Sage Creek Brochure white.indd

Transcription

Executive Summary
The Residences at Sage Creek is part of a beautiful 174 unit townhome community located at the SEC of 128th Ave. and Holly St. in Thornton,
CO. 134 of the 174 have been sold to individual homeowners. The remaining 40 units, built between 2008 and 2011, have been retained by
us as rental homes. Sage Creek is within the 160 acre Ash Grove master planned community. It is in a nice, safe, new area of Thornton with
good schools, trails, parks, employment, shopping and dining. The ten units sold in 2010 were at an average price of $164,500.00. and one
of the model homes is currently under contract of sale for $173,500.00.
The three different floorplans appeal to various lifestyles such as singles, families and single parents. Some of the homes have basic finishes,
while others are premium units with interior amenities such as tile flooring, granite countertops and fireplaces. They are all about 1,400 SF,
with relatively large, fenced rear yards with concrete patios. 70% of the units have 3 bedrooms and 2.5 baths while the remaining 30% are
2 bedroom, 2.5 baths units. Each home has 9’ ceilings on the main floor and vaulted ceilings in the master bedrooms. The 2 bedroom homes
have large, dual master suites, which people love. All master suites include double door entries, walk-in closets, and all of the baths have oversized soaking tubs complete with tile surrounds.
Common elements such as the community pool, tot lot, street lighting, street snow removal, and common area irrigation and landscaping are
maintained by the HOA. Each home is individually metered for water, gas and electric, and tenants pay their own utility bills.
The 128th Ave. & Holly St. area is evolving into an epicenter for employment and recreation. The community is directly across the street from the
recently approved Health One North Suburban Medical Center and assisted living facility. Just ¼ mile west of Sage Creek on 128th Avenue is
the new Walmart Supercenter at 128th Ave. and Quebec St. Shopping and dining opportunities are directly north of Sage Creek, and can be
safely accessed on foot or bike by a trail system with an underpass beneath 128th. Additionally, the City of Thornton has recently built a new
210 acre park and open space area which Sage Creek residents can access within a few minutes by using the same trail system.
The homes at Sage Creek rent quickly and easily at an average rent of $1,300 per month. Some of the homes have been held back from the
rental pool awaiting upgrade finishes to individual buyers. We intend to finish them with our normal standard interior finish package which is
well above the level offered by other builders in our price range.
All homes will delivered complete and ready for occupancy.
Sage Creek Townhomes by Suburban Homes, Inc. | 1790 Platte Street, Denver, CO 80202 | 303.920.8444
Contact Brad Rothman | [email protected] | www.suburbanhomesinc.net
Upscale Kitchens
Sage Creek 25’ x 50’ Pool
with Security Fence and Cabana
Spacious Dining
Area
Playground
Room to Entertain
Attached Storage
Optional Fireplaces
Major Shopping
Just ¼ mile East
of Sage Creek
Bright Living Space
Walk to Neighborhood Shopping
Site Plan
Convenient to
Downtown Denver and D.I.A.
Vicinity Map
0
0.25
LEGEND
0.5
Miles
Parcel Boundary
Aerial View
Aerial View
Market Rent Survey*
1
2
3
BROADSTONE AVENA
# of Units:
385
Sq. Feet:
920
Market Rent:
$1,087
Market Rent/SF:
$1.18
Rent Concessions: $86
$1,000
Effective Rent:
Effective Rent/SF: $1.09
AMLI AT WESTCLIFF
# of Units:
372
Sq. Feet:
1,001
Market Rent:
$1,087
Market Rent/SF:
$1.09
$1,087
Effective Rent:
LINKS AT LEGACY RIDGE
# of Units:
232
Sq. Feet:
924
Market Rent:
$1,014
Market Rent/SF:
$1.10
$958
Effective Rent:
4
5
6
ALEXAN ARISTA
# of Units:
358
Sq. Feet:
983
Market Rent:
$1,253
Market Rent/SF:
$1.27
$1,087
Effective Rent:
STONE MOUNTAIN
# of Units:
320
Sq. Feet:
884
Market Rent:
$988
Market Rent/SF:
$1.12
$988
Effective Rent:
LAMBERTSTON FARMS
# of Units:
436
Sq. Feet:
933
Market Rent:
$1,159
Market Rent/SF:
$1.24
$827
Effective Rent:
*All Occupancy and Rent data is from Real Data, Inc. 4Q 2008.
