FRISCO CENTRE - Blue West Capital...(lobby, windows, tenant improvements, electrical upgrades,...

1

FRISCO CENTRE

409 & 411 E. MAIN ST, FRISCO, CO 80443

Confidential Offering Memorandum

2

Executive Summary

FRISCO CENTRE

PRICE

38,668 SF

$198.36

$536,623

1982-2013

94.1%

12 SPACES

LEASABLE SF

PRICE PSF

NOI

YEAR BUILT

OCCUPANCY

OFF-STREET PARKING

CAP RATE$7,570,000 7.09%

409 & 411 E. MAIN STREET, FRISCO, CO 80443

• Class A construction with a diversified retail & office tenant mix for long term diversification

• Current ownership has invested over $1,700,000 in capital improvements (lobby, windows, tenant improvements, electrical upgrades, signage, facade etc.)

• High barriers to new construction supply due to mountain topography

• Located within the historic shopping district of Main Street Frisco featuring unique shops and boutiques

• Summit County’s insulated retail and office market boasts a vacancy rate of 1.6%

• Seven of the current tenants have been at the Frisco Center for over 6+ years

• Positioned in the epicenter of Colorado ski country – Copper Mountain (7 miles), Breckenridge (11 miles), Keystone (14 miles), Arapahoe Basin (16 miles), Loveland (16 miles) and Vail (26 miles)

• 2019-2024 projected population growth within a 3 mile radius of 7.5% (CoStar 2019)

• Summit County & the Vail Valley see over 1,000,000 Summer visitors and 1,000,000 Winter visitors each year

• Summit County and Vail Ski Resorts see over 4,700,000 ski specific visitors each year

3

The Offering Blue West Capital is pleased to present the sale of the Frisco Centre, a 38,668 SF multi-tenant retail and office property located in the booming ski town of Frisco, Colorado. The centre features storefront retail as well as numerous office suites with tenured tenants on staggered leases.

The Subject Property The Frisco Centre is located at 409 & 411 E. Main Street in one of Summit County’s most highly trafficked local and tourist destinations. Stre-tegically located on Main Street, the Frisco Centre provides easy access to I-70, Highway 9, and is a 45 minute drive from seven surrounding ski resorts.

Frisco, CO Located about 70 miles west of Denver, the town of Frisco sits just south of Interstate 70. This historic town caters to residents and visitors who want to take advantage of year-round outdoor activites and world-class skiing. Frisco’s amenities include parks, schools, playgrounds, libraries, marina, Nordic Skiing Center, health-care facilities and shopping, are all within easy access, often by foot. The city has a thriving business environment due the location’s easy Interstate access, steady tourist influx, well-educated and motivated workers, a first-class infrastructure and a growing residential base.

INVESTMENT CONTACTS:

Tom Ethington - LeadManaging Partner

Investment Sales

720.966.1624

[email protected]

Robert EdwardsManaging Partner

Investment Sales

720.966.1630

[email protected]

Zach WrightDirector

Net Lease Investment Sales

720.966.1628

[email protected]

Brandon GayeskiAssociate Advisor

Invest

720.966.1627

[email protected]

Investment Overview

4

409 E MAIN STREET

4th & Main Hotel

E Main Street

411 E MAIN STREET

THE FRISCO CENTRE

5

409 E MAIN STREET

Frisco Workforce Center

Frisco Liquors Inc

4th & Main Hotel

E Main Street

5th Avenue4t

h Av

enue

THE FRISCO CENTRE

411 E MAIN STREET

6

Aerial

W Main St

E Main St

Su

mm

it Blvd

6

28,0

00

VP

D

Frisco’s Main StreetFrisco’s Main Street features unique shops and boutiques, offering boutique and friendly shopping options and great bars and restaurants. Main Street Frisco is the preferred destination for Summit County locals and visitors, it is the gateway to Dillon Reservoir, access to Breckenridge and Frisco Bay Marina. Frisco is the Base Camp of the Rockies. Historic Main Street and Summit Blvd are access points to the hospital and the world renowned Steadman Clinic.

45,0

00

VP

D

17,900 VPD

7

Submarket Overview

Bread + Salt

5th Avenue Grille

Butterhorn Bakery

Coldwell Banker

Colisco Wearables

Rivers Clothing Company

Snowshoe

Foote’s Rest Sweet Shoppe

Silverheels Bar & Grill

Frisco Escape Room

Stork & Bear Co

Ollie’s Pub & Grub

US Bank

Abbey’s Coffee

HighSide Brewery

Bagali’s

Rainbow Court

Frisco Lodge

Prosit

Greco’s Pastaria

Hotel Frisco Colorado

Vinny’s Restaurant

The Uptown On Main

Rebel Sports

Rocky Mountain Coffee

Moose Jaw

Lost Cajun

Cedar Lodge

Frisco Prime

Whole Foods

WalMart

SafeWay

Natural Grocers

RETAILERS IN CLOSE PROXIMITY:

8

Income & Expense

CURRENT

Price $7,570,000

Capitalization Rate 7.09%

Price Per Square Foot $195.77

Total Leased (SF) 94.1% 36,382 SF

Total Vacant (SF) 5.9% 2,286 SF

Total Rentable Area (SF) 38,668 SF

INCOME PER SQUARE FOOT

Scheduled Rent $20.31 $785,284

Expense Reimbursement $0.11 $4,213

Antenna Income $0.56 $21,600

EFFECTIVE GROSS INCOME $811.097

EXPENSES

CAM ($128,350)

