarylRanch

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64th Ave.64th Ave.

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FITZSIMMONSARMY

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BASE

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64th Ave. Ralston Rd.

Oberon Rd

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21st Ave.

17th Ave.

Mountain View Ave.

9th Ave.3rd Ave.

Nelson Rd.


Prospect Rd.

Quail Rd.

Oxford Rd.


CO. 34 Neva Rd.

Mineral Rd.

Lookout Rd.

South Boulder Rd.

Baseline Rd.

Rascal Dr. Emma

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S. Boulder Rd.


Jay Rd.

CanyonPearl St.

Isabelle Rd.

Jasper Rd.

Airp

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75th

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75th

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75th

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115th

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Brighton

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Larimer

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Smith Rd.

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Towe

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Pica

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Pica

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Rd.

Towe

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Towe

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Buck

ley R

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.Ai

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.

Cham

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Cham

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Jewell Ave.

Yale Ave.

Dartmouth Ave.






Dry Creek Rd.

County Line Rd.



Pine Ln.

Stroh Rd.

MainMcArthur Rd.

Oxford Ave.


Yale Ave. Yale Ave.

Moline

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Castle Pines Pkwy.

Mineral Ave.

Ridge Rd.

Riverda

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Danie

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Jordan Rd.

Dran

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maha

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Flintw

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Hilltop Rd.

Ponderosa Dr.

Smoky Hill Rd.

Crown

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Potom ac St.

Tamarac

470

470


55th

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Peco

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85

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nt

Cherry Creek Dr.

Syracuse Way

Building SF: 6,464

Year Built: 1919

Sale Price: $2,570,000

Sale Date: 01/31/2017

Price/SF: $397.59

Zoning: CC

Blue Parrot640 Main StreetLouisville, CO

The Arvada Tavern5707 Wadsworth Blvd

Arvada, CO

Olde Town Plaza5777 Olde Wadsworth Blvd

Arvada, CO

*Property Sold by Pinnacle REA

1 2 3

12

3

*Property Sold by Pinnacle REA

Building SF: 5,200

Year Built: 1920


Sale Date: 06/16/2017

Price/SF: $295.67

Zoning: B-3

Building SF: 10,844

Year Built: 1938


Sale Date: 01/05/2018

Price/SF: $321.84

Zoning: OT-OW

15

LOCATION OVERVIEW

16

Location Overview

DOWNTOWN LITTLETON

ARAPAHOE COMMUNITY

COLLEGE

W BOWLES AVENUE

SO

UT

H P

RIN

CE

ST

RE

ET

2490 W MAIN STREET

POPULATION RESIDENTIAL COUNT AVERAGE HH INCOME

1 mile 6,628

3 mile 39,753

5 mile 118,647

HOUSEHOLDS


1 mile $70,593

3 mile $92,501

5 mile $93,181

AVERAGE HH INCOME


1 mile 13,372

3 mile 95,591

5 mile 289,983

POPULATION

Traffic Volume

10,140

17

Location Overview

DOWNTOWN LITTLETON -WITHIN WALKING DISTANCE

Historic Downtown Littleton is a charming historic shopping districtwith over 250 eclectic shopping,dining, entertainment and service- oriented businesses. The streets are lined with four-star restaurants and small neighborhood eateries, locally owned boutiques and an award-winning live theater. Featured in 5280 Magazine as one of the Denver Area’s best 10 places to live, shop & work. Community and family friendly events and festivals are held on Main Street throughout the year. There is paid public parking located at Reinke Brothers Costume & Haunted Mansion.

DOWNTOWN LITTLETONShopping & Retail

DiStRict

DOWNTOWN LITTLETON

18

DOWNTOWN LITTLETONDowntown Littleton is located approximately nine-miles south of downtown Denver. There are over 220 businesses in downtown. Main Street is lined with charming art galleries, antique shops, unique clothing boutiques and popular restaurants and bars. Downtown hosts numerous events including: a weekly Farmer’s Market, Mardis Gras celebration, fireworks, concerts and art shows. The 87th annual Western Welcome Week celebration is a community favorite hosting 40 events benefiting local civic and charitable organizations.

SOUTHWEST CORRIDOR LIGHT RAIL LINEThe Southwest Corridor is an 8.7-mile light rail line from I-25/ Broadway to Mineral Avenue in Littleton. There are five stations and approximately 2,600 parking spaces. There is a planned extension from Mineral Avenue to C-470/Lucent Boulevard. The extension will add 2.5 miles of additional light rail and 1,000 more parking spaces.

ARAPAHOE COMMUNITY COLLEGEACC is a 51-acre campus located adjacent to downtown Littleton and currently has over 7,500 full-time students, and 2,500 part-time students. With a track record of over 48 years of operation, Arapahoe Community College is recognized throughout the region as Colorado’s premier community college. They have a highly qualified and dedicated faculty and staff, and a student population that reflects the growing diversity of Colorado.

LITTLETON ADVENTIST HOSPITALLittleton Adventist Hospital is a full-service 231-bed acute care facility. The hospital has been serving the south metro Denver area for more than 20 years. The hospital is currently undergoing a $30 million renovation and expansion. Annually, the hospital has 9,250 admissions and 37,430 emergency room visits. The hospital is home to a Level III NICU, a Level II Trauma Center and a nationally accredited breast center. Littleton Adventist Hospital is one of 15 hospitals in the Centura Health system of care and is part of the Adventist Health System. The U.S. News & World Report ranks Littleton Adventist Hospital as one of the nation’s 1,500 best hospitals for excellence and expertise in urology care.

Location Overview

LITTLETON

19

Disclaimer

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 located at 2490 W Main Street in Littleton, 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.

Investment Contacts:

Josh Newell, Principal303.962.9559 | [email protected]

Lindsey Santaularia, Senior Transaction Manager303.962.9573 | [email protected]

Confidential Offering Memorandum

2490 W MAIN STREETLITTLETON, CO 80120

2490 W MAIN STREET...no new req’d building addition: 50% of new req’d _HISTORIC REVIEW SETBACKS: NEW / ADDITION: front: 10 ft side: t.b.d. GENERAL: guidelines to be discussed _

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