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HomeMy WebLinkAboutRESPONSE - RFP - P809 REAL ESTATE BUYERS AGENTVELDMAN MORGAN C O M M E R C I A I. PROPOSAL TO REPRESENT The City of Fort Collins Proposal No. P-809 Presented to: The City of Fort Collins Purchasing Division 215 N. Mason Street, 2' Floor Fort Collins, Colorado 80524 October 23, 2001 Presented by: Veldman Morgan Commercial, Inc. 760 Whalers Way, Building C, Suite 200 Fort Collins, Colorado 80525 760 Whalers Way, Bldg. C, Suite 200 Fort Collins, CO 80525 Phone 970/223-5555 Fax 970/223.1647 FE.LtOIi VELDMAN MORGAN COMMERCIAL, INC. NOTEWORTHY TRANSACTIONS Commercial Buildings • $3,350,000 Berthoud Village Shopping Center, Berthoud, CO 36,000 Square Feet Retail Shopping Center • $2,050,000 4401 Innovation Dr. 63,200 Square Feet Industrial Building • $2,000,000 Historic Linden Hotel - Redevelopment 15,000 Square Feet Office/Retail Building • $1,600,000 95 S. Sheridan Blvd., Lakewood 26,000 Square Feet Retail Shopping Center • $1,565,000 12937 S. Parker Road, Parker, CO 6,380 Square Feet Retail Building • $1,435,000 1225 Redwood Dr. 20,000 Square Feet Medical Building • $1,363,000 901 SW Frontage Road 24,360 Square Feet Industrial Building • $1,050,000 900 S. Lemay Avenue - Redevelopment 3,000 Square Feet Credit Union Building • $1,000,000 200-204 Walnut Street - Redevelopment 3,600 Square Feet Retail/Office Building • $235,000 304 N. Howes Street 2,074 Square Feet Residential and Warehouse VELDMAN MORGAN COMMERCIAL, INC. NOTEWORTHY TRANSACTIONS Land • $4,500,000 Horse Mountain Ranch Eagle County, CO 2,000 Acres • $1,089,000 Castlewood Englewood, CO 5.0 Acres • $735,000 Windsor Highlands Windsor, CO 640 Acres • $730,000 Timberline Lakes Business Park Fort Collins, CO 63 Acres • $660,000 Prospect Park Fort Collins, CO 3.87 Acres • $596,813 Centennial Subdivision Denver, CO 1.93 Acres • $500,000 SEC Harmony & McMurray Fort Collins, CO 51,836 square feet VELDMAN MORGAN r W Laporte Ave, Fort Collins, Larimer County Ptype: Land 80521 Site SF: Em rim Irmo Bldname: Zoning: LMN Building SF: Site Acres: Access: West Laporte AvenueSewer: Topography: Dimensions: Total Avail SF:664,290 Max Contig. SF:664,290 Divisible: No RE Taxes: $291.41 Sale Price: $335,000.00 Sale Price High: $335,000.00 avant land, northwest Fort Collins, possible infill development, close proximity to schools, quiet location. LMN zoning, 15.5 acres Q $22,000.00 per acre, raw land. Summary: Affordable ground. Close proximity to parks, schools, and transit. Unimproved ground, potential higher cost to develop. 760 Whalers Way, Bldg. C, Suite 200 Fort Collins, CO 80525 Phone 970/223`5555 Fax 970/223-1647 The information contained in this brochure, while not guaranteed, is from souroes we believe to be reliable. 19 VELDMAN MORGAN SWC Harmony and Shields, Fort Collins, Larimer County "'µ:� Ptype: Land Bidname: Zipcode:80526 Site SF: 257,004 Water. Improvements: Min Avail. SF: 257,004 Terms: Building SF: Access: Topography: Total Avail SF:257,004 Divisible: No Sale Price: $1,200,000.00 Zoning: LMN, Low Density Use Site Acres: 6 Sewer: Dimensions: Max Contig. SF: 257,004 RE Taxes: Sale Price High: The site currently contains 5.9 acres gross and will be diminished to 5.5 acres after Shields and Harmony are oversized at the intersection. an FA Summary: May be cost prohibitive. Close proximity to parks, schools, and transit. Located on the south side of Fort Collins. Limited expansion abilities. 760 Whalers Way, Bldg. C, Suite 200 Fort Collins, CO 80525 Phone 970/223-5555 Fax 970/223-1647 19 The information contained in this brochure, while not guaranteed, is from sources we believe to be reliable. VELDMAN MORGAN Lincoln Ave, Fort Collins, Larimer County ID ' Ptype: Land Bldname: Zoning: Industrial (Potential to rezone to MMN) . Zipcode: 80524 Building SF: Site Acres: 14 Site SF: 607,662 Access: uncoln and Sewer: Lemay Water: Topography: Dimensions: Improvements: Total Avail SF: 607,662 Max Contig. SF: 607,662 Min Avail. SF: Divisible: No RE Taxes: 607,662 Terns: Sale Price: Sale Price High: $1,822,986.00 Currently zoned Industrial. The city has indicated that a mixed use development would appropriate for this site, Summary: Potential zoning issues. Affordable ground. Close proximity to transit. Questionable proximity to schools and parks. 