Market Rent Survey
Sage Creek Townhomes by Suburban
Homes,Park
Inc. | | 1790
Denver,
CO 80202 | 303.920.8444
HighPointe
15 Platte
| Street,
Market
Information
Pro-Forma Operating Statement
Sage Creek
Rent
Vacancy Loss
Income
Taxes
HOA Fee
Mgmt Fee
Reserve
Landlord Ins.
Sub-Total
N.O.I.
40
40 Units
P.U.P.M.
12
$624,000
43,680
$52,000
3,640
$1,300
91
580,320
48,360
1,209
40,800
56,640
18,720
19,200
16,800
3,400
4,720
1,560
1,600
1,400
85
118
39
40
35
152,160
12,680
317
Annual
$428,160
$35,680
$892
Pro-Forma Operating Statement
7.0%
3.0%
Site Location: Lat: 39.928504 Lon: -104.921918
Page A-1
Prepared By: City of Thornton
09/24/10
128TH AND HOLLY
SITE NAME:
TRADE AREA SIZE:
128TH AND
7 miles
VALUE
%
128TH AND
8 miles
VALUE
%
128TH AND
10 miles
VALUE
%
Population
Population (1990)
142,902
195,902
276,354
Population (2000)
208,324
275,499
376,082
Population (2010)
296,324
371,023
484,556
Population (2015)
340,754
417,193
541,820
Population (2020)
415,699
497,265
635,222
Population Family (2010)
258,034 87.1%
321,219 86.6%
414,024 85.4%
Population Group Quarters (2010)
1,062 0.4%
2,694
Pct. Population Growth ('90-'00)
44.59
39.76
35.47
42.24
34.67
28.82
0.7%
3,522 0.7%
14.99
12.44
11.82
Geographic Area Size
145.1195
186.5251
276.6112
Population Density (2010)
2,041.93
1,989.13
1,751.76
51,267
69,514
100,196
Households
Households (1990)
Households (2000)
74,579
97,422
134,851
Households (2010)
101,027
125,727
167,226
Households (2015)
112,996
137,832
182,900
Households (2020)
134,772
160,694
209,976
Households: Family (2010)
71,026 70.3%
88,255 70.2%
114,862 68.7%
Male (2010)
149,734 50.5%
188,042 50.7%
245,654 50.7%
Female (2010)
146,590 49.5%
182,981 49.3%
238,902 49.3%
243,754 82.3%
301,727 81.3%
391,119 80.7%
Gender (2010)
Race & Ethnicity (2010)
Race: White (2010)
Race: Black (2010)
3,833 1.3%
4,758
1.3%
6,466 1.3%
Race: Asian or Pacific Islander (2010)
10,952 3.7%
14,413
3.9%
20,205 4.2%
Race: Other Race (2010)
28,813 9.7%
38,567 10.4%
51,314 10.6%
Race: Two or More Races (2010)
Ethnicity: Hispanic (2010)
8,973 3.0%
89,279 30.1%
3.1%
15,452 3.2%
116,960 31.5%
11,558
152,169 31.4%
Age Distribution (2010)
Age 0-4 (2010)
25,723 8.7%
31,527
8.5%
39,851 8.2%
Age 5-9 (2010)
24,302 8.2%
30,031
8.1%
38,097 7.9%
Age 10-13 (2010)
17,764 6.0%
22,135
6.0%
28,368 5.9%
Age 14-17 (2010)
16,391 5.5%
20,625
5.6%
26,679 5.5%
Age 18-24 (2010)
24,423 8.2%
31,381
8.5%
42,932 8.9%
Age 25-34 (2010)
49,121 16.6%
60,094 16.2%
76,883 15.9%
Age 35-44 (2010)
47,234 15.9%
58,206 15.7%
73,897 15.3%
Age 45-54 (2010)
41,217 13.9%
51,811 14.0%
68,062 14.0%
Age 55-64 (2010)
27,455 9.3%
35,553
9.6%
48,134 9.9%
Age 65-74 (2010)
13,662 4.6%
17,942
4.8%
25,081 5.2%
Age 75-84 (2010)
6,542 2.2%
8,596
2.3%
12,200 2.5%
Age 85+ (2010)
2,425 0.8%
3,134
0.8%
4,410 0.9%
Source: AGS
Report Created with iSITE, Version: 2006.02.60.02
