Pitchbook

800

HOYT STREET

Broomfield, Colorado 80020

Marketing & Leasing Proposal

PREPARED FOR

Northstar Commercial Partners R. Brian Watson Founder and President

PREPARED BY

Chris Ball, SIOR, CCIM Brandon Ray

February 28, 2013

800 HOYT STREET

Table of Contents 1

2

800

HOYT STREET

Broomfield, Colorado 80020

Market Data • • • •

..................................................................... Page 2-5 Flex/Industrial Market Data Competitive Flex/Indusrial Properties For Lease Office Market Data Competitive Office Properties For Lease

Marketing Plan

............................................................... Page 6-7

• Action Plan • Marketing Activities

3

Marketing Team

4

Conclusion

............................................................ Page 8-10

• Team Responsibilities • Team Profiles • Success Stories

........................................................................ Page 11-12 • Marketing Recommendations • Why Hire Us?

Table of Contents

800

Flex/Industrial Market | US 36 Corridor & Boulder County Vacancy & Rental Rates

HOYT STREET

Broomfield, Colorado 80020

Target Area

Hi

gh

wa

y

Longmont

on

al

Highway 52

Di

ag

Niwot

I N T E R STAT E

25

Boulder

Lafayette

Source: CoStar

Market Predictions (Next 24 Months) • Demand increases from existing and new companies • Vacancies continue to fall to 7 - 7.5% • Rental rates rise in late 2013, early 2014 • Values improve with better fundamentals and lack of distressed real estate

US

Louisville 36

Superior

800 Hoyt Street

Broomfield

88th Avenue

Westminster

Page 2

Competitive Flex/Industrial Properties For Lease

800

HOYT STREET

Broomfield, Colorado 80020

40,000-120,000 RSF Available 1.

20 N. Bowen Longmont, CO 80501

10.

• 61,792 SF • $6.00-$7.00/SF NNN 2.

4.

3.

5.

6.

• 81,950 SF • $3.95/SF NNN

1.

2.

Longmont

1625 S. Fordham St. Longmont, CO 80503 wa

y

• 62,082 SF • $10.50-$11.50/SF NNN

gh Hi

11.

Highway 52

1285 S. Fordham St. Longmont, CO 80503

7.

• 101,944 SF • $4.95/SF NNN

8.

Boulder

I N TER STATE

25

9.

10.

12.

4.

Lafayette

2950 Colorful Ave. Longmont, CO 80504

US

• 81,750 SF • $4.50-$8.50/SF NNN

1795 Dogwood St. Louisville, CO 80027 • 109,068 SF • $7.00/SF NNN

ag

on

al

Niwot

Di

3.

555 Aspen Ridge Dr. Lafayette, CO 80026

• 403,871 SF • $4.50-$9.00/SF NNN

Louisville 36

333-335 Centennial Pky. Louisville, CO 80027

11.

12.

5.

1850 Lefthand Cir. Longmont, CO 80501

Superior

800 Hoyt Street

Broomfield

13.

14.

13.

• 61,116 SF • $3.00-$3.75/SF NNN 6.

• 52,200 SF • $7.25/SF NNN

1844 Nelson Rd. Longmont, CO 80501

88th Avenue

Westminster

• 152,218 SF • $4.00-$8.00/SF NNN 7.

4801 N. 63rd St. Boulder, CO 80301 • 128,000 SF • $4.00-$8.50/SF NNN

1575 W. 124th Ave. Westminster, CO 80234

14.

8.

2860 Wilderness Pl. Boulder, CO 80301 • 60,000 SF • $22.00SF NNN

9.

1900 N. 57th Ct. Boulder, CO 80301

1200 W. 120th Ave. Broomfield, CO 80234 • 1,193,071 SF • $3.50/SF NNN

• 44,800 SF • $7.95/SF NNN Page 3

800

Office Market | US 36 Corridor & Boulder County Vacancy & Rental Rates

HOYT STREET

Broomfield, Colorado 80020

Target Area

gh

wa

y

Longmont

al

Hi

Highway 52

Di

ag

on

Niwot

I N T E R STAT E

25

Boulder

Lafayette

Source: CoStar US

Market Predictions (Next 24 Months) • Demand increases from all sectors • Vacancies fall 1-2% points • Rental rates rise 5% in 2013 and 10% in 2014 • Values rise with strong fundamentals and limited speculative development

Louisville 36

Superior

800 Hoyt Street

Broomfield

88th Avenue

Westminster

Page 4

800

Competitive Office Properties For Lease

HOYT STREET

Broomfield, Colorado 80020

40,000-120,000 RSF Available 1.

