offering memorandum tooele light industrial land · kw commercial 2121 s. mcclelland street, #201...

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KW COMMERCIAL 2121 S. McClelland Street, #201 Salt Lake City, UT 84106 BOYD BROWN Broker 0 801.326.8886 [email protected] Tooele Light Industrial Land OFFERING MEMORANDUM PRESENTED BY: TOOELE, UT OFFERING MEMORANDUM

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Page 1: OFFERING MEMORANDUM Tooele Light Industrial Land · KW COMMERCIAL 2121 S. McClelland Street, #201 Salt Lake City, UT 84106 BOYD BROWN Broker 0 801.326.8886 boyd@kw.com Tooele Light

KW COMMERCIAL2121 S. McClelland Street,#201Salt Lake City, UT 84106

BOYD BROWNBroker0 [email protected]

Tooele Light Industrial Land

OFFERING MEMORANDUM

PRESENTED BY:

TOOELE, UT

OFFERING MEMORANDUM

Page 2: OFFERING MEMORANDUM Tooele Light Industrial Land · KW COMMERCIAL 2121 S. McClelland Street, #201 Salt Lake City, UT 84106 BOYD BROWN Broker 0 801.326.8886 boyd@kw.com Tooele Light

www.kwcommercial.com 2

KW COMMERCIAL2121 S. McClelland Street,#201Salt Lake City, UT 84106

Confidentiality & Disclaimer

BOYD BROWNBroker0 [email protected]

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third partysources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance orlack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projectedfinancial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as toaccuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine theseand other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for aparty unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspectionsand investigations including through appropriate third party independent professionals selected by such party. All financial data should beverified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financialdata or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by theparty with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by Keller Williams Salt Lake City in compliance with allapplicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty orrepresentation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, orwithdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance ofthe property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

TOOELE, UT

Page 3: OFFERING MEMORANDUM Tooele Light Industrial Land · KW COMMERCIAL 2121 S. McClelland Street, #201 Salt Lake City, UT 84106 BOYD BROWN Broker 0 801.326.8886 boyd@kw.com Tooele Light

www.kwcommercial.com 3

PROPERTY INFORMATION

1 | PROPERTY INFORMATION

PROPERTY DESCRIPTION

COMPLETE HIGHLIGHTS

PERMITTED USES

1PROPERTY INFORMATIONTOOELE LIGHT INDUSTRIAL LAND

OFFERING MEMORANDUM

Page 4: OFFERING MEMORANDUM Tooele Light Industrial Land · KW COMMERCIAL 2121 S. McClelland Street, #201 Salt Lake City, UT 84106 BOYD BROWN Broker 0 801.326.8886 boyd@kw.com Tooele Light

PROPERTY OVERVIEWPrime Light Industrial land in Tooele. Located to the West ofRancho Tooele Subdivision. Just south of new USU TooeleCampus. New Proposed major highway Tooele Mid-valleyHighway which will route traffic through Tooele from I-80 toHwy 36. Alignment of this highway to cut across the mostSouth West portion of property. Currently zoned LightIndustrial with a possible rezone to Research andDevelopment. This gives a wide range of permitted andconditional uses including convenience stores with gasstation, restaurants, retail sales, business offices and more.

LOCATION OVERVIEWLocated Directly West of Rancho Tooele Subdivisionincluding new school and LDS Church.

UTAH STATE UNIVERSITYCurrently in Planning to the North is the new Utah StateUniversity Campus.

TOOELE MID-VALLEY HIGHWAYNew proposed major highway alignment outlined in pink inpicture to the right.

DUE DILIGENCE ITEMS AVAILABLEPhase 1 Environmental Study completed. Survey completedand recorded in 2007 with contours.

Property Description

TOOELE LIGHT INDUSTRIAL LAND 1 | PROPERTY INFORMATION

Each Office Independently Owned and Operated kwcommercial.com 4

Page 5: OFFERING MEMORANDUM Tooele Light Industrial Land · KW COMMERCIAL 2121 S. McClelland Street, #201 Salt Lake City, UT 84106 BOYD BROWN Broker 0 801.326.8886 boyd@kw.com Tooele Light

Complete Highlights

TOOELE LIGHT INDUSTRIAL LAND 1 | PROPERTY INFORMATION

PROPERTY HIGHLIGHTS

• City about to start new Master Plan for this area. Buy nowand give your input.

