36
18455 W COLFAX AVE GOLDEN, CO OFFERING MEMORANDUM GATEWAY VILLAGE RETAIL ISAAC | BOWLBY
18455 W COLFAX AVEGOLDEN, CO
OFFERING MEMORANDUM
GATEWAY VILLAGERETAIL
I S A A C | B O W L B Y
CONFIDENTIALITY & DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap. All rights reserved.
NON-ENDORSEMENT NOTICEMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
SPECIAL COVID-19 NOTICEAll potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.)
NON-ENDORSEMENT & DISCLAIMER NOTICE
C O N T A C T S
RYAN BOWLBYFirst Vice President Investments
DREW ISAACSenior Vice President Investments
KAITLIN O’MALLEYDirector of Operations
KENDALL KLINEMarketing Coordinator
NIKKI BRITAMarketing Coordinator
I S A A C | B O W L B Y
T-Rex Lot156 Parking Spots
G A T E W A YV I L L A G E retail
TABLE OF CONTENTS
1INVESTMENT OVERVIEW
7PROPERTY & LOCATION
OVERVIEW
15FINANCIAL ANALYSIS
21RECENT SALES SURVEY
25DEMOGRAPHICS
123-Room Full-Service Hotel
Est. Opened Aug 2018
Wooly Mammoth Lot918 Parking Spots
HIGH TRAFFICLOCATION
95,368CARS PER DAY
COLFAX AVE & INTERSTATE-70
INVESTMENT OVERVIEW
1
G A T E W A Y V I L L A G E
INVESTMENT HIGHLIGHTS
Gateway Village and surrounding development including the 1,191 carpool parking spaces, RTD Park and Ride, Kum and Go, Harley Davidson, Origin Hotel, and planned apartments function as a meeting and gathering place for the millions who annually use I-70 to access the Rocky Mountains.
BRAND NEW, ATTRACTIVE CONSTRUCTIONWITH 20 YEAR ROOF WARRANTYThe property was built in 2019 and features two outdoor patios and one drive-thru currently used by Launch Colorado (Coffee).
GATEWAY TO THE ROCKIES
ALL TENANTS HAVE ANNUAL RENTAL INCREASESThe annual rental increases result in the total base rent increasing by 10% over the next five years.
LONG TERM LEASES IN PLACE WITH STAGGEREDLEASE EXPIRATIONSThe property was leased in stages with both 5 and 10 year leases, resulting in an average of 5.6 Years remaining on all leases with varying
HISTORICALLY LOW FINANCING AVAILABLE
OPTIMAL TENANT MIX TO SERVE CARPOOLERS, RED ROCKS CONCERT GOERS, AND LOCAL GOLDEN RESIDENTS
LOCATED AT THE INTERCHANGE OF INTERSTATE-70 & US HIGHWAY 40
G A T E W A Y V I L L A G E2
INVESTMENT OVERVIEW
Red Rocks Amphitheater is located just south of the subject property, 10 miles west of Denver. With the ability to seat up to 9,525 people, Red Rocks Amphitheater is a popular concert venue in Colorado, hosting more than 100 concerts per year. Additionally, Red Rocks is a popular destination for tourists, those looking to work out on the steps or surrounding trails, and for various other events throughout the year. Overall, Red Rocks sees more than 1.3 million visitors per year. In 2015, Red Rocks Amphitheater was named a National Historic Landmark. The amphitheater and surrounding park encompasses 738 acres. The park includes various carpool parking lots for concert-goers as well as a variety of hiking trails. Red Rocks Amphitheater has become a popular site for runners and those looking for a challenging workout at 6,400 feet. Additionally, the park offers two bike trails.
RED ROCKS AMPHITHEATER IS ONE OF COLORADO’S TOP TOURIST DESTINATIONS
LIMITED RETAIL COMPETITION WITH CAPTIVE CONSUMERSThis is the only retail offerings within several miles and serves as the last stop for those traveling to the mountains as well as Red Rocks Amphitheatre. In addition, the 123 room Origin Hotel and planned apartment community create captive consumers for the retail tenants.
