Embed Size (px)
Citation preview
SKY Properties- OFFERING MEMORANDUM
Entire Portfolio - $13.1 million
Excel Offi ce Building - Bountiful, UT585 West 500 South, Bountiful, UT
$3,955,000
West Bountiful Commercial Plaza - West Bountiful, UT724 West 500 South, West Bountiful, UT
$2,874,000
Viliage Inn Restaurant and Commercial Pad - Roy, UT1780 West 5600 South, Roy, UT
Restaurant - $1,770,000Pad - $460,000
Vine Street Offi ce/Medical Building - Murray, UT120 West Vine Street, Murray, UT
$4,056,000
marketed by:SKY Properties 801-292-1400
SKY PROPERTIES585 West 500 South, #110
Bountiful, UT 84010www.UtahSkyProperties.com
FOR SALE: EXCEL OFFICE BUILDING
INVESTMENT HIGHLIGHTS- Great visibility from I-15 freeway- Strong tenancy and upside- Tenants include First American Title, Odyssey Intl., Excel Investment, Cooperative DNA Diagnostics, law fi rm and Paradigm Finance- Close to Frontrunner station- Easy I-15 access - 136,000 ADT- Only 10 minutes to SLC Intl. airport
BOUNTIFUL DEMOGRAPHICS Population 41,301 Households 10,766 # Families 10,766 Median Income $56,993
marketed by:SKY Properties 801-292-1400
Marcus Smoot (801) 510-5707JC Smoot (801) 721-7262
marketed by:SKY Properties 801-292-1400
SKY PROPERTIES585 West 500 South, #110
Bountiful, UT 84010www.UtahSkyProperties.com
Offi ce Building
Unit Lease Name Rental/Lease Income Lease Start Date Security Deposit Held130 Bountiful Analytical Lab $875.00 7/1/2012 $250.00Suite 120 Adair & Arrington, LLP $1,360.66 6/1/2014 $1,360.66Suite 140 SKY Properties $1,600 10/1/2008 $0.00Suite 230 Vacant $1,860 $0.00Suite 110 Excel Investment Corp. $10,211.82 10/1/2008 $0.00210 $460.00 $0.00Suite 200 DNA Logix, Inc. $3,600.00 9/1/2012 $3,500.00Suite 250 Paradigm Commercial Cap. $1,875.00 10/1/2014 $1,875.00Suite 270 Zentrum Group $600.00 3/1/2015 $600.00Suite 290 Odyssey International, Inc. $2,155.00 1/15/2013 $2,000.00Suite 100 First American Title $6,727.46 5/1/1998 $6,500.00Suite 260 Vacant $1,175.00 $0.00
Security Deposit Held $16,085.66Rent $26,174.56Active Leases 8MTM Leases 2
Rent Roll Report Rent Roll ‐ Bonneville MortgageRun Date: 01/05/2015
Portfolio: SKY Executive ‐ Building: SKE
Lease Information
Total Units 12Occupied 8Vacant 4Occupancy Percentage 66%
Summary ‐ SKE
FOR SALE: WEST BOUNTIFUL COMMERCIAL PLAZAINVESTMENT HIGHLIGHTS- Great visibility from I-15 freeway- Directly off 500 S. I-15 exit- Tenants include Davita Dialysis (a credit rating tenant), CosmoProf, Guaranteed Rate Value add potential- Close to Frontrunner station- Easy I-15 access- High traffi c counts on 500 South
BOUNTIFUL DEMOGRAPHICS Population 41,301 Households 10,766 # Families 10,766 Median Income $56,993
marketed by:SKY Properties 801-292-1400
Marcus Smoot (801) 510-5707JC Smoot (801) 721-7262
marketed by:SKY Properties 801-292-1400
SKY PROPERTIES585 West 500 South, #110
Bountiful, UT 84010www.UtahSkyProperties.com
