exclusively offered by: multi-tenant office …

MULTI-TENANT OFFICE INVESTMENT OFFERING1901 56TH AVENUE | GREELEY, CO 80634

Gage Osthoff, Broker Associate 970-313-4698 [email protected]

Nick Berryman, Broker Associate 970-313-4690 [email protected] WWW.REALTEC.COM

EXCLUSIVELY OFFERED BY:

REALTEC GREELEY | 1711 61ST AVENUE, #104, GREELEY, CO 80634

TABLE OF CONTENTSWWW.REALTEC.COM

Gage Osthoff, Broker Associate 970-313-4698

[email protected]

Nick Berryman, Broker Associate 970-313-4690

[email protected]

PAGE 3PROPERTY SUMMARY

PAGE 4PROPERTY SUMMARY | SITE PLAN

PAGE 5PROPERTY SUMMARY | FLOOR PLANS

PAGE 6NEIGHBORHOOD INFO

PAGE 7LOCATION AERIAL

PAGE 8LOCAL AREA MAP

PAGE 9TENANT DESCRIPTION

PAGE 10ABOUT GREELEY

PROPERTY SUMMARY

Realtec Greeley is pleased to provide you the opportunity to purchase this fully-leased investment property located at 1901 56th Avenue in Greeley, Colorado. Built in 1996 this 21,581 SF landmark office provides one of the best views of the Front Range Mountains in the area. It is an attractive 2-story building with a solid brick construction exterior. There are many perimeter windows to take advantage of the natural light and landscaped surroundings for both levels and plenty of parking. Easy to find, this property is situated on one of the busier roadways within the city of Greeley and still located in the vibrant, newer side of town. A diverse tenant mix makes this a stable investment. UBS Financial Services, a global financial company, is an original building tenant and also the longest-tenured. Another long-term tenant is KUNC, a local and primarily publicly-funded radio station occupies the majority of the office space and is committed for the longest lease term. The other two tenants in the building, Allied Therapy Associates and Colorado in Motion, are complimentary therapy practice providers ranging from pediatric to workplace/physical therapy services. All leases are corporately backed or personally guaranteed. The property has been well-maintained through the years and most recently underwent a complete roof replacement in November 2018. Considering that and the favorable purchase terms highlighted below, this property is poised to move quickly.

Price: $3,250,000 NOI: $230,652SF: 21,581 CAP Rate: 7.1%Price/SF: $150.60 Term Length*: 4 – 9 yearsOccupancy: 100% Lease Rate Range*: $10.30 – 16.00 NNN

*Please see property rent roll section for more detailed lease information

WWW.REALTEC.COMGage Osthoff, Broker Associate

970-313-4698 [email protected]


[email protected]

PROPERTY SUMMARY SITE PLAN




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Building Highlights:

Gross SF: 21,581

HVAC: RTUs; Gas-forced air

Upper Floor: 13,800

Interior: Drywall finish, Drop-in

ceilings, Carpet/tile finishes

Lower Floor SF: 7,781

Construction: Steel frame

Lot: 1.39 acres

Exterior: Masonry/brick

Topography: Sloping east to west

Roof: EPDM (new)

Parking: 3.52:1000 SF

PROPERTY SUMMARY FLOOR PLANS

10' -

6"

13' -

6"

14' -

11

1/2"

15' -

2"

24' - 2"

9' - 11 1/2"14' - 6 1/2"9' - 11 1/2"14' - 0"15' - 8"

12' -

0"

10' -

1"

13' -

4"

19' -

7"

17' - 6 1/2"

MECH.

UNFINISHEDSTORAGE

23' - 8"4' - 6"

13' -

2"

16' -

2"

UP

SUITE 110

DW

4' - 0" 9' - 11 1/2"4' - 10 1/2"5' - 0"23' - 11 1/2"

4' -

0"

6' -

1"39

' - 9

"

4' - 6"

3' -

10"

12' -

3"

3' -

7"

12' -

8"

7' - 0" 8' - 11" 7' - 9"

3' -

7"

10' - 1" 13' - 5 1/2"

SUITE110

ELEC.PANEL

ELEC.PANEL

DATAPANEL

32' - 7"

26' -

2"

12' - 9"

13' -

0"

8' - 6"11' - 0"10' - 7"18' - 7 1/2"

19' -

2 1

/2"

10' -

5 1

/2"

10' -

5"

13' -

0"

11' -

9"

12' -

5 1

/2"

7' - 9 1/2"

15' - 7"

5' - 10"9'

- 9"

5' - 0"28' - 0 1/2"23' - 10"

10' -

6"

5' -

0"

3' - 4"

MECHANICAL/STORAGE

OPEN AREA

OFFICEOFFICEOFFICE

OFFICE

OFFICE

CONFERENCE/OPEN AREA

WAITINGAREA

OFFICE OFFICE OFFICERECEPTION/

WAITING AREA OFFICE

OFFICE

KITCHENETTE

OPEN AREA

COPYAREA

CONFERENCE

DATA ROOM

RESTROOM

RESTROOM

8' - 3 1/2"

20' -

1"

R.R. R.R.

