construction complete!
TRANSCRIPT
FOR LEASE or for saleNEW CLASS A INDUSTRIAL SPACE
with OUTSIDE STORAGESpaces from 5,000 TO 68,750 SF
3 6 0 7 R o n a l d R e a g a n B l v d . / J o h n s t o w n , c o
VIEW WEBSITE
CONSTRUCTION COMPLETE!CONSTRUCTION COMPLETE!
The propertyNew Class-A construction. Offers outside storage options and located at prime I-25 and Hwy. 34 transportation corridor. At the epicenter of Northern Colorado with easy access to Wyoming border, east I-76 and 50-minute drive to DIA and downtown Denver. Close to oil fields, educated workforce and surrounded by retail, dining, entertainment and housing, with room to expand.
LEASE RATE BLDG $12.00/NNN
SALE PRICE $185/PSF
TI ALLOWANCE $15.00/PSF
SIZE AVAILABLE 5,000 TO 68,750 SF
SITE
LEASE RATE YARD $2.50/PSF
TRIPLE NET EXP. $5.33/PSF
RONALD REAGAN BLVD.
RONALD REAGAN BLVD.HIGH PLAINS BLVD.HIGH PLAINS BLVD.
US HIG
HWAY 34
US HIG
HWAY 34
SUSTAINABLE DESIGN FEATURES • BUILDING STRUCTURE DESIGNED TO SUPPORT
FUTURE SOLAR PANEL LOADS
• RECYCLED ASPHALT IN YARD AREA
• UPGRADED WALL AND ROOF INSULATION
• ROLL-UP DOORS WITH UPGRADED THERMAL VALUE
• LOW-E GLASS EXCEEDING CODE MINIMUM
• 100% LED STUMBLE LIGHTING AND OCCUPANCY SENSORS
• CLERESTORY WINDOWS IN WAREHOUSE AREA FOR NATURAL LIGHT
U.S. HIGHWAY 34
north
UNION PACIFIC RAILROAD
HIG
H P
LAIN
S BL
VD
GREAT WESTERN RAILROAD
LOT 94.5 AC
OUTLOT D(DETENTION POND)
OPEN SPACE 8.53 AC
LOT 24 2.51 AC
LOT 23 2.74 AC
LOT 22 1.88 AC
LOT 21 2.14 AC
LOT 20 2.68 AC
LOT 19 2.09 AC
LOT 18 2.09 AC
LOT 172.10 AC
LOT 16 2.69 AC
LOT 15 4.52 AC
LOT 14 3.47 AC
LOT 27 1.52 AC
LOT 26 10.13 AC
LOT 25 2.16 AC
LOT 36 27.15 AC
OUTLOT A2.30 AC
OUTLOT C
LOT 6 1.40 AC
LOT 5 1.70 AC
LOT 4 1.70 AC
LOT 3 1.50 AC
LOT 2 1.50 AC
LOT 1 1.90 AC
LOT 83.5 AC
Map is not to scale and is intended for informational and illustrative purposes only. Plans, uses, zoning, amenities, features, availability, acreage, sizes, dates, vehicle counts, listed owners/tenants, and other elements are subject to
change by McWhinney Real Estate Services, Inc. or its a�liates without notice, and shall not be relied upon.
August 13, 2021
LAND USE KEYINDUSTRIAL
OPEN SPACE
S I T E
Ideal for users with warehousing, light manufacturing, assembly or flexible office needs
not available
undercontract
iron horse dr.
ronald reagan blvd.