Page A-2
09/24/10
128TH AND HOLLY
SITE NAME:
TRADE AREA SIZE:
128TH AND
7 miles
VALUE
%
128TH AND
8 miles
VALUE
%
128TH AND
10 miles
VALUE
%
Median Age
Median Age (1990)
29.88
30.07
30.25
Median Age (2000)
31.48
31.66
31.74
Median Age (2010)
32.69
32.92
33.26
Median Age (2015)
34.14
34.39
34.71
Median Household Income (1990)
34,176
34,282
33,413
54,424
53,925
52,614
67,045
66,030
64,286
71,326
70,351
68,422
Median Income: Age < 25 (2010)
40,074
39,032
37,964
Median Income: Age 25-34 (2010)
62,713
61,613
60,177
73,875
73,023
71,712
82,485
81,886
80,480
72,337
71,888
70,883
51,384
50,216
49,177
Median Income: Age 75+ (2010)
38,329
36,831
35,704
Per Capita Income (1990)
13,216
13,233
13,229
21,771
21,416
21,297
25,662
25,365
25,506
26,895
26,654
26,866
Average Household Income (1990)
36,838
37,293
36,488
60,906
60,637
59,501
74,841
73,924
72,953
80,671
79,725
78,606
Median Disposable Income (2010)
54,390
53,684
52,469
Median Disposable Income (2015)
57,454
56,757
55,412
Median Household Income
Median Household Income by Age (2010)
Per Capita Income
Average Household Income
Median Disposable Income
Aggregate Income
Aggregate Income ($MM) (2010)
7,604
9,411
12,359
Aggregate Income ($MM) (2015)
9,165
11,120
14,557
Income Distribution (2010)
HH Inc. $ 0 - $ 15k (2010)
7,376 7.3%
9,660
7.7%
13,421 8.0%
HH Inc. $15 - $ 25k (2010)
7,208 7.1%
9,554
7.6%
13,626 8.1%
HH Inc. $25 - $ 35k (2010)
8,199 8.1%
10,489
8.3%
14,703 8.8%
HH Inc. $35 - $ 50k (2010)
14,015 13.9%
17,620 14.0%
23,494 14.0%
HH Inc. $50 - $ 75k (2010)
21,919 21.7%
26,883 21.4%
35,652 21.3%
HH Inc. $75 - $100k (2010)
17,403 17.2%
20,906 16.6%
26,924 16.1%
HH Inc. $100k - $150 (2010)
17,180 17.0%
20,964 16.7%
26,725 16.0%
Source: AGS
Page A-3
09/24/10
128TH AND HOLLY
SITE NAME:
TRADE AREA SIZE:
128TH AND
7 miles
VALUE
128TH AND
8 miles
%
128TH AND
10 miles
%
VALUE
VALUE
%
HH Inc. $150 - $200k (2010)
4,834 4.8%
6,107
4.9%
8,125 4.9%
HH Inc. $200K+ (2010)
2,893 2.9%
3,545
2.8%
4,556 2.7%
Income Distribution (2010)
Household Size (2010)
1 Person Household (2010)
24,162 23.9%
30,270 24.1%
42,281 25.3%
2 Person Households (2010)
24,699 24.4%
30,699 24.4%
41,890 25.0%
14,106 14.0%
17,520 13.9%
23,203 13.9%
21,409 21.2%
26,313 20.9%
33,012 19.7%
10,160 10.1%
12,564 10.0%
16,070 9.6%
4,015 4.0%
5,066
4.0%
6,455 3.9%
7+ Person Households (2010)
2,475 2.4%
3,295
2.6%
4,314 2.6%
6,624
Age of Householder (2010)
Age of Householder <25 (2010)
5.3%
9,415 5.6%
Age of Householder 25-34 (2010)
21,533 21.3%
5,329 5.3%
25,937 20.6%
33,580 20.1%
24,069 23.8%
29,362 23.4%
37,484 22.4%
22,354 22.1%
27,839 22.1%
36,711 22.0%
14,930 14.8%
19,128 15.2%
26,130 15.6%
7,909 7.8%
10,347
8.2%
14,543 8.7%
Age of Householder 75+ (2010)
4,903 4.9%
6,491
5.2%
9,362 5.6%
Age of Householder, Median (2010)
44.05
44.47
44.90