Insurance ($15,044)

Property Taxes ($98,636)

Management Fee ($32,444)

TOTAL OPERATING EXPENSES ($274,474)

NET OPERATING INCOME $536,623

9

10-Year Cash FlowYear Ending As-Is As-Is PSF Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11

Jul-2020 Jul-2021 Jul-2022 Jul-2023 Jul-2024 Jul-2025 Jul-2026 Jul-2027 Jul-2028 Jul-2029 Jul-2030

SCHEDULED BASE RENTAL REVENUE

$785,284 $20.31 $794,961 $829,718 $860,898 $887,918 $867,763 $872,048 $906,268 $915,893 $915,583 $944,845 $978,554

Expense Reimbursement Revenue

$4,213 $0.11 $4,213 $3,388 $715 $121 $0 $0 $0 $0 $0 $0 $0

Antenna Income $21,600 $0.56 $21,600 $21,600 $21,600 $21,600 $21,600 $21,600 $21,600 $21,600 $21,600 $21,600 $21,600

POTENTIAL GROSS REVENUE $811,097 $20.98 $820,774 $854,706 $883,213 $909,639 $889,363 $893,648 $927,868 $937,493 $937,183 $966,445 $1,000,154

General Vacancy $0 $0.00 $0 ($5,229) ($25,162) ($36,350) ($579) $0 ($14,355) ($8,951) $0 ($5,210) ($22,715)

EFFECTIVE GROSS REVENUE $811,097 $20.98 $820,774 $849,477 $858,051 $873,289 $888,784 $893,648 $913,513 $928,542 $937,183 $961,235 $977,439

Building R&M ($18,050) ($0.47) ($18,050) ($18,411) ($18,779) ($19,155) ($19,538) ($19,929) ($20,327) ($20,734) ($21,148) ($21,571) ($22,003)

Elevator R&M ($3,250) ($0.08) ($3,250) ($3,315) ($3,381) ($3,449) ($3,518) ($3,588) ($3,660) ($3,733) ($3,808) ($3,884) ($3,962)

Fire, Life Safety & Security ($4,590) ($0.12) ($4,590) ($4,682) ($4,775) ($4,871) ($4,968) ($5,068) ($5,169) ($5,272) ($5,378) ($5,485) ($5,595)

HVAC R&M ($7,420) ($0.19) ($7,420) ($7,568) ($7,720) ($7,874) ($8,032) ($8,192) ($8,356) ($8,523) ($8,694) ($8,868) ($9,045)

Supplies R&M ($3,600) ($0.09) ($3,600) ($3,672) ($3,745) ($3,820) ($3,897) ($3,975) ($4,054) ($4,135) ($4,218) ($4,302) ($4,388)

Cleaning & Trash ($29,000) ($0.75) ($29,000) ($29,580) ($30,172) ($30,775) ($31,391) ($32,018) ($32,659) ($33,312) ($33,978) ($34,658) ($35,351)

Parking & Snow Removal ($9,900) ($0.26) ($9,900) ($10,098) ($10,300) ($10,506) ($10,716) ($10,930) ($11,149) ($11,372) ($11,599) ($11,831) ($12,068)

Utilities ($52,540) ($1.36) ($52,540) ($53,591) ($54,663) ($55,756) ($56,871) ($58,008) ($59,169) ($60,352) ($61,559) ($62,790) ($64,046)

Property Management ($32,444) ($0.84) ($32,831) ($33,979) ($34,322) ($34,932) ($35,551) ($35,746) ($36,541) ($37,142) ($37,487) ($38,449) ($39,098)

Insurance ($15,044) ($0.39) ($15,044) ($15,345) ($15,652) ($15,965) ($16,284) ($16,610) ($16,942) ($17,281) ($17,626) ($17,979) ($18,339)

Property Taxes ($98,636) ($2.55) ($98,636) ($100,609) ($102,621) ($104,673) ($106,767) ($108,902) ($111,080) ($113,302) ($115,568) ($117,879) ($120,237)

TOTAL OPERATING EXPENSES ($274,474) ($7.10) ($274,861) ($280,850) ($286,130) ($291,776) ($297,533) ($302,966) ($309,106) ($315,158) ($321,063) ($327,696) ($334,132)

NET OPERATING INCOME $536,623 $13.88 $545,913 $568,627 $571,921 $581,513 $591,251 $590,682 $604,407 $613,384 $616,120 $633,539 $643,307

* Proforma gross income includes two LOI’s currently being negotiated for an architectural firm for 1,913 SF and existing expansion tenant for 306 SF.* Property taxes are shown as 2019 re-assessed value due in 2020.

