1900 West 5600 South Roy, UT

Size: px

Start display at page:

Download "1900 West 5600 South Roy, UT"

Merryl Debra Logan
5 years ago
Views:

1 1900 West 5600 outh Roy, U Muti-enant Property Information > For ale: 39,516 F > $5,000,000 ($4,500,000 w/o the pad) > 7.03% on actual based off the $4.5M price 8.40% proforma w/o pad 8.76% proforma w/pad > Hard ignalized Corner / Great Visibility > Located along freeway accessible 5600 > raffic Counts: 1900 West: 37,025 AD 5600 outh: 31,255 AD Preston Miller preston@pentadrh.com pencer Greer spencer@pentadrh.com (Leasing)

Utah was ranked 3rd for commercial real estate investment in the PricewaterhouseCoopers and Urban Land Institute Emerging rends in Real Estate for 2018 poll.

Reporting plenty of job growth, large supply of young workers, and the cost of doing business in alt Lake City is 12 percent below the national average.

2 Utah was ranked 3rd for commercial real estate investment in the PricewaterhouseCoopers and Urban Land Institute Emerging rends in Real Estate for 2018 poll. his is a big deal considering alt Lake City isn t a major city like eattle (No. 1) or Austin (No. 2). Reporting plenty of job growth, large supply of young workers, and the cost of doing business in alt Lake City is 12 percent below the national average. In other words, alt Lake City has been discovered by out-of-state investors. -alt Lake City Weekly 01/03/2018 VACAN 10,150 F Preston Miller preston@pentadrh.com pencer Greer spencer@pentadrh.com (Leasing)

Muti-enant 1900 West 5600 outh Roy, U We b e r 204 W 1200 12th t IE 126 108 Ogden outh Ogden 97 en C 89 E 900 Cache Cache National National Forest Forest 167 Roy 37 Harrison Bl v d 134 Ogd E 100 E

3 Muti-enant 1900 West 5600 outh Roy, U We b e r 204 W th t IE Ogden outh Ogden 97 en C 89 E 900 Cache Cache National National Forest Forest 167 Roy 37 Harrison Bl v d 134 Ogd E 100 E 200 U-39 yon Rd an 203 ^ _ 60 I -8 4 W N I-1 Layton U-89 4E I- 1 Gre at al t La ke 84 I- 8 Clearfield 5 Mo r g a n D a v is Kaysville 15 U -8 9 N Farmington Antelope Antelope Island Island tate tate Park Park Antelop e Island Distance and ime Between Roy and alt Lake 32 Miles 31 Minutes Centerville 106 Bountiful Wasatch Wasatch National National Forest Forest alt Lake International Airport Miles 173 Ba ngerte r Hw y Weber, Davis, alt Lake Counties tate t 171 Millcreek 266 aylorsville Holladay Murray 89 I E I -215 W I I N Canyon Rim Dr outh alt Lake E I -8 il l Magna o o e l e U -201 E 71 o th U-201 W W Fo U I- E 0 I U W a lt Lake E alt alt Lake Lake City City 65

ROY Roy is a city in Weber County, Utah, United tates, along Interstate 15. It is part of the Ogden Clearfield, Utah Metropolitan tatistical Area. Roy is entirely encompassed by Weber chool District.

Utah has the fourth highest percentage of high school graduates and the 11th highest percentage of college graduates in the nation. oday, Roy has many types of businesses and services.

4 ROY Roy is a city in Weber County, Utah, United tates, along Interstate 15. It is part of the Ogden Clearfield, Utah Metropolitan tatistical Area. Roy is entirely encompassed by Weber chool District. here are 6 elementary schools, 2 junior highs, and 1 high school. Our workforce is younger than the national average and better educated! Utah has the fourth highest percentage of high school graduates and the 11th highest percentage of college graduates in the nation. oday, Roy has many types of businesses and services. Roy was designated as Weber County s Fastest Growing City, with a population of 24,603 in 1990 and 36,884 in 2010 census. here are sewer, gas, and electrical systems and three water systems: a canal, a culinary water system, and a secondary water system. A large museum containing Roy memorabilia was built in Hill Airforce Base, located within 1/2 mile from the west gate, has a total of 25,500 personnel (including military and civilians). he base has a total payroll of 1.38 billion and also creates 30,000 indirect jobs. Demographics Population 1 Mile 3 Mile 5 Mile 2017 Estimated Population 10,688 87, , Projected Population 11,167 91, ,083 Households 1 Mile 3 Mile 5 Mile 2017 Estimated Househ 3,875 28,541 60, Projected Households 4,047 29,824 64, Est. Average HH Income $66,418 $73,326 $73, Est. Median HH Income $54,432 $62,064 $59, Est. Per Capita Income $24,485 $24,005 $24,309

AVAILABLE Highlights > $5,000,000 ($4,500,000 without the pad) > 7.

vacant pace > Planet Fitness Rent Increase of $1.00 psf in 2020 and $.

