OFFERING MEMORANDUM DANA ORTHODONTICS BUILDING 4575 S 5600 W WEST VALLEY, UT 84120
EXCLUSIVELY MARKETED BY: TABLE OF CONTENTS 111 S. Main St., Suite 2200 Salt Lake City, Utah 84111 801.947.8300 cbcadvisors.com Rawley Nielsen President of Investment Sales 801.441.5922 rawley.n@cbcadvisors.com Darren Nielsen Investment Sales 801.448.2662 darren.n@cbcadvisors.com PROPERTY DETAILS 3 TENANT PROFILES 8 PROPERTY PHOTOS 10 LOCATION INFORMATION 14 All materials and information received or derived from Utah its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party s intended use or any and all other matters. DEMOGRAPHICS 17 Neither Utah its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written 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 these and other matters of significance to such party. Utah will not investigate or verify any such matters or conduct due diligence for a party 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 inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Utah makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Utah 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 or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Utah in compliance with all applicable fair housing and equal opportunity laws.
SECTION 1 PROPERTY DETAILS
EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: $895,000 Cap Rate (Year 1) 7.37% NOI (Year 1): $65,934 Lease Type: Absolute NNN (No Landlord Responsiblility) Lot Size: 0.71 Acres Year Built: 1999 Building Size: 3,897 SF Zoning: M PROPERTY OVERVIEW The Dana Orthodontics Building has a stable tenant that has been practicing at this location for approximately 12 years. This trusted and reputable orthodontic practice has been in West Valley since 1998 and has developed strong loyalty among its patients and continues to get near perfect reviews. With young and highly respected doctors, Dana Orthodontics has thrived in this location and just extended its Absolute NNN lease for another 5 years with annual increases. PROPERTY HIGHLIGHTS Absolute NNN Lease: No Landlord Responsibility Long-Term, Stable and Reputable Tenant New 5-Year Lease Extension Proven practice with young, experienced, and respected doctors Easily Accessible Location 4575 S 5600 W, WEST VALLEY, UT 4
FINANCIAL SUMMARY 4575 S 5600 W, WEST VALLEY, UT 5
FINANCIAL SUMMARY 4575 S 5600 W, WEST VALLEY, UT 6
PROPERTY DETAILS PROPERTY NAME: PROPERTY ADDRESS: PROPERTY TYPE: Dana Orthodontics Building 4575 S 5600 W West Valley, UT 84120 Office APN: 20-01-351-010-0000 LOT SIZE: BUILDING CLASS: ZONING: 0.71 Acres A M PARKING SPACES: 30 PARKING RATIO: 7.7 YEAR BUILT: 1999 CONSTRUCTION TYPE: Wood Frame/Stucco 4575 S 5600 W, WEST VALLEY, UT 7
SECTION 2 TENANT PROFILES
TENANT PROFILES Dana Orthodontics Dana Orthodontics was founded in 1998, and has developed an established and loyal customer base in West Valley over that time. Dr. Dansie and Dr. Cameron are experienced orthodontic specialists and members of the American Association of Orthodontists.They provide orthodontic treatment for people of all ages, with a variety of great options to suit individual needs. TENANT HIGHLIGHTS Two young, experienced doctors Specialties Include: - Braces for Kids, Teens, and Adults - Traditional Braces - Ceramic Braces - Clear Braces - Aligners, - Invisalign - Lingual Braces Stable. 20 Years in West Valley. Online Client Reviews - "The staff is very accommodating and the office is very stunning and clean." -Sagie U. (Google Review) - "The only bad thing about this place is they are all so amazing I can't seem to find a regular dentist office I like because everyone at Dano Orthodontics has set the bar so high!" -Cydne O. (Facebook Review) - "Great service from everyone. They have two orthodontists working in this space. They switch every day. I was able to have both of them and both are spectacular." -Felipe Z. (Yelp Review) 4575 S 5600 W, WEST VALLEY, UT 9
SECTION 3 PROPERTY PHOTOS
PHOTOS 4575 S 5600 W, WEST VALLEY, UT 11
4575 S 5600 W, WEST VALLEY, UT 12
PHOTOS 4575 S 5600 W, WEST VALLEY, UT 13
SECTION 4 LOCATION INFORMATION
4575 S 5600 W, WEST VALLEY, UT 15
4575 S 5600 W, WEST VALLEY, UT 16
SECTION 5 DEMOGRAPHICS
DEMOGRAPHICS MAP 1 Mile 2 Miles 3 Miles Total Population 14,162 56,866 130,701 Population Density 4,508 4,525 4,623 Median Age 28.1 28.8 28.6 Median Age (Male) 28.6 29.0 28.8 Median Age (Female) 27.5 28.9 28.6 Total Households 3,838 16,006 36,643 # of Persons Per HH 3.7 3.6 3.6 Average HH Income $64,984 $64,631 $63,842 Average House Value $176,574 $181,789 $189,573 *Information provided from 2010 Census 4575 S 5600 W, WEST VALLEY, UT 18
DANA ORTHODONTICS BUILDING Rawley Nielsen President of Investment Sales 801.441.5922 rawley.n@cbcadvisors.com Darren Nielsen Investment Sales 801.448.2662 darren.n@cbcadvisors.com DOWNTOWN SLC 111 S. MAIN ST. SUITE 2200 SALT LAKE CITY, UT 84111 801.947.8300 www.cbcadvisors.com