5665 Flatiron Pkwy.

Boulder, CO 80301

7.

305 Interlocken Pkwy.

Broomfield, CO 80021 • 47,444 SF • $14.00/SF NNN

• 41,345 SF • $13.50/SF NNN

500 Eldorado Blvd., Bldg. 2 Broomfield, CO 80021

Hi al

25

Di

9.

Boulder 1.

• 40,664 SF • $23.50/SF FS

4.

329 Interlocken Pkwy.

Broomfield, CO 80021

US

Louisville 36

• 42,467 SF • $15.50/SF NNN

385 Interlocken Crescent Broomfield, CO 80021 • 138,328 SF • $18.00-$24.00/SF NNN

6.

500 Eldorado Blvd., Bldg. 6 Broomfield, CO 80021 • 83,744 SF • $23.50/SF FS

10.

3.

Superior 5.

105 Edgewater Dr. Broomfield, CO 80021 • 186,231 SF • $21.00-$25.00/SF NNN

Lafayette

2.

335 Interlocken Pkwy.

Broomfield, CO 80021 • 70,793 SF • $15.50/SF NNN

INTE RSTATE

ag

• 44,491 SF • $11.95/SF NNN

3.

8.

Gunbarrel

gh

2560 55th St. Boulder, CO 80301

on

2.

wa

y

Highway 52

6.

4.

7.

• 97,922 SF • $16.00-$17.00/SF NNN

800

5.

10355 Westmoor Dr. Westminster, CO 80021

Hoyt Street

Broomfield

8.

9.

10.

11.

7233 Church Ranch Blvd.

Westminster, CO 80021 • 46,445 SF • $12.00/SF NNN

11.

88th Avenue

12.

Westminster 12.

500-550 E. 84th Ave. Thornton, CO 80229 • 332,943 SF • $12.00-$14.00/SF MG

Page 5

800

Marketing Plan | Action Plan

HOYT STREET

Broomfield, Colorado 80020

First 30 Days To Create “Total Marketing Exposure” Cassidy Turley will Complete the Following in the First 30 Days of the Listing Period: • Create Color Property Brochure • Create Marketing Postcard

601 Corporate Circle , Units B, C & D

Golden, Colorado

• Market Property to 50+ Cassidy Turley Brokers

11575 Main Stree t

Broomfield, Colorado

11575 Main Stree t

Broomfield, Colorado

• Install Signage

A

I-7

0

W es

t

• Market Property on:

B C D Available

FOR LEASE

Industrial $10.50/SF NNN 9,336 SF to 30,221 SF

Sale $1,080,000

• •

CoStar

FOR SALE OR

The building is a For total of 54,396 SF with a 24,175 SF In 2009, the owner $5.95/SF NNN office building For Lease built a new addition built in 1995 and construction and of occupied by is located in Corporate 30,221 SF, which is now available for lease. The building The Bailey Company. offers unparalleled Center, which is visibility and outstanding one of west Denver’s is of day. There is easy best business locations. the highest quality signage opportunitie access s from I-70 west The new addition see reverse for features to virtually every major highway: and exposure to over 80,000 vehicles US 6/Highway 93, and aerial.

I-70, C-470 and per US 40/West Colfax.

LEASE Please Louisville, Colorado

ur Avenue 437 South Arth For more information,

Xceligent

• •

Chris Ball, SIOR, Senior Vice President 303-312-4280 cball@ctfuller.com

Circle 862 Brickyard

1515 Arapahoe Street, Suite 1200 Denver, Colorado 80202

Broomfield Corporate Center is a state-of-the Panattoni Developmen Colorado art, two-building, 195,200 t Company.

