EPPERSON INDUSTRIAL PARK

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1 EXCLUSIVE LISTING FUTURE INDUSTRIAL SITE ±680 ACRES SALT LAKE CITY, UTAH 3300 N Subject acres 3200 W acres acres 2100 N acres Sold Future State Prison Site ± 325 Acres Haul Road Sold Morehouse Site ±72 acres SLC Road 4000 W SOLD Future Industrial Park ± 1,460 Acres UDOT Road LDS Church Land 5600 W Amelia Earhart Dr Salt Lake City Airport Industrial Park Salt Lake City International Airport W 80 AB 172 AB S North Temple St Zachary Hartman zhartman@landadvisors.com 6443 North Business Park Loop Road, Suite 12, Park City, Utah ph The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing this information to independently verify it. This package is subject to change, prior sale or complete withdrawal. UTSL

2 TABLE OF CONTENTS Property Overview Page 3 Property Photos Page 5 Utah Economy Page 7 Property Maps Page 8 Future Land Use Map Page 11 Northwest Quadrant Map Page 12 Wildlife Resources Map Page 13

3 PROPERTY OVERVIEW LOCATION The property is located west of I-215 and north of I-80 in Salt Lake City, UT. Minutes from downtown Salt Lake City, SLC International Airport, and Great Salt Lake makes this a major gateway to the city. SIZE ±680 acres ACCESS I-80 and Haul Road ZONING AG - Agriculture. The purpose of the AG agricultural district is to preserve and protect agricultural uses in suitable portions of Salt Lake City until these lands can be developed for the most appropriate use. According to the NW Quadrant Master Plan The Agricultural zoning is intended to act as a holding zone until final zoning is determined with the adoption of a master plan for the area. Natural Areas: areas that should remain free from development and intended to be maintained as native as possible, with very little human intrusion. The primary purpose of this area is for habitat preservation, to sustain biodiversity, and protect the sensitive lands along the shores of the Great Salt Lake, wetlands, playas, etc. This land is mostly below the 4,217 elevation, which is 5 feet above the historic measured high water line of the Great Salt Lake. TOPOGRAPHY Flat Land NORTHWEST QUADRANT MASTER PLAN The master plan for the Northwest Quadrant community will guide new development, land use activities and zoning decisions. For more informatio, click here DEMOGRAPHICS & BUSINESS The site is located in one of the City s key employment areas. Between the SLC Int l Airport and the International Center 60,000 jobs exist in the immediate area. 25 year projections estimate an addition of 251,000 new jobs in Salt Lake County. LAND USE Light Industrial. Light industrial Areas: areas include uses that produce little or no pollution but require a lot of land. Uses such as warehousing, manufacturing, food production, assembly, and other similar uses are commonly found in the light industrial areas. Uses that require outdoor storage of new, clean materials are generally acceptable. Light industrial areas also include support services, such as restaurants, limited retail, fuel centers, and other uses necessary to support the light industrial uses. 3 Table of Contents

4 PROPERTY OVERVIEW ROADWAYS & TRANSIT Proximity to I-80, I-215, heavy rail lines, I-15, and SLC International Airport makes this the best connected location in the state for manufacturing and industrial development. Utah Transit Authority (UTA)- five bus routes in the area Rail Facility RAX routes, Airport Light Rail extended to provide transit options for employees Heavy Rail Lines- Union Pacific main line, short line railroad, intermodal rail transfer I-80- regional access that is designed to handle large trucks Roadway Segment AADT I-80 Bangerter Hwy to Wright Brothers Drive 54,045 I-80 West of 5600 West 26,885 Bangerter Hwy SR-201 to I-80 32,700 SR-201 Bangerter Hwy to 5600 West 66, West Bangerter Hwy to I-80 19,565 Amelia Earhart Entire Corridor 1, West North of I-80 3, South Bangerter Hwy to 5600 West 1,545 California Avenue Bangerter Hwy to 5600 West 7,775 SURROUDNING AREAS Large Lot sizes and major redevelopment program create use for industrial / warehouse in the area. SLC International Airport-The airfield consists of three air carrier runways and a general aviation runway. Undergoing a major terminal redevelopment program to be completed in 2023 International Business Center Prison Relocation- will bring infrastructure to the area North Temple Landfill- has been discontinued and accepted into the voluntary cleanup program Through UT Department of Environmental Quality Division of Environmental Response and Remediation 4 Table of Contents

