F O R S A L E 6 0 ,7 8 8 S F O F F I C E B U I L D I N G

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B O U L D E R , C O

CBRE, Inc. and Dean Callan & Company, Inc., as the exclusive representatives of the Owner, are pleased to offer for sale 2300 55th Street, a 60,788 SF office building, (the “Property”), located in Flatiron Park in Boulder, Colorado. The Property has high visibility and premium access, with frontage on 55th Street. Flatiron Business Park is a desirable location in Boulder with many high-tech, consulting, research and communication tenants, including Active Interest Media, Real ID, Sovrn, Penton Media and Markit Digital.

The two-story building has configured work stations for 275 employees. There is a learning center, and two conference rooms on each floor. A large break area on the main floor, 2 smaller break rooms on the second floor, and designated coffee stations provide coverage to the whole building. This fully ADA compliant, handicap accessible building has 2 elevators and 6 designated handicap parking spaces. This bike-friendly property has an indoor bike valet that can hold up to 20 bicycles. Eight sets of restrooms are located on both floors, two of the restrooms include shower facilities. There are 2 dock high loading docks with 12’ overhead doors at the rear of the building.

The Property boasts a large stone monument sign with 55th Street frontage. For pedestrian and bike traffic, Boulder Creek Trail borders the north and eastern sides of the business park with Pearl Street just to the north and Arapaho Road to the south. The Property has the additional benefit of being located on the RTD bus system with multiple routes located on 55th Street.

Downtown Boulder is a short 5-minute drive away with access to Pearl Street Mall, and University of Colorado Boulder. Boulder features a diverse mix of industries driving local, national and global economies. There is a high concentration of employment in several key industry clusters. Those include natural foods, outdoor industry, high-tech, bio-tech, clean-tech, and government. In addition, key industries that provide economic impact to Boulder include tourism and research.

THE OFFERING

2300 55TH STREET - BOULDER, COLORADO

LAND SIZE: 2.9 Acres (126,303 SF)SALE PRICE: $12,157,600 ($200/SF) BUILDING SIZE: 60,788 SF

29th Street Mall

Foothills Parkway

Boulder Municipal

Airport

UniversityOf Colorado

Pearl StreetMall

55th St

Arapahoe Avenue

FLATIRONPARK

CONNECTCREATEINNOVATE

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TABLE OF CONTENTS

PROPERTY INFORMATION 5

- PROPERTY SUMMARY 6

- FLOOR PLANS 8

MARKET OVERVIEW 10

- LOCATION OVERVIEW 11

- MARKET STATISTICS 15

- SALES COMPARABLES 17 55TH2 3 0 0S T R E E T

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PROPERTY INFORMATION

BUILDING DESCRIPTION

EXTERIORThe construction components include a steel and concrete frame with steel beams and steel decks. Exterior wall structure is brick.

DOOR & WINDOWSAll exterior doors are aluminum framed store front doors with full glass window panel inserts. All interior doors are solid core wood doors with stainless steel hardware. All exterior windows are tinted glass window panels.

ROOFEPDM ballasted rubber roof

CEILING HEIGHTS9’ 4” 1st floor, 8’ 6” 2nd floor14’ on the dock

INTERIOR FINISHESRestrooms: 8 sets of restrooms, 2 sets include shower facilities

Flooring: Concrete slab with 2x2 carpet square floor coverings

Wall: Painted sheetrock

Lighting: Automated lighting system including a mix of suspended indirect fluorescent fixtures, indirect perimeter cove lighting, and recessed incandescent fixtures

CONSTRUCTION DETAILS

PROPERTY SUMMARY

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PROPERTY ADDRESS:2300 55th Street - Boulder, CO 80301

SALE PRICE:$12,157,600 ($200/SF)

AVAILABLE:Fourth Quarter 2018

YEAR OF COMPLETION:Built in 1996

LAND AREA:2.9 Acre Site (126,303 SF)

BUILDING SIZE AND CONFIGURATION:The subject is 60, 788 SF - two story, suburban office building

ZONING:Light Industrial (LI)

PARKING:Handicap Spaces 6Regular Spaces 119Compact Spaces 62Total Spaces 187Bicycle Spaces 20

PROPERTY SUMMARY

BUILDING SYSTEMS DETAILS

ELEVATORS2 - Otis hydraulic lift passenger elevators

ELECTRICAL800A

EMERGENCY POWER1 - 350 Kva Cummin’s Generator2 - 125 KVA Liebert UPS’s

SECURITYAMAG card access system

FIRE AND LIFE SAFETYSprinkler system with notifier control panelData center has a preaction system