• New Mid-valley Highway proposed to cross property

• Utah State University development to the north

• Close to an elementary school and a new park.

• Adjacent to the new Rancho Tooele Subdivision on theeast.

• Light Industrial/Research and Development Park to thenorth and west sides.

• Neighboring subdivision road and utilities come to eastside of this property.

• Zoned Light Industrial with Master Overlay to rezoneResearch & Development.

• Additional 16 Acre Parcel is adjacent to Railroad forpossible spur.

Each Office Independently Owned and Operated kwcommercial.com 5

Page 6: OFFERING MEMORANDUM Tooele Light Industrial Land · KW COMMERCIAL 2121 S. McClelland Street, #201 Salt Lake City, UT 84106 BOYD BROWN Broker 0 801.326.8886 boyd@kw.com Tooele Light

Each Office Independently Owned and Operated kwcommercial.com 6

Permitted Uses

TOOELE LIGHT INDUSTRIAL LAND 1 | PROPERTY INFORMATION

Page 7: OFFERING MEMORANDUM Tooele Light Industrial Land · KW COMMERCIAL 2121 S. McClelland Street, #201 Salt Lake City, UT 84106 BOYD BROWN Broker 0 801.326.8886 boyd@kw.com Tooele Light

LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

LOCATION MAPS

AERIAL MAP

2LOCATION INFORMATIONTOOELE LIGHT INDUSTRIAL LAND

OFFERING MEMORANDUM

Page 8: OFFERING MEMORANDUM Tooele Light Industrial Land · KW COMMERCIAL 2121 S. McClelland Street, #201 Salt Lake City, UT 84106 BOYD BROWN Broker 0 801.326.8886 boyd@kw.com Tooele Light

1200 S 1050 W

Regional Map

TOOELE LIGHT INDUSTRIAL LAND 2 | LOCATION INFORMATION

Each Office Independently Owned and Operated kwcommercial.com 8

Page 9: OFFERING MEMORANDUM Tooele Light Industrial Land · KW COMMERCIAL 2121 S. McClelland Street, #201 Salt Lake City, UT 84106 BOYD BROWN Broker 0 801.326.8886 boyd@kw.com Tooele Light

Each Office Independently Owned and Operated kwcommercial.com 9

Location Maps

TOOELE LIGHT INDUSTRIAL LAND 2 | LOCATION INFORMATION

Page 10: OFFERING MEMORANDUM Tooele Light Industrial Land · KW COMMERCIAL 2121 S. McClelland Street, #201 Salt Lake City, UT 84106 BOYD BROWN Broker 0 801.326.8886 boyd@kw.com Tooele Light

Aerial Map

TOOELE LIGHT INDUSTRIAL LAND 2 | LOCATION INFORMATION

Each Office Independently Owned and Operated kwcommercial.com 10

Page 11: OFFERING MEMORANDUM Tooele Light Industrial Land · KW COMMERCIAL 2121 S. McClelland Street, #201 Salt Lake City, UT 84106 BOYD BROWN Broker 0 801.326.8886 boyd@kw.com Tooele Light

DEMOGRAPHICS

3 | DEMOGRAPHICS

DEMOGRAPHICS MAP

3DEMOGRAPHICSTOOELE LIGHT INDUSTRIAL LAND

OFFERING MEMORANDUM

Page 12: OFFERING MEMORANDUM Tooele Light Industrial Land · KW COMMERCIAL 2121 S. McClelland Street, #201 Salt Lake City, UT 84106 BOYD BROWN Broker 0 801.326.8886 boyd@kw.com Tooele Light

Each Office Independently Owned and Operated kwcommercial.com 12

* Demographic data derived from 2010 US Census

Demographics Map

TOOELE LIGHT INDUSTRIAL LAND 3 | DEMOGRAPHICS

POPULATION 1 MILE 3 MILES 5 MILES

TOTAL POPULATION 3,599 17,457 37,562

MEDIAN AGE 29.6 30.0 29.3

MEDIAN AGE (MALE) 28.1 29.5 29.6

MEDIAN AGE (FEMALE) 31.8 31.0 29.2

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

TOTAL HOUSEHOLDS 1,268 6,186 12,888

# OF PERSONS PER HH 2.8 2.8 2.9

AVERAGE HH INCOME $59,303 $58,528 $62,065

AVERAGE HOUSE VALUE $159,791 $163,773 $179,856