PROPERTY PACKAGE 1133 W. Pine Street Pinedale, Wyoming Michael S. Pruett, Associate Broker 80 W Broadway MichaelPruett@JHREA.com (307) 413-2700
TABLE of CONTENTS 1. Summary Information 2. Building Information Detailed Description Employee Rental Program Exterior Photos Interior Photos Building Sketch 4. Site Information Aerial Views Zoning Map Site Plan Plat Map 5. Area Information Pinedale Description Pinedale Map 6. Regional Information Sublette County Map
SUMMARY INFORMATION Land Area: Total Building Area: 2.43 Acres 57,363 sq. ft. 1 st Floor: 19,121 sq. ft. 2 nd Floor: 19,121 sq. ft. 3 rd Floor: 19,121 sq. ft. Number of Units: 101 Year Built: 2006 2016 Taxes: $22,736.09 MLS #: 16-2615 Listing Price: $7,495,000 *Financial Information Available Upon Request
BUILDING INFORMATION DETAILED DESCRIPTION COMMERCIAL INVESTMENT OPPORTUNITY The High Country Suites is a rare commercial opportunity in Pinedale, Wyoming. Aggressively priced, this property is an Extended Stay commercial opportunity that is designed, operated and managed specifically for Extended Stay Employees. This is an excellent opportunity for an Employer to solve their own Employee needs or someone who is looking to own, operate and grow a strong local business with excellent income. With management in place, this can be owned and operated locally or remotely. All rooms have full kitchens for the occupants use. A stove, microwave, refrigerator and seating area is available in each suite. Each room is digitally keyed for privacy and the hallways and break rooms are kept clean and professional. The fitness room provides occupants with a gym to work out and the break room is an excellent area to sit, relax and have a snack. The property is equipped with a commercial laundry facility. ROOM SUMMARY 25 DOUBLE QUEEN ROOMS WITH FULL KITCHEN 75 SINGLE KING ROOMS WITH FULL KITCHEN 1 2-BEDROOM APARTMENT WITH FULL KITCHEN 101 TOTAL ROOMS ALL WITH FULL KITCHENS This property has a total of 101 residential rooms. There are 25 double queen suites, 75 single queen suites and a 2-bedroom apartment. Each room is equipped with a full kitchen, closet space and clean, full bathrooms. In addition to the residential rooms, there is a conference room for meetings, a coffee and vending room, a break room, a work out facility, and 2 laundry rooms, one for commercial use and the other for individual laundry use. Each room is digitally keyed for security and privacy. The entry lobby is warm, clean and inviting. There is plenty of parking on site and this property is smartly designed with plugins for vehicles in the winter.
EMPLOYEE RENTAL PROGRAM THE ISSUE As you are aware from recent headlines in the paper, there is a housing shortage in Teton County, specifically for Employee rental housing. The demand for rental housing is strong and our rental inventory is the lowest it has been in a very long time. While there is no silver bullet to fix this issue, many companies are struggling to find solutions to their workforce housing needs. START BUS As the TOJ considers adding Pinedale to the START Bus route, there is workforce housing ready and waiting to be filled now. These rooms can be rented immediately for Employees of Teton County. With transportation, this can provide our local Employees with much needed housing now. THE OPPORTUNITY The opportunity is for Employers to purchase the property for Employee Housing, or Employers can Master Lease blocks of rooms at High Country Suites to secure rental apartments for their employees. The High Country Suites is specifically designed for Employers to resolve their own rental housing needs through a unique Master Lease program. There are 100 1 and 2 bedroom units that will be leased to Employers for their employees (see Room Description below). The High Country Suites Master Lease will; Help Employers resolve their own employee rental issues Allow employees to all live together in a similar place Provide rental housing consistency for Employers Allow for one simple pickup and drop off location Secure the Employers rental needs for the term of the lease Allow consistency for Employers and employees Allow Employers to offer much needed housing to employees with their employment
EMPLOYEE RENTAL PROGRAM THE MASTER LEASE PROGRAM SPECIFICS If you are an Employer in need of rental housing for your employees, please consider this Master Lease opportunity through High Country Suites. Some of the specifics of this unique Master Lease program are as follows; There are a total of 100 rooms available Each room is fully equipped with the following; o All rooms have full kitchens for the occupants use. o A stove, microwave, refrigerator and seating area is available in each suite. o Each room is digitally keyed for privacy and the hallways and break rooms are kept clean and professional. o The fitness room provides occupants with a gym to work out and the break room is an excellent area to sit, relax and have a snack. The property is equipped with a commercial laundry and a laundry facility for individual use. The property has plenty of parking on site All 100 rooms are designed as employee rental units Employers will; o be the Tenant and sign leases for their employees o be responsible for lease payments and ensuring that the terms of the lease are satisfied by the employees o sign a lease for blocks of rooms for a period of time o be responsible for regular checkups to make are that the terms of the lease are being satisfied Each Master Lease will be for a minimum of 3 year term Each Master Lease will include all rents, utilities and insurance Rents will be determined by market rate rents Employers can pass the rent along to their employees Transportation to and from work can be arranged by the Employers or through the START program
BUILDING INFORMATION EXTERIOR PHOTOS
BUILDING INFORMATION INTERIOR PHOTOS Guest Room
BUILDING INFORMATION INTERIOR PHOTOS Guest Room
BUILDING INFORMATION INTERIOR PHOTOS Common Areas
BUILDING INFORMATION INTERIOR PHOTOS Laundry Facilities
BUILDING INFORMATION BUILDING SKETCH
SITE INFORMATION AERIAL VIEW
SITE INFORMATION AERIAL VIEW
SITE INFORMATION ZONING MAP
SITE PLAN SITE INFORMATION
PLAT MAP SITE INFORMATION
AREA INFORMATION PINEDALE, WYOMING Pinedale is located in western Wyoming, approximately 78 miles south of Jackson Hole and 90 miles south of Yellowstone National Park. It lies in the heart of the Upper Green River Valley, surrounded by three mountain ranges, which include two designated wilderness areas. Approximately 80% of the county is public land managed by the Bureau of Land Management (BLM) and US Forest Service. Pinedale proper sits at 7,100 feet elevation and has a population of 2,030. It is a relaxed, rural community which serves as the recreational gateway to the Wind River Mountain Range and Bridger Wilderness area. It is also at the northern edge of one of the largest natural gas producing fields in Wyoming. Pinedale is the county seat for Sublette County. The courthouse is located in the center of town. There is a town hall, medical clinic, county library, two weekly newspapers, a retirement center, a senior citizen s center, a recycling center, and five parks. There is one elementary school, one middle school, and one high school. Recreational facilities include the Pinedale Aquatic Center, Rendezvous Meadows Golf Course (9-hole), Sublette County Ice Area, Wrangler Park (skateboard), White Pine Ski Area and paved walking paths. Ralph Wenz airport is a general aviation airport located approximately four miles south of Pinedale. The nearest commercial airport is 78 miles to the north in Jackson and interstate highway is 100 miles to the south in Rock Springs. There is one main street through town called Pine Street, which is also Highway 191, which connects Rock Springs to Jackson Hole. The majority of the businesses are located along this street or within the first block of it. Pine Creek flows through the middle of town, originating from Fremont Lake, the town s water supply, four miles to the northeast. - www.townofpinedale.us
AREA INFORMATION PINEDALE, WYOMING
REGIONAL INFORMATION SUBLETTE COUNTY