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Eric Diesch, Senior Advisor 720.638.5412 [email protected] Peter Sengelmann Senior Advisor 303.962.9552 [email protected] Jackson Coon Associate Advisor 720.370.3148 [email protected] Prepared by: Oak AVE 75 65 & EATON, CO 80615 PLEASE DO NOT CONTACT TENANTS, OWNERS, OR EMPLOYEES
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EATON, CO 80615

Feb 19, 2022

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Page 1: EATON, CO 80615

Eric Diesch,Senior [email protected]

Peter SengelmannSenior [email protected]

Jackson CoonAssociate [email protected]

Prepared by:

Oak AVE7565&

EATON, CO 80615

PLEASE DO NOT CONTACT TENANTS, OWNERS, OR EMPLOYEES

Page 2: EATON, CO 80615

1. Property Overview

2. Location Overview

3. Area Overview

4. Disclosure

TABLE OF CONTENTS

Oak AVE7565&

EATON, CO 80615

PLEASE DO NOT CONTACT TENANTS, OWNERS, OR EMPLOYEES

Page 3: EATON, CO 80615

33

Oak AVE7565&P R O P E R T Y O V E R V I E W

Building Type: Storage Warehouse

Building Square Footage: 3,120 SF

Lot Size: .19 AC

YOC: 1964

Building Type: Freestanding Flex-Industrial

Building Square Footage: 21,157 SF

Lot Size: .56 AC

YOC: 1964

65 OAK AVENUE 75 OAK AVENUEEATON, CO 80615 EATON, CO 80615

SALE PRICE: $3,641,550 ($150/SF)

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Oak AVE7565&P R O P E R T Y O V E R V I E W

Building Features:

• Full structural and cosmetic renovations completed in 2019 including replacement of all plumbing, concrete, electrical and internal steel structure.

• All production levels wired withcat5e intranet (1Gbps) throughout

• LED lighting throughout the building including High Bay and Low Bay LED lights in warehouse spaces

• High R-value insulation (2” closed cell spray foam + vinyl backed batts) with gas heat.

• Concrete pad is currently used for storage container

• 10 striped parking spots as well as fencible area in the rear of the building for potential storage

• Pre-planned for expansion inside current shell including 3,000 SF as office, plus 5,000 SF as 3rd floor manufacturing accessed from 4th stop of material lift

• Pre-engineered to add 5,000 SF to the 3rd floor manufacturing space and a 4th stop on material lift

• In place tenant is open to executing a 1 year lease

• HWY 85 frontage of 100ft with easy semi-truck access along a main truck/shipping corridor

• Additional Features include – fully sprinklered, 400 Amps of power at 480 Volts, 2” natural gas line, fully handicap accessible including wheelchair lift

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Oak AVE7565&P R O P E R T Y O V E R V I E W

Lower Level Features:

• 8,280 SF warehouse access from ramp or internal lift with 11’ clear height

• Air-to-heat exchanger for healthy air exchange in lower levels

• Material lift with 8’ x 16’ lift car (17,500 LB rated) provides fork lift access between floors

• Exterior ramp access also provided to double garage door with 9’ clear height.

• Could allow vehicle or equipment storage

Office Features:

• 2,991 SF office (open floor plan)

• Includes 2 enclosed offices and a conference room

• Fully air conditioned

• Men’s and Women’s restrooms with showers

• Pre-engineered for additional office levels

Main Level Features:

• 8,280 SF warehouse access from dock high door; 19’ clear central area and 14’ clear sides

• 1,606 SF roll-in access for vehicle storage or added shop

• 14’ high door with 22’ clear height

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Oak AVE7565&P R O P E R T Y O V E R V I E W

COLLINS STREETCOLLINS STREET

1st STREET1st STREET

75 OAK STREET75 OAK STREET

65 OAK STREET65 OAK STREETE

LM A

VE

NU

EE

LM A

VE

NU

E

EATONEATONTOWN SQUARETOWN SQUARE

Page 7: EATON, CO 80615

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Oak AVE7565&L O C AT I O N O V E R V I E W

65 & 75 OAK AVENUE

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Oak AVE7565&A R E A O V E R V I E W

EATON, CO

POPULATION MEDIAN AGE MEDIAN HH INCOME

NUMBER OF EMPLOYEES MEDIAN PROPERTY VALUE

5,317 36.9 $80,997

2,577 $286,200

ABOUT In 2019, Eaton, CO had a population of 5.32k people with a median age of 36.9 and a median household income of $80,997. Between 2018 and 2019 the population of Eaton, CO grew from 5,148 to 5,317, a 3.28% increase and its median household income grew from $77,762 to $80,997, a 4.16% increase.