760 Whalers Way, Bldg. C, Suite 200 Fort Collins, CO 80525 Phone 970/223-5555 Fax 970/223-1647 The information contained in this brochure, while not guaranteed, is from sources we believe to be reliable. VEIDMAN MORGAN Rigden Farm, Tract U , Fort Collins, Larimer County ��+-- Ptype: Land Bldname: Rigden Farm, TractZoning: MMN _ U Zlpcode:80525 Building SF: Site Acres: Site SP: 152,590 Access: SE Corner of Drake &Sower: City of Fort Timberline Collins .! Water: City of Fort Collins Topography: Flat Dimensions: Irregular IL " Improvements: utilities stubbed Total Avail SF: 152,590 Max Contig. SF: to property 152,590 Mtn Avail. SF: 152,590 Divisible: No RE Taxes: Terms: Sala Price:$755,000.00 Sale Price High: Apartment ground in highly desirable southeastern Fort Collins. Rigden Farm is a new 30 acre mixed -use community which will consist of single family, multifamiy, and commercial bound together by treelined streets and walkways. Summary: Near future development — Rigden Farm. May be cost prohibitive. Close proximity to parks, schools, and transit. Improved ground, lower cost to develop. 760 Whalers Way, Bldg. C, Suite 200 Fort Collins, CO 80525 Phone 970/223-5555 Fax 970/223-1647 The information contained in this brochure, while not guaranteed, is from sources we believe to be reliable. ,�, VELDMAN MORGAN Location Summary ►�/ Ij° i � 1 = i .. 'I n1 nu.e. ■ ff.. yy l stimuli r�.N�UM�1 mug. �N n�xa. NI/IIM ALA°Fi°•- �,:y Ili � •L 1 � NI' '� ;,� ` AM 0 y �• x}t;r? 17 i i li II 1. 2. 3. 4. 2300 West Laporte Avenue Southwest Corner of Harmony Road and Shields Street East Lincoln Avenue (near Lemay Avenue) Southeast Corner of Drake Road and Timberline Road (Rigden Farm) 760 Whalers Way, Bldg. C, Suite 200 Fort Collins, CO 80525 Phone 970/223-5555 Fax 970/223-1647 The information contained in this brochure, while not guaranteed, is from sources we believe to be reliable. I EXCLUSIVE RIGHT -TO -BUY CONTRACT (BUYER AGENCY) Fort Collins, Colorado, November 16, 2001 The City of Fort Collins, Colorado, a Municipal Corporation ("Buyer") appoints VELDMAN MORGAN COMMERCIAL, INC., ("Broker") as Buyer's exclusive agent for the purpose of representing Buyer to acquire interests in real property as indicated in Section 3 ("Property') and under the terms specified herein. 1. Effect of Exclusive Buyer Agency Contract. Broker is the limited agent of Buyer and will represent only Buyer. By engaging Broker as Buyer's exclusive agent, Buyer agrees to conduct all negotiations for Property through Broker and to refer to Broker all inquiries received from real estate brokers, salespersons, prospective sellers, or any other source during the time this contract is in effect. Buyer agrees that any compensation to Broker, which is conditioned upon the acquisition by Buyer of interests in real property, whether by lease or purchase (collectively "Purchase"), will be earned by Broker whenever such interests are acquired -by -Buyer directly or indirectly, without any discount or allowance for any efforts made by Buyer or any other person in connection with the acquisition of such interests by Buyer. 2. Purchase. "Purchase of the Property' or "Purchase" means the voluntary acquisition of any interest in the Property or the voluntary creation of the right to acquire any interest in the Property (including a contract or lease). 3. Property. The Property shall be those certain real properties located in the County of Larimer, State of Colorado and are listed on Exhibit "A" attached hereto and incorporated herein by this reference. 4. Duration of Agency. Broker's authority as Buyer's exclusive agent shall begin November 16, 2001 and shall continue until the earlier of October 31, 2002 or completion of the acquisition of the Property unless an extension is agreed to by the parties. 5. Broker's Services. Broker will exercise reasonable skill and care for Buyer, and make reasonable efforts to locate property. (a) Broker will promote the interests of Buyer with the utmost good faith, loyalty, and fidelity, including but not limited to: 1. seeking a price and terms which are acceptable to Buyer, except that Broker shall not be obligated to seek other properties while Buyer is a party to a contract to purchase Property; 2. procuring acceptance of any offer to purchase property and to assist in the completion of the transaction; 3. presenting all offers to and from Buyer in a timely manner, regardless of whether Buyer is already a party to a contract to purchase Property; 4. disclosing to Buyer adverse material facts