10

10-Year Cash FlowYEAR ENDING As-Is As-Is PSF Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11

Mar-2020 Mar-2021 Mar-2022 Mar-2023 Mar-2024 Mar-2025 Mar-2026 Mar-2027 Mar-2028 Mar-2029 Mar-2030

NET OPERATING INCOME $536,623 $13.88 $545,913 $568,627 $571,921 $581,513 $591,251 $590,682 $604,407 $613,384 $616,120 $633,539 $643,307

Cap Rate (based on Acquisition Price)

7.09% 7.21% 7.51% 7.56% 7.68% 7.81% 7.80% 7.98% 8.10% 8.14% 8.37%

Annual Debt Service ($371,729) ($371,729) ($371,729) ($371,729) ($371,729) ($329,278) ($329,278) ($329,278) ($329,278) ($329,278)

Tenant Improvements ($1,703) ($34,150) ($50,615) ($28,530) ($52,945) ($64,230) ($54,445) ($32,545) ($84,630) ($51,680)

Leasing Commissions ($3,988) ($20,641) ($22,950) ($11,580) ($30,329) ($32,262) ($28,865) ($18,726) ($47,967) ($28,030)

Capital Reserves ($5,800) ($5,916) ($6,035) ($6,155) ($6,278) ($6,404) ($6,532) ($6,663) ($6,796) ($6,932)

Total Leasing & Capital Costs ($11,491) ($60,707) ($79,600) ($46,265) ($89,552) ($102,896) ($89,842) ($57,934) ($139,393) ($86,642)

NET RETURNS 10-Year Totals/Averages

Cash Flow After Cap Ex & Debt $1,647,998 Total $162,693 $136,191 $120,592 $163,519 $129,970 $158,508 $185,287 $226,172 $147,449 $217,619

Cash On Cash 7.26% Average 7.16% 6.00% 5.31% 7.20% 5.72% 6.98% 8.16% 9.96% 6.49% 9.58%

Principal Reduction $1,141,166 Total $109,260 $114,850 $120,726 $126,903 $133,396 $96,783 $101,735 $106,940 $112,411 $118,162

Total Return $2,789,164 Total $271,954 $251,041 $241,318 $290,422 $263,365 $255,291 $287,021 $333,111 $259,860 $335,781

Total Return (percentage) 12.28% Average 11.98% 11.05% 10.63% 12.79% 11.60% 11.24% 12.64% 14.67% 11.44% 14.79%

ACQUISITION Leveraged IRR 5 Year: 14.15% Leveraged IRR 10 Year: 12.84%

Acquisition Price: $7,570,000 $195.77 psf Cash-on-Cash 5 Year Average: 6.28% Cash-on-Cash 10 Year Average: 7.26%

Loan Amount: $5,299,000 70.0% LTV Total Return 5 Year Average: 11.61% Total Return 10 Year Average: 12.28%

Initial Equity: $2,271,000 30.0%

Interest Rate/Amortization: 5.00% 25 Years

Monthly/Annual Amortization Payments: $30,977 $371,729 RESIDUAL VALUE: 5TH YEAR RESIDUAL VALUE: 10TH YEAR

Cap 6th Year's NOI @ 7.00% $8,438,314 Cap 11th Year's NOI @ 7.00% $9,190,100

Interest Rate/Yrs Remaining (Yrs 6-10): 5.00% 25 Years Residual Value PSF $218.22 psf Residual Value PSF $237.67 psf

Monthly/Annual Am Payments (Yrs 6-10): $27,440 $329,278 Less Selling Expense @ 3.50% ($295,341) Less Selling Expense @ 3.50% ($321,654)

Ending Loan Balance: ($4,693,864) Ending Loan Balance: ($4,157,834)

Net Residual In Year 5: $3,449,109 Net Residual In Year 10: $4,710,613

Property Square Feet: 38,668 SF Initial Equity: ($2,271,000) Initial Equity: ($2,271,000)

Disposition Proceeds: $1,178,109 Disposition Proceeds: $2,439,613

11

Site Plan

411 E. Main StreetFrisco, CO

409 E. Main StreetFrisco, CO

12

12'-0"9'-10"

5'-0"

9'-7"

7'-9"

21'-0"

31'-5"

19'-9"

50'-3"

39'-5"

Up

Arvada, Colorado

(303)425-7099

FRISCO MALL409 Main Street

FLOOR PLAN AS-BUILT – BASEMENT LEVELapprox. 13,798 gross sq. ft.

SIZE DATE DWG NO REV08/22/12

revised 12/20/18 A-1

SCALE 1/8" = 1'-0" SHEET 1 OF 3

Arvada, Colorado

(303)425-7099





SCALE 1/8" = 1'-0" SHEET 1 OF 3

All dimensions shown are approximate; field measured while occupied with employees, furniture and inventory. Any exact dimension required must be field verified.

NN

B12

Up

BASEMENT LEVEL

shelving

STORAGE

xx

HWHW

Up

BOILER ROOM

com

m. b

rd.

comm. brd.

floor dra in

septic main fire sprinkler control valve

concrete 3'-2"8'-11"

7'-10"

14'-2"

4'-8"37'-0"

19'-2"

ct rubber dance floor

carpet

19'-6"

8'-3" 41'-5"

39'-3"

B1017'-10"

8'-6"

10'-3"

wor

k co

unte

r

variety of ceramic tile

6'-5"10'-10"

ELEVATOREQUIP.