BuILDING Highlights• Best-in-class, pre-fabricated metal industrial building • Modern front-of-house office space with extensive glazing• 24’ clear, column-free warehouse area in the rear• Drive-in roll up doors every 40’ in warehouse area• Fourteen drive-in doors 12’ x 14’• 277/480 Volt, 3 phase, 1600 amps• 120 parking spaces 1.6/1,000 SF
AMENITIES
• 85,000 sf of fenced outdoor yard area
• Landscaped outdoor plaza – a pleasant setting with shade structures, trees and seating for employees to commune, relax or enjoy lunch
• A cozy fire pit to gather around during the cold months, integrated with an artistic stone and communal bench fabricated by a local artisan celebrating the story of the Johnstown Meteorite
Kinston 2,800Single Family Homes
Early 2022
USAF(U.S. Autoforce)
Thompson Crossing IISingle Family Residential
Thompson Crossing166 Single Family Homes
Springs at 2534212 Apartments
Gateway Phase II236 Apartments
2534 Storage
Marketplace at Centerra
Outlet Mall
PROPERTY AMENITIES
SITE
THESE TERMS SHOULD NOT BE CONSTRUED AS A COMMITMENT TO LEND AND ARE SUBJECT TO FULL UNDERWRITING AND LENDER APPROVAL. ALL TERMS ARE SUBJECT TO CHANGE, INCLUDING INTEREST RATES AND LOAN COVENANTS.
FOR MOST UP-TO-DATE RATE AND TERMS DISCUSSIONS PLEASE CONTACT:
MICHAEL J. BELLUS MARKET PRESIDENT (970) 631-2986 [email protected]
Hypothetical Loan Scenario for Condo purchase
December 18, 2020 Re: Iron Horse Industrial SBA 504 Financing The information set forth in this Terms Letter will outline the general terms and conditions of the loan for discussion purposes only and are subject to further specific terms and lending conditions, which will be determined through a full underwriting of the borrowers. All terms subject to change at any time.
Terms Proposal for Discussion Purposes Only Borrowers: TBD Real Estate Holding Entity Guarantors: Operating Entity occupying subject property, and all owners of 20% or more of the
subject entity. Purpose: Purchase owner-occupied industrial space. Loan Amount: Up to 90% of the cost of the subject property: Bank of Colorado: Up to 50% 1st Deed of Trust loan SBA 504: Up to 40% 2nd Deed of Trust Loan Loan Fee: Bank of Colorado: 1/2% loan origination. Borrower will also be responsible for all third-
party costs related to this transaction (i.e. appraisal, title insurance, legal fees, filing fees, etc.). SBA 504: 2.74% at the time of their loan funding. These fees can be financed.
Repayment Terms: Bank of Colorado: Up to 25-year amortization SBA 504: Up to 25-year amortization Interest Rate: Bank of Colorado: As of today, rate will be fixed at 3.50% for years, then will adjust every
5 years to the current 5-year FHLB rate + 2.50%. No Pre-Payment Penalty. SBA 504: Rate fixed at the time of SBA funding. As of 12/18/2020, Current 25-year fixed rate is 2.471%. There is a prepayment penalty starting in year one of the SBA rate, then decreasing by 10% each year until the expiration of the prepayment penalty after year 10.
Collateral: Bank of Colorado: The Credit Facility shall be secured by a 1st Deed of Trust on the
subject property, as well as an Assignment of Rents.
SBA 504: The Credit Facility shall be secured by a 2nd Deed of Trust on the subject property, as well as an Assignment of Rents.
Loan Covenants: To be determined through specific underwriting of borrowers, but some standard
examples include: 1.25x Debt Service Coverage Ratio, based on annual tax returns Annual financials for all borrowers and guarantors
These terms should not be construed as a Commitment to Lend and are subject to full underwriting and lender approval. All terms are subject to change, including interest rates and Loan Covenants. Bank of Colorado Michael J. Bellus Market President
This conceptual design is based upon a preliminary review ofentitlement requirements and on unverified and possiblyincomplete site and/or building information, and is intendedmerely to assist in exploring how the project might be developed.
NORTH
SHEET
01-06-2021
DEN20-0008-00Iron Horse Building 1JOHNSTOWN, COLORADO
0 10 20 40 100
1" =20'
90'-0
"TY
P.