actually known to Broker, 5. counseling Buyer as to any material benefits or risks of the transaction which are actually known to Broker, Page 1 of 5 6. advising Buyer to obtain expert advice as to material matters about which Broker knows but the specifics of which are beyond the expertise of Broker, 7. accounting in a timely manner for all money and property received, and 8. informing Buyer that Buyer may be vicariously liable for the acts of Broker when Broker is acting within the scope of the agency relationship. (b) Broker shall not disclose to the seller or any other third party, without the informed consent of Buyer: 1. that Buyer is willing to pay more than the purchase price for Property; 2. what Buyer's motivating factor(s) are; 3. that Buyer will agree to financing terms other than those offered; 4. any material information about Buyer unless disclosure is required by law or failure to disclose such information would constitute fraud or dishonest dealing; and 5. any facts or suspicions regarding circumstances which would psychologically impact or stigmatize Property. (c) Broker shall disclose to any prospective seller all adverse material facts actually known by Broker, including but not limited to adverse material facts concerning Buyer's financial ability to perform the terms of the transaction and whether Buyer intends to occupy Property as a principal residence. (d) Broker shall make submissions to Buyer describing and identifying properties appearing to substantially meet the criteria set forth in Section 3. 6. Compensation to Broker. In consideration of the services to be performed by Broker, Buyer shall pay Broker as follows: (a) Success Fee. Broker shall be paid a fee equal to three percent (3.0%) of the purchase price. The success fee is conditioned upon the Purchase of the Property or the acquisition by Buyer of property not in compliance with the requirements specified in Section 3 but within the purview of this contract. This fee is payable upon closing of the transaction(s), subject to the provisions of Section 8. This fee shall apply to Property contracted for during the original term of this contract or any extension(s) and shall also apply to Property contracted for within thirty (30) days after this contract expires or is terminated (Holdover Period) if the Property was shown or specifically presented in writing to Buyer by Broker during the original term or any extension(s) of the term of this contract; provided, however; that Buyer shall owe no commission to Broker under this subsection if a commission is earned by another licensed real estate broker acting pursuant to an exclusive right -to -buy contract or an exclusive agency Listing contract entered into during the Holdover Period. Buyer is obligated to pay Brokers fee. However, Broker is authorized and instructed to request payment of Broker's fee by listing broker, if listed, or by seller from the transaction. Page 2 of 5 7. Failure to Close. If a seller fails to close with no fault on the part of Buyer, the success fee provided in Section 6(a) shall be waived. If Buyer is at fault, such success fee will not be waived, but will be due and payable immediately. Broker shall not be obligated to advance funds for Buyer. 8. Disclosure of Broker's Role. At the earliest reasonable opportunity, Broker shall inform any prospective sellers or their brokers with whom Broker negotiates pursuant to this contract that Broker is acting on behalf of a Buyer -principal. 9. Disclosure of Buyer's Identity. Broker does have Buyer's permission to disclose Buyer's identity to third parties without prior written consent of Buyer. 10. Assignment by Buyer. No assignment of Buyer's rights or obligations under this contract and no assignment of rights or obligations in property obtained for Buyer under this contract shall operate to defeat any of Broker's rights. 11. Nondiscrimination. The parties agree not to discriminate unlawfully against any prospective seller because of the race, creed, color, sex, marital status, national origin, familial status, physical or mental handicap, religion or ancestry of such person. 12. Recommendation of Legal Counsel. By signing this document, Buyer acknowledges that Broker has advised that this document has important legal consequences and has recommended consultation with legal and tax or other counsel, before signing this contract. 