HVAC12 - Individual RTU’s3 - 20 Ton Liebert CRAC units (supplies cooling to the data center)

UTILITIESFiber: Century LinkWater: City of BoulderElectricity: XcelGas: Xcel

DOCK2 - Loading docks both at full dock height 1 - 12 ft overhead door - Fabulous Monument Signage

- Rare Ownership Opportunity- Elevator

- Dock High Loading- Sprinkler System- Wall Mounted Indoor Bike Rack

BUILDING FEATURES

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B O U L D E R , C O

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FLOOR PLAN- First Floor

- Work stations for 275 Employees

ENTRANCE

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CURRENT BUILDING CONFIGURATION

FLOOR PLAN- Second Floor

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MARKET OVERVIEW

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THE FLATIRON PARK NEIGHBORHOOD:

While there are over 40 buildings in Flatiron Park,

there are only 5 buildings with frontage onto 55th

Street, including 2300 55th. The Park is surrounded

by Boulder’s famous bike path running along

Boulder Creek that starts at Arapahoe and

Cherryvale and ends up just under 10 miles later

in Boulder Canyon. From 2300 55th Street, it is only

a 15 minute bike ride to downtown Boulder. The

Park features daily visits from numerous gourmet

food trucks plus OZO Coffee, Upslope Brewery

and the Deli also provide nice amenities within

walking distance. B-Cycle is planning on a location

within the Park in 2018 and the City of Boulder

is working on a revised comp plan that includes

new bus rapid transit along East Arapahoe as

well as considering zoning changes that would

provide for more housing options and mixed use

communities.

Boulder Creek Trail 55

th S

t

2300 55th Street

THE DELI

THE DELI

Property BoundariesBoulder Creek TrailFlatiron Park

B

ould

er Creek Trail

55th

St

Milne Way

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LOCATION OVERVIEW- Flatiron Park

FLATIRONPARK

CONNECTCREATEINNOVATE

LOCATION OVERVIEW- City of Boulder

The City of Boulder has 103,000 residents in addition to 29,000 University of Colorado students. Boulder offers an amenity-rich lifestyle including cultural opportunities, a vibrant nightlife, and year-round outdoor activities including hiking and biking trails, recreation open space, and quick access to world-renown ski resorts.

A place that businesses want to be.Boulder is recognized for: - Being the “Happiest City in America” according to National Geographic

- A top-ranked research university and robust research economy to support your business

- A collaborative business environment that will help your company prosper

- An innovative community where entrepreneurs thrive

- A wide range of companies, from startups to Fortune 300, in diverse industries including; aerospace,bioscience, cleantech, IT/software, natural products and outdoor recreation

- A quality of life that helps businesses attract and retain top talent

- Research firm Compass, named the city as a runner-up on its list of the top global startup ecosystems. The report scored the city based on factors such as funding, market reach, and the rate of exit growth

- Inc. Magazine has named Boulder “America’s Startup Capital” and “America’s Startup City”

- Boulder’s metro area population consistently ranks highest in the U.S. for educational attainment by the US Bureau of Labor Statistics

- Boulder was ranked #1 in the U.S. for workforce education levels in the poll of “Best Places for Business”

WHY BOULDER?

University of Colorado

2300 55th StreetPearlStreetMall

29thStreetMall

Voted “#1 Most Educated Metro Area”

Finalist for “Best Town Ever” contest

Named “Happiest & Healthiest City”

AREA EMPLOYERS

Eldora Ski Resort

21 Miles

FlatironsGolf

Course

Boulder Municipal

Airport

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LOCATION OVERVIEW- Boulder

Boulder’s Business Environment:Between the highly educated workforce, the technology infrastructure and quality of life, Boulder is home to several corporate campuses as well as one of the countries’ top research universities’, The University of Colorado. In addition, there are several of the most well respected government research institutions that reside in Boulder including NIST, NOAA, UCAR and NCAR.

Boulder’s diverse industries include not only government, but Information Technology, Outdoor Industry, Natural Food Industry, Aerospace, Cleantech, Life Science, and Craft Brewery. It is this diverse educated workforce combined with the development constrained market that results in limited new development and historically low vacancy rates.

Boulder Municipal AirportLocated just northwest of Flatirons Park, Boulder Municipal Airport is a general aviation airport that provides business, private, recreational and emergency services to the City of Boulder.

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LOCATION OVERVIEW- Boulder

- The recently completed RTD Flatiron Flyer rapid transit bus service offers convenient travel options along US 36 between Boulder and Denver.

