Shaffer Tech Center is a Class A, 100,550 sf industrial distribution facility built in 2002 that served as the home of Apria Healthcare for 15 years. The building features a 24’ clear ceiling height, 13 dock-high doors, and an ESFR sprinkler system. The property is in the affluent southwest Denver suburb of Ken Caryl, which benefits from impressive demographics, a constrained industrial market, and immediate access to the C-470, Interstate 70, and Highway 285 mountain corridors. Fully vacant at the time of acquisition, this value-add investment allowed NexGen to bring new life to the asset with the completion the following improvements: a roof replacement, updated exterior paint, complete interior demolition, dock door replacements, and refreshed landscaping.  In just over a year, NexGen was able to secure an owner/user buyer, increasing the value of the asset by $67.00 psf.

Central Place at Iliff Station is a 74,000 square foot multi-tenant office building located in Aurora, Colorado.  Built in 1984, it is well located along the I-225 freeway, visible to thousands of automobiles daily and is adjacent to the Iliff Light Rail Station.  NexGen completed common area and building system renovations to modernize the building and maximize building operating efficiency.  Sold asset to 2-10 Home Buyers Warranty as an owner user building.

Just off Pearl Street in Boulder, NexGen acquired a mixed use Class A commercial office retail condominium.  Built in 2003, the 2,606 square foot condo has modern finishes such as an open ceiling grid, stainless steel mechanical, high ceilings, and a concrete floor.  Sold to an owner user.

Working with a local banking institution, NexGen successfully acquired a 14,000 square foot LEED certified single user office building located in Silt, CO.  Built in 2009 for the Bureau of Land Management (“BLM”), the tenant is occupying the building on a 15 year base lease term.  This field office serves the needs of the thriving oil and gas interests in the Colorado River Basin.

Comprised of a four office building office campus totaling 69,000 square feet, Montebello Plaza was obtained through Chapter 7 bankruptcy proceedings.   NexGen committed $1MM towards repositioning the property. 

Working directly with a local banking institution, NexGen acquired a 14,000 square foot industrial flex warehouse and closed within 30 days to meet the year-end balance sheet needs of the bank. Built in 2008, 6th Avenue Business Center is a Class A industrial warehouse located at 6th Avenue and Sheridan Boulevard, which consists of five individual suites.  NexGen sold the property to an owner/user. 

Situated one block west of the Denver Convention Center next to the Embassy Suites, Britone is a 6,250 square foot land parcel comprising of 25 parking spaces.  The land was leased to Alpha Park Company on a 5-year lease, which was being operated as a public-pay parking lot. The sale was an off-market transaction.

Built in 2008, The Crossing at Fountain Creek is a 32,325 square foot Kohl’s and McDonald’s shadow anchored inline retail center, located in southern Colorado Springs, Colorado. NexGen acquired the bank-owned property, successfully stabilizing and leasing the vacant units to anchor tenants UC Health Urgent Care and The Shandy Clinic. The medical focused tenant base also included Quest Diagnostics and Four Seasons Dental Care. NexGen elected to realize its gains on the asset upon completion of its business plan.

Plaza West is located in St. Cloud, Minnesota, which is a stabilized 23,000 square foot multi-tenant inline retail center.  Included in the sale was a standalone outparcel Arby’s restaurant.  Positioned at one of the best intersections in town, Plaza West has long been known for its strong tenancy over the years, with very little tenant turnover.  Tenants include Miracle Ear, UPS Store, Curves, and Bravo Burritos.  This sale was an off market transaction.

As a limited partner, NexGen invested with a partner in a 15,000 square foot flex industrial warehouse in Phoenix, Arizona, which was occupied as a telecommunications office/data center.

As a limited partner, NexGen was involved in the development of a high-end luxury residence club located Scottsdale, Arizona, known as The Rocks Luxury Club (therocksclub.com). The Rocks consists of 40 Villa residences, which were sold in fractions. The community also contains a Clubhouse with adjacent Troon® golf course. The syndicated fund successfully sold 40 villas.

As a limited partner, NexGen invested in a ground up development located in the Providenciales of the Turks & Caicos Islands known as The Grace Bay Club (gracebayresorts.com), consisting of an existing five-star hotel, spa, and restaurant. NexGen was an investor in 38 Villa condominiums along the beachfront. Stemming from Grace Bay's success, NexGen rolled its profits into an additional expansion phase that is yet to be constructed.

For several years NexGen acquired single-family, townhome, and condominium lots, with the intent of selling lots to homebuilders. Throughout the Denver Front Range, NexGen owned over 300 lots in five different master planned communities, which were purchased through bankruptcy proceedings.  As part of the ownership responsibilities, NexGen had Declarant HOA rights.  NexGen successfully sold all of the inventory in Aurora, Castle Rock, Longmont, Thornton, and Commerce City.

As part of a 1031 exchange, NexGen acquired six retail drugstores that were a sale / leaseback to Walgreens Co. and CVS Drug Stores.  Stores purchased included Walgreens stores located in Boulder, CO and just outside of New York City, NY.  Three CVS Drug Store leasehold interests located in Chicago, IL and Orlando, FL were also acquired.  All six stores were new 25 year guaranteed NNN leases.

Acquired as a bank-owned asset, Riverbend Trail is a class B+ office condominium building located in a strong growth area of Fort Collins.  Built in 2008, the three story building comprises of 21,600 square feet, which was is divided into six condominium units. Additional land adjacent to the building is still being actively marketed.