Age By Sex (2010)
Female, Age 0 - 13 (2010)
33,227 22.7%
40,958 22.4%
52,093 21.8%
Female, Age 14 - 17 (2010)
8,116 5.5%
10,141
5.5%
13,075 5.5%
Female, Age 18 - 24 (2010)
12,177 8.3%
15,408
8.4%
20,995 8.8%
Female, Age 25 - 34 (2010)
23,836 16.3%
28,862 15.8%
36,497 15.3%
Female, Age 35 - 44 (2010)
22,823 15.6%
28,034 15.3%
35,567 14.9%
Female, Age 45 - 54 (2010)
20,086 13.7%
25,262 13.8%
33,236 13.9%
Female, Age 55 - 64 (2010)
13,730 9.4%
17,824
9.7%
24,238 10.1%
Female, Age 65 - 74 (2010)
7,183 4.9%
9,439
5.2%
13,227 5.5%
Female, Age 75 - 84 (2010)
3,770 2.6%
4,964
2.7%
7,035 2.9%
Female, Age 85+ (2010)
1,647 1.1%
2,093
1.1%
2,944 1.2%
8,138 4.3%
11,905
5.1%
16,902 5.5%
Education: Some High School (2010)
15,800 8.4%
20,637
8.8%
26,644 8.6%
Education: High School Graduates (2010)
55,377 29.5%
69,500 29.5%
90,373 29.3%
Education: Some College (2010)
41,815 22.3%
51,647 21.9%
67,305 21.8%
Education: Associate's Degree (2010)
16,833 9.0%
20,537
8.7%
26,004 8.4%
Education: Bachelor's Degree (2010)
35,457 18.9%
43,282 18.4%
57,657 18.7%
Educational Attainment (2010)
Education: Less than 9th Grade (2010)
Education: Graduate School (2010)
7.6%
23,781 7.7%
187,656 63.3%
235,336 63.4%
308,667 63.7%
Employment Status: Total Labor Force
114,872 55.1%
149,372 54.2%
204,033 54.3%
Employment Status: Employed
110,306 52.9%
143,177 52.0%
195,227 51.9%
Population Age 25+ (2010)
14,236 7.6%
17,827
Employment By Industry (2000)
Source: AGS
Page A-4
09/24/10
128TH AND HOLLY
SITE NAME:
TRADE AREA SIZE:
128TH AND
7 miles
VALUE
128TH AND
8 miles
%
VALUE
%
516 0.5%
714
0.5%
569
128TH AND
10 miles
VALUE
%
Employment By Industry (2000)
Industry: Agriculture (2000)
Industry: Mining (2000)
0.4%
741 0.4%
Industry: Construction (2000)
10,846 9.8%
14,418 10.1%
19,919 10.2%
Industry: Manufacturing (2000)
13,737 12.5%
17,890 12.5%
24,888 12.7%
Industry: Wholesale Trade (2000)
Industry: Retail Trade (2000)
451 0.4%
874 0.4%
6,336 5.7%
13,359 12.1%
5.7%
10,625 5.4%
17,630 12.3%
8,191
23,682 12.1%
12,905 6.6%
Industry: Transport. and Warehousing (2000)
8,216 7.4%
10,233
7.1%
Industry: Utilities (2000)
1,010 0.9%
1,316
0.9%
1,793 0.9%
Industry: Information Services (2000)
5,997 5.4%
7,612
5.3%
10,135 5.2%
Industry: Finance and Insurance (2000)
5,015 4.5%
6,286
4.4%
8,636 4.4%
Industry: Real Estate (2000)
2,187 2.0%
2,761
1.9%
3,894 2.0%
Industry: Professional Services (2000)
6,726 6.1%
8,654
6.0%
12,229 6.3%
Industry: Management (2000)
Industry: Admin. Services And Waste Mgmnt
33 0.0%
66
0.0%
84 0.0%
4,901 4.4%
6,360
4.4%
8,637 4.4%
Industry: Educational Services (2000)
6,081 5.5%
8,070
5.6%
11,281 5.8%
Industry: Health Care and Social Assist. (2000)
8,464 7.7%
10,951
7.6%
15,235 7.8%
Industry: Arts, Entertainment and Recreation
1,455 1.3%
1,919
1.3%
2,857 1.5%
Industry: Food and Hospitality Services (2000)