14'-11"

tile

tile

slate

concrete

roofdra in

7'-7"

3'-2" 11'-0"

4'-0"

7'-5"13'-6"6'-2"6'-2"

6'-6"

13'-4"

B11

carpet

wood dance floorUp

24'-0"50'-3"

38'-5"

25'-6"

14'-5"

2x4 acoustical ceiling grid system mtd. @ 7'-11" aff w/ 2x4 fluorescent

troffers

B94'-0"

34'-0"

carpet

13'-2"

22'-4"

22'-5"

17'-9"

counter

24'-8"

7'-2"

23'-6"36'-5"

10'-10" 19'-7"10'-6"

10'-8"

wood

carpet

slate

B7

B5

B3

B1

shelves

3'-4"

7'-9"

4'-5"

pl.lam.

2x4 acoustical ceiling grid system mtd. @ 8'-1" aff w/ 2x4 fluorescent troffers

2x4 acoustical ceiling grid system mtd. @ 8'-1" aff w/

2x4 fluorescent troffers

7'-0"

HWHW

B2A B2B B2C

B2D

B2EB2F

svslate

carpet

concrete carpet painted concrete

carpet

15'-1" 12'-8" 21'-9"

9'-6"11'-6"

20'-7" 9'-9" 18'-7"

25'-2"

5'-3"

10'-11"16'-1"

13'-2"

17'-1"

70'-4"

32'-2"



troffers

123'-0"

124'-0"

38'-9"

20'-3"

20'-0"

5'-5"

13'-3" 22'-0" 30'-0"

124'-0"

9'-3"

16'-0"

ep

pl.lam.

ELLI

OT

& S

ON

SEL

LIO

T &

SO

NS

NOTE: ONLY Suites B5, B7 & B9 revised on 12/20/18

carpetelevated dance floor w/ concrete below

19'-6"

24'-3"


troffers

8'-7"

14'-10"

Floor Plan - 409 E. Main St. - Lower Level

4'-10"

20'-10"

7'-4"

bar/service counter

28'-7"

4'-6"

60'-9"

3'-10"

4'-1"

5'-4"

5'-9"

5'-4"

5'-7"

14'-7"

6'-7"

8'-0"

5'-11"

8'-7"

11'-0"

8'-1"

11'-3"

3'-8"

16'-0"

4'-4"

79'-7"

91'-0"

19'-10"

8'-6"

22'-5"

53'-7"

18'-5"

UpD

own

Arvada, Colorado

(303)425-7099

FRISCO CENTRE409 Main Street

FLOOR PLAN AS-BUILT – MAIN LEVELapprox. 14,200 gross sq. ft.



SCALE 1/8" = 1'-0" SHEET 2 OF 3

Arvada, Colorado

(303)425-7099





SCALE 1/8" = 1'-0" SHEET 2 OF 3


NN

electrical room

carpet

concrete

ct

ctslate

108

110

slate

2x4 a.c. grid mtd @ 9'-4" aff w/ 2x4 fluorescent troffers

(not all tiles installed)

105

107

51'-0"

41'-9"

13'-5"

slate

100

hardboard ceiling mtd. @ 10'-0" aff w/

recessed downlights

hard

boar

d ce

iling

mtd

. @

8'-1

" aff

w/ r

eces

sed

down

light

s

slate

carpet

carpet

36'-2"

17'-5"

UpD

own

102

21'-6"

8'-7"

16'-10"

10'-10"

4'-4"

mop sink

4'-0"

12'-5"

10'-10"10'-9"

104

28'-9"

slate

carpet

slate

carpet

101

32'-0"

57'-0"

12'-0" 20'-0"

Note: elevation change within premises & small restroom

MAIN LEVEL

9'-9"

6'-6"

5'-8"

123'-0"

124'-0"

COVERED PATIO

MALL ENTRANCE

22'-9"

20'-9"

20'-0"

5'-4"

13'-3" 22'-0" 30'-0"

124'-0"

16'-0"

ELLI

OT

& S

ON

SEL

LIO

T &

SO

NS

NOTE: ONLY Suites 102, 104, 105, 107, 108, 110 and common area restrooms revised on 12/20/18

Suite 104Storage

7'-4"

workcounter

15'-7"5'-10"

carpet20'-4"

pl.lam.

19'-7"

pl. lam.

9'-10"

17'-9"pl. lam.

carpet

carpet

12'-6"

10'-5"

10'-4"

3'-0"

carpet

6'-7"pl.lam.

pl. lam.

slight ramp up

2x4 a.c. grid mtd. @ 9'-4" aff w/ track lighting

2x4 a.c. grid mtd. @ 9'-4" aff w/ 2x4

fluorescent troffers


7'-6

" af

f pa

rtitio

ns(fi

tting

room

s)

comp. roomworkcounter

hrdbrd @ 9'-4" aff w/ 1x4 surface mtd.

troffers

6'-2"

7'-9"

tin ceiling mtd. @ 9'-8" aff w/ spotlights

U PU P

UPUP

slight ramp down

hood

ep8x8

cooler

elevated mop sink

8'-5"

12'-6"

17'-7"

12'-0"

fs

fs

12' x 8' overhead door

pl. lam.

ct

2x4 a.c. vinyl clad mtd. @ 9'-5" aff w/ 2x4


ep

ep

10'-11"

16'-8"

pl.lam.

cntr

15'-9"

w/d

hoo

k-up

s

5'

10'-7" 4'-0"