13. Alternative Dispute Resolution: Mediation. If a dispute arises relating to this contract, and is not resolved, the parties involved in such dispute (Disputants) shall first proceed in good faith to submit the matter to mediation. The Disputants will jointly appoint an acceptable mediator and will share equally in the cost of such mediation. In the event the entire dispute is not resolved within thirty (30) calendar days from the date written notice requesting mediation is sent by one Disputant to the other(s), the mediation, unless otherwise agreed, shall terminate. This section shall not alter any date in this contract, unless otherwise agreed. 14. Attorney Fees. In case of arbitration or litigation between Buyer and Broker in their respective capacities, the parties agree that costs and reasonable attorney fees shall be awarded to the prevailing party. 15. Early Termination by City/Notice. Notwithstanding the time periods contained herein, the Buyer may terminate this Agreement at any time without cause by providing written notice of termination to the Broker. Such notice shall be delivered at least fifteen (15) days prior to the termination date contained in said notice unless otherwise agreed in writing by the parties. All notices provided under this Agreement shall be effective when mailed, postage prepaid and sent to the following addresses: If to Broker: Daniel R. Bernth or Cole M. Herk Veldman Morgan Commercial, Inc. 760 Whalers Way, #C-200 Fort Collins, CO 80525 Page 3 of 5 TABLE OF CONTENTS Veldman Morgan Commercial, Inc......................................................1 Resumes - Dan Bernth, Cole Herk, and Support Staff...............................2 Business References.........................................................................3 Corporate Memberships.....................................................................4 Noteworthy Transactions - Commercial Buildings and Land ........................5 Targeted Properties for City of Fort Collins: 2300 W. Laporte Avenue, Fort Collins..........................................6 SWC Harmony Road and Shields Street, Fort Collins ........................7 Lincoln Avenue, Fort Collins.....................................................8 Rigden Farm, Tract U, Fort Collins.............................................9 LocatorMap............................................................................... 10 If to Buyer: City of Fort Collins P.O. Box 580 Fort Collins, CO 80522 16. Modification of this Contract. No subsequent modification of any of the terms of this contract shall be valid, binding on the parties, or enforceable unless in writing and signed by the parties. 17. Entire Agreement. This contract constitutes the entire agreement between the parties and any prior agreements, whether oral or written, have been merged and integrated into this contract. 18. Counterparts. If more than one person is named as a Buyer herein, this contract may be executed by each Buyer, individually, and when so executed, such copies taken together shall be deemed to be a full and complete contract between the parties. Broker. 19. Copy of Contract. Buyer acknowledges receipt of a copy of this contract signed by 20. Exclusions. Buyer and Broker acknowledge that no commission shall be payable in the event a purchase contract is executed and closing occurs for the following entities/properties: (a) Bailey R. Stenson, Property at West Elizabeth Street and Orchard Place, and two (2) adjoining properties owned by Billy Roberts and Tad Couture. (b) Joseph Shea, Property at South Taft Hill and Kinnison. (c) John and Jackie Worthington, 3226 S. Shields Street. 21. Other Divisions. Buyer and Broker agree that Broker may work with other divisions of the City of Fort Collins in order to facilitate the process of acquiring property as described in this contract. Page 4 of 5 ACCEPTED BY: BROKER: VELDMA MORGAN COMMERCIAL, INC. Date: By. e , Daniel R. Bernth, CCIM, Managing Broker Date: By. ��4 Cole M. Herk, Broker Associate THE CITY OF FORT COLLINS, COLORADO, a Municip Corporation Date: By. Jo chbach, City Manager Date: l Z By. V Ja a B. O'Neill II, CPPO, FNIGP )jr r of Purchasing and Risk Management ATTEST: City Clerk APPRO DI I Assist ity Attorney Page 5 of 5 VELDMAN MORGAN COMMERCIAL, INC. Veldman Morgan Commercial, Inc. is a full service commercial brokerage firm that started operations as Moore Commercial in Fort Collins in 1979. In 1990, David Veldman