54TH AVE 53RD AVE FEDERAL BLVD
Table of Contents OFFERING SUMMARY 3 SITE OVERVIEW 4 SURROUNDING AREA HIGHLIGHTS 5 NEIGHBORHOODS 6 DEMOGRAPHICS 7 DENVER METRO OVERVIEW 8 2
Offering Summary Federal Transit Oriented Development (TOD) Assemblage 5317-5399 Federal Boulevard Denver, CO 80221 SITE DETAILS 5.31 Acres (231,260 SF) Five (5) Existing Structures OFFERING SUMMARY $8,406,053 ($36.35 / SF) Buyer Responsible for Demolition of Existing Structures INVESTMENT HIGHLIGHTS 5+ Acres with Federal Boulevard Frontage Full Block Extending from 53rd Street to 54th Street Developing Corridor: Arya Denver, Regis University, Federal Light Rail Stop, Cultivate Health Strong Surrounding Neighborhoods: Regis University, Chaffee Park, Berkeley and Sunnyside Strong Traffic Counts Less Than 1-Mile to New Light Rail Station 53 Walk Score 39 Transit Score 54 Bike Score FEDERAL BLVD Regis University 54TH AVE Federal Blvd 33,205 VPD 2012 Estimate Traffic Data Provided by MPSI 3
Site Survey 5399 Federal Blvd Parcel: 1825-17-2-08-021 0.46 Acres (20,038 SF) 5383 Federal Blvd Parcel: 1825-17-2-08-020 0.69 Acres (29,926 SF) 5377 Federal Blvd Parcel: 1825-17-2-08-035 0.89 Acres (38,768 SF) 5355 Federal Blvd Parcel: 1825-17-2-08-036 0.99 Acres (43,124 SF) 5341 Federal Blvd Parcel: 1825-17-2-08-037 0.99 Acres (42,950 SF) 5335 Federal Blvd Parcel: 1825-17-2-08-015 0.35 Acres (15,246 SF) 5317 Federal Blvd Parcel: 1825-17-2-08-044 0.31 Acres (13,634 SF) Federal Blvd Parcel: 1825-17-2-08-045 0.16 Acres (6,970 SF) Federal Blvd Parcel: 1825-17-2-08-046 0.47 Acres (20,604 SF) 4
Surrounding Area Highlights REGIS UNIVERSITY Regis University is a private, co-educational Roman Catholic, Jesuit University in Denver, Colorado. Founded in 1877, it is one of 28 member institutions of the Association of Jesuit Colleges and University. Regis University is divided into five colleges: Regis College, The Rueckert-Hartman College for Health Professions, the College for Professional Studies, the College of Computer and Information Sciences, and the College of Business and Economics. The estimated academic staff is 2,000 and the 2016 estimated student body is near 10,000. Rooted in more than 130 years of tradition, the Regis University s Northwest Denver Campus is the flagship location for the University. Regis University is situated on over 90 acres, the campus recently expanded to Federal Boulevard adding varsity athletic fields on the east side of the campus. Federal Light Rail Station Regis University FASTRACKS FasTracks is a multi-billion dollar voter-approved transit expansion program (the largest in the nation) to build 122 miles of new commuter tail and light rail, 18 miles of bus rapid transit, 21,000 new parking spaces at light rail and bus stations, and enhanced bus service for easy, convenient bus/rail connections across the eight-county district. The G Line (referred to as the Gold Line) will open soon. The G Line service will travel 11 miles between Union Station and Wheat Ridge, passing through northwest Denver, Adams County and Arvada. It will take 25 minutes to travel from Wheat Ridge to Union Station and trains will service the area every 15 minutes during peak hours and every 30 minutes during non-peak hours. The Clear Creek Federal Station is located immediately north of the property and will offer 280 parking spaces. Regis University Aria Denver Development Light Rail FEDERAL BLVD Federal Corridor is involved in the Urban Land Institutes (ULI) Healthy Corridors project. This corridor has formed a local leadership group, which includes experts in land use, real estate development, design, health, and community engagement. ULI Colorado and partners are working on a 2.5 mile segment of Federal Blvd near the Chaffee Park neighborhood. The eight lane corridor is dominated by strip land uses and the group is focused on community engagement and improving infrastructure. Chaffee Park 5
Neighborhoods REGIS UNIVERSITY NEIGHBORHOOD The Regis Neighborhood, bounded by 52nd, I-70, Federal and Tennyson, is anchored by Regis University on one end and Willis Case golf course on the other. Convenient access to I-70 is perfect for quick access to downtown or the mountains, and the popular Highlands and Berkeley neighborhoods, with great restaurants and shopping, are close by. Arvada G Line Light Rail CHAFFEE PARK NEIGHBORHOOD Resurgent Chaffee Park Neighborhood attracts many who want a home convenient to downtown and popular Highlands. Bounded by 38th and 50th Avenues, Inca and Tejon Streets, this area offers close proximity to I-25 and I-70. A mix of historic Latino and