10'-0"

13'-6"

6'-3"2x4 a.c. grid mtd. @ 9'-4" aff w/ 2x4 fluorescent troffers

concrete

13

12'-0"9'-10"

5'-0"

9'-7"

7'-9"

21'-0"

31'-5"

19'-9"

50'-3"

39'-5"

Up

Arvada, Colorado

(303)425-7099





SCALE 1/8" = 1'-0" SHEET 1 OF 3

Arvada, Colorado

(303)425-7099





SCALE 1/8" = 1'-0" SHEET 1 OF 3


NN

B12

Up

BASEMENT LEVEL

shelving

STORAGE

xx

HWHW

Up

BOILER ROOM

com

m. b

rd.

comm. brd.

floor dra in

septic main fire sprinkler control valve

concrete 3'-2"8'-11"

7'-10"

14'-2"

4'-8"37'-0"

19'-2"

ct rubber dance floor

carpet

19'-6"

8'-3" 41'-5"

39'-3"

B1017'-10"

8'-6"

10'-3"

wor

k co

unte

r

variety of ceramic tile

6'-5"10'-10"

ELEVATOREQUIP.

14'-11"

tile

tile

slate

concrete

roofdra in

7'-7"

3'-2" 11'-0"

4'-0"

7'-5"13'-6"6'-2"6'-2"

6'-6"

13'-4"

B11

carpet

wood dance floorUp

24'-0"50'-3"

38'-5"

25'-6"

14'-5"


troffers

B94'-0"

34'-0"

carpet

13'-2"

22'-4"

22'-5"

17'-9"

counter

24'-8"

7'-2"

23'-6"36'-5"

10'-10" 19'-7"10'-6"

10'-8"

wood

carpet

slate

B7

B5

B3

B1

shelves

3'-4"

7'-9"

4'-5"

pl.lam.


2x4 acoustical ceiling grid system mtd. @ 8'-1" aff w/

2x4 fluorescent troffers

7'-0"

HWHW

B2A B2B B2C

B2D

B2EB2F

svslate

carpet

concrete carpet painted concrete

carpet

15'-1" 12'-8" 21'-9"

9'-6"11'-6"

20'-7" 9'-9" 18'-7"

25'-2"

5'-3"

10'-11"16'-1"

13'-2"

17'-1"

70'-4"

32'-2"



troffers

123'-0"

124'-0"

38'-9"

20'-3"

20'-0"

5'-5"

13'-3" 22'-0" 30'-0"

124'-0"

9'-3"

16'-0"

ep

pl.lam.

ELLI

OT

& S

ON

SEL

LIO

T &

SO

NS

NOTE: ONLY Suites B5, B7 & B9 revised on 12/20/18

carpetelevated dance floor w/ concrete below

19'-6"

24'-3"


troffers

8'-7"

14'-10"

4'-10"

20'-10"

7'-4"

bar/service counter

28'-7"

4'-6"

60'-9"

3'-10"

4'-1"

5'-4"

5'-9"

5'-4"

5'-7"

14'-7"

6'-7"

8'-0"

5'-11"

8'-7"

11'-0"

8'-1"

11'-3"

3'-8"

16'-0"

4'-4"

79'-7"

91'-0"

19'-10"

8'-6"

22'-5"

53'-7"

18'-5"

UpD

own

Arvada, Colorado

(303)425-7099





SCALE 1/8" = 1'-0" SHEET 2 OF 3

Arvada, Colorado

(303)425-7099





SCALE 1/8" = 1'-0" SHEET 2 OF 3


NN

electrical room

carpet

concrete

ct

ctslate

108

110

slate

2x4 a.c. grid mtd @ 9'-4" aff w/ 2x4 fluorescent troffers

(not all tiles installed)

105

107

51'-0"

41'-9"

13'-5"

slate

100

hardboard ceiling mtd. @ 10'-0" aff w/

recessed downlights

hard

boar

d ce

iling

mtd

. @

8'-1

" aff

w/ r

eces

sed

down

light

s

slate

carpet

carpet

36'-2"

17'-5"Up

Dow

n

102

21'-6"

8'-7"

16'-10"

10'-10"

4'-4"

mop sink

4'-0"

12'-5"

10'-10"10'-9"

104

28'-9"

slate

carpet

slate

carpet

101

32'-0"

57'-0"

12'-0" 20'-0"

Note: elevation change within premises & small restroom

MAIN LEVEL

9'-9"

6'-6"

5'-8"

123'-0"

124'-0"

COVERED PATIO

MALL ENTRANCE

22'-9"

20'-9"

20'-0"

5'-4"

13'-3" 22'-0" 30'-0"

124'-0"

16'-0"

ELLI

OT

& S

ON

SEL

LIO

T &

SO

NS

NOTE: ONLY Suites 102, 104, 105, 107, 108, 110 and common area restrooms revised on 12/20/18

Suite 104Storage

7'-4"

workcounter

15'-7"5'-10"

carpet20'-4"

pl.lam.

19'-7"

pl. lam.