purchased 50 % of the Moore Commercial office in Fort Collins and changed the name to Veldman Moore Commercial. Three years later, David joined forces with Mitchell Morgan and Mitch's company, Horizon West Property Management, Inc., to purchase 100% of the Fort Collins office, and changed the name to "Veldman Morgan Commercial, Inc." Today, Veldman Morgan Commercial, Inc. and its sister company, Horizon West Property Management, Inc., work together to provide exquisite service to clients and customers. With the same management, staff, brokers and sales agents, Veldman Morgan Commercial, Inc. has been a leader in the commercial brokerage business sector in Fort Collins for the past several years. Most recently, from 1997 through October 2001, Veldman Morgan Commercial, Inc. has completed more than 400 transactions generating approximately $92 million in gross proceeds. Veldman Morgan Commercial, Inc. offers numerous services to customers and clients. These services include leasing, brokerage, loan/mortgage brokerage, property enhancement from distressed conditions, site selection, and development services. Veldman Morgan Commercial, Inc. is represented by experienced real estate professionals specializing in the sale and/or lease of commercial, industrial and investment real estate. The firm's specialties include, but are not limited to: 1. Investment properties, such as office buildings, medical/dental buildings, shopping centers, industrial buildings, apartments, and net leases; 2. Office sales and leasing; retail sales and leasing; land properties to be used for commercial, industrial, and various residential uses; 3. Industrial properties, such as warehouses, office/showroom/warehouses, high-tech buildings, and special-purpose buildings. Veldman Morgan Commercial, Inc. excels at buyer/tenant broker relations to represent the needs of the buyer and/or tenant. Through a network with other professionals they have developed the skills and disciplines to give valuable assistance to their clients in the areas of development, zoning, and platting of land. Veldman Morgan Commercial, Inc. is also able to assist clients in respect to their investigation of soil, water, and minerals. Being headquartered in Fort Collins, Veldman Morgan Commercial, Inc. is committed to Northern Colorado's economic growth. The brokerage represents national, regional, and local clients, developers, and tenants for office buildings, industrial and retail user buildings, shopping centers and apartments. Veldman Morgan Commercial, Inc. also provides investment services to assist clients in their decision making. Over the years, Veldman Morgan Commercial, Inc. has developed sales and management techniques which have proven successful in establishing and maintaining a reputation for competence and integrity among owners, developers, tenants, architects, and contractors. VMC DAN BERNTH Managing Broker Dan Bernth received his Colorado Real Estate license in May of 1994. He began his commercial real estate career as a salesperson with Veldman Morgan Commercial, Inc. in April of 1995. Prior to joining Veldman Morgan Commercial, Inc., Dan was a mortgage banker in Denver with First Colorado Mortgage Corporation where he analyzed and reviewed loan programs to determine optimal programs for purchasers. Prior to that, from 1991 through 1992, Dan was the project manager for the real estate division of ConAgra/Country General. His primary responsibilities were site selection, lease negotiations, and setting up new stores. Dan graduated from Colorado State University with a M.B.A. in Finance, and he has a B.S. in Business Administration from the University of Nebraska at Kearney. He served in the United State Marine Corps for six years where he was promoted to the rank of Captain. In 1998, Dan completed a rigorous course of study and fulfilled experience requirements to earn the prestigious Certified Commercial Investment Member designation (CCIM). A CCIM is an individual, who, by education, experience and knowledge of the marketplace, is an expert in commercial -investment real estate. They have accumulated knowledge and mastered techniques in diverse areas, including real estate investment analysis and property development. Their experience and training prepares a CCIM to identify and meet commercial and investment real estate goals of individuals, partnerships, and corporations. In December 1999, Dan