Golden, The buildings were SF industrial/flex 12,800 to 195,200 constructed to accommoda project built by SF. The facility provides te users ranging 18’ to 24’ ceilings, merous appealing in size from approximate amenities for warehousin large truck courts, ly dock-high and drive-in g and flex users. booming Boulder The project is located loading and nuTurnpike corridor, allowing excellent at the east entrance 287 and I-25 via access to Highway 104th or 120th 36 via the new Westminste to Broomfield in the Avenue. r Boulevard or Highway

ph: 303-292-3700 fx: 303-534-8270

www.ctfuller.com

For more information,

please contact:

Listing #L21299

R.C. Myles, SIOR, CCIM Senior Vice President 303-312-4226 rcmyles@ctfuller.com The information contained

FOR LEASE Industrial/Flex 12,800 SF Space - First Year Rate of $6.95/SF NNN Broomfield Corporate Center

please contact:

Esther Kettering, Senior Vice President 303-312-4278 ekettering@ctfuller.com

LoopNet

herein has been given

Chris Ball, SIOR Senior Vice President 303-312-4280 cball@ctfuller.com

to us by the owner of

the property or other

sources we deem reliable.

We have no reason to

1515 Arapahoe Street, Suite 1200 Denver, Colorado 80202 ph: 303-292-3700 fx: 303-534-8270

For more information,

we do not guarantee

it. All information should

be verified prior to purchase

It has south side Technical Center. warehouse, in the Colorado doors, high clear building is located three drive-in This 12,060 SF for aerial. one covered dock, Please see reverse loading and parking, clean offices. heat and three radiant in floor

1.70 Acres 19’ - 21’

Ceiling Height:

20 Spaces

Parking:

volt, 3 phase 225 Amps, 120/208

Power:

In floor radiant (2010) $28,938.98

Heat Type:

• Broadcast Email to Brokerage Community

Street, Suite 1515 Arapahoe 80202 Denver, Colorado 0 ph: 303-292-370 0 fx: 303-534-827

Taxes: For more information,

please contact:

Brandon Ray 303-312-4250 bray@ctfuller.com

Chris Ball, SIOR 303-312-4280 cball@ctfuller.com

The information

contained herein

has been given

to us by the owner

of the property or

other sources we

deem reliable. We

have no reason

1200

www.ctfuller.com

to doubt its accuracy,

the property or other

sources we deem reliable.

is able to use building An office/service/wareho l/industrial uses.

This newer of commercia a wide variety make this property a secure yard accommodate ploration firms extras including abundance of engineers, geology/ex contractors, attractive for and many others. up against the Golden, nestled the is in northwest with remarkable views of The location formation distinctive hogbackNorth Table Mountain. as foothills as well 6 and C-470, Highway 93, or access to Highway Boulder, Denver The site has easy the ability to reach either see reverse for with minutes. Please Highway 58 in about 20 Highlands Ranch photos. aerial and additional

12,060

Lot Size:

to us by the owner of

,000 FOR SALE $1,995

12,060

Available SF:

herein has been given

We have no reason to

1515 Arapahoe Street, Suite 1200 Denver, Colorado 80202 ph: 303-292-3700 fx: 303-534-8270

www.ctfuller.com

doubt its accuracy, but

we do not guarantee

it. All information should

be verified prior to purchase

or lease.

Board Room

Features SF: Total Building

Reception Chris Ball, SIOR Senior Vice President 303-312-4280 cball@ctfuller.com

or lease.

The information contained

Cassidy Turley Website

please contact:

R.C. Myles, SIOR, CCIM Senior Vice President 303-312-4226 rcmyles@ctfuller.com

www.ctfuller.com

doubt its accuracy, but

but we do not guarantee

it. All information

should be

Site Improvements security gates

r Fenced yard with oil intercepto wash area with Outdoor vehicle system Landscape irrigation

•

• •

system Radiant heat – high volume Exhaust fans

• •

for Purchase Also Available

Furniture systems furniture training room Conference and Clean System Hotsy Steam throughout r and air lines • Compresso

•

•

• Mail Marketing Postcard to Targeted Tenant Prospects

please contact:

Chris Ball, SIOR Senior Vice President 303-312-4280 cball@ctfuller.com

Land

•

•

•

Attractive reception office Corner executive w/ full bathroom

•

•

Board room room Weight/exercise

•

Kitchen

•

•

Warehouse / Shop Clear Height: Overhead Doors:

