EAGLEWOOD VILLAGE

R E TA I L
DEVELOPMENT PROPERTY
FOR SALE, LEASE, OR BTS
NORTH SALT LAKE, UTAH
EAGLEWOOD VILLAGE
PROPERTY HIGHLIGHTS
•
120,000 SF of retail approved
•
340,000 SF of office approved
•
516 completed residential units
•
Easy access to I-15
•
5 minutes to downtown
Salt Lake City
•
Traffic counts:
Highway 89 - 24,085 ADT
148,610 ADT visibility from I-15
•
124 Parking stalls for
12,000 SF of retail shops
•
Drive thru available
•
1,000 - 20,000 SF of office space
available
•
40,000 SF anchor space available
Rawley Nielsen
Sky Hazlehurst
Brad Brown
Darren Nielsen
rawley.n@cbcadvisors.com
sky@cbcadvisors.com
brad.brown@cbcadvisors.com
darren.n@cbcadvisors.com
801.441.5922
801.837.2020
801.309.0399
801.448.2662
CBC ADVISORS
R E TAIL
15 WEST SOUTH TEMPLE, SUITE 950
SALT LAKE CITY, UTAH
(P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however,
it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its Logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015
R E TA I L
EXECUTIVE SUMMARY
CBC Advisors is pleased to present the opportunity to qualified parties to Purchase or Lease portions of the Eaglewood Village development (the “Property”) located in North Salt Lake.
The Property is an approved retail & commercial development located on Highway 89 and Eagle Ridge Drive, adjacent to the I-15 freeway. The Property is situated in an irreplaceable
location, in very close proximity to the affluent neighborhoods of Bountiful, with easy access to downtown Salt Lake City.
The Property is approved for 120,000 SF of retail development and 340,000 SF of office. This is in addition to 570 approved residential units, of which 214 units are already completed
and leased and 196 units are currently under construction. The Property will prove to be a premier mixed-use detination.
Eaglewood Lofts
Phase 2
196 units
Eaglewood Lofts
Phase 1
214 units
01-443-0001
7.59 acres
01-443-0010
6.85 acres
01-443-0002
3.96 acres
PROPERTY INFORMATION
• Offering Terms:
Sales Price to Be Determined By Market
Rawley NielsenLease Rates Negotiable Sky Hazlehurst
801.441.5922
• Offering
Type:
801.837.2020
Sale, Lease or Build to Suit
• Total Lot Area:
+/- 18.40 acres (801,678 SF)
rawley.n@cbcadvisors.com
sky@cbcadvisors.com
• APNs:
01-443-0001, 01-443-0002, 01-443-0010
Brown
•Brad
Approval:
120,000 SF retail
801.309.0399
340,000 SF office
brad.brown@cbcadvisors.com
Darren Nielsen
801.448.2662
darren.n@cbcadvisors.com
CBC ADVISORS
R E TAIL
15 WEST SOUTH TEMPLE, SUITE 950
SALT LAKE CITY, UTAH
(P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however,
it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its Logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015
IN VE
R ESTA
T ME
I L NT
INVESTMENT
INVESTMENT
PROPERTY HIGHLIGHTS
PROPERTY
Rare Multi-Acre Development Opportunity Near Downtown Salt Lake City
Rare opportunity to develop or lease retail & office space located in a premium North
Salt Lake Location. Eaglewood Village is located just 5 miles from the heart of Downtown Salt Lake City, and is at the base of some of Davis County’s most exclusive residential neighborhoods. The Property offers an investor, or retail and office tenant, the
opportunity to strategically enter Utah’s hot commercial market and take advantage
of very strong demographics and positive market trends. For more details on Utah’s
economy please refer to page 9.
Fully Approved Development Project Already Underway
Eaglewood Village has a development agreement in place with the City of North Salt
Lake that allows for 570 residential units, 120,000 SF or Retail and 340,000 SF of
office space. There are already 214 residential units completed and occupied, and another 196 units currently under construction and slated for completion in 2015. The
Property also has a planned bike path to downtown Salt Lake City, and locations for
mass transit pickup for residents and tenants. When complete, Eaglewood Village will
be one of the premier mixed-use destinations in all of Utah.
Exceptional Access To All Major Population Centers Along Wasatch Front
Due to The Property’s location just off I-15, the site is ideally located for tenants &
employees from all major cities along the Wasatch Front. The Property is 5 miles from
downtown Salt Lake City, and has great access from Davis, Weber, Salt Lake, and Utah
Counties.
DEMOGRAPHICS
1 MILE
3 MILE
5 MILE
2016 Estimated
11,532
55,971
121,416
2021 Projected
12,758
61,329
129,898
Population
Households
2016 Estimated
3,953
18,258
39,887
2021 Projected
4,381
20,018
42,696
Income
Rawley Nielsen
2016 Median HHI
$66,988
$75,694
2016 Average HHI
$85,216
$94,204
801.441.5922
rawley.n@cbcadvisors.com
2016 Per Capita
$28,616
Sky Hazlehurst
$66,206
801.837.2020
$88,958
sky@cbcadvisors.com
$30,789
$29,344
Brad Brown
Darren Nielsen
brad.brown@cbcadvisors.com
darren.n@cbcadvisors.com
801.309.0399
801.448.2662
Information provided by ESRI Business Analyst
CBC ADVISORS
IN VRES
E TAIL
T MENT
6550 15
SOUTH
DRIVE, SUITE 950
200
WESTMILLROCK
SOUTH TEMPLE,
SALT LAKE CITY, UTAH
(P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however,
it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its Logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015
IN VE
R ESTA
T ME
I L NT
INVESTMENT
MARKET PROPERTY
OVERVIEW
The state of Utah, numerous Utah cities, and Utah’s economy, continue to lead the nation in various meaningful categories. In almost every major category the state of Utah is performing very well. This continues to be an amazing place to live, work, shop, and play.
•
#1 Best Managed State in the Nation Pew Center
•
#2 Short Term Job Growth US Chamber of Commerce
•
#1 Pro-Business State Polina Report
•
#2 Best Business Climate Business Facilities
•
#1 Most Competitive State for Business Beacon Hill Institute
•
•
#1 In Technology Concentration and Dynamism Milken Institute
#2 Lowest Unemployment and #2 Highest Job Growth in the Nation
Dept. of Workforce Service
•
#1 State for Economic Competitiveness Environment ALEC-Laffer
Index
•
#3 Top States for Business CNBC
•
#3 Long Term Job Growth US Chamber of Commerce
•
#1 Happiest State in the Country WalletHub
•
#3 In Household Income Growth Census Bureau
•
#1 State with the Best Technology Center for Digital Government
•
#4 Most Educated City in America - Provo,Utah WalletHub
•
#1 Small Business Friendly State Thumbtack
•
#4 For Innovation and Entrepreneurship US Chamber of Commerce
•
2014 Public Transit System of the Year - UTA (APTA)
•
#4 Most Diverse Economy US Chamber of Commerce
•
Salt Lake City in Top 25 Cities To Do Business Globally Global Trade
Magazine
Rawley Nielsen
Sky Hazlehurst
Brad Brown
Darren Nielsen
rawley.n@cbcadvisors.com
sky@cbcadvisors.com
brad.brown@cbcadvisors.com
darren.n@cbcadvisors.com
801.441.5922
801.837.2020
801.309.0399
801.448.2662
CBC ADVISORS
IN VRES
E TAIL
T MENT
6550 15
SOUTH
DRIVE, SUITE 950
200
WESTMILLROCK
SOUTH TEMPLE,
SALT LAKE CITY, UTAH
(P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however,
it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its Logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015