I N V E S T M E N T O V E R V I E W 3
G A T E W A Y V I L L A G E4
OFFERING TERMS
Price $6,350,000
Capitalization Rate 6.30%
Terms Cash, Cash to New Loan
FINANCIAL TERMS CURRENT
Total Income $642,792
Total Expenses $242,516
Net Operating Income $400,276
Annual Debt Service $236,464
Cash Flow $163,812
Cash/Cash Return 7.37%
NEW FINANCING TERMS
Loan-to-Value 65%
Interest Rate 4.0%
Amortization 30 Years
OFFERING SUMMARY
I N V E S T M E N T O V E R V I E W 5
ALL TENANTS HAVEANNUAL RENTAL
INCREASESROOF WARRANTY
UNTIL 2038
7
PROPERTY &LOCATION OVERVIEW
G A T E W A Y V I L L A G E
GATEWAY VILLAGE
Property Address 18455 W Colfax Ave
Total Square Footage 15,323 SF
Total Occupancy 100%
Year Built 2019
Roof(s) TPO-ST6RA
Roof Warranty Until 2038
Total Parking Spaces 101
Parking Ratio (Space Per 1,000 SF) 6.59
PROPERTY DETAILS
6.95%Projected Population Growth
2019-2024 3-Mile Radius
$134,942Average Household Income
1-Mile Radius
8 G A T E W A Y V I L L A G E
S U B M A R K E T A E R I A L
DINASOURDINASOURRIDGERIDGE
CHERRYCHERRYGULCHGULCH
RETREAT ATRETREAT ATSOLTERRASOLTERRA
G A T E W A YV I L L A G E retail
ROAD TOROAD TORED ROCKSRED ROCKS
140,379 VPD140,379 VPD
Wooly Mammoth Lot918 Parking Spots
T-Rex Lot156 Parking Spots
Stegosaurus Lot117 Parking Spots
CITY OF GOLDEN, COCITY OF GOLDEN, CO
COLORADO MILLSCOLORADO MILLSMALLMALL
(1,411,627 SF)(1,411,627 SF)
LAKEWOOD, COLAKEWOOD, COPOP. 156,798POP. 156,798
BEAR CREEKBEAR CREEKGOLF CLUBGOLF CLUB
FOX HOLLOWFOX HOLLOWGOLF COURSEGOLF COURSE
P R O P E R T Y & L O C A T I O N O V E R V I E W 9
SITE PLAN
Laun
ch C
olor
ado
1,94
6 SF
Salo
n Si
su1,
659
SF
Ove
r Yon
der B
rew
ing
4,07
0 SF
On the Rocks Liquor 5,061 SF
Vice Kitchen2,587 SF
18455 W. Colfax (Bldg A)
18445 W. Colfax (Bldg B)D
RIVE
TH
RU L
AN
E
10
SELF STORAGESELF STORAGEBUILDING UNDER BUILDING UNDER CONSTRUCTIONCONSTRUCTION
(614 UNITS)(614 UNITS)
P R O P E R T Y & L O C A T I O N O V E R V I E W 11
GOLDENCOLORADO
Golden, Colorado is located at the foot of the Rocky Mountains, just 15 miles west of downtown Denver. Golden was founded on June 16, 1859 during the Pike’s Peak Gold Rush. In 1873, Adolph Coors took advantage of the mountain spring waters of Clear Creek and opened a brewery in an old tannery building. The Coors plant in Golden is currently the largest single brewery facility in the world and is still an integral part of Golden’s business landscape. Golden maintains 253 acres of park and has 402 acres of open space. Today, Golden has a population of more than 20,000 people and is home to The Colorado School of Mines.
The Denver-Aurora-Lakewood metro is at the center of Colorado’s Front Range, nestled at the convergence of the Great Plains and the majestic Rocky Mountains. The market consists of 10 counties: Broomfield, Arapahoe, Denver, Adams, Douglas, Jefferson, Clear Creek, Elbert, Gilpin and Park counties. Denver, which is both a county and a city, is the largest of each, with approximately 700,000 residents. Denver also houses the state capitol. The eastern and northern reaches of the metro are expected to receive the majority of future development, as land in these areas is relatively flat and more affordable. Denver’s elevation of 5,280 feet above sea level provides it with the nickname “Mile-High City.”