The 5 largest ethnic groups in Eaton, CO are White (Non-Hispanic) (73.1%), White (Hispanic) (20.2%), Two+ (Non-Hispanic) (4.08%), American Indian & Alaska

Native (Hispanic) (0.846%), and Two+ (Hispanic) (0.809%). 0% of the households in Eaton, CO speak a non-English language at home as their primary language, and 94.4% of the residents in Eaton, CO are U.S. citizens.

In 2019, the median property value in Eaton, CO was $286,200, and the homeownership rate was 83%. Most people in Eaton, CO drove alone to work, and the average commute time was 25.9 minutes. The average car ownership in Eaton, CO was 2 cars per household.

Source: https://www.datausa.io/

3.28% 1-YEAR GROWTH

Page 9: EATON, CO 80615

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Oak AVE7565&

Greeley is the home rule municipality that is the county seat and the most populous municipality of Weld County, Colorado, United States. Greeley is in northern Colorado and is situated 49 miles (79 km) north-northeast of the Colorado State Capitol in Denver.

According to a July 2018 estimate by the U.S. Census Bureau, the population of the city is 107,348, and a 2014 population estimate made Greeley the 12th-most-populous city in Colorado. Greeley is a major city of the Front Range Urban Corridor.

GREELEYPOPULATION

107,348FASTEST GROWING

METRO AREA

#3AVERAGE HH INCOME

5-MILE RADIUS

$67,788

TOTAL HOUSEHOLDS

35,100

U.S. CENSUS BUREAU 2016-2017 IN 2017

ECONOMYAmong the companies based in Greeley are the meatpacker JBS USA, the outsourcing company StarTek, and the contractor Hensel Phelps Construction. The Colorado/Kansas operations of natural gas utility Atmos Energy are based in Greeley.

EDUCATION Most Greeley public schools are part of the Weld County School District 6. There are four high schools, Greeley Central High School, Greeley West High School, Jefferson High School and Northridge High School, are in and serve Greeley. There are four middle schools, which serve grades 6–8: Brentwood Middle, Franklin Middle, Heath Middle, and Prairie Heights Middle School. There are thirteen elementary schools in Greeley serving kindergarten through 5th grade: Centennial Elementary, Dos Rios Elementary, Fred Tjardes, Heiman Elementary, Jackson Elementary, Madison Elementary, Maplewood Elementary, Martinez Elementary, McAuliffe Elementary, Meeker Elementary, Monfort Elementary, Scott Elementary, and Shawsheen Elementary.

A R E A O V E R V I E W

GREELEY, CO

Page 10: EATON, CO 80615

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Oak AVE7565&A R E A O V E R V I E W

Windsor, CO

POPULATION MEDIAN AGE MEDIAN HH INCOME

NUMBER OF EMPLOYEES MEDIAN PROPERTY VALUE

26,806 38.9 $99,732

13,456 $406,100

ABOUT In 2019, Windsor, CO had a population of 26.8k people with a median age of 38.9 and a median household income of $99,732. Between 2018 and 2019 the population of Windsor, CO grew from 25,232 to 26,806, a 6.24% increase and its median household income grew from $96,710 to $99,732, a 3.12% increase.

The 5 largest ethnic groups in Windsor, CO are White (Non-Hispanic) (86.6%), White (Hispanic) (6.07%), Asian (Non-Hispanic) (1.85%), Other (Hispanic) (1.69%),

and Two+ (Non-Hispanic) (1.62%). 0% of the households in Windsor, CO speak a non-English language at home as their primary language, and 98.4% of the residents in Windsor, CO are U.S. citizens.

In 2019, the median property value in Windsor, CO was $406,100, and the homeownership rate was 82.5%. Most people in Windsor, CO drove alone to work, and the average commute time was 22.7 minutes. The average car ownership in Windsor, CO was 2 cars per household.

