Huron Investment Marketing Package Broomfield, CO

Transcription

1 Huron Investment Marketing Package Broomfield, CO

2 Commercial Development Opportunity Exclusively Presented By: Thomas Hill WK Real Estate (720) Eric Rutherford WK Real Estate (303) Liz Law-Evans Law and Evans Associates, Inc Sheree Guice WK Real Estate (720)

3 Property Highlights Sale Price: $14,500, ($8.99 per SF or $391,892 per Acre) Lot Size: Approximately 37 acres or 1,611,720 SF. Zoning: Agriculture Addresses: Huron Huron Huron Huron Huron Approximately 37 acres Prime land in North Broomfield indicated on the verge of a huge development boom! One of the few remaining opportunities for an independent developer to acquire land in the North Park area One of the few remaining opportunities for an independent developer to acquire land in the North Park area. Five contiguous properties comprising approximately 37 acres at the northeast corner of 160th and Huron and located in the I-25/Highway 7 area just West of I-25. Close to the new location for the IKEA store, University of Colorado s new Health Sciences Research Park, RTD s North Line commuter rail is that is under construction. The properties are currently zoned A-3 and used as residences, operation of RV and boat storage, and as agricultural land. The City and County of Broomfield has a Comprehensive Plan that is not a formal zoning document, but shows a mix of employment and mixed-use commercial/residential.

4 MEMO TO: Whom it may concern FROM: Elizabeth Law-Evans, Law and Evans Associates, Inc.; Sheree Guice, Tom Hill, & Eric Rutherford, Wright-Kingdom Real Estate, Inc. SUBJECT: Investment Opportunity: land at 160 th Ave. and Huron Street, Broomfield DATE: August 30, 2016 This memo outlines an investment opportunity regarding land for sale at 160 th and Huron Street, Broomfield, Colorado. Price: $14.5 million for all five properties. Property Description: There are five contiguous properties comprising approximately 37 acres at the northeast corner of 160 th and Huron. Each lot is oriented east-west with frontage along Huron. Together all five lots basically make up a quarter-quarter. The properties are currently used as residences, operation of RV and boat storage, and as agricultural land. Property is located in Broomfield, currently zoned A-3(A) ( legacy Adams County A-3; zoning map can be found here: DocumentCenter/View/290 and more info on legacy zoning can be found here: In order to develop the property would need to be rezoned, most likely as a PUD through Broomfield s development process ( index.aspx?nid=291).

5 Adjacent Properties: To the east (abutting the subject property), to the west (across Huron), and to the south and southeast (across 160 th ) is undeveloped property in Broomfield owned by McWhinney CCOB Land Investments LLC. To the north is undeveloped property in Broomfield owned by North Huron Investment. To the northwest, across Huron, is undeveloped property in Broomfield owned by Adams -84. To the southwest, across both Huron and 160 th, is the Nordstrom open space owned by the City and County of Broomfield. North Huron Investment Adams - 84 McWhinney Subject Properties McWhinney CCoB McWhinney McWhinney Subject Property and adjacent landowners

6 CCoB Comprehensive Plan Designation: The City and County of Broomfield has a Comprehensive Plan that is not a formal zoning document but rather a group of ideas and thoughts that citizens and staff envision possibly occurring over the next decade or so. The Comp Plan is in the process of being updated, but we do not feel that the thoughts for this area will significantly change. (Note: Liz serves on the Comp Plan Update Task Force.) Bearing in mind, again, that the Comp Plan is not a formal zoning document, the Comp Plan map for this area shows a mix of employment and mixed-use commercial/residential. There is some indication that the city envisions an east-west road nearby, but it s crucial to remember that this is NOT a formal zoning document and there are no requirements that anyone put a road here or anywhere else. The map can be found here: and more information on the Comp Plan itself can be found here:

7 CCoB Comprehensive Plan detail for the area. CCoB Comprehensive Plan legend.

8 Interesting Developments Nearby: The north Broomfield I-25/Highway 7 area is starting to really pop. There are a number of recent announcements that indicate that this area is on the verge of a huge development boom. Some of those announcements include: In late 2012, the University of Colorado purchased of 66 acres on Highway 7 for their new Health Sciences Research Park. The southern edge of that property is about a quarter mile from the subject property. At a cost of just under $24 million ($8.30/sf) the property is easily accessible via I-25 and the Northwest Parkway, and within McWhinney s North Park mixed-use development. press-releases/display/321 McWhinney has announced the hiring of their real estate development manager for the North Park project, nearly a thousand acres of high-energy mixed-use development. RTD s North Line commuter rail is under construction. Current plans call for that line to extend to Highway 7. Broomfield elected officials are bound and determined to extend that line west across I-25 in to Broomfield, and are actively working on funding solutions. Broomfield has a very creative staff that works well with other municipal governments and counties on cooperative projects with a creative flair. This is bound to happen sooner rather than later. uploads/nm/nm_n_line_2016_final.pdf Lingonberry preserves and rolling Raskog carts are due to come to Broomfield sometime around 2018 as the Scandinavian retailer IKEA is set to close on a large acreage at the northwest corner of I-25 and Highway 7, just a hop, skip, and jump from the subject property. In a coup envied by many other cities along the Front Range, IKEA chose to locate in Broomfield for the unique locational, quality-of-life, transportation, and demographic attributes. broomfield/

9 Note that there are other nearby projects in various planning stages, but not all have been announced to the public. Yet. Disclaimer regarding Broomfield City Council: Liz serves on the Broomfield City Council. Under this listing, ethics require that she recuse herself from any votes on matters that might directly impact the subject property. (Liz regrets referring to herself in the third person in this paragraph, but couldn t figure out another way to write it.) Thank you for your consideration. We look forward to working with you on this project! Sincerely, Elizabeth Law-Evans, Broker Law and Evans Associates, Inc.

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