9'-10"

17'-9"pl. lam.

carpet

carpet

12'-6"

10'-5"

10'-4"

3'-0"

carpet

6'-7"pl.lam.

pl. lam.

slight ramp up


2x4 a.c. grid mtd. @ 9'-4" aff w/ 2x4



7'-6

" af

f pa

rtitio

ns(fi

tting

room

s)

comp. roomworkcounter

hrdbrd @ 9'-4" aff w/ 1x4 surface mtd.

troffers

6'-2"

7'-9"

tin ceiling mtd. @ 9'-8" aff w/ spotlights

U PU P

UPUP

slight ramp down

hood

ep8x8

cooler

elevated mop sink

8'-5"

12'-6"

17'-7"

12'-0"

fs

fs

12' x 8' overhead door

pl. lam.

ct

2x4 a.c. vinyl clad mtd. @ 9'-5" aff w/ 2x4


ep

ep

10'-11"

16'-8"

pl.lam.

cntr

15'-9"w

/d h

ook-

ups

5'

10'-7" 4'-0"

10'-0"

13'-6"

6'-3"2x4 a.c. grid mtd. @ 9'-4" aff w/ 2x4 fluorescent troffers

concrete

Floor Plan - 409 E. Main St. - Main Level

14

12'-0"

16'-9"

12'-4"12'-9"

18'-6"

25'-0"

4'-0"4'-9"

10'-1"

22'-8"

66'-2"

20'-5"

42'-8"

28'-9"

50'-10"

5'-5"6'-3" 9'-7"

6'-10"

13'-6"

11'-3"19'-3"

11'-2"

11'-5"

8'-3"

Dow

n

Arvada, Colorado

(303)425-7099


FLOOR PLAN AS-BUILT – SECOND FLOORapprox. 15,204 gross sq. ft.



SCALE 1/8" = 1'-0" SHEET 3 OF 3

Arvada, Colorado

(303)425-7099





SCALE 1/8" = 1'-0" SHEET 3 OF 3

All dimensions shown are approximate; field measured while occupied with employees, furniture and inventory. Some wall thicknesses are assumed. Any exact dimension required must be field verified.

NN

209

Dow

n

12'-5"

10'-10"10'-10"

6'-8"

SECOND FLOOR

12'-0"

220

open to below

hose

bib

X

carpet

9'-3"9'-6"

20715'-9"

pl.lam.

2x4 acoustical ceiling grid mtd. @ 9'-2" aff w/ 2x4 fluorescent troffers & recessed downlights


201

50'-10"

81'-9"

37'-0"

56'-8"

carpet

3'-11"216carpet

9'-7" 9'-7" 9'-7" 7'-0"

shelves

7'-5"

wor

k co

unte

r

8'-3"

sv

carpet

4'

13'-9"7'-5"

19'-0"

11'-8"

x-ray wall

fscv

HVA

C du

ctwo

rk

202plastic laminate “wood”

plastic laminate “wood”

2x4 acoustical ceiling grid mtd. @ 9'-11" aff w/ 2x4 fluorescent

troffers & recessed downlights (vinyl clad tiles in kitchen area)

X

2x4 acoustical ceiling grid system mtd. @ 9'-2" aff w/ 2x4 & 2x2 fluorescent troffers w/ parabolic

lenses & specialty pendants

2x4 acoustical ceiling grid system mtd. @ 9'-2" aff w/ 2x4 fluorescent troffers & wall lights

pass

-thr

u

pass-thru

10'-4" aff to bottom of fire sprinklers; no finished ceiling, no finished floor

18'-9"

open to below

open to below

123'-0"

124'-0"

ELLI

OT

& S

ON

SEL

LIO

T &

SO

NS

204

bar c

ount

er

16'-6"

golf

gam

e sc

reen

gas f

irepl

ace

ice makersoda dispn.m

op

sink

metal partition 3'-8" aff

4'-5" 6'-8"

20'-7"

carpetpl. lam.

ct

bar counter

U PU PD ND N

bar

pl. lam.

ct

14'-10"

support beams above

ct

NOTE: ONLY Suites 202, 204, 207, 220 and common area restrooms revised on 12/20/18

hardboard ceiling mtd. @ 11'-2" aff w/ specialty pendant lighting

angled wood paneled ceiling finish

20'-11"

17'-11"

ep

clerestory windows (typ)

com

p.

clos

et

7'-2"12'-4"

10'-10"

16'-3" 8'-4"

8'-3"

5' a

ff pa

rtiti

on

7'-0"

ct

ct

ct

ep

15'-5"

10'-0"

Unit G

9'-1"

Unit F

9'-10"

12'-11"

epcomp. closet

3'-11" 3'-11"

Unit H

Unit A

12'-0"10'-0"

Unit B

12'-3"

5'-2"

Unit C Unit D

13'-6"

Unit E(not ava ilable

during site visit)11'-6"

7'-2"

exposed steel studs; no drywall

Floor Plan - 409 E. Main St. - Second Level

15

12'-0"

16'-9"

12'-4"12'-9"

18'-6"

25'-0"

4'-0"4'-9"

10'-1"

22'-8"

66'-2"

20'-5"

42'-8"

28'-9"

50'-10"

5'-5"6'-3" 9'-7"

6'-10"

13'-6"

11'-3"19'-3"

11'-2"

11'-5"

8'-3"

Dow

n

Arvada, Colorado

(303)425-7099





SCALE 1/8" = 1'-0" SHEET 3 OF 3

Arvada, Colorado

(303)425-7099





SCALE 1/8" = 1'-0" SHEET 3 OF 3

All dimensions shown are approximate; field measured while occupied with employees, furniture and inventory. Some wall thicknesses are assumed. Any exact dimension required must be field verified.