Airforce Base Available 10,150 F ANGELA MOKEHOP NAIL & PA Future

5 AVAILABLE Highlights > $5,000,000 ($4,500,000 without the pad) > 7.03% Cap Rate based off $4.5 M purchase price > 8.40% Cap Rate (Proforma w/o pad) > 8.76% Cap Rate (Proforma w/pad) > Value Creation Opportunity with vacant pace > Planet Fitness Rent Increase of $1.00 psf in 2020 and $.50 increase in 2022 > ignalized Hard Corner > Proximity to Hill Airforce Base Available 10,150 F ANGELA MOKEHOP NAIL & PA Future Parking Future PAD Up to 3,000 F Preston Miller preston@pentadrh.com pencer Greer spencer@pentadrh.com (Leasing)

6 ENAN Planet Fitness is based in Hampton, New Hampshire and has more than 1,400 clubs. hey are one of the largest and fastest-growing franchisors and operators of fitness centers in the United tates by number of members and locations, with a highly recognized national brand. Bright, clean locations are typically 20,000 square feet, with a large selection of high-quality, purple and yellow Planet Fitness-branded cardio, circuit- and weight-training equipment and friendly staff trainers...bought back?? lease amendment... Panda Express is a fast casual restaurant chain which serves American Chinese cuisine. hey have over 2000 locations and over 20,000 employees around the world. It is the largest Asian segment restaurant chain in the United tates, where it was founded and is mainly located. Bringing people together to share joy has been their family s inspiration since opening the first Panda Express in 1983 in Glendale, California. Check n Go was founded with one purpose in mind: provide financial solutions to the problems ignored by traditional lenders, such as banks. As a payday loan company and lender, they ve been in operation for almost 20 years. hey opened our doors in 1994 and still receive a majority of business from payday loans, installment loans, and check cashing services. Nearly two decades later, Check n Go remains an innovative payday loan lender. Cricket Wireless is an American prepaid wireless service provider in the United tates. Cricket Wireless is a wholly owned subsidiary of A& Inc. that offers mobile voice, text, and data. Cricket Wireless was founded in 1999 by Leap Wireless International, Inc. On July 12, 2013, A& Inc. agreed to acquire Cricket s parent company Leap Wireless International for $1.2 billion. ANGELA MOKE HOP Angela s moke hop is conviently located and takes pride in their 4.4 star cutomer rating on Google. heir friendly staff is knoledgable about their wide array of products. NAIL & PA Nails & pa offers many different treatments including; speciality manicures and pedicures. heir delux pedicure features a sugar scrub, paraffin wax treatment, and a hot stone leg massage. Preston Miller preston@pentadrh.com pencer Greer spencer@pentadrh.com (Leasing)

7 NO A PAR Future Parking NO A PAR Future PAD 98,865 AD

8 UAH INVEMEN COMP Name & Address IZE NOI CAP RAE OLD PRICE PRICE/F ALE DAE YR. BUIL yracuse own Center 840 West North emple, yracuse 9,970 $144, % $2,120,000 $ /20/ North emple trip Center 1588 outh 2000 West, LC 11,370 $127, % $1,875,000 $ /29/ Redwood Road Complex 1824 West 9000 outh West Jordan 10,280 $172, % $2,500,000 $ /15/ UBJEC PROPERY 1946 West 5600 outh, Roy 39,716 $316, % $5,000,000 $ Available aratoga trip Center 1458 N. Commerce Dr., aratoga prings 14,000 $215, % $2,945,000 $ /24/ Riverton Retail Plaza 177 East 900 outh, LC 14,514 $125, % $1,700,000 $ /10/ Legacy Plaza 631 North 1200 West, Orem Utah 13,840 $142, % $1,915,000 $ /2/ H&R Block Building 791 outh Main treet, Pleasant Grove 14,480 $137, % $1,725,000 $ /19/ Dollar ree trip 2514 West outh, Riverton 14,836 $220, % $2,934,000 $ /14/ Dollar ree trip H&R Block Building Legacy Plaza Riverton Retail Plaza aratoga trip Center ubject Property Redwood Road Complex North emple trip Center yracuse own Center 8.37% 7.96% 7.45% 7.40% 7.33% 7.03% 6.89% 6.81% 6.80%