To Downtown Denvervia US 36 and I-25 25 Miles

To Denver InternationalAirport via E-470 42 Miles

To Downtown Longmontvia CO 119 14 Miles

Longmont

DENVER

Westminster

Thornton

Broomfield

DenverInternational

Airport

INTERSTATE

25

1 MILE

3 MILES

5 MILES

Boulder

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AREA DRIVE TIMES

PUBLIC TRANSPORTATION

LARGE CORPORATIONS CLOSE TO BOULDER

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D E M O G R A P H I C S :2017 Estimated Population

1 Mile 4,3663 Miles 79,5135 Miles 136,406

2017 Average Household Income

1 Mile $124,5383 Miles $81,4615 Miles $102,939

2017 Estimated Households

1 Mile 1,6113 Miles 33,5155 Miles 56,666

- ESRI 2017

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Boulder Historic Class Vacancy

5

10

15

20

25

Vacancy (%)

0Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017

Class A Class B Class C

2%

4%

6%

8%

10%

12%

14%

16%

YTD 20172016201520142012 2013

Metro Denver Boulder Downtown Boulder

Direct Vacancy Comparison

Source: CBRE Research, Q3 2017

550K0K 50K 100K 150K 200K 250K 300K 350K 400K 450K 500K

3Q 2017

2Q 2017

1Q 2017

4Q 2016

3Q 2016

Quarter Year

Size Range (SF) <2.5K 2.5K - 5K 5K - 10K 10K - 25K 25K - 50K >50K SF

38 10 11 5 2 1

54 29 7 8 2 3

44

35

36

19 11 7 1

2425

18 6 2 1 1

Leasing Activity (# of New Deals)

MARKET STATISTICS

Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017

Total NRA 6,046,383 6,027,906 6,014,358 5,968,914 5,968,914

Under Construction SF 108,234 108,234 378,434 378,434 378,434

Direct Vacant % 9.3 7.1 6.7 7.5 7.6

Direct Available % 13.3 10.1 9.2 9.9 9.2

Net Absorption SF 1,660 132,776 25,660 (52,588) (3,657)

Direct Asking Lease Rate ($) 29.64 29.64 31.41 30.60 31.00

Activity SF 94,683 258,978 168,019 120,406 156,255

Economic Performance- Y-O-Y Average Job Growth: 9,200 / 5.2% (May 2017)- 2016 Net In-Migration (est): 3,500- Boulder MSA Unemployment Rate: 2.1% (May 2017)- Rankings: • #4 Fittest US City (Fitbit 2017) • #1 Best Cities for Small Business Owners (ValuePenguin 2017) • #1 Brain-Concentrated Metro Area (Bloomberg 2016) • #1 The Best Cities for Entrepreneurs (Livability 2016)

Overall Boulder Tech TenantsTotal Square Feet 5,968,914Tech Footprint 1,469,417% of Inventory 25%

Top Tech Tenants

Company SF Occupied

IBM Corporation 260,000

Google 200,000

Qualcomm 159,915

Markit on Demand, Inc. 96,267

Zayo Group 85,000

Solidfire Inc. 82,893

Rally Software 65,545

Real D 64,562

FreeWave 45,000

LogRhythm Inc. 39,787

MARKET STATISTICS

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Source: CBRE Research, Q3 2017

SALES COMPARABLES- 2300 55th Street, Boulder

6

1

2

34

5

Property 1900 15th Street 3333 Walnut Street 4865 Sterling Drive 5395 Pearl Parkway 5775 Flatiron Parkway Flatiron Business Park (21 Building Portfolio)

Comparable # Date Sold May 2017 June 2015 Under Contract January 2017 November 16 May 2017

Size 33,945 SF 154,624 SF 29,630 SF 60,017 SF 95,869 SF 711,010 SF

Price $13,442,220 $53,200,000 $5,422,290 $12,125,000 $23,050,000 $150,000,000

Price/SF $396 $344 $183 $202 $240 $211

Year Built 1994 1999 1985 1994 1987 1962 - 1998

Year Renovated 2011 2015 - 2011 2016 2016

1 2 3 4 5 6

B O U L D E R , C O L O R A D O

Pete Kelly, CCIMpete.kelly@cbre.com

+1 970 372 3846

Becky Callan Gamblebgamble@deancallan.com

+1 303 449 1420 ext. 12

www.cbre .us/co lo rado

F O R M O R E I N F O R M AT I O N P L E A S E C O N TACT:

© 2017 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You 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. 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. Created_November 2017