Brett Beerer Broker 303-356-2945 [email protected]Evergreen Commercial Group, LLC 11873 Springs Road, Suite #110 Conifer, CO 80433 303-838-2000 www.evergreencommercial.net Kings Valley Marketplace 30403 Kings Valley Drive Conifer, CO 80129 55,391 Sq Ft Multi-Tenant Office/Retail + Kum & Go Ground Lease Value-Add Offered over $1.75 million discount to As-Is appraised value $10.175 million 18-24 month $10.535 million As Stabilized Value $8,250,000
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30403 Kings Valley Drive Conifer, CO 80129 $8,250,000 · 2019-11-13 · 45 minutes to DTC Unincorporated Jefferson County 30403 Kings Valley Drive Conifer, CO 80433 Office/Retail
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Evergreen Commercial Group, LLC11873 Springs Road, Suite #110
Conifer, CO 80433303-838-2000
www.evergreencommercial.net
Kings Valley Marketplace30403 Kings Valley Drive
Conifer, CO 80129
55,391 Sq Ft Multi-TenantOffice/Retail
+Kum & Go
Ground Lease
Value-AddOffered over$1.75 million discount to
As-Is appraised value
$10.175 million
18-24 month $10.535 million As Stabilized
Value
$8,250,000
Kings Valley Marketplace Priced Below Replacement Cost Value-Add Opportunity
• Currently 70% Occupied• Additional 21% with Pending
Leases• Lease escalators & turnover to
market to Stabilized Value of $10.7 million
20,000 Daily Cars on HWY-285 Conifer is a high net worth
Mountain Suburb of Denver 25 minutes to C-470 & 285 40 minutes to Downtown Denver 45 minutes to DTC Unincorporated Jefferson County
30403 Kings Valley Drive Conifer, CO 80433
Office/Retail 55,391 Rentable Square Feet
PLUS 1 acre Kum & Go Ground Lease Fee Simple 6.25 acre site Finished in 2016 Steel Frame & Wood Construction 2 Ground Stories 2nd Level Drive-Up Parking Diverse Tenant Mix Covered Walkways to Suites
Kum & Go Ground Lease
2nd Level Drive-Up Parking
Diverse Tenant Mix of Local and National Companies
Kum & Go Ground Lease Forest Service District Office (GSA) Kings Emporium (Consignment Store) Conexsmart (Aerospace & Defense company) Pure Hemp Collective Dynamic Fitness Kings Valley Wine & Spirits Mercantile Mart (Furniture) Ernie’s Bakery Prism Sciences (Santeer) Colorado Laser & Vein Peaceworks Leaderone Mortgage and more….. including pending Conifer Brewhouse.
conex/mort emp TVE
~ santeer.. Nature and science to the rescue
Investment Highlights Discounted Over $1 million off of Appraised Value for Quick Disposition Mixed-Use Tenant Diversification with Retail and Office Tenants
20 year GSA Lease (Forest Service District Office) 99 year Ground Lease with Kum & Go
Clear path to Stabilization with Current Prospective Tenants in Lease Negotiations Additional returns with 3-5% lease escalators
Proforma $850,000 NOI year 3 Lease Rollover opportunity to higher Market Rents as center is nearly full.
Versatile Retail and Office Space with 2nd Level Drive-Up Parking Good Southern Exposure with Beautiful Views of Pike Peak Ample Municipal Water District with Lowest Rates in Foothills One of the Few Buildings in Area to Offer Fiber Optic Internet
Cash Flow Before Debt Service 752,304$ 829,633$ 859,687$ 849,424$ 976,661$ 980,892$ 1,059,603$ 1,056,054$ 1,157,638$ 1,213,685$
Overview 53,391 Rentable Square Feet Recently Renovated/Finished 2016 Upside with Pre-Leased units in Design & Permitting Stage. Very well maintained 20,000 Daily Car Count US HWY 285 Covered Walkways and Decks for most Suites Architectural Awarded Building Wet Fire Sprinkler System with Cistern Fiber Optic Internet up to 1 GB Forced Air and Heat, Rooftop Units Municipal Water District
The Evergreen Commercial Group is pleased to offer Kings Valley Marketplace for sale on behalf of the Kings Valley Group, LLC.
The property includes two ground level floors, with both having drive-up and parking access allowing retail or office on either floor. Upstairs End-Caps have Large Patios.
Building is mixed use retail/office and zoned for a variety of commercial use.
Gorgeous Views of Pikes Peak with Year Round Southern Exposure
Easy Access Easy Access for Local Residents, Ski Traffic, and Mountain Adventurers Serving Mountain Towns of Breckenridge, Buena Vista, Gunnison, Crested Butte, and Southwestern Colorado
August 2016 Prior to Leasing
Demographics
The Conifer area is an affluent mountain town located along U.S. HWY 285 at an elevation of 8,277 feet. Located in the foothills southwest of Denver, Conifer is
a great place for raising a family, working and enjoying the great outdoors.
Here you’ll find great restaurants, festivals, and outdoor activities.
3 miles 5 miles 10 miles
Population 5,742 13,394 48,143
Avg HouseholdIncome
$118,123 $117,438 $133,762
Households 2,304 5,526 20,342
Businesses 369 592 2,087
Conifer Highlights
Conifer and the surrounding foothills encompass roughly 45,000 residents. Famous for it’s sprawling vistas and mountain ranches, Conifer sits as a jewel in the rolling foothills just 30 miles to the West of Denver. Good
schools, ample amenities, and friendly inhabitants makes Conifer an attractive town to raise a family. Residing on busy US HWY 285, Conifer is a bustling mountain suburb of Denver, with the majority of the residents
making the daily commute of 30-45 minutes to jobs in Downtown Denver and the Tech Center. With numerous Open Spaces and Staunton State Park, Conifer allows for a great setting for visitors to enjoy weekend shopping and dining. Hwy 285 is the only other major thoroughfare, besides I-70, through the Mountains west of Denver with lots of traffic for outdoor enthusiasts, such as Hikers, Campers, Fishers, and Skiers. Conifer resides less
than 40 miles from Breckenridge and Summit County.
Kings Valley Marketplace
$8,250,000
Great Value AddInvestment Property
$1.75+ million in value with pending leases to stabilization
All materials and information received or derived from Evergreen Commercial Group, LLC its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.
Neither Evergreen Commercial Group, LLC its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Evergreen Commercial Group, LLC will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party.
All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Evergreen Commercial Group, LLC makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Evergreen Commercial Group, LLC does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property.
Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Evergreen Commercial Group, LLC in compliance with all applicable fair housing and equal opportunity laws.
Evergreen Commercial Group, LLC11873 Springs Road, Suite #110