CREEK ROAD PLACE - OFFICE BUILDING SALE

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1 BRANDON FUGAL JORDAN WALL CREEK ROAD PLACE - OFFICE BUILDING SALE 7440 SOUTH CREEK ROAD SANDY, UT 6550 South Millrock Dr., Suite 200 Salt Lake City, UT

CREEK ROAD PLACE - OFFICE BUILDING SALE 7440 SOUTH CREEK ROAD SANDY, UT Brandon Fugal Chairman 801.947.8300 brandon.fugal@cbcadvisors.

2 CREEK ROAD PLACE - OFFICE BUILDING SALE 7440 SOUTH CREEK ROAD SANDY, UT Brandon Fugal Chairman brandon.fugal@cbcadvisors.com Jordan Wall jordan.wall@cbcadvisors.com 6550 South Millrock Dr., Suite 200 Salt Lake City, UT

EXECUTIVE SUMMARY CBC Advisors is pleased to offer for sale the Creek Road Place Building in Salt Lake City, Utah.

The property also has basement space that several tenants use for both storage space and additional office space.

building since its inception. 7440 SOUTH CREEK ROAD SANDY, UTAH 84093 Purchase Price: $8,811,916 Price/SF: $196.58 Building Size (RGSF): 44,825 Land Area (Ac): 2.

3 EXECUTIVE SUMMARY CBC Advisors is pleased to offer for sale the Creek Road Place Building in Salt Lake City, Utah. This unique offering provides a qualified buyer the opportunity to own a one of a kind office building in the prestigious Union Park sub-market, which is a 3-minute drive to access I-215 and is directly accessed along 1300 East. The property is also located in close proximity to countless amenities and services with Union Heights Center to the southwest and the Family Center located to the northwest. The property also has basement space that several tenants use for both storage space and additional office space. The building has a strong history of high occupancy and tenant renewals, and benefits from a seasoned rent roll with high retention rates, as demonstrated by some tenants who have resided in the building since its inception SOUTH CREEK ROAD SANDY, UTAH Purchase Price: $8,811,916 Price/SF: $ Building Size (RGSF): 44,825 Land Area (Ac): 2.14 Year Built: 2009 Parcel: Parking Ratio: Current Occupancy 4.3/1,000 USF 88% (excl. basement) Projected Occupancy 100% Projected Net Operating Income $625,646 Projected Cap Rate 7.10% Upscale Finishes & Quality: Constructed in 2009, this 4-story Class A building presents an impressive image, with the building facade consisting of abundant glass and concrete curtain walls with a partial composite ribbon wall and brick exteriors. Unlike many competing buildings, the quality and attention to detail that is observed on the outside shows through to the interior, with upscale lobby and common area finishes including stone and tile floors, recessed lighting and decorative lighting throughout the common area. The Union Park sub-market continues to be one of the hottest office markets along the Wasatch Front with Class A vacancy rates continuing to hover at historical low rates of 7%. This property is a rare and ideal opportunity for a buyer who is looking for a stabilized investment property to add to their portfolio that will generate consistent returns for years to come. High caliber investment properties like this are rare in the current market. Salt Lake City: #2 city for significant tech-sector growth and large population increases (Forbes) VIEW PROPERTY VIDEO CBC ADVISORS SALT LAKE CITY, UTAH PAGE 3

PROPERTY OVERVIEW PROPERTY DESCRIPTION Address: Size: 7440 Creek Road 44,825 square feet VIEW PROPERTY VIDEO Year Built: 2009 Land Area: Construction: Security: Roof Type: HVAC: INTERIOR FINISHES

14 Acres Steel Frame A card access security system is in place for the building Flat built up roof with membrane covering Heat pump systems at strategic locations throughout the building, supported

4 PROPERTY OVERVIEW PROPERTY DESCRIPTION Address: Size: 7440 Creek Road 44,825 square feet VIEW PROPERTY VIDEO Year Built: 2009 Land Area: Construction: Security: Roof Type: HVAC: INTERIOR FINISHES Floors: Walls: Ceilings: Lighting: Floor Plate: 2.14 Acres Steel Frame A card access security system is in place for the building Flat built up roof with membrane covering Heat pump systems at strategic locations throughout the building, supported by a boiler and a large central AC evaporative unit on the roof; ample electrical service Primarily tile and stone near entrance, in lobbies, in elevators and stairwells with commercial grade carpeting in office areas Painted drywall or gypsum board with variations between each use within the levels of the building and different tenant areas Suspended acoustic ceiling panels Recessed fluorescent and incandescent lighting. There are also decorative wall sconces throughout the public areas. Approximately 10,000 square feet CBC ADVISORS SALT LAKE CITY, UTAH PAGE 4

5 Creek Rd. PROPERTY OVERVIEW - PARCEL AERIAL 30,950 ADT 10,005 ADT Union Park Ave. Shared Complex Parking 2.14 Acres 1 3 Parking Stalls CBC ADVISORS SALT LAKE CITY, UTAH PAGE 5

6 PROPERTY OVERVIEW - FLOOR PLANS E st Level - 9,577 square feet 03 3 Building Common Area 2nd Level - 9,461 square feet OPEN TO BELOW CBC ADVISORS SALT LAKE CITY, UTAH PAGE 6

7 PROPERTY OVERVIEW - FLOOR PLANS 3rd Level - 9,997 square feet Building Common Area 4th Level - 9,997 square feet Building Common Area CBC ADVISORS SALT LAKE CITY, UTAH PAGE 7

8 PROPERTY OVERVIEW - PHOTOS CBC ADVISORS SALT LAKE CITY, UTAH PAGE 8

9 PROPERTY OVERVIEW - PHOTOS CBC ADVISORS SALT LAKE CITY, UTAH PAGE 9

10 LOCATION INFORMATION Salt Lake CBD MINUTES TO: Downtown Salt Lake City 15 The University of Utah 20 Salt Lake City International Airport 20 South Jordan 15 Draper 15 Lehi 20 Holladay Union Park Ave. Creek Rd. Creek Road Place CBC ADVISORS SALT LAKE CITY, UTAH PAGE 10

11 LOCATION INFORMATION - SURROUNDING AMENITIES MAP: RESTAURANTS SITE CBC ADVISORS SALT LAKE CITY, UTAH PAGE 11

12 LOCATION INFORMATION - SURROUNDING AMENITIES MAP: RETAIL SITE CBC ADVISORS SALT LAKE CITY, UTAH PAGE 12

13 CREEK ROAD PLACE - OFFICE BUILDING SALE 7440 SOUTH CREEK ROAD SANDY, UT Brandon Fugal Chairman brandon.fugal@cbcadvisors.com Jordan Wall jordan.wall@cbcadvisors.com 6550 South Millrock Dr., Suite 200 Salt Lake City, UT

PRICE REDUCED BY $100,000

PRICE REDUCED BY $100,000 SALE OFFERING SANDY OFFICE CONDO BUILDING Colliers International is pleased to present this office condominium building for sale. This impressive, 2 story, 9,597 square foot Class