HIGHLIGHTS• Affluent commuter town to Denver (Located 15 miles from Downtown Denver)
• Population of approximately 20,696 as of 2016
• Median household income of $60,806
• Average home price nearly $510,983
• Excellent ground transportation options: highways, bus, and light rail service
• Served by Denver International Airport and Rocky Mountain Metropolitan Airport
12 G A T E W A Y V I L L A G E
DENVERMETRO
The Denver metropolitan area has put a strong emphasis on the expansion and revitalization of itself as a major metropolitan area. Redevelopment of landmark buildings and historic districts, along with modern light rail transportation within the city and surrounding areas, has attracted major business, retail anchors, and higher-end residential developers as the region becomes more well-connected. As Denver’s population growth and consumer spending outpace national levels, investors and retailers target Denver and its attractive business climate for future opportunities. Robust employment growth, particularly among degreed positions in the healthcare and IT industries, lured many new inhabitants to the Mile High City. The influx of residents obtaining high-wage jobs helped push the median household income over $75,000, encouraging a 4.8% boost in retail sales. This jump follows a 2.8% increase in 2016.
Along with the metro’s strong employment base, household formation hovering above national levels supports the area’s healthy demographic trends. Last year, Denver welcomed more than 22,000 new households, a 37% increase compared to the previous five-year average. Household growth should expand by a similar clip in 2019 as the metro’s eastern sections continue to grow at an accelerated pace. Growth in these parts may soon benefit from the planned construction of an aerotropolis just south of Denver International Airport.
HIGHLIGHTS• Denver’s Residental Population is One of the Fastest Growing in the United States
• One of the Lowest Unemployment Rates in the Country at 2.3% (UnitedStates Un-
employment of 4.1%)
• Forbes Ranked Denver #4 Best Places for Businesses and Careers in 2017
• Business Insider Ranked Denver #3 Best Places to Live in 2018
• Denver Has a Median Household Income of $71,000 Per Year, Which is Roughly
$5,000 Greater than the National Median Income
P R O P E R T Y & L O C A T I O N O V E R V I E W 13
100% OCCUPANCY
7.4%CASH/CASH RETURN
15
FINANCIALANALYSIS
G A T E W A Y V I L L A G E
TENANT LEASE SCHEDULE
TENANT NAME AREA SF
LEASE TERM
RENT ANNUAL
RENT MONTHLY
RENT SF
RENT ESCALATIONS
CAMANNUAL
CAMSF
Launch Colorado 1,946 01/01/2019 01/31/2026 $54,002 $4,500 $27.75
01/01/2021 01/01/2022 01/01/2023 01/01/2024 01/01/2025
-----
$29.00 $29.75 $30.25 $30.75 $31.25
$30,797 $15.83
Over Yonder Brewing 4,070 02/01/2019 01/31/2029 $130,240 $10,853 $32.00
02/01/2021 02/01/2022 02/01/2023 02/01/2024 02/01/2025 02/01/2026 02/01/2027 02/01/2028
--------
$32.50 $33.00 $33.50 $34.00 $34.50 $35.00 $35.50 $36.00
$64,416 $15.83
Vice (1) 2,587 10/01/2018 12/31/2023 $80,197 $6,683 $31.00
10/01/2020 10/01/2021 10/01/2022 10/01/2023
----
$31.00 $31.50 $32.00 $32.50
$40,944 $15.83
Liquor Store 5,061 03/01/2020 06/29/2025 $96,159 $8,013 $19.00
05/01/2022 05/01/2023 05/01/2024 05/01/2025 05/01/2026 05/01/2027 05/01/2028 05/01/2029 05/01/2030
---------
$19.57 $20.15 $20.76 $21.38 $22.02 $22.68 $23.36 $24.06 $24.79
$80,101 $15.83
Salon 1,659 03/01/2020 07/31/2025 $36,498 $3,042 $22.00
08/01/2022 09/01/2023 10/01/2024
- - -
$22.66 $23.34 $24.04
$26,258 $15.83
Leased 15,323 100.00% $397,095 $33,091 $25.91 $242,516 $15.83
Vacant 0 0.00% $0 $0 $0.00 $0 $0.00
Total 15,323 100.00% $397,095 $33,091 $25.91 $242,516 $15.83
(1) Vice’s rent increases 10/01/2020 to $31.00/SF, this increase has been included in the above tenant lease schedule.
16 G A T E W A Y V I L L A G E
INCOME & EXPENSECurrent
AnnualizedScheduled Leased Income $397,095 Escalations (1) $3,181 Vacancy (0%) $0 Net Leased Income $400,276 NNN Reimbursements $242,516 NNN Vacancy $0 Total Reimbursements $242,516
Total Income $642,792
Expenses Administration $60 Exterior R and M $599 Fire Life and Safety $2,310 HVAC $3,500 Landscaping- Exterior $8,000 Management Fees $25,617 Miscellaneous R and M $101 Pest Control $741 Roof Repairs $1,050 Snow Removal $23,858 Sweeping $2,782 Telephone Service $2,880 Trash/ Recycling Removal $4,089 Utilities - Gas and Electric $899 Utilities - Water and Drainag $16,834 Insurance $12,697 RE Taxes $136,499 Total Expenses $242,516 Expenses Per SF $15.83
Net Operating Income $400,276
(1) Escalations during analysis period October 1, 2020 - September 30, 2021
F I N A N C I A L A N A L Y S I S 17
Launch Colorado is for those who enjoy hiking, cycling, ski-ing, concerts, and other colorado adventures to meet and enjoy high-quality espresso, food, and spirits.