68,617 SF
GRAVELYARD
86,711 SF
IRON HORSE INDUSTRIALBUILDING 1
RONALD REAGAN BOULEVARD
30'-0
"TY
P.
20'-0"TYP.copy of loan summary
CONDO SIZE
PRICE @ $185 / SF
DOWN PAYMENT @ 10%
LOAN AMOUNT
BANK PORTION AT 3.5%
SBA PORTION AT 2.5%
LOAN PAYMENT
BANK PORTION
SBA PORTION
TOTAL PAYMENT
MONTHLY ANNUALLY $/SF
20,000 SF
$3,700,000.00
$407,000.00
$3,293,000.00
$1,646,500.00
$1,317,200.00
$8.242.77
$5,909.18
$14,151.95 $169,823.40 $8.49
*Loan payments based on 25 year amortization schedule.*Information based on core and shell delivery. Additional costs for Tenant Improvements not included*All information subject to change. Contact Mike Bellus at Bank of Colorado for current rates and terms.
INTERSTATE
25
INTERSTATE
25
INTERSTATE
25
INTERSTATE
70
INTERSTATE
76
INTERSTATE
70D E N V E R
D I A
F O R T CO L L I N S
LOV E L A N D
B O U L D E R
G R E E L E Y
C H E Y E N N E
WYO M I N G
36
N OT TOS C A L EDRIVE TIME mAP
FORT COLLINS
25 MINS
CHEYENNE
60 MINS
LARAMIE
1 .5 HRSDENVER/DIA
50 MINS
60 M
INS
60 M
INS
30 MINS
30 MINS
JOHNSTOWN
OLD TOWN FORT COLLINSCOLORADO STATE UNIVERSITY
NORTHERN COLORADO REGIONAL AIRPORT
MEDICAL CENTER OF THE ROCKIES
BUDWEISER EVENTS CENTER
THE PROMENADE SHOPS AT CENTERRA
UNIVERSITY OF NORTHERN COLORADO
UNIVERSITY OF COLORADO
34
GREELEY
22 MINS
The Iron Horse Industrial Building is McWhinney’s newest product type that is tailored to Northern Colorado’s demand for the integration of warehouse, office and fenced yard requirements. This Class-A building provides flexible space configurations for companies requiring anywhere from 7,500 SF to 68,750 SF. Warehouse has a 24’ clear height and market leading sustainability features. In close proximity to the Northern Colorado Regional Airport, Iron Horse also has easy truck access to Interstate 25, Highway 34, Interstate 80, and Highway 287. Iron Horse is part of a rapidly growing community at the 25/34 Corridor which has over 8,000 employees, and access to more than 30 restaurants, 100 shops, 4 hotels, miles of trails, 300 acres of open space and incredible views of Colorado’s front range.
contact info
development overview
MIKE EYER | F i rst Vice President | +1 970 372 3844 | [email protected] LUNDY | C3 Commercial | +1 970 443 2900 | [email protected]
northern colorado quick stats
#1BEST PLACES TO LIVE
(FORT COLINS) -LIVABILITY
#1BEST CITIES IN COLORADO TO
RAISE A FAMILY 2017 (WINDSOR) - WALLET HUB
36,381TRAFFIC COUNTS US HWY 34 AND E
JEFFERS FRONTAGE RD W 36,381 VPD (0.76 DISTANCE FROM SUBJECT)
#5BOOMTOWNS IN AMERICA
2019 (GREELEY) - SMARTASSET
50CENTRALLY LOCATED 50 MINS
FROM DENVER AND DIA
MOST AFFORDABLE CITIES IN COLORADO 2018 (LOVELAND)
- LIVABILITY
#2
© 2021 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PMStudio_December2020
25-MILES 50-MILES
BUSINESSES 25,090 103,956
EMPLOYEES 281,894 1,421,752
POPULATION 778,368 2,794,639
AVG HH INCOME $99,668 $103,843
HOUSING UNITS 304,999 1,158,656
demographics