5,576 5.1%
7,509
5.2%
10,341 5.3%
Industry: Other Services, except public (2000)
5,085 4.6%
6,611
4.6%
9,176 4.7%
Industry: Public Administration (2000)
4,314 3.9%
5,417
3.8%
7,297 3.7%
Housing (2010)
Housing Units, Total (2010)
112,608
139,796
184,871
Occupied Units (2010)
167,226 90.5%
101,027 89.7%
125,727 89.9%
Vacant Units (2010)
11,581 10.3%
14,068 10.1%
17,645 9.5%
Owner Occupied Units (2010)
75,079 74.3%
92,354 73.5%
118,847 71.1%
Renter Occupied Units (2010)
25,947 25.7%
33,373 26.5%
48,379 28.9%
Housing (2000)
Housing Units (2000)
76,914
Housing Units, Occupied (2000)
74,579 97.0%
Housing Units, Vacant (2000)
2,335 3.0%
100,334
138,847
97,422 97.1%
2,912
134,851 97.1%
2.9%
3,997 2.9%
Housing Units, Owner-Occupied (2000)
56,566 75.8%
73,152 75.1%
96,770 71.8%
Housing Units, Renter-Occupied (2000)
18,014 24.2%
24,271 24.9%
38,082 28.2%
Median Rent (2000)
Median Home Value (2000)
711
702
687
151,368
153,196
154,823
Marital Status (2010)
Never Married (2010)
Now Married (2010)
52,163 23.3%
66,919 23.7%
90,700 24.4%
134,042 59.8%
165,494 58.7%
212,524 57.3%
Separated (2010)
7,011 3.1%
9,914
3.5%
14,129 3.8%
Widowed (2010)
7,886 3.5%
10,426
3.7%
14,679 4.0%
Divorced (2010)
22,970 10.3%
29,118 10.3%
39,164 10.6%
224,072 75.6%
281,871 76.0%
371,197 76.6%
Population Age 15+ (2010)
Source: AGS
Page A-5
09/24/10
128TH AND HOLLY
128TH AND
7 miles
SITE NAME:
TRADE AREA SIZE:
VALUE
128TH AND
8 miles
%
128TH AND
10 miles
%
VALUE
VALUE
%
Household: 0 Vehicles Available (2010)
3,229 3.2%
4,302
Household: 1 Vehicles Available (2010)
27,544 27.3%
35,080 27.9%
48,943 29.3%
Household: 2+ Vehicles Available (2010)
70,254 69.5%
86,345 68.7%
111,880 66.9%
Vehicles Available (2010)
3.4%
6,403 3.8%
Aggregate Vehicles Available All Hshlds (2010)
208,607
258,548
339,805
Aggregate Vehicles Available Owner Hshlds
168,182 80.6%
206,741 80.0%
265,212 78.0%
Aggregate Vehicles Available Renter Hshlds
40,425 19.4%
51,807 20.0%
74,593 22.0%
54,437 73.0%
71,379 73.3%
96,328 71.4%
28,362 28.1%
34,899 27.8%
44,440 26.6%
Household By Type (2000)
Family Households (2000)
Households By Presence Of Children (2010)
Married Couple Family With Children (2010)
Lone Parent Male With Children (2010)
3,448 3.4%
4,349
3.5%
5,784 3.5%
Lone Parent Female With Children (2010)
8,027 7.9%
10,100
8.0%
13,577 8.1%
Married Couple Family No Children (2010)
26,099 25.8%
32,440 25.8%
42,273 25.3%
Lone Parent Male No Children (2010)
2,143 2.1%
2,702
2.1%
3,664 2.2%
Lone Parent Female No Children (2010)
2,946 2.9%
3,766
3.0%
5,124 3.1%
189 0.2%
245
0.2%
327 0.2%
Non-family Male Head with Children (2010)
Non-family Female Head with Children (2010)
87 0.1%
115
0.1%
150 0.1%
Non-family Male Head No Children (2010)
3,273 3.2%
4,032
3.2%
5,654 3.4%
Non-family Female Head No Children (2010)
2,290 2.3%
2,811