Use The Premises shall be used and occupied for the preparation and sale of specialty tea and coffee drinks, and coffee beans, smoothies, quick service
gourmet food and the incidental sale of wine, beer, and spirits.
Exclusive Use Preparation and sale of specialty tea or coffee or selling whole or pre-
ground coffee beans.
Signature/Guarantor Personal Guarantee
Over Yonder Brewing is a dog-friendly brewery that pro-vides high-quality, unique, and rotating craft beer lineup.
Local liquor store offering a variety of Beer, Wine & Spirits.
Use The Premises shall be used and occupied for the operation of a liquor
store, and for no other purpose.
Exclusive Use None
Signature/Guarantor Personal Guarantee
Percentage Rent In addition to Base Rent, Tenant shall pay 3% of Gross Sales in excess of
$166,667.00
Use The Premises shall be used and occupied for the operation of a
brewery, and for no other purpose.
Exclusive Use None
Signature/Guarantor Personal Guarantee
Vice is Mountain Region themed restaurant featuring un-qiue smoked meats including Buffalo and Elk. They also serve crafted cocktails and hand selected beer brewed locally in Colorado.
Use The Premises shall be used and occupied for the operation of a
restaurant, and for no other purpose.
Exclusive Use Selling smoked meats and wild game such as but not limited to Buffalo, Elk,
flat breads, charcuterie and cheese boards.
Signature/Guarantor Personal Guarantee
Salon Sisu strives to specialize in everything from the most basic trim, to gentle highlights, to cutting edge
Use The Premises shall be used and occupied for the operation of a hair
salon along with minor retail services ancillary thereto including the sale
of beauty products, hair accessories, scarves, jewelry, bath salts, and other
small gift items, and for no other purpose.
Exclusive Use Hair salon
Signature/Guarantor Personal Guarantee
ON THE ROCKSLIQUOR
18 G A T E W A Y V I L L A G E
T E N A N T O V E R V I E W S 19
6.36%AVERAGE CAP
RATE
$510PER SQUARE FOOT
SUMMARY OF RECENT SALES
21
RECENT SALES SURVEY
G A T E W A Y V I L L A G E
RECENT SALES SURVEY
2
Sales Price $5,025,000
Price/SF $418
Cap Rate 6.63%
Total GLA 12,022 SF
Occupancy 100%
Year Built 2006
Closing Date September 2019
Major Tenants Brueggers Bagels, Jimmy John’s, At The Beach, Floyd’s Barbershop
U N I O N W A L K180 South Union BoulevardDenver, CO
Sales Price $3,404,765
Price/SF $411
Cap Rate 6.30%
Total GLA 8,291 SF
Occupancy 100%
Year Built 2014
Closing Date September 2019
Major TenantsAlfalfa’s (NAP), Elements Massage, Salon Nove, Fantastic Sams, Papa
Murphy’s
VILLAGE SQUARE SHOPPING CENTER765 E South Boulder Rd - Bui lding BLouisvi l le , CO
1 3
Sales Price $4,725,000
Price/SF $580
Cap Rate 6.26%
Total GLA 8,152 SF
Occupancy 100%
Year Built 2018
Closing Date June 2019
Major Tenants Fuzzy’s Taco Shop, Urgent Care
P R O M E N A D E A T C A S T L E R O C K5700 New Abbey LnCastle Rock, CO
22 G A T E W A Y V I L L A G E
RECENT SALES SURVEY
5
Sales Price $8,900,000
Price/SF $546
Cap Rate 6.40%
Total GLA 16,310 SF
Occupancy 100%