9 Projected Income & Expense Proforma Without Purchasing the Pad 2018 Gross Potential Rent 418,427 General Vacancy/Credit Loss (20,921) otal Rent Revenue 397,505 Expense Reimbursement 97,000 Effective Gross Income 494,505 otal Expenses 97,000 Net Operating Income 397,505

10 REN ROLL enant pace q Ft % of otal Current Monthly $/q Ft Lease Escalations/ # q Ft Rate Rent Expiration Options MOKE HOP M - 1 1, % $24,192 $2, $16.35 Jan YR EX. A $18.05 PF NAIL ALON M - 2 1, % $26,330 $2, $16.56 Jan 2020 None PANDA EXPRE, INC. M - 3 2, % $46,200 $3, $22.00 mtm ENAN I CURRENLY MONH O MONH CRICKE WIRELE M - 4 1, % $27,311 $2, $17.22 Mar YR EX. A $18.05 PF W/ ANNUAL INCREAE 2% CHECK N GO OF UAH. INC. M - 5 1, % $33,894 $2, $23.60 ept 2018 None AVAILABLE M , % $101,500 $8, $ Proforma PLANE FINE M , % $159,000 $13, $7.50 ept YR EX. OPION, $8.50 FIR 2 YR, $9.00 LA 3 YR otal: 39, % $418,427 $34, $16.18 Ave.

11 ummary Price Adjust for Vacancy & Leasing Expense Value Gross Potential Rent 418,427 General Vacancy/Credit Loss 5% (20,921) otal Rent Revenue 397,505 Expense Reimbursement Revenue 97,000 Effective Gross Income 494,505 Less Expenses 97,000 Net Operating Income 397,505 tepped-up basis due to leasing costs $203,000 for I s and commissions Proforma Cap Rate: 8.40% $4,733,000 Purchase Price with out the pad: $4,500,000 Cap Rate on Actual: 7% Cap Rate on Proforma (filling 10k F): 8.4% Pad Purchase: ($19.13 psf based off.60 acres) $500,000 otal Purchase Price together: $5,000,000 Cap Rate on Proforma (filling 10k F & new pad): 8.76% Call for More Details

Why You hould Invest in Utah AAA 1 of 13 tates Awarded a AAA Credit Rating (tandard & Poor s, 2014-2017) Goldman achs investment bank hired about 2,000

. #2 in Labor upply (Forbes, 2017) Unemployment Is econd Lowest In Nation (Dept.

12 Why You hould Invest in Utah AAA 1 of 13 tates Awarded a AAA Credit Rating (tandard & Poor s, ) Goldman achs investment bank hired about 2,000 new workers, with Utah staking a claim as he Wall treet of the West. (U..News) U.. #2 in Labor upply (Forbes, 2017) Unemployment Is econd Lowest In Nation (Dept. Of Workforce ervices) #3 America s Best tate for Business (CNBC, 2017) Labor Market Ranked op 10 (Forbes, 2017) Globally Ranked alt Lake City Ranked on of the 15 Best Cities o Do Business Globally (Fortune) Preston Miller preston@pentadrh.com pencer Greer spencer@pentadrh.com

Life Is Elevated In alt Lake City 5 NAIONAL PARK 43

HE HEALHIE MERO AREA (ALANIC CIIE MAGAZINE) OVER 9

ADVENURE) AL LAKE RANKED BE PLACE O LIVE PARK CIY

AE (U NEW, 2018) #1 AE FOR FUURE LIVABILIY (GALLUP

13 Life Is Elevated In alt Lake City 5 NAIONAL PARK 43 AE PARK 14 WORLD-CLA KI REOR AL LAKE RANKED ONE OF HE HEALHIE MERO AREA (ALANIC CIIE MAGAZINE) OVER 9 MILLION ACRE OF NAIONAL FORE UAH HA 6H LOWE CRIME RAE IN HE U.. #1 HIKING CIY (AL LAKE CIY) (NAIONAL GEOGRAPHIC ADVENURE) AL LAKE RANKED BE PLACE O LIVE PARK CIY RANKED BE OWN EVER (OUIDE MAGAZINE) 2ND MO LIVABLE AE (U NEW, 2018) #1 AE FOR FUURE LIVABILIY (GALLUP WELLBEING) Preston Miller preston@pentadrh.com pencer Greer spencer@pentadrh.com

Tooele Retail Investment

Tooele Retail Investment Investment Green Burrito Local Mexican Food Property Information > 3 Tenant Retail Investment > 17,000 Square Feet > 100% Occupied > Built In 2009 > Land Size: 1.224 Acres > General Commercial Zonning