• •

•

Indirect lighting Security alarm select doors Cyberlocks on Mountain views

• • • •

20-23’

2 @ 12’w X 14’h 2 @ 14’w X 14’h 1 @ 12’w X 14’h East 3 @ 12’w X 14’h North storage above crib w/ mezzanine Secured tool vehicles floors for heavy Reinforced concrete

•

Break room

•

Electrical:

•

Restroom:

•

2.62 Acres

& 2nd floor Restrooms – 1st ceilings First floor - 8’8” 8’5” ceilings Second floor -

•

Training room

South

Taxes: 2010 Property

•

For more information,

7,144 SF 6,300 SF 13,444 SF

Office

•

Systems purchase or lease. verified prior to

Office Warehouse/Shop Total Building

Esther Kettering Senior Vice President 303-312-4278 com ekettering@ctfuller.

ph, 800 amps 120/208 V, 3 Full w/ shower $36,590.38 1200 Street, Suite 1515 Arapahoe 80202 Denver, Colorado 0 ph: 303-292-370 0 fx: 303-534-827

www.ctfuller.com

• Phone Targeted Prospects • Present Property to Broomfield Economic Development • Include Property on Multi-Property Mailers and Emails • Present Property at Commercial Brokers of Boulder • Foot Canvas Target Markets • Regular Communication with Ownership

Total Market Exposure

Maximize Impressions

Maximize Prospects

Maximize Activity

Maximize Value

Page 6

Marketing Plan | Marketing Activities Co-Brand/Market with Innovation Pavilion

Open House

800

HOYT STREET

Broomfield, Colorado 80020

Marketing Center

800 Hoyt Street

800 Hoyt Street, Broomfield CO. Marketing Center

Broadcast eMails

Postcards

Broker Tours

Property Tour Plan Orchard Road

Target

Target

• Tenants • Brokers

• Tenants • Brokers

Greenwood Plaza Boulevard

Floorplan Discussion

Page 7

800

Marketing Team | Team Responsibilities

HOYT STREET

Broomfield, Colorado 80020

Chris Ball and Brandon Ray Current Listings INTE RSTATE

25

MARKETING TEAM Westgate Office Park

3550 Frontier Ave.

555 Aspen Ridge Dr.

333-335 Centennial

1265 Rock Creek Cir. 800 Hoyt St. 1505 1st Ave.

Chris Ball, ccim, sior

1100 S. McCaslin Blvd.

Brandon Ray

Senior Vice President

Broker Associate

20 Years Experience

Park Tech Center

10401 W. 120th Ave. 7247 W. 116th Ave.

3 Years Experience Walnut Creek

Team Leader Market Analysis Community Contacts Lead Negotiator Prospecting

Lead Generation Property Marketing Process Implementation Contact Management

19000 State Hwy. 72

7070 W. 117th Ave.

7233 Church Ranch Blvd.

9160 Marshall Pl. IN T ER STAT E

76

12014 W. 64th

Catamount Business Park Canyon View, Lot 27

4403 Table Mountain Dr.

701 Pine Ridge Rd.

7355 Ralston Rd. 11900 W. 44th Ave. IN T ER STAT E

270

Coors Tek Lot 1

4975 Miller

791 Pine Ridge Rd.

SUPPORT TEAM

IN T ER STAT E

1375 Catamount

9710 W. 50th Ave.

818 Hogback Dr.

12430 W. 44th Ave.

831 Pine Ridge Rd.

Golden Business Center

COO & EVP

Legal

Marketing & Design

Team Management

Property Management

Kristine E. Reinhardt Oversight

Brian Baker Document Preparation Document Review

Teri Merbach Design and Layout Production Implementation

Amy Geschwell Marketing Coordination Process Management Scheduling & Administration Listing Management

Alex Fox Property Services Construction Management

12900 W. 43rd Ave.

1000 10th St.

862 Brickyard Cir.

70

601 Corporate Cir. INT E RSTAT E

70

I-70 W. Corporate

INT ERSTAT E

25

14322 W. Belleview Ave.

Page 8

800

Industrial Team | Team Profiles

Chris Ball, SIOR, CCIM Senior Vice President 1515 Arapahoe Street, Suite 1200 | Denver, CO 80202 T 303.312.4280 C 303.332.6954 F 303.534.8270 chris.ball@cassidyturley.com | cassidyturley.com/colorado Professional Expertise Having been exposed to commercial real estate all his life through a family business and other pursuits, Chris Ball brings broad knowledge of the commercial real estate industry to Cassidy Turley.

