Brighton Crossing Scenario: In December $2012$ King Soopers $($Dillon Companies, Inc.$)$ purchased from S$3$L Holdings, LLC a parcel of land $(23$ ac m$/$l$)$ located at the NEC of Bridge Street $($Highway $7)$ and $50$th Street $($Himalaya Street$).$ The property is located in Brighton, Colorado, Adams County. Pertinent Information: King Soopers will self$-$develop the property; construct all on and off$-$site improvements $($improvements to the land$)$ at a cost of $$4$M; sell Outlots $4-7$; Lot $3($fuel center$)$ was transferred to the Kroger fuel division at a price of $$200$K; and retain ownership of Lot $2$ as an attached $7,100$ sf in$-$line retail. King Soopers negotiated and received a Tax Incremental Financing Agreement $($TIF$)$ with the City of Brighton in the amount of $$1\mathrm{.}2$M$.$ Lastly, the purchasers of Lots $4-7$ will reimburse King Soopers $$1\mathrm{.}4$M for site improvement costs. Assignment: Answer the following questions: $1)$ What was the purchase price Dillon Companies paid for the property? $2)$ What was the Document Fee to record the deed? $3)$ Dillon Companies has to date sold each of the outlots. What was the purchase price for each Lot? FirstBank $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Confluent Development $($Starbucks$)$ $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Brighton Covenant Group $($PacDental$)$ $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ FCAC $($Firestone$)$ $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Transfer fuel pad to Kroger Fuel $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_4)$ Pertaining to the Lot $2($strip center$)$: assume rents at $$30$ psf and a Cap Rate of $7\%,$ what is the market value of the strip center? $5)$ What was the total capital invested in the development? $6)$ Evaluate this real estate development in terms of capital invested, the sales of all the outlots, the market value of Lot $2($strip center$),$ site improvements reimbursements and the TIF. Keep this simple $$ show as a simple cash flow sheet. Lots Sold: FirstBank: $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Starbucks: $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ PacDental: $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Firestone: $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Kroger Fuel: $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Total of Lots Sold: $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Market Value of Strip Center: $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Site improvements reimbursements: $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ TIF: $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Total Gross Value $($in Dollars$)$: $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Capital Invested: Land Purchase: $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Sie Improvements costs: $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Total Capital Invested: $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Real Estate Value Realized: $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Notes: In order to complete this assignment, you will have to access the Adams County assessor$$s website and the Adams County Clerk and Recorder$$s website. From the Assessor$$s home page, click on $$Maps & Data.$$ At the end of $$Assessor$$s Data$$ paragraph, click on $$Downloadable GIS Data.$$ Page down and click on $$Advanced Map.$$ On the map, click on $$I Want To$....$ Then click $$Search by Intersection.$$ Input $$Bridge Street$$ followed by $50$th Ave.$$ It now takes you to a map. Zoom out so you can see the intersection. The subject property is the northeast corner. Now find the sales price for five properties. Click on the pad site with $36$ on it$.$ Click on $$Property Report.$$ Find the sales price under $$Sales Summary.$$ This lot $($purchased by FirstBank from Dillon Companies$)$ is Lot $6.$ Lot $5$ and $4$ are next to Lot $6$ along Bridge Street. The fourth lot on Bridge is Lot $3,$ transferred to Dillon Fuel Division as stated in the lead paragraph. Find the sales price for Lots $4,5$ and $7$ as you did Lot $6.$ Now, the hard one. Lot $1$ is identified as $100$ on the map. It is the larger of the parcels. Click on it$.$ Click on $$Property Report$$; click on $$Sales Summary$$; click on the link to the clerk$/$recorders page; click on $$Name$$; enter $$Grantee$$; starts with $$Dillon$$; document category: $$Deeds$$; enter $12/1/12$ as your starting date. Click $$Submit$.$ Page down to the roster of docs. See the deed from S$3$L Holdings to Dillon Companies? Click on it$.$ The answers to questions $1$ and $2$ are now visible. The transaction price is easy...can you see the Doc Fee?