Italian influences give this neighborhood its distinctive character. Chaffee Park hosts the popular Sunnyside Music Festival featuring cutting-edge local talent. Regis Neighborhood Berkeley Neighborhood Chaffee Park Neighborhood Sunnyside Neighborhood Tennyson Street SUNNYSIDE NEIGHBORHOOD Resurgent Chaffee Park Neighborhood attracts many who want a home convenient to downtown and popular Highlands. Bounded by 38th and 50th Avenues, Inca and Tejon Streets, this area offers close proximity to I-25 and I-70. A mix of historic Latino and Italian influences give this neighborhood its distinctive character. Chaffee Park hosts the popular Sunnyside Music Festival featuring cutting-edge local talent. Wheat Ridge Highlands Square BERKELEY NEIGHBORHOOD The Berkeley Neighborhood, bounded by 38th Ave, I-70, Federal and Sheridan, is anchored by Tennyson Street, lined with some of Denver s most popular restaurants and galleries. Two dramatic parks with lakes provide lots of open space and greenery. Convenient access to I-70 makes for easy access to downtown or the mountains. Edgewater Downtown Denver Willis Case Golf Course 6
Demographics AVERAGE HOUSEHOLD INCOME $75,000 OR MORE $60,000 - $75,000 7
Denver Metro Overview DENVER At the heart of the Rocky Mountain region, Denver is a highly active center of economic, cultural, and entertainment activity. With downtown Denver, the I-70 industrial corridor, the nearby Denver Tech Center, surrounding business districts such as Cherry Creek, and a wealth of new mixed-use infill projects, Denver's diverse economy supports a growing population. BUSINESS CLIMATE Denver's diversity and abundant opportunities attract a skilled, highly-educated workforce. The city is the nation's top in-migration destination for the future workforce, those aged 25 to 34 years old. Complementing its workforce, Denver has made infrastructure investments in transportation, finance, and recreation. Denver International Airport (DEN) opened in 1995 and is the sixth-busiest airport in the nation. Union Station Denver has emerged as a hub of innovation and entrepreneurship. Ranked by VentureBeat as the third best American city for startups, Denver offers a strong downtown and unique, vibrant neighborhoods for firms to expand. A U.S. Patent and Trademark Office further strengthens Denver as a leading city for innovative business. With construction well underway on the $7.4 billion FasTracks mass transit expansion, Denver offers 41 light rail stations and major bus routes, presenting a strong variety of transit-oriented development sites for expanding firms. Signature sites include the redevelopment of Denver Union Station in Lower Downtown and the development of Airport City Denver at Denver International Airport, which offers 9,300 acres of develop able land to connect businesses to the world. DEMOGRAPHICS As a fast-growing region, Metro Denver is a dynamic location where companies can easily attract highly skilled workers and expand their operations. The Metro Denver region had a 1.6% population growth rate between 2010 and 2015 and is consistently ranked as one of the fastest-growing areas in the nation. The region is one of the top in the country for in-migration of Millennials, which will make up the future workforce. Moe impressive facts about Metro Denver and Colorado demographics: Colorado was the second-fastest growing state in 2015 (U.S. Census Bureau, 2016) Colorado is the nation's second-most highly educated state for residents (39.2%) with a bachelor's degree or higher (U.S. Census Bureau, 2016 In addition, Colorado has the nation's lowest obesity rate and is No. 1 for physical activity (Trust for America's Health, 2016; Kaiser State Health Facts, 2016) Colorado ranks No. 1 for labor supply (Forbes, 2016) Denver International Airport Downtown Denver 8
Denver Metro Overview AEROSPACE Colorado had the nation s second-largest aerospace economy (behind California) in 2016 with 25,500 workers. Companies in the nine-county region employed about 79% of these workers, ranking the region second in private-sector aerospace employment concentration out of the 50 largest metropolitan areas. The aerospace cluster is anchored by four military commands, eight major space contractors, National Aeronautics and Space Administration research activities, and top ranked aerospace programs. The region s companies and public agencies are leading the nation s major commercial, civil, and military space missions. AVIATION With 18,470 aviation workers, the region has the 14th-highest employment concentration out of the 50 largest metropolitan