EPPERSON INDUSTRIAL PARK

Transcription

1 EXCLUSIVE LISTING FUTURE INDUSTRIAL SITE ±1, ACRES SALT LAKE CITY, UT 3200 W 2100 N Future State Prison Site Haul Road SLC Road 4000 W Future Industrial Park ± 1, Acres Salt Lake City International Airport 215 UDOT Road North Temple St LDS Church Land 5600 W Amelia Earhart Dr 80 AB 172 Salt Lake City Airport Industrial Park 7200 W 6400 W 300 S 5700 W 150 S AB S 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 13 Northwest Quadrant Map Page 14 Wildlife Resources Map Page 15

3 PROPERTY OVERVIEW LOCATION The property is located west of I-215 and directly 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. PARCELS Parcel Acreage ± acres ± acres ±79.54 acres ±480 acres ±160 acres ±23.60 acres Total Acres ±1, 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. 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. 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. 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 SALT LAKE CITY 4Q16 MARKET OVERVIEW The Salt Lake City MSA saw a year of tremendous growth in population, jobs, construction and home sales. Many cities within the metro rank high on national lists for growth and opportunity, making Utah one of the most desirable and fastest growing states in the nation. The US Census Bureau's most recent report showed that Utah's population grew by 2.03% between July 2015 and July 2016, pushing population just past 3 million and making Utah the fastest growing state. 1 Using 15 years of demographic data, The American Cities Business Journals is predicting that Salt Lake City will reach a population milestone of 1.2 million by mid October A strong job market is drawing new residents to the area. According to the most recent numbers from the Bureau of Labor Statistics, the Salt Lake City area is the #2 metro in the country for job creation among major metropolitan areas, increasing by 3.4%, or 23,700 jobs. SLC was second only to Orlando, FL where job growth reached 4.2%. 3 Regionally, Provo-Orem saw even better job growth than SLC with a rate of 3.8%, Logan saw a growth rate of 3.1%, St. George was 3%, and Ogden-Clearfield grew by 2.9%. Statewide, Utah added over 40,000 jobs, up 2.8% - twice the 1.4% growth recorded nationally. 3 Forbes named Utah the #1 State for Business, for the third straight year in a row. Provo was ranked the #2 Best Place for Business & Careers, only behind Denver, CO. Salt Lake City came in at #7 and Ogden came in at #8 - making Utah the only state with more than one city in Forbes' Top Ten. 4 The Utah resale market experienced tight inventory and strong sales this year, pushing prices up significantly. Salt Lake County saw an annual median sales price increase of 6.5%, Davis County went up 8.7%, Utah County increased 8.1%, Wasatch County saw a 12.3% rise, and Summit County's median sales price grew the most over the year, up 18.6% from $596,000 to $675, The new home market proved to be very active in 2016 as well. The metro area started 10,788 total homes over the year, a 17% increase compared to Starts in 4Q16 were up an impressive 24% compared to 4Q15. Annual single family detached home starts increased 17% over the year and attached product starts were up 18%. 6 Annual new home closings increased by 15% over 2015 and 4th quarter closings were up by 8% over 4Q15. Single family detached closings were up 18% for the year and attached product closings were up 8%. 6 Builders are struggling to deliver new homes under $200,000 as they attempt to navigate the pressures of high land prices, lack of labor, and high demand. Starts under $200,000 dropped by 17% in The $200,000-$250,000 price range has increased by 15%, but 70% of the homes are attached product. The largest increase was seen in the $350,000- $400,000 and $500,000-$800,000 price ranges, which both increased by 35%. 6 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 - Annual New Home Starts and Closings - Single Family Residences 13,611 12,104 2Q05 4Q05 2Q06 4Q06 2Q07 4Q07 2Q08 4Q08 2Q09 4Q09 2Q10 4Q10 2Q11 4Q11 2Q12 4Q12 2Q13 4Q13 2Q14 4Q14 2Q15 4Q15 2Q16 4Q16 A nnual Starts A nnual C losings Source: M etrostudy The median price for a new single family detached home at the end of 4Q16 was $348,500, 3% higher than last year and 1% higher than 3Q16. Attached median home prices reached $233,000, 5% higher than 2015 and up 1.4% from 3Q16. 7,882 7,264 60K 50K 40K 30K 20K 10K 0K 30K 20K 10K 0K 10K 20K 30K 40K 8.0K 7.0K 6.0K 5.0K 4.0K 3.0K 2.0K 1.0K 0.0K Population Growth Total Population Source: US Census 10K 34K ,107 Population Growth & Total Population 1,316 1,882 2,141 5K Single Family & Multi-Family Permits 1,078 2,826 Job Growth 28K 20K 2,081 2,159 3,447 3,159 2,828 3,722 4,289 4, Single Family Multi Family Source: US Census 11K 4K 19K 24K 2.5M 2.0M 1.5M 1.0M Source: Bureau of Labor Statistics Sources: (1) Tony Semerad Utah growing faster than any other state The Salt Lake Tribune, Dec (2) G. Scott Thomas, Population milestones loom... Houston Business Journal, Jan (3) Lee Davidson & Matthew Piper, Salt Lake City ranked No The Salt Lake Tribune, Feb (4) Kurt Badenhausen The Best and Worst States... / The Best Places for Business and Careers Forbes.com Nov (5) Tiffany Bigelow, December 2016 Market Report NWAOR.com Jan (6) Eric Allen, Greater Salt Lake Executive Summary 4Q16 MetroStudy, January Table of Contents

8 REGIONAL MAP Zachary Hartman Foxboro North AB 67 North Salt Lake 89 Wasatch National Forest G r e a t S a l t L a k e Future State Prison Site Subject 80 Salt Lake City International Airport AB 154 AB 68 Davis County Salt Lake County 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 Foxboro 1100 N North 89 North Salt Lake AB 67 Center St 2600 S Dr Orchard E 400 Davis Blvd Ea g g e Dr G r e a t S a l t L a k e Future State Prison Site AB 68 Davis County Salt Lake County Wasatch National Forest Subject Salt Lake City International Airport 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 N Future State Prison Site 4000 W 1200 N Haul Road Subject 4200W Salt Lake City International Airport UDOT Road North Temple St W Crossbar 3700 W Rd 100 N 150 S K Miles u UTSL W 6400 W 700 S 5200 W AB 172 AB S 4400 W 500 S Gladiola St 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.

11 EPPERSON FUTURE INDUSTRIAL SITE Zach Hartman Future State Prison Site Future Industrial Park ± 1, Acres K Miles UTSL 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.

12 UTAH STATE PRISON SITE Zach Hartman Subject ± 583 Ac. Legend Epperson Ac. (total acres 2,249.66) Morehouse Ac. (total acres 434.4) K Miles UTSL 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.

13 FUTURE LAND USE MAP 13 Table of Contents

14 NORTHWEST QUADRANT MAP 14 Table of Contents

15 WILDLIFE RESOURCES MAP 15 Table of Contents