Since joining in 1994, Chris has completed over $250 million dollars of lease and sale transactions on behalf of his clients. Using analytical skills, creativity and a keen knowledge of market dynamics, he has completed both economically and logistically complex deals. Chris has a strong perspective of the Northwest Denver/ Boulder market and understands the needs and expectations of different types of building owners, users and tenants.

Areas of Specialization Landlord Representation, Industrial Services Tenant Representation, Industrial Services Professional Recognition Cassidy Turley Colorado Top Industrial Producer, 2010 Cassidy Turley Colorado Top Industrial Producer, 2009 Cassidy Turley Colorado Production Achievement Award Denver Metro Commercial Association of Realtors (DMCAR) Million Dollar Roundtable Community Leadership Past Chairman, Broomfield Economic Development Corporation Past Chairman, Golden Economic Development Commission Volunteer, Big City Mountaineers Professional Affiliations Stockholder, Cassidy Turley Colorado Programs Committee, National Association of Industrial and Office Properties (NAIOP) Executive Board, Denver Metro Commercial Association of Realtors (DMCAR) Executive Board, Commercial Brokers of Boulder (CBB) Past President, Colorado Chapter, Society of Industrial and Office Realtors (SIOR) Member, Certified Commercial Investment Member (CCIM) Member, Energizing Tomorrow Task Force Member, Jefferson County Economic Development Corporation Education Bachelor of Science, College of Business, University of Colorado, graduated Cum Laude

HOYT STREET

Broomfield, Colorado 80020

Brandon Ray Broker Associate 1515 Arapahoe Street, Suite 1200 | Denver, CO 80202 T 303.312.4250 C 970.217.5826 F 303.534.8270 brandon.ray@cassidyturley.com | cassidyturley.com/colorado Professional Expertise Brandon Ray joined Cassidy Turley in 2010 as a Broker Associate specializing in industrial properties in the northwest Denver and Boulder markets. He brings four years of experience in consulting and business-to-business sales to every assignment.

Areas of Specialization Owner/Occupier Sales Landlord Representation, Industrial Services Tenant Representation, Industrial Services Representative Client List • TirExchange • Hogan Action • Cyclo Tool Makers • Piezo Technologies • Otterbox • Alpine Artisan Studios • EAS Colorado • Colonial Van Lines • Nuline Manufacturing Recent Major Transactions • First Industrial Realty Trust, Park Technology Center, 1020 West 124th Avenue, Westminster, Colorado - 150,863 SF • The Krausz Companies, Inc., Broomfield Corporate Center, 11575 Main Street, Broomfield, Colorado - 102,400 SF Community Leadership Volunteer Coach, Fort Collins Arsenal Soccer Club Volunteer Coach, Broomfield Blast Soccer Club Professional Affiliations Member, Denver Metropolitan Commercial Association of Realtors (DMCAR) Member, Commercial Brokers of Boulder (CBB) Candidate, Certified Commercial Investment Member (CCIM) Education Bachelor of Arts, Advertising, Hawaii Pacific University Bachelor of Arts, Public Relations, Hawaii Pacific University

Page 9

Success Stories

800

HOYT STREET

Broomfield, Colorado 80020

Downtown Boulder

29 t h

a Ar

pa

ho

Pearl S t.

University of Colorado

St M all

Foothills Business Park

BN

Broomfield Corporate Center 11575 & 11525 Main St. Broomfield, Colorado 80020

29th S t.

e

SF

Ra

il

Fo o t

hills

Pk w

30 th S t.

y

Foothills Business Park 3550 & 3850 Frontier / 3825 Walnut St. Boulder, Colorado 80301

2 Buildings Totaling 195,000 SF: 100% Leased

3 Buildings Totaling 288,000 SF: 100% Leased

Challenge: Panattoni’s build to suit buyer filed bankruptcy before completion of construction

Challenge: Lease 40 year old metal, single tenant, manufacturer buildings in central Boulder.

of the project.