areas. The industry cluster includes companies that manufacture aircraft and provide air transportation services, with Denver International Airport (DEN) serving as the major economic engine for the region s aviation industry. DEN added several domestic and international airlines in 2016, providing service to more than 185 destinations worldwide. Further, three reliever airports and five general aviation airports are strategically located throughout the region to facilitate commerce and air travel needs. BEVERAGE PRODUCTION Companies in the beverage production cluster manufacture malt beverages, wines, distilled liquors, bottled drinks, and ice products. With 9,300 workers, the cluster ranked second among the 50 largest metropolitan areas for employment concentration. Beverage production is the region s second-fastest growing industry, rising 7.5% in 2016 and increasing 28.1% between 2011 and 2016. The region has a lengthy history in America s craft beer revolution and is often recognized as the Napa Valley of Beer. BIOSCIENCE The region s base of medical devices, diagnostics, biotechnology, and pharmaceuticals businesses employ nearly 15,870 workers at more than 670 companies. Between 2011 and 2016, the region s bioscience cluster rose 6.5% compared with 3.6% nationally. The $5.4 billion, 578- acre Fitzsimons campus is the keystone of the region s bioscience cluster, which includes the adjacent Anschutz Medical Campus and the Fitzsimons Innovation Campus. BROADCASTING & TELECOMMUNICATIONS With 42,400 broadcasting and telecommunications workers, the region has the fifth-highest employment concentration out of the 50 largest metropolitan areas. Existing companies are developing next generation products and all major technologies are represented including cellular, fixed wireless systems, and satellite. The region is an established, nationally recognized center for the cluster and is the largest region in the United States to offer one-bounce satellite uplinks due to its unique geographic location in the Mountain time zone. ENERGY The region is an energy powerhouse with fossil fuels and cleantech together employing 52,850 people at 3,230 companies. Further, the region ranks fourth for cleantech and sixth in fossil fuels employment concentration among the 50 largest metropolitan areas. The region has one of the highest per capita concentrations of federally funded science and research centers in the nation with 30 federal laboratories, including the U.S. Department of Energy s National Renewable Energy Laboratory. World-class universities support the growing energy industry, such as the Colorado School of Mines, which is the only university in the nation to offer baccalaureate through doctorate degrees in all key energy fields. FINANCIAL SERVICES The nine-county region is a global epicenter for financial services activities in three key market segments: banking and finance, investments, and insurance. The region is the largest financial center between Los Angeles and Chicago and is home to a growing financial services base of about 98,870 employees in more than 14,080 companies. Investments posted the strongest growth among the three subclusters in 2016, rising 6.6%. The industry is supported by various associations and service firms, universities and research institutions, and world-renowned financial services firms. HEALTHCARE & WELLNESS The region is the healthcare and wellness center of the Rocky Mountain West and has one of the most active and fit populations in the nation. In fact, the region has one of the lowest rates of adult obesity, a high rate of physical activity, and low rates of diabetes and heart disease. With an employment base of 214,430 workers in 19,760 companies, the healthcare and wellness cluster is the region s largest in terms of employment. The industry posted 5.4% employment growth in 2016, rising for its 13thconsecutive year. INFORMATION AND TECHNOLOGY / SOFTWARE The region s innovative ecosystem, growing startup businesses, and talented IT workforce create a premier hub for IT-software companies and industry activities. The region is a top location for young entrepreneurs and tech professionals, and ranks among the top regions that foster entrepreneurial growth. IT-software was the region s fastest growing cluster in 2016 (+9.4%) as a result of landmark company expansion and venture capital activity. The region employs 54,580 workers in 5,180 companies and had the eighth-highest employment concentration out of the 50 largest metropolitan areas. Fitzsimons Campus 9
54TH AVE 53RD AVE FEDERAL BLVD