2.2%
3,952 2.4%
Lone Male Householder (2010)
12,541 12.4%
15,474 12.3%
21,513 12.9%
Lone Female Householder (2010)
11,621 11.5%
14,796 11.8%
20,768 12.4%
Consumer Expenditures (2010, $/HH)
Total Consumer Expenditures (2010)
57,400.63
56,853.86
56,329.31
Apparel (2010)
2,753.13
2,727.22
2,701.14
Contributions (2010)
2,127.84
2,109.42
2,088.68
Education (2010)
1,405.52
1,392.71
1,375.77
Entertainment (2010)
3,228.63
3,196.46
3,163.62
Food And Beverages (2010)
8,725.24
8,648.08
8,578.61
Health Care (2010)
3,410.40
3,383.65
3,366.76
Household Furnishings And Equipment (2010)
2,576.85
2,547.52
2,517.10
11,089.86
10,984.02
10,876.40
2,103.37
2,081.11
2,054.02
Miscellaneous Expenses (2010)
944.32
936.44
930.67
Personal Care (2010)
830.93
822.82
815.56
Personal Insurance (2010)
595.97
589.96
583.06
Reading (2010)
187.13
185.30
183.76
Tobacco (2010)
357.17
354.89
354.13
Shelter (2010)
Household Operations (2010)
Transportation (2010)
11,600.38
11,476.61
11,361.00
Utilities (2010)
3,943.55
3,911.05
3,887.20
Gifts (2010)
1,520.34
1,506.59
1,491.85
24,219.78
23,998.95
23,796.04
Total Retail Expenditures (2010)
Source: AGS
Page A-6
09/24/10
128TH AND HOLLY
SITE NAME:
TRADE AREA SIZE:
128TH AND
7 miles
VALUE
%
128TH AND
8 miles
VALUE
%
128TH AND
10 miles
VALUE
%
MOSAIC Lifestyle Segmentation Groups (2010)
MOSAIC Group A: Affluent Suburbia (2010)
36,021 35.7%
43,583 34.7%
52,952 31.7%
MOSAIC Group B: Upscale America (2010)
21,728 21.5%
24,239 19.3%
32,379 19.4%
MOSAIC Group C: Small-town Contentment
7,570 7.5%
8,359
6.6%
9,173 5.5%
685 0.7%
685
0.5%
692 0.4%
4,707
3.7%
5,620 3.4%
20,392 16.2%
31,388 18.8%
MOSAIC Group D: Blue-collar Backbone (2010)
MOSAIC Group E: American Diversity (2010)
MOSAIC Group F: Metro Fringe (2010)
MOSAIC Group G: Remote America (2010)
3,433 3.4%
12,054 11.9%
549 0.5%
MOSAIC Group H: Aspiring Contemporaries
13,472 13.3%
MOSAIC Group I: Rural Villages and Farms
1 0.0%
MOSAIC Group J: Struggling Societies (2010)
MOSAIC Group K: Urban Essence (2010)
MOSAIC Group L: Varying Lifestyles (2010)
Source: AGS
0.4%
549 0.3%
16,055 12.8%
549
21,445 12.8%
16
0.0%
206 0.1%
398 0.4%
398
0.3%
1,878 1.1%
5,115 5.1%
6,395
5.1%
10,571 6.3%
0 0.0%
351
0.3%
373 0.2%
Sage Creek 2010 Sales
BUYER'S NAME
CLOSING DATE
ADDRESS
AMOUNT
SUAREZ-SANDOVAL
1/25/10
12751 IVANHOE
$158,437
GIEBLER
1/29/10
12753 IVANHOE
$160,788
SCHUMACHER
2/9/10
12729 IVANHOE
$160,718
CRAWFORD
4/26/10
12735 IVANHOE
$165,000
GORMLEY
2/16/10
12749 IVANHOE
$163,121
LAWSON
4/26/10
5770 E 27TH
$163,747
CAMPBELL
6/11/10
5760 E 27TH
$167,916
SOUTHWICK
6/18/10
12741 IVANHOE
$167,972
STARR
7/12/10
12731 IVANHOE
$171,000
REED
12/31/10
12747 IVANHOE
$165,966
Sage Creek 2010 Sales
$1,644,665

Sage Creek Brochure white.indd

Transcription

Similar documents

2605 Virginia Beach Boulevard Virginia Beach, Virginia 23452