PARK EAST BUILDING A...PARK EAST 1200 LORI LANE I KAMAS, UTAH PARK EAST BUILDING A A Business...
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PARK EAST 1200 LORI LANE I KAMAS, UTAH PARK EAST BUILDING A A Business Community Building “A” is now for sale! This is a unique live / work opportunity with, commercial, office, and a loft apartment available. Park East is a great location for all types of commerce. The project offers phenomenal visibility from Highway 248 and is located just minutes from Park City, Kimball Junction, Heber Valley, and Kamas Valley. BUILDING A • 6 COMMERCIAL SPACES • 6 OFFICE SPACES • 6 APARTMENTS FOR SALE | $6,600,000 COMMERCIAL
Transcript of PARK EAST BUILDING A...PARK EAST 1200 LORI LANE I KAMAS, UTAH PARK EAST BUILDING A A Business...
PARK EAST 1200 LORI LANE I KAMAS, UTAH
PARK EAST BUILDING AA Business Community
Building “A” is now for sale! This is a unique live / work opportunity with, commercial, office, and a loft apartment available. Park East is a great location for all types of commerce. The project offers phenomenal visibility from Highway 248 and is located just minutes from Park City, Kimball Junction, Heber Valley, and Kamas Valley.
BUILDING A • 6 COMMERCIAL SPACES • 6 OFFICE SPACES • 6 APARTMENTS
FOR SALE | $6,600,000
C O M M E R C I A L
JOHN [email protected]
JILL [email protected]
EXCLUSIVELY MARKETED BY:
PARK EASTA BUSINESS COMMUNITY1200 LORI LANEHEBER CITY, UTAH 84032
SIX COMMERCIAL SPACES
• Ground level space with 2,100 Square Feet• Distribution / Warehouse / Maxi-storage / Office• Destination Retail• 14 foot overhead doors• 9 to 20 foot ceilings• Gas Heating• 200-3 phase electrical power• Restrooms• Floor drains
SIX OFFICE SPACES
• Second Level 1,000 Square Feet• Open Floor Plan• Carpeted• Kitchenette with Refrigerator & Granite Countertops• 3/4 Restroom With Shower• Jujitsu Ductless HVAC
SIX APARTMENTS
• 912 Square Feet• One Bedroom• Full Kitchen• Washer/Dryer• Full Bath• Hardwood Floors• Granite Countertops• Jujitsu Ductless HVAC
JOHN TRAVIS 435.640.2972 | [email protected]
PROPERTY DETAILSPARK EAST 1200 LORI LANE I KAMAS, UTAH
WWW.JOHNTRAVIS.BHHSUTAH.COM
PARK EAST1200 LORI LANE I HEBER CITY I UTAH I 84032
376 East 400 South, Suite 120 l Salt Lake City, Utah 84111 l 801.578.5555 l www.ngacres.com
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FLOOR PLANS
FIRST FLOORCOMMERCIAL / INDUSTRIAL SPACE
SECOND FLOOROFFICE SPACE
MEZZANINE LEVELAPARTMENTFIRST FLOOR
COMMERCIAL/INDUSTRIAL SPACESECOND FLOOROFFICE SPACE
MEZZANINE LEVELAPARTMENT
FLOOR PLANSPARK EAST 1200 LORI LANE I KAMAS, UTAH
JOHN TRAVIS 435.640.2972 | [email protected] WWW.JOHNTRAVIS.BHHSUTAH.COM
LOCATIONPARK EAST 1200 LORI LANE I KAMAS, UTAH
JOHN TRAVIS 435.640.2972 | [email protected]
HIDEOUTDEER VALLEY RESORT
PARK CITY MOUNTAIN
JORDANELLE RESERVOIRMAYFLOWER
KIMBALL JUNCTION
HEBER CITY | MIDWAY
KAMAS
SILVER CREEK JCT
PARK CITY
CANYONS VILLAGE
• HIDEOUT CANYON• KLAIM• SOARING HAWK
• SKYRIDGE
• ST REGIS• STEIN ERIKSEN RESIDENCES• NAKOMA