5 PROPERTY PHOTOS 5 Table of Contents

6 PROPERTY PHOTOS 6 Table of Contents

7 NEW HOUSING TRENDS 1 The fourth quarter of 2017 brought another stellar housing year to a close in the Greater Salt Lake area. An unusually warm winter allowed for a greater volume of construction than usual, bringing quarterly new home starts and closings both up over twenty percent compared to 4Q16. According to MetroStudy's most recent survey, quarterly starts for all housing types grew by 28% year-over-year to 3,599 and new home closings grew by 21% to 3,067. Looking at 2017 annual totals (all product types), starts were counted at 12,472, a 17% increase over 2016, and builders closed 11,049 homes, a 13% increase. Annual starts for single family homes grew by 8%, totaling 8,433; closings increased by 7% to 7,729. MARKET REPORT UTAH MARKET REPORT 4Q17 CLICK HERE TO VIEW THE FULL REPORT NEW HOME STARTS NEW HOME CLOSINGS 21% 4th Quarter ,812 4th Quarter ,599 MEDIAN SINGLE FAMILY NEW HOME PRICE December 2016 $352,692 December 2017 $366,800 4th Quarter ,535 4th Quarter ,067 28% 4% MetroStudy notes that affordability remains a concern throughout Greater Salt Lake; new home starts above $350,000 increased by 25% compared to last year, accounting for a 44% market share. Additionally, the median single-family new home price increased by 4% annually to $366,800. Median prices for attached product increased 8% over the year to $250,500. Although the warm winter allowed for continued construction, inventory remains exceptionally low at 0.9 months supply. There are currently 599 finished vacant homes on the ground, a 27% increase over last year and 19% more than 3Q17. Single family homes under construction are up 16% over the year, a 6.4 months supply, as builders continue attempting to fulfill buyer demand. ECONOMIC TRENDS 3 UNEMPLOYMENT RATE SLC MSA December 2016 December % TOTAL NONFARM EMPLOYMENT SLC MSA % +2.1% 2.7% December 2016 December EMPLOYMENT GROWTH 3.2% (in thousands) 1,449.4 UTAH December 2016 December % UTAH +2.6% 3.1% December 2016 December ,487.3 The Greater Salt Lake market ended 2017 with continued housing, employment, and economic growth, making it one of the healthiest metros in the nation. In November, Forbes named Utah No. 3 on its annual "Best States For Business" list. 4 MetroStudy notes that 2017 marked the 8 th consecutive year for job growth throughout Greater Salt Lake. Although employment growth slowed in 2017, businesses are attributing it to a lack of qualified workers. The BLS reports that the metro added 31,500 new jobs throughout the year, and although that figure is down from 46,900 in 2016, the market remains very healthy. 1 Forbes also announced recently that owning SLC MSA UTAH a home in Utah County is one of the best Annualized Employment Change Annualized Employment Change investments you can make. The Provo-Orem area was named the second best place in the 3.4% 3.4% U.S. to invest in housing. The study analyzed metrics such as job growth, population growth, home price growth, and affordability. With an average home price of around $266,000, one-year home price growth of 10%, a three-year population growth of 7.2%, and a two-year job growth of 6.7%, the article states that Provo-Orem has a three-year home price growth forecast of 31%. 5 The Milken Institute's list of the 200 Best Performing Large Cities named Provo-Orem number one on the list for The Institute cites a "stellar performance across all nine indicators" and high-tech growth has fueled a wide range of employment opportunities across the area. Neighboring Salt Lake City moved up from 11th last year to 10th this year. Provo-Orem has only placed outside the Top 25 once since 2008 and has held a place within the Top 3 in the last five editions. 6 Single Family & Multi-Family Permits Annual Starts vs Closings - Single Family Detached Employment Growth* Population Growth & Total Population 8.0K 7.0K 6.0K 5.0K 4.0K 3.0K 2.0K 1.0K 0.0K 4,289 3,084 2,828 2,081 2,159 1,078 1,316 1,107 4,926 3,447 3,722 4,211 2,826 3,159 1,882 2, ,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000-12,104 13,611 8,433 7,729 2Q05 4Q05 2Q06 4Q06 2Q07 4Q07 2Q08 4Q08 2Q09 4Q09 2Q10 4Q10 2Q11 4Q11 2Q12 4Q12 2Q13 4Q13 2Q14 4Q14 2Q15 4Q15 2Q16 4Q16 2Q17 4Q17 40K 30K 20K 10K 0K -10K -20K -30K -40K 18K 22K 22K 24K 18K 14K 3K 3K -19K -26K K 50K 40K 30K 20K 10K 0K M 2.0M 1.5M 1.0M Single Family Multi-Family Source: US Census Annual Starts Annual Closings Source: MetroStudy Source: Bureau of Labor Statistics Population Growth Total Population Source: US Census Sources: (1) Greater Salt Lake Executive Summary, Fourth Quarter 2017, MetroStudy (2) Salt Lake Board of Realtors, Housing Statistics December 2017 (3) Bureau of Labor Statistics (4) Best States for Business Forbes (5) Stacy Johnson, Forbes names Provo-Orem area second best place in US to invest in housing The Daily Herald, Feb 5, 2018 (6) 200 Best Large Cities 2017 Milken Institute Best-Performing Cities 7 Table of Contents