became Managing Broker of Veldman Morgan Commercial, Inc. Dan is currently a member of the Northern Colorado Commercial Brokers Network (NCCBN), the Denver Metro Commercial Association of Realtors (DMCAR), and has served on the City of Fort Collins' Planning and Zoning Board since 1999. VELDMAN MORGAN (- 0 Ni M 8 R ( I A I. COLE M. HERK Broker Associate Cole is the most recent addition to the staff of Veldman Morgan Commercial, Inc., joining our group in October 1999. Cole also served our management division in the capacity of leasing agent from March 1999 through October 1999. Cole recently graduated from Colorado State University, with a degree in finance. Cole is currently acting as an administrator for the Northern Colorado Commercial Brokers Network, a local network of brokers, facilitating the internet listings of all commercial real estate broker members. Cole received his commercial real estate brokerage license in May 1999 and became a broker associate at that time. VELDMAN MORGAN C 0 R9 M F 11 <. I A I. VMC i• �I RENE M. WYNDHAM Administrative Assistant Rene joined Veldman Morgan Commercial, Inc. in May of 1998, after having served seven and one-half years as Administrative Assistant/Assistant to the President in our management division, Horizon West Property Management, Inc. Rene has been in the administrative field for more than 22 years, and brings a high level of professional and administrative expertise to our office. Rene is responsible for assisting company owners and brokers in all major functions of office management and real estate sales and leasing transactions. VELDMAN MORGAN C. 0 F1 M P. R C 1 A I. L VELDMAN MORGAN COMMERCIAL, INC BUSINESS REFERENCES Robert Bisetti The Bisetti Company 116 E. Oak Street (970) 472-4214 John Donaldson 4529 S. Stover Street Fort Collins, CO 80525 (970) 204-0125 Jay Hardy Downtown Business Association # 19 Old Town Square, #230 Fort Collins, CO 80524 (970) 484-6500 Jim Manion 5212 Abbey Road Fort Collins, CO (970) 223-1115 Dale Boehner 2510 Fox Run Court Fort Collins, CO 80526 (970) 226-6688 Cody Fullmer Bank of Colorado 1609 E. Harmony Road Fort Collins, CO 80525 (970) 206-1160 Les Kaplan 140 Palmer Drive Fort Collins, CO 80525 (970) 266-6819 Bob Peterson Associates in Building Design 80526 4803 Innovation Drive Fort Collins, CO 80525 (970) 225-2323 David Sitzman Sitzman Mitchell 3500 JFK Parkway, #200 Fort Collins, CO 80525 (970) 223-5500 Mikal Torgerson Mikal Torgerson Architecture 211 Jefferson Street Fort Collins, CO 80524 (970) 416-7431 VELDMAN MORGAN ( 0 M hl F R C I A I_ v,M CORPORATE MEMBERSHIPS National Association of REALTORS® The purpose of NAR is to enhance the ability and opportunity of its members nation-wide to conduct their business successfully and ethically, and to promote the preservation of the right to own, transfer and use real property. Colorado Association of REALTORS® The purpose of CAR is to enhance the ability and opportunity of its members state-wide to conduct their business successfully, with integrity and competency. Fort Collins Board of REALTORS@ Veldman Morgan Commercial, Inc. is a member in good standing of the Fort Collins Board of REALTORS®. Sales associates regularly attend continuing education programs presented by the Board. Fort Collins Commercial Brokers Veldman Morgan Commercial, Inc. sales associates attend monthly Broker Meetings to discuss local market issues with other Commercial REALTORS®. Northern Colorado Commercial Brokers Network (NCCBN) Veldman Morgan Commercial, Inc. is a member of the NCCBN, the governing board for commercial brokers in the northern Colorado region. Denver Metro Commercial Association of Realtors (DMCAR) Veldman Morgan Commercial, Inc. is a member of the DMCAR, the governing board for commercial brokers in the Denver Metro region. Certified Commercial Investment Member (CCIM) Three of our Brokers (Dave Veldman, Chris Wells, and Dan Bernth) have fulfilled experience requirements to earn the prestigious Certified Commercial Investment Member designation (CCIM). There are over 4,000 CCIMs in the United States and Canada, creating a large national network audience for our listings. International Council of Shopping Centers ICSC is a network of shopping center owners, managers and tenant/prospective tenants. Fort Collins, Inc. A local economic development group. Fort Collins Chamber of Commerce Larimer County Division of the Better Business Bureau