• KING’S CROWN
• APEX• LIFT• VIRIDIAN• PENDRY• YOTEL PAD• FAIRWAY SPRINGS• JUNIPER LANDING
• THE COLONY
EMPIRE PASS
• TUHAYE
PARK EAST
WWW.JOHNTRAVIS.BHHSUTAH.COM
MICROSITE.COM
PARK EAST 2020 RENT ROLL Unit Tenant Rent Comm Termination Rate Change Beginning Rent Yr 2 Rent Yr 3 Rent CAM 2020 CAM 2021 CAM Yr 3 Total Yr 1 Total Yr 2
1 Frank Sheets 1/1/19 12/31/22 1/1/19 $3,825.00 $3,825.00 $3,825.00 $675.00 $749.00 $4,501.002nd Floor Vacant Pro-Forma $1,500.00 $1,500.00 $1,600.00 $343.33 $356.67Erik Bergerud 7/1/18 7/31/21 7/1/20 $1,255.00 $1,255.00 $1,260.00 $270.01 $270.01 $1,520.00 $1,520.00
2 Sein and Co 10/1/18 9/30/21 10/1/20 $2,800.00 $2,856.00 $2,913.12 $720.00 $749.00 $3,520.00 $3,605.00Good Skin Again 9/1/18 8/31/21 9/1/20 $1,183.33 $1,207.00 $1,231.14 $343.33 $356.67 $1,526.66 $1,563.67Daniel Ramus 11/16.2019 11/15/20 $1,250.00 $1,250.00 $1,250.00 $245.00 $255.00 $1,495.00
3 Park City Creamery 1/1/19 12/31/22 1/1/21 $2,800.00 $2,870.00 $2,941.75 $721.00 $749.00 $3,521.00 $3,619.00Joint Software Dev 9/1/18 8/31/21 9/1/20 $1,183.33 $1,207.00 $1,231.14 $343.33 $365.67 $1,526.66 $1,572.67Joni Brooks 5/1/19 8/31/21 5/1/21 $1,255.00 $1,255.00 $1,255.00 $265.00 $265.00 $1,495.00 $1,495.00
4 Vacant Pro-Forma Pro-Forma $4,133.33 $4,216.00 $4,300.32 $775.00 $1,105.67 $4,908.33 $5,321.67VacantRich McEwen 1/15/20 1/31/21 $1,250.00 $1,250.00 $1,250.00 $255.00 $255.00 $1,495.00
5 Humble Dwellings 7/15/18 7/14/21 7/15/20 $5,349.33 $5,456.32 $5,565.45 $1,373.33 $1,426.67 $6,722.66 $6,882.99Humble DwellingsHumble Dwellings
6 Lamont Harris 10/1/17 9/1/20 10/1/20 $5,850.00 $5,850.00 $5,850.00 $1,300.00 $1,373.33 $7,150.00 $7,223.33Lamont HarrisLamont Harris
TOTALS: $33,634.32 $33,997.32 $34,472.92 $7,629.33
Total Annual Net Income $403,611.84 $407,967.84 $413,675.04
Cap Rate at $6,600,000.00 6% 6.18% 6.27%
JOHN TRAVIS 435.640.2972 | [email protected]
FINANCIALSPARK EAST 1200 LORI LANE I KAMAS, UTAH
WWW.JOHNTRAVIS.BHHSUTAH.COM
354 Main Street, Park City, Utah | BHHSUtah.com
DANIEL RAMOS 801 [email protected]
JOHN TRAVIS 435 [email protected]
PARK EAST BUILDING A1200 LORI LANEKAMAS, UTAH
© 2020 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity. Information not verified or guaranteed.. Berkshire Hathaway HomeServices and/or its representatives do not warrant or guarantee this information. Information herein was provided by Owner/Seller. Lessee/Purchaser is responsible to confirm any information considered a factor in a decision to lease or purchase.
• 6 COMMERCIAL SPACES • Ground Level 2,100 Sq Ft • 14 foot overhead doors • 9 to 20 foot ceilings • Gas Heating • 200-3 phase electrical power • Restrooms • Floor drains
• 6 OFFICE SPACES • Second Level 1,000 Sq Ft • Open Floor Plan • Carpeted • Kitchenette • 3/4 Restroom
• 6 APARTMENTS • 912 Sq Ft • One Bedroom • Full Kitchen • Washer/Dryer • Full Bath
$6,600,000PC MLS 12001546
BUILDING A
T E A M T R A V I SYour Commercial Connection
WWW.JOHNTRAVIS.BHHSUTAH.COMi
C O M M E R C I A L