8 REGIONAL MAP Zachary Hartman Subject Foxboro North AB 67 North Salt Lake 89 Wasatch National Forest Davis County Salt Lake County G r e a t S a l t L a k e Future State Prison Site 80 Salt Lake City International Airport AB 154 AB 68 AB 268 Salt Lake City Red Butte Canyon AB 65 AB 202 AB 171 AB 201 AB 15 AB West Valley City 215 City Center RDA South Salt Lake AB 171 Mount Aire Legend Projects Active Conceptual Non-Residential K Miles u UTSL AB 266 Taylorsville Murray AB 173 AB 152 AB South Valley Regional Airport Jordan AB 48 Landing West Midvale AB 71 Jordan Three Forks Subdivision AB 154 AB 68 Phase 7 AB 111 AB 209 Holladay Cottonwood Heights AB 210 Mount Olympus Wilderness NWA AB 190 Twin Peaks Wilderness NWA Twin Peaks While the Land Advisors Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission The Land Advisors Organization. All rights reserved.

9 dleri SURROUNDING DEVELOPMENT MAP Zachary Hartman Bountiful Antelope Island State Park Farmington Bay State Wildlife Area Woods Cross 1800 S Subject Foxboro 1100 N North 89 North Salt Lake AB 67 Center St Ea g 2600 S Dr Orchard g e Dr E 400 Davis Blvd G r e a t S a l t L a k e Future State Prison Site Salt Lake City International Airport 215 AB 68 Davis County Salt Lake County Wasatch National Forest 700 N 600 N 15 AB 268 AB 186 Legend Projects Active K Miles u UTSL AB Lee Kay State Wildlife Center AB 172 AB W North Temple St California Ave 900 W Salt Lake City AB 269 AB W South Salt Lake 80 AB S While the Land Advisors Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission The Land Advisors Organization. All rights reserved.

10 SLC Road 4325 W SURROUNDING AMENITIES MAP Zachary Hartman Subject 2100 N Future State Prison Site 4000 W 1200 N Haul Road 4200W Salt Lake City International Airport UDOT Road North Temple St 4200 W Crossbar 3700 W Rd 100 N 80 AB 154 K Miles u UTSL W While the Land Advisors Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission The Land Advisors Organization. All rights reserved. 150 S 500 S

11 FUTURE LAND USE MAP 11 Table of Contents

12 NORTHWEST QUADRANT MAP 12 Table of Contents

13 WILDLIFE RESOURCES MAP 13 Table of Contents