25' - 0 1/2"

13' - 3"

SUITE100

DEMISING WALL

3' - 0"11' - 6"

6' -

6"

16' - 3"

3' -

9"

6' - 6"5'

- 6

1/2"

MECHANICALACCESS PANEL

4' -

5 1/

2"

3' -

1"

5' - 11"

4' -

0"

5' - 0 1/2"

4' -

3"

7' -

3 1/

2"

ELEC.PANEL

SUITE 100

SUITE 110

SUITE 110 - CONFERENCE/OPEN AREA

COMMON AREA 1

COMMON AREA 2

COMMON AREA 3

STORAGE

MECHANICAL/ STORAGE

MECHANICAL (M2)

MECHANICAL (M3)

MECHANICAL (M4)

MECHANICAL (M5)

SUITE110

SUITE100

STORAGE

MECHANICAL/STORAGE

M2

M3

M4

M5

COMMONAREA 1

COMMONAREA 2

COMMON AREA 3CONFERENCE/OPEN AREA( SUITE 110 )

Issued For:

Sheet Number r4arch.com

Sheet Name

Megan Ohlson

1630 Alpine AvenueBerthoud, CO [email protected]

A1.1

LOWER LEVELFLOOR PLAN

1901

56T

H A

VEN

UE

GR

EELE

Y, C

O 8

0634

1901 56th AVENUEGREELEY, CO

80634

Issued For:

Sheet Number r4arch.com

Sheet Name

Megan Ohlson

1630 Alpine AvenueBerthoud, CO [email protected]

A1.1

LOWER LEVELFLOOR PLAN

1901

56T

H A

VEN

UE

GR

EELE

Y, C

O 8

0634

1901 56th AVENUEGREELEY, CO

80634

3/16" = 1'-0"1 LOWER LEVEL FLOOR PLAN N

LOWER LEVEL FLOOR PLAN

Name Area

SUITE 100 2012 SFSUITE 110 3412 SFSUITE 110 - CONFERENCE/OPEN AREA

613 SF

COMMON AREA 1 70 SFCOMMON AREA 2 578 SFCOMMON AREA 3 187 SFSTORAGE 274 SFMECHANICAL/ STORAGE 494 SFMECHANICAL (M2) 44 SFMECHANICAL (M3) 52 SFMECHANICAL (M4) 24 SFMECHANICAL (M5) 21 SFGrand total 7781 SF

LOWER LEVEL AREA PLAN

No. Description Date1 EXISTING FLOOR PLAN 03.29.2017

No. Description Date1 EXISTING FLOOR PLAN 03.29.2017

SUITE 100

SUITE 200 SUITE

120

SUITE 110

COMMON AREA NOTE: UBS SUITE FLOOR PLAN NOT PICTURED

FIRST FLOOR

WWW.REALTEC.COM

SECOND FLOOR


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NEIGHBORHOOD INFO The offered property is located on the 20th Street corridor in west Greeley with approximately

20,481 AADT and is the prominent area in town for professional office services to be based

or relocate to. The Hiland Park area is a mixed-use neighborhood that is comprised of

professional office, retail, restaurant, recreational and residential uses. Almost immediately

adjacent to the property for sale is the Highland Hills golf course, a city-owned public 18-hole

course across 20th Street. Just east of the property is the primary AIMS community College

Campus servicing close to 9,000 students for up to 200 2-year degree program choices.

Other nearby amenities include work out facilities, restaurants, ballfields, schools, medical

facilities and now the brand new Ziggi’s coffee stand within walking distance of the building.




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LOCATION AERIALWWW.REALTEC.COM


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LOCAL AREA MAPWWW.REALTEC.COM


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CHEYENNE

FORT COLLINS

GREELEY

LONGMONT

DENVER

52 MILES65 MINUTES

32 MILES42 MINUTES

62 MILES72 MINUTES

57 MILES59 MINUTES

TENANT DESCRIPTION

UBS – Mollander Owens Wealth Management Group

Mollander Owens Wealth Management is a local office of UBS, the world’s largest wealth manager. Building on its history of over 150 years, UBS is committed to bringing its global resources to bear on the portfolios of high net worth individuals to help them pursue their wealth management goals. Today, as the world’s largest wealth manager, they are strongly positioned to help their clients address the realities of the global economy and their sophisticated needs. Customized solutions are delivered by dedicated Financial Advisors who are aligned to help give clients confidence in reaching their goals no matter what the environment. Mollander Owens Wealth Management group was founded in 1983 by Richard Mollander and today is comprised of Richard, his daughter Jennifer Owens, and son Mark Mollander.