NN

209

Dow

n

12'-5"

10'-10"10'-10"

6'-8"

SECOND FLOOR

12'-0"

220

open to below

hose

bib

X

carpet

9'-3"9'-6"

20715'-9"

pl.lam.



201

50'-10"

81'-9"

37'-0"

56'-8"

carpet

3'-11"216carpet

9'-7" 9'-7" 9'-7" 7'-0"

shelves

7'-5"

wor

k co

unte

r

8'-3"

sv

carpet

4'

13'-9"7'-5"

19'-0"

11'-8"

x-ray wall

fscv

HVA

C du

ctwo

rk

202plastic laminate “wood”

plastic laminate “wood”

2x4 acoustical ceiling grid mtd. @ 9'-11" aff w/ 2x4 fluorescent

troffers & recessed downlights (vinyl clad tiles in kitchen area)

X

2x4 acoustical ceiling grid system mtd. @ 9'-2" aff w/ 2x4 & 2x2 fluorescent troffers w/ parabolic

lenses & specialty pendants

2x4 acoustical ceiling grid system mtd. @ 9'-2" aff w/ 2x4 fluorescent troffers & wall lights

pass

-thr

u

pass-thru

10'-4" aff to bottom of fire sprinklers; no finished ceiling, no finished floor

18'-9"

open to below

open to below

123'-0"

124'-0"

ELLI

OT

& S

ON

SEL

LIO

T &

SO

NS

204

bar c

ount

er

16'-6"

golf

gam

e sc

reen

gas f

irepl

ace

ice makersoda dispn.m

op

sink

metal partition 3'-8" aff

4'-5" 6'-8"

20'-7"

carpetpl. lam.

ct

bar counter

U PU PD ND N

bar

pl. lam.

ct

14'-10"

support beams above

ct

NOTE: ONLY Suites 202, 204, 207, 220 and common area restrooms revised on 12/20/18

hardboard ceiling mtd. @ 11'-2" aff w/ specialty pendant lighting

angled wood paneled ceiling finish

20'-11"

17'-11"

ep

clerestory windows (typ)

com

p.

clos

et

7'-2"12'-4"

10'-10"

16'-3" 8'-4"

8'-3"

5' a

ff pa

rtiti

on

7'-0"

ct

ct

ct

ep

15'-5"

10'-0"

Unit G

9'-1"

Unit F

9'-10"

12'-11"

epcomp. closet

3'-11" 3'-11"

Unit H

Unit A

12'-0"10'-0"

Unit B

12'-3"

5'-2"

Unit C Unit D

13'-6"

Unit E(not ava ilable

during site visit)11'-6"

7'-2"

exposed steel studs; no drywall

Down

34'-9"

17'-5"

18'-11"

62'-9"

38'-3"

60'-10"

Up Up

Dow

n

Dow

nD

own

retail below

Up

Up

Up

E&SArvada, Colorado

(303)425-7099


FLOOR PLAN AS-BUILTapprox. sq. ft.*

SIZE DATE DWG NO REV

08/22/12 A-1

SCALE 1/8" = 1'-0" *lease SHEET 1 OF 1

Elliot & Sons


N

50'-4"

63'-9"

49'-0"

50'-4"

44'-3"

61'-9"

16'-8" 7'-7" 7'-0" 7'-8"

7'-6" 7'-5"

restroom; fixtures covered by storage

15'-5"13'-10"

15'-0"

Unit C

painted concrete

stone pavers

carpet

Unit B

Unit A

7'-7"12'-9"

7'-7"

19'-0"

17'-7"

7'-0"

painted concrete

ct

approx. clerestory windows @ rear (field verify)st

orag

e un

der

stai

rs

23'-0"

MAIN LEVELSECOND LEVEL

31'-2"

7'-8"

19'-10"10'-1"

11'-9"4'

12'-9"

12'-8"

24'-6"

10'-5"

1 sq. ft.

Floor Plan - 411 E. Main St. - Main & Second Level

16

Anchor Tenant MixTHE NEXT PAGEThe Next Page Books & Nosh offers a great selection of books, person-alized and friendly service, knowledgeable staff, and a deep commit-ment to the local community. The adjacent cafe serves a variety of tea and coffee as well as homemade baked goods. https://www.nextpagebooks.com

THE FLYING CRANEThe Flying Crane Boutique is a women’s clothing retailer that has been a go-to destination in Summit County since 1998. The Boutique caters to all women, but specializes in comfort-based, contemorary clothing. The Flying Crane offers everything from dresses, jackets, and comfort-able shoes to fashionable accessories.http://www.theflyingcrane.com

NORRIS DESIGNEstablished in 1985, Norris Design’s strategic partnership in planning, landscape architecture and branding encompasses local, regional, national and international projects. http://www.norris-design.com

ALPINE DANCE ACADEMYAlpine Dance Academy offers Summit County quality instruction in Bal-let, Tap, Jazz, Modern, Pointe, Hip Hop, Musical Theatre Dance, Acting, Voice and Acrobaticshttp://www.alpinedanceacademy.com