Source: https://www.datausa.io/

6.24% 1-YEAR GROWTH

Page 11: EATON, CO 80615

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Oak AVE7565&

Loveland is the Home Rule Municipality that is the second most populous municipality in Larimer County, Colorado, United States. Loveland is situated 46 miles north of the Colorado State Capitol in Denver and is the 14th most populous city in Colorado. As of the 2010 census the population of Loveland was 66,859, and in 2018 the population was estimated at 77,446.The city forms part of the Fort Collins-Loveland Metropolitan Statistical Area and the Front Range Urban Corridor. The city’s public schools are part of the Thompson R2-J School District.

LOVELANDPOPULATION

77,446TOTAL

HOUSEHOLDS

31,285LARGEST CITIES IN

COLORADO

#14U.S. CENSUS BUREAU

MEDIAN HH INCOME

$64,209IN 2018

ECONOMYThe economy of Loveland, CO employs 36.6k people. The largest industries in Loveland, CO are Retail Trade, Health Care & Social Assistance, and Manufacturing, and the highest paying industries are Utilities, Public Administration, and Mining, Quarrying, & Oil & Gas Extraction.

Median household income in Loveland, CO is $64,209. Males in Loveland, CO have an average income that is 1.33 times higher than the average income of females, which is $51,692. The income inequality in Loveland, CO is 0.471.

EDUCATION Loveland schools spend $8,485 per student (The US average is $12,383). There are 19 pupils per teacher, 426 students per librarian, and 256 children per counselor.v

A R E A O V E R V I E W

LOVELAND, CO

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Oak AVE7565&

Fort Collins is a municipality in northern Colorado, which serves as the seat of Larimer County. Situated on the Cache La Poudre River along the Colorado Front Range, Fort Collins is located 56 miles north of the Colorado State Capitol in Denver. With a 2018 estimated population of 167,830, it is the fourth most populous city in Colorado. Fort Collins is a midsize college city, home to Colorado State University and Front Range Community College’s Larimer campus.

ECONOMYFort Collins’ economy has a mix of manufacturing and service-related businesses. Fort Collins manufacturing includes Woodward Governor, Anheuser-Busch, and Otterbox. Many high-tech companies have relocated to Fort Collins because of the resources of Colorado State University and its research facilities. Hewlett Packard, Intel, AMD, Avago, Beckman Coulter, National Semiconductor, LSI, Microsoft, Rubicon Water and Pelco all have offices in Fort Collins. Other industries include clean energy, bioscience, and agri-tech businesses.

FORT COLLINSPOPULATION

167,830TOTAL

HOUSEHOLDS

62,796LARGEST CITIES IN

COLORADO

#4U.S. CENSUS BUREAU

MEDIAN HH INCOME

$62,132IN 2018

EDUCATION K–12 public education is provided through Poudre School District (PSD). The district operates and manages the public schools in the city of Fort Collins, as well as in the surrounding towns of Wellington, Timnath, Windsor, Laporte and Livermore. The district is one of the fastest growing in Northern Colorado.

Colorado State University heads up the choices in higher education. Front Range Community College also maintains a campus in the city, and grants associate’s degrees in arts, science, general studies, and applied science. The college offers 17 high school vocational programs and more than 90 continuing education classes.

A R E A O V E R V I E W

FORT COLLINS, CO

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Oak AVE7565&DISCLOSURE

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 65 Oak and 75 Oak located in Eaton, 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.

*Do not contact tenants or employees at the property. All tours are by appointment only.*

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Oak AVE7565&

Pinnacle Real Estate Advisors | One Broadway Suite A300 | Denver, CO 80203 | 303.962.9555 | www.PinnacleREA.com

INVESTMENT CONTACTS

HEAVY HITTERS BROKER OF THE YEARPOWER BROKER FOR TOP SALES TOP 100 WORKPLACES

2,540+ TOTAL TRANSACTIONS

2006ESTABLISHED

$3.95BTOTAL SALES VOLUME

ERIC DIESCHSenior Advisor720.638.5412

[email protected]

PETER SENGELMANNSenior Advisor303.962.9552

[email protected]

JACKSON COONAssociate Advisor

[email protected]