FOR SALE: ROY RESTAURANT & COMMERCIAL PADINVESTMENT HIGHLIGHTS- Great visibility from I-15 freeway- Just off the Roy exit- Located next to HAFB entrance- Coupon clipper- No landlord responsibility- Net lease- Restaurant and commercial pad- Pad 1.6 acres / Restaurant 1.5 acres- Reciprocal parking easements
ROY DEMOGRAPHICS (2010)
Population 37,112 Median Age 28.8 % Families 80.5% Median Income $56,092
marketed by:SKY Properties 801-292-1400
Marcus Smoot (801) 510-5707JC Smoot (801) 721-7262
ROY RESTAURANT/HOTELRental Income $111,057Gross Operating Income $111,057Expenses $2,393Net Operating Income $108,694Cap Rate 7.5%
SALES PRICE (REST.) $1,480,000SALES PRICE (HOTEL) $600,000
marketed by:SKY Properties 801-292-1400
SKY PROPERTIES585 West 500 South, #110
Bountiful, UT 84010www.UtahSkyProperties.com
NEARY BY EMPLOYERS:
- Hill Air Force Base 10,000 - 15,000 employees- Department of Treasury 5,000 - 7,000 employees- McKay-Dee Hospital 3,000 - 4,000 employees
Income Valuation 1,770,281.24$
Debt 570,166.96$
Equity 1,200,114.28$
TOTAL
Income
Rent Income 116,721.84
Total Scheduled Income $ 116,721.84
Expenses
Vacancy - 5% 5,836.09
Management Fees - 2% 2,334.44
Repair & Maint Reserve - 2% 2,334.44
Total Expenses 10,504.97 10,504.97
NOI $106,216.87 6% Cap Value $1,770,281.24
Debt Service $64,044.00 Constant 11.23%
Annual Cash Flow $42,172.87 Cash on Cash 3.51%
Roy Village Inn
Pro-Forma
1780 W. 5600 S., Roy, Utah
Portfolio:Roy Village Inn - Building: Village Inn
Lease Information Unit Information
Unit Lease Name Lease Status Rental / Lease Income Total RecurringCharges
Lease Start Date Security DepositHeld
Square Footage
Village Inn American BlueRibbon Holdin
Active $9,726.82 $9,726.82 05/14/2001 $0.00 6,428.00
Totals $9,726.82 $9,726.82 $0.00 6428.0
Summary - Village Inn
Total Units 1 Security Deposit Held $0.00
Occupied 1 Rent $9,726.82
Vacant 0 Active Leases 1
Occupancy Percentage 100% MTM Leases 0
Gross Potential Rent $9,726.82 Eviction 0
Vacancy Loss $0.00
Summary - Roy Village Inn
Total Units 1 Security Deposit Held $0.00
Occupied 1 Rent $9,726.82
Vacant 0 Active Leases 1
Occupancy Percentage 100% MTM Leases 0
Gross Potential Rent $9,726.82 Eviction 0
Vacancy Loss $0.00
Rent Roll Report - EnhancedRent Roll
Run Date: 01/16/2015
Generated By: Mike HendricksGenerated On: 01/16/2015Run Date: 01/16/2015
Page 1 of 1
Rent Roll Report - EnhancedRent Roll
Run Date: 01/16/2015
Generated By: Mike HendricksGenerated On: 01/16/2015Run Date: 01/16/2015
Page 1 of 1
FOR SALE: VINE STREET OFFICE/MEDICAL BLDGINVESTMENT HIGHLIGHTS- Central location to Salt Lake Valley- Next to IHC headquarters/hospital- Strong tenancy includes Coram (a CVS healthcare company)- Next to Trax/Frontrunner station- Value add opportunity- 25,000sf- 7.8/1,000 sf parking
marketed by:SKY Properties 801-292-1400
Marcus Smoot (801) 510-5707JC Smoot (801) 721-7262
marketed by:SKY Properties 801-292-1400
SKY PROPERTIES585 West 500 South, #110
Bountiful, UT 84010www.UtahSkyProperties.com
marketed by:SKY Properties 801-292-1400
SKY PROPERTIES585 West 500 South, #110
Bountiful, UT 84010www.UtahSkyProperties.com