UBS Financial Services, Inc. (originally Paine Webber) has been a tenant at 1901 56th Avenue since 1996 when the building was constructed.

KUNC

KUNC is a community-licensed public radio station, operated by Community Radio for

Northern Colorado, Inc., a 501 (c) 3, Colorado non-profit organization. CRNC came into existence in the winter of 2001 when a group of community volunteers raised $2 million in 20 days to purchase KUNC’s license from the University of Northern Colorado and preserve the station’s independent voice.

Instrumental in the fundraising campaign were many members of the KUNC listening community, including the KUNC Advisory Council. The Council had existed for many years providing community reaction and guidance to the station staff.

Following the sale of the station to the community group, a Board of Directors was elected which oversees the operation of the station. The KUNC Community Advisory Council continues to provide community insights to the staff in matters of programming, community service and fundraising.

KUNC has been located at 1901 56th Avenue since 2010. In 2017 they expanded in the property and extended their lease.

Front Range Pediatric Therapy Specialists / Allied Pediatric Specialists

Front Range Pediatric Therapy Associates [FRPTA] clinic is comprised of speech, behavior, occupational, and physical therapies, specializing in pediatrics and autism spectrum disorders. FRPTA is a partnership between Northern Colorado Speech Therapy and Front Range Speech

and Behavior. Northern Colorado Speech Therapy’s inception was April 2010. Subsequent years have seen steady financial progression. Front Range Behavior informally began July 2015 and inception was March 2016. Currently there are three offices – Greeley, Loveland, and Windsor. Front Range Pediatric Associates currently operates under the name Allied Pediatric Specialists and includes Colorado In Motion Kids.

Front Range Pediatric Specialists moved into the building at the beginning of 2018 when they outgrew their previous Greeley location. The lease is personally guaranteed by the owner/operators of both Northern Colorado Speech Therapy and Front Range Speech and Behavior.

Colorado In Motion

Colorado in Motion is a clinic providing comprehensive solutions for all physical and occupational therapy services in Northern Colorado. The practice is made up of five clinics across Northern Colorado providing physical therapy, occupational and hand therapy, industrial health, wellness, and pediatric therapy services. The current practice was formed in May 2015 with the merger of Colorado Physical Therapy Specialists and Harmony Hand, two established Fort Collins practices. The lease is personally guaranteed by the four partners of Colorado In Motion.




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ABOUT GREELEY

Close to many places and attractions Greeley is within an hour’s drive of Denver, Denver International Airport, Fort Collins, Cheyenne, and the popular Rocky Mountain National Park near Estes Park, CO. This allows its residents to enjoy all the perks and attractions of the Colorado front range cites, mountain towns, and still be a great smaller-city community to live and raise a family. In recent years Greeley and the surrounding Greeley metropolitan Statistical Area (MSA) has topped charts for growth in the nation by earning the distinctions of: 2017 3rd fastest-growing MSA, ranked 2nd best small cities for jobs and best small cities for business in 2014 by Forbes magazine.Greeley’s thriving economy is primarily fueled by a diverse mix of industries including: agriculture, food processing, energy production, construction services, business services, manufacturing, education, healthcare/wellness, and government services. The major employers in the area are listed below:

Greeley annually hosts the notable regional events of the Greeley Independence Stampede rodeo and parade which is the nation’s largest 4th of July rodeo and festival celebration through a 10-day series of events/activities. Also, in June each year Greeley is home to the Greeley Blues Jam that attracts blues artists from around the country in a 2-day event concert festival in Island Grove Park. Both events together not only pull local fans to the events but also from around Colorado and neighboring states.

• JBS

• UC Health

• Leprino Foods

• Select Energy Services

• State Farm Insurance

• Colorado Premium Foods

• University of Northern Colorado

• Hensel Phelps Construction

• Tele Tech

• Roche Constructors

• Noble Energy

• City of Greeley

• DCP Energy

• LEED Fabrication

• Banner Health Animal Health International

• Helena Chemical Company

• Envirotech Services

• Burris-Steiner

• All American Pet Proteins

Information contained herein is not guaranteed. Buyer/Tenant and Seller/Landlord are advised to verify all information. Price, terms and information are subject to change.

Fort Collins 400 E Horsetooth Rd, Suite 200

Fort Collins, CO 80525 970-229-9900

Loveland 200 E 7th St, Suite 418 Loveland, CO 80537

970-593-9900

Greeley 1711 61st Ave, Suite 104

Greeley, CO 80634 970-346-9900




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