Solution: Create strategy to multi-tenant the project to maximize value and sell in a timely manner.

Our Strategy: Identify and lease the project to high quality corporate tenants needing a quality building with unique infrastructure.

Success: 100% Leased the north building to several tenants: Ball Aerospace,

Solution: Create strategy to lease project and stabilize for longterm hold.

Our Strategy: Identified outdoor products industry as being underserved in the market. Decided to market the buildings as a multi-tenant project in 20,000 – 40,000 SF office/warehouse space.

Success: Leased project to 100% with variety of quality tenants including: Spyder, La Sportiva, Scarpa, Sea to Summit, Light House Solar, Ironman, Tundra Specialties, WW Grainger and Mont∙bell.

Denver Newspaper Agency, Ball Plastics, Corgenix and Impact Sports. 100% Leased south building to TIAA CREF as a data center on a 15 year lease.

Page 10

Conclusion | Marketing Recommendations

800

HOYT STREET

Broomfield, Colorado 80020

The Highest and Best Use Analysis

Flex/Industrial

Office

Target Industry Sectors

Target Industry Sectors • Technology • Call Center • Administration Operations (back office) • Higher Education

Demand growing for quality high value manufacturing and R&D space, with limited options in 40,000–120,000 SF range • • • •

Aerospace Energy Medical Device Electronics

Recommendations Lease Rates: $7.00-9.00/SF NNN

Demand in all classes is pushing tenants to more economic options.

40,000–120,000 SF options are primarily higher end of market

Recommendations Lease Rates: $10.00-$11.00/SF NNN

Data Center

• Demand growing for cloud based and mission critical

operations • Low risk, low profile locations desirable • Few facilities have existing power, telecom, HVAC or

hardened structure desired • Xcel rates are not competitive nationwide • Colorado has minimal incentives for data centers • Broomfield/Boulder have potential for user or technology development space with data center component • Feasibility study and national marketing with Cassidy Turley Mission Critical Group Recommendations Lease Rates: $10.00-$20.00/SF NNN

Lease Terms 5 -10 years

Tenant Improvements 100% finished with mix of styles: • Skylights/extensive window line • Open ceiling/drop ceiling/clouds • Few hard wall offices • Amenities: coffee bar, outdoor space, foosball

Commissions

Lease Terms 5 – 10 years

Lease Terms 10-20 years

Commissions

Commissions Blend of Flex/Industrial and Office

Tenant Improvements 20%- 50% office with conditioned production areas

Cooperating Broker Transaction: 8% of total net rents Direct Transaction: 6% of total net rents

Cooperating Broker Transaction - $1.50/SF per year up to 5 years

Tenant Improvements Heavily powered and conditioned space with numerous other infrastructure upgrades

Direct Transaction - $1.00/SF per year up to 5 years

Page 11

Conclusion | Why Hire Us? Why Hire Us? The Right Team

800

HOYT STREET

Broomfield, Colorado 80020

Park Technology Centre Greg Downs First Industrial 720.528.7223

We combine the correct blend of experience and enthusiasm to find the prospects and close the deal for you.

No Conflicts

Marketing this property does not conflict us between clients and other listings and you will be the beneficiary of our unclouded focus.

Our Market

This property is in the heart of our focus area which gives us insight into prospects and market trends that we can use to deliver results to you.

Communication

Our team communicates with you and the marketplace frequently and in detail to make sure the property is remembered and understood.

Creative

Superior Pointe Ted Prosser Sequoia Properties 828.242.4722

We use new ideas for marketing and deal structure to create opportunities for gaining prospects and closing deals.

THIS POWERFUL COMBINATION PROVIDES RESULTS TO YOU!

JUST ASK OUR CLIENTS!

Your Team!

• • • • •

Northwest market: Broomfield/Boulder focus We understand and embrace the incubator concept and the importance of the “Creative Class” Leader in area economic development efforts Growing team with expanding network and database Looking forward in our careers!

Foothills Business Park Chris King DPC Development 720.528.3341

Page 12

Cassidy Turley Colorado / 1515 Arapahoe Street, Suite 1200 / Denver, Colorado 80202 / 303.292.3700 / www.cassidyturley.com/colorado