OMNI REAL ESTATEOmni Real Estate is the largest independently-owned agency in Summit County, with over 20 years of mountain real estate experience, and one of the fastest growing companies in the area.http://www.omniresorts.com/frisco-omni

CORNFLOWER BOUTIQUE & GALLERYCornflower Boutique & Gallery offers a wonderful selection of women’s clothing, jewelry and gifts. The upstairs gallery showcases oil and wa-tercolor paintings, stained glass and other hand-made goods from local Colorado artists.http://www.cornflowerboutique.com

THE CLUBHOUSE TAQUERIAThe ClubHouse serves Southwestern fare, local craft beers and cock-tails in a modern, mountain-style atmosphere with a full size golf simu-lator, 12 flat-screen TVs and a pool table.http://clubhousefrisco.com

17

Summit County/Vail Valley Facts

Summer Visitors

Second Homes

Skier DaysWinter Visitors

Permanent Residents Avg. Household Income

1,000,000 1,000,000 4,700,000(Breckenridge, Vail, Beaver Creek, Keystone,

Copper Mountain & Arapahoe Basin)

30,000 66,400 $86,150

Sources: CDOT.org, Denverpost.com

18

Location Overview

FRISCO, COLORADO

WHY FRISCO?The town of Frisco’s commercial and residential growth remains unmatched by any community of its size in Colorado. Numerous restaurants, shops and hotels have opened in just the last few years. Hundreds of new residential units have been constructed, and property values have skyrocketed by nearly 100% since 1990.

Job opportunities are aplenty, especially in the thriving lodging, retail and restaurant communities. Opportunity beckons for any business operator who wants Interstate access, steady tourist influx, well-educated and motivated workers, a first-class in-frastructure and a growing residential base. In addition, Frisco offers comprehensive transportation (including the free Summit Stage bus system), as well as a multitude of recreational paths that connect you from Keystone all the way up to Vail.

Frisco is a quintessential Colorado mountain town, perched at 9,097 feet in elevation between soaring mountains and Lake Dillon, and just 90 minutes from Denver International Airport. The centralized location offers immediate access to I-70, numerous year-round activ-ities, a steady tourist influx and a growing residential base.

FRISCO IS LOCATED WITHIN A 7-40 MINUTE DRIVE OF 7 WORLD-CLASS SKI RESORTS :

7 MINUTES

15 MINUTES

20 MINUTES

20 MINUTES

25 MINUTES

30 MINUTES

40 MINUTES

19

LOCATION OVERVIEW

Direct Public & Private Flights to Eagle County Airport (1 Hour Drive) & a 1.5 Hour Drive from Denver International Airport

20

Frisco MSAFrisco MSA

Breckenridge15 Min.

Vail: 30 Min.

Dillon Marina

45,0

00

VP

D

17,900 VPD

21

Building Interior

22

Frisco MSABuilding Exterior

23

Disclaimer

This confidential Offering Memorandum has been prepared by Blue West Capital, LLC (“Blue West Capital”) foruse 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. Blue West Capital recommends you, as a potential buyer/investor, should perform your own independent examination and inspection of the property described herein as Frisco Centre (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 Blue West Capital or its brokers.

Blue West Capital makes no guarantee, warranty or representation about the completeness or accuracy of theinformation set forth in this Offering Memorandum. You are responsible to independently verify its accuracyand completeness. Blue West Capital has prepared the information concerning the Property based uponassumptions relating to the general economy, its knowledge of other similar properties in the market, and onother market assumptions including factors beyond the control of the Blue West Capital and the Owner of theProperty. Blue West Capital makes no representation or warranty as to either the accuracy or completeness ofthe information contained herein, and the information set forth in this Offering Memorandum is not intended tobe a promise or representation as to the future performance of the Property. Although the information con-tained herein is believed to be accurate, Blue West Capital and the Property Owner disclaim any responsibility or liability for any inaccuracies. Further, Blue West Capital and the Property Owner disclaim any and all liabilityfor any express or implied representations and warranties contained in, or for any omissions from, the OfferingMemorandum and for any other written or oral communication transmitted or made available to you. Blue WestCapital shall make available to you, as a qualified prospective investor, additional information concerning theProperty and an opportunity to inspect the Property upon written request.

This Offering Memorandum and the contents are intended to remain confidential except for such informationwhich 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 photo-copy or duplicate it, or distribute it. You agree you will not disclose this Offering Memorandum or its contents toany other person or entity, except to outside advisors retained by you and from whom you have obtained anagreement of confidentiality, without the prior written authorization of Blue West Capital. You agree that you willuse 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 Blue West Capital at your earliest convenience.

24

Tom EthingtonManaging PartnerInvestment Sales

[email protected]

Robert EdwardsManaging PartnerInvestment Sales

[email protected]

Zach WrightDirector

Net Lease Investment Sales720.966.1628

[email protected]

Brandon GayeskiAssociate AdvisorInvestment Sales

[email protected]

720.989.1031400 S Colorado Blvd, Suite 420,

Denver, CO 80246 BLUEWESTCAPITAL.COM

FRISCO CENTRE - Blue West Capital...(lobby, windows, tenant improvements, electrical upgrades,...

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