Year Built 2016
Closing Date September 2017
Major TenantsSmashburger, FedEx Office, GameStop,
Jersey Mike’s Subs, Costa Vida, Mod Pizza, Floyd’s 99, European Wax Center
V I L L A G E A T F O R E S T T R A C E23870-23890 E Smoky Hi l l RdAurora, CO
Sales Price $4,425,000
Price/SF $544
Cap Rate 6.34%
Total GLA 8,131 SF
Occupancy 100%
Year Built 2014
Closing Date March 2018
Major TenantsZiggi’s Coffee, Papa John’s, My
Neighbors Hair Salon, Nail Salon, Subway, Liquor
BELLE CREEK CORNER SHOPS10401 Bel le Creek BlvdCommerce City, CO
4 6
Sales Price $9,869,645
Price/SF $539
Cap Rate 6.20%
Total GLA 18,299 SF
Occupancy 100%
Year Built 2017
Closing Date June 2017
Major TenantsAnytime Fitness, Costa Vida, Jimmy
John’s, Mod Pizza, AT&T, Nails, Eat Fit Go, Waxing the City
N O R T H F I E L D C O M M O N S9135-9165 E Northfield BlvdDenver, CO
R E C E N T S A L E S S U R V E Y 23
94,158POPULATION
(5-MILE RADIUS)
$111,656AVERAGE HOUSEHOLD INCOME
(5-MILE RADIUS)
25
DEMOGRAPHICS
G A T E W A Y V I L L A G E
38,345Daytime Population
$446,700Median Property Value
(5.45% Growth)
$82,120Median Household Income
(4.9% Growth)
DEMOGRAPHICS
G A T E W A YV I L L A G E
$118,510Average Household Income
(3-Mile Radius)
26 G A T E W A Y V I L L A G E
DEMOGRAPHICS
% WHITE POPULATION 91.02% 89.34% 89.34%
% BLACK POPULATION 0.42% 1.53% 1.28%
% ASIAN 3.14% 3.92% 3.44%
% AMERICAN INDIAN, ESKIMO, ALEUT 0.45% 0.74% 0.81%
% HAWAIIAN OR PACIFIC ISLANDER 0.07% 0.04% 0.11%
% MULTI-RACE 2.90% 2.53% 2.73%
% HISPANIC 8.22% 9.91% 10.34%
% OTHER POPULATION 2.00% 1.90% 2.29%
% MALE POPULATION 50.20% 54.63% 51.67%
% FEMALE POPULATION 49.80% 45.37% 48.33%
P O P U L A T I O N B Y R A C E 1 M I LE 3 M I LES 5 M I LES
$200,000 OR MORE 18.34% 13.28% 10.89%
$150,000 - $199,999 12.58% 10.35% 9.48%
$100,000 - $149,999 17.56% 17.73% 17.94%
$75,000 - $99,999 13.37% 12.37% 14.26%
$50,000 - $74,999 11.94% 15.54% 16.16%
$35,000 - $49,999 7.35% 10.56% 11.52%
$25,000 - $34,999 4.08% 5.73% 6.37%
$15,000 - $24,999 5.08% 5.73% 6.37%
$10,000 - $14,999 4.36% 2.79% 2.62%
UNDER $9,999 5.34% 5.13% 4.34%
2019 Average HH Income $134,942 $118,510 $111,656
2019 Median HH Income $97,040 $82,120 $79,290
2019 Per Capita Income $62,852 $47,368 $47,592
H O U S E H O L D S B Y I N C O M E 1 M I LE 3 M I LES 5 M I LES
H O U S E H O L D S 1 M I LE 3 M I LES 5 M I LES
2024 PROJECTION 89 11,335 41,975
2019 ESTIMATE 82 10,573 39,729
GROWTH 2019 - 2024 7.78% 7.21% 5.65%
2000 CENSUS 75 9,002 35,132
2010 CENSUS 73 9,403 36,017
GROWTH 2000 - 2010 -1.95% 4.45% 2.52%
P O P U L A T I O N
2024 PROJECTION 191 28,816 99,067
2019 ESTIMATE 177 26,970 94,158
GROWTH 2019 - 2024 8.15% 6.85% 5.21%
2000 CENSUS 138 22,894 85,579
2010 CENSUS 159 23,957 85,266
GROWTH 2000 - 2010 15.20% 4.64% -0.37%
1 M I LE 3 M I LES 5 M I LES
27D E M O G R A P H I C S
BD24-6-16. BROKERAGE DISCLOSURE TO BUYER Page 1 of 2
The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (BD24-6-16) (Mandatory 1-17)
DIFFERENT BROKERAGE RELATIONSHIPS ARE AVAILABLE WHICH INCLUDE SELLER AGENCY, BUYER AGENCY OR TRANSACTION-BROKERAGE.
BROKERAGE DISCLOSURE TO BUYER DEFINITIONS OF WORKING RELATIONSHIPS
Seller’s Agent: A seller’s agent works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the seller. The seller’s agent must disclose to potential buyers all adverse material facts actually known by the seller’s agent about the property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller.
Buyer’s Agent: A buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the buyer. The buyer’s agent must disclose to potential sellers all adverse material facts actually known by the buyer’s agent, including the buyer’s financial ability to perform the terms of the transaction and, if a residential property, whether the buyer intends to occupy the property. A separate written buyer agency agreement is required which sets forth the duties and obligations of the broker and the buyer.
Transaction-Broker: A transaction-broker assists the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the parties with any contracts, including the closing of the transaction, without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care in the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction-broker concerning a property or a buyer’s financial ability to perform the terms of a transaction and, if a residential property, whether the buyer intends to occupy the property. No written agreement is required.
Customer: A customer is a party to a real estate transaction with whom the broker has no brokerage relationship because such party has not engaged or employed the broker, either as the party’s agent or as the party’s transaction-broker.
RELATIONSHIP BETWEEN BROKER AND BUYER
Broker and Buyer referenced below have NOT entered into a buyer agency agreement. The working relationship specified below is for a specific property described as:
or real estate which substantially meets the following requirements:
. Buyer understands that Buyer shall not be liable for Broker’s acts or omissions that have not been approved, directed, or ratified by Buyer.
CHECK ONE BOX ONLY:
Multiple-Person Firm. Broker, referenced below, is designated by Brokerage Firm to serve as Broker. If more than one individual is so designated, then references in this document to Broker shall include all persons so designated, including substitute or additional brokers. The brokerage relationship exists only with Broker and does not extend to the employing broker, Brokerage Firm or to any other brokers employed or engaged by Brokerage Firm who are not so designated.
One-Person Firm. If Broker is a real estate brokerage firm with only one licensed natural person, then any references to Broker or Brokerage Firm mean both the licensed natural person and brokerage firm who shall serve as Broker.
4832 Ronald Reagan Boulevard, Johnstown, CO
DocuSign Envelope ID: F3767130-71E2-4ECF-9FD1-810FE7636466
18455 W Colfax Ave, Golden, CO
BD24-6-16. BROKERAGE DISCLOSURE TO BUYER Page 2 of 2
CHECK ONE BOX ONLY:
Customer. Broker is the seller’s agent and Buyer is a customer. Broker, as seller’s agent, intends to perform the following list of tasks: Show a property Prepare and Convey written offers, counteroffers and agreements to amend or extend the contract. Broker is not the agent of Buyer.
Customer for Broker’s Listings – Transaction-Brokerage for Other Properties. When Broker is the seller’s agent, Buyer is a customer. When Broker is not the seller’s agent, Broker is a transaction-broker assisting in the transaction. Broker is not the agent of Buyer.
Transaction-Brokerage Only. Broker is a transaction-broker assisting in the transaction. Broker is not the agent of Buyer.
Buyer consents to Broker’s disclosure of Buyer’s confidential information to the supervising broker or designee for the purpose of proper supervision, provided such supervising broker or designee shall not further disclose such information without consent of Buyer, or use such information to the detriment of Buyer. DISCLOSURE OF SETTLEMENT SERVICE COSTS. Buyer acknowledges that costs, quality, and extent of service vary between different settlement service providers (e.g., attorneys, lenders, inspectors and title companies). THIS IS NOT A CONTRACT. IT IS BROKER’S DISCLOSURE OF BROKER’S WORKING RELATIONSHIP. If this is a residential transaction, the following provision shall apply:
MEGAN’S LAW. If the presence of a registered sex offender is a matter of concern to Buyer, Buyer understands that Buyer must contact local law enforcement officials regarding obtaining such information. BUYER ACKNOWLEDGMENT:
Buyer acknowledges receipt of this document on .
Buyer Buyer
BROKER ACKNOWLEDGMENT:
On , Broker provided (Buyer) with
this document via and retained a copy for Broker’s records.
Brokerage Firm’s Name:
Broker
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✔ ✔
Offering MemorandumMarcus & Millichap
DocuSign Envelope ID: F3767130-71E2-4ECF-9FD1-810FE7636466
18455 W COLFAX AVEGOLDEN, CO
OFFERING MEMORANDUM
GATEWAY VILLAGERETAIL
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