MULTIFAMILY DEVELOPMENT OPPORTUNITY APPROVED FOR 508 APARTMENT UNITS

ROCKWELL POINTE 14919 South Minuteman Drive, Draper, UT 84020

RICHARD BIRD Executive Managing Partner 801.210.1077 x1 [email protected] ROCKWELL POINTE EXECUTIVE SUMMARY 14919 South Minuteman Drive, Draper, UT 84020

OFFERING SUMMARY • Sale Price: Subject to Offer • # of Units/Lot Size: 508 Units / 3.9 Acres • Zoning: Major Freeway Arterial Frontage Road (MARF) / Approved Up To 100' Height and 508 Units • Transit Access: Located Directly Off of I-15 Interchange / New Light Rail Transit Planned Adjacent to Property Source: https://rideuta.com/About-UTA/Active-Projects/Point-of-the-Mountain-Transit-Study#open-house

PROPERTY• SUMMARY TYG is pleased to exclusively present developers with the opportunity to purchase approximately 3.9 acres of prime multi-family development land that is directly off the 146th South Exit of I- 15 in Draper, . The property is located just southeast of an I-15 interchange and is approved for up to 100' in height and 508 apartment units. Many of Utah’s major employers and tech companies are in the immediate vicinity. The property also benefits from its proximity to major traffic arteries and rapid transit lines serving the Draper area. The property is centrally located within the Silicon Slopes, between and Provo. The area between Draper and American Fork has rapidly grown in Utah with office and residential development. Major employers in the vicinity include eBay, Adobe, Ancestry.com, , Oracle, , IM Flash, Xactware, 1-800 Contacts, and . The property is at the northeast corner of Minuteman Drive and Marion Vista Drive, which each carry two lanes of traffic. The land is generally level and slightly above street grade. Geotech Reports and feasibility studies are available upon request.

2 RICHARD BIRD Executive Managing Partner 801.210.1077 x1 [email protected] ROCKWELL POINTE OVERVIEW MAP 14919 South Minuteman Drive, Draper, UT 84020

3 RICHARD BIRD Executive Managing Partner 801.210.1077 x1 [email protected] ROCKWELL POINTE ADDITIONAL PHOTOS 14919 South Minuteman Drive, Draper, UT 84020

4 RICHARD BIRD Executive Managing Partner 801.210.1077 x1 [email protected] ROCKWELL POINTE SITE PLAN 14919 South Minuteman Drive, Draper, UT 84020

5 RICHARD BIRD Executive Managing Partner 801.210.1077 x1 [email protected] ROCKWELL POINTE SILICON SLOPES 14919 South Minuteman Drive, Draper, UT 84020

“For years, Salt Lake City, Utah, had little in common with Los Angeles or San Francisco besides a professional basketball team. But that’s quickly changing, as the capital of the Beehive State has become a hub for business investment, developments, and technology.” – James Faris, CSQ.com Silicon Slopes is the voice, hub, and heart of Utah’s startup and tech community.

Spanning from Logan to St. George, Silicon Slopes is a state-wide organization and the official moniker of Utah’s startup and tech community. Thanks to the Silicon Slopes community, Utah is a vibrant, diverse, global innovation hub with some of the greatest entrepreneurs and companies in the world.

Silicon Slopes reaches a unique audience of more than 250,000 on a monthly basis through our various media channels and properties. We organize and host more than 200 events annually, including Silicon Slopes Tech Summit, the largest and most prominent tech event in Utah with more than 15,000 attendees. Silicon Slopes events attract more than 40,000 total attendees over the course of a year.

With more than 6,500 startup and tech companies in Utah, Silicon Slopes is home to entrepreneurs and leaders who have earned global recognition through hard work, a focus on building exceptional companies, and a willingness to give back and serve others. Source: https://newsroom.siliconslopes.com/about-silicon-slopes-3/

6 RICHARD BIRD Executive Managing Partner 801.210.1077 x1 [email protected] ROCKWELL POINTE DRAPER, UT 14919 South Minuteman Drive, Draper, UT 84020

Draper, Utah is located: • 18 Minutes south of downtown Salt Lake City • 20 Minutes south of the Salt Lake International Airport • 35 Minutes north of Provo City • 20 Minutes from the Cottonwood Canyons where you have access to world-class skiing at Alta, Snowbird, Brighton and Solitude • 40 Minutes from Park City ski resorts.

Pluralsight’s new 350,000 SF office and Divvy broke ground on their new Dealertrack DMS Opened their amenities completed in the spring of 150,000 SF headquarters in August new 112,000 SF office space in 2020 in Draper. of 2019 in Draper. Draper in 2019.

7 RICHARD BIRD Executive Managing Partner 801.210.1077 x1 [email protected] ROCKWELL POINTE POINT OF THE MOUNTAIN MASTER PLAN 14919 South Minuteman Drive, Draper, UT 84020

The Draper prison site that is northwest of the Property is set to be vacated sometime in 2022 when the new facility that is currently under construction in west Salt Lake City, opens for business.

The state retained the San Francisco-based architecture, engineering and urban planning firm HOK, as a consultant to help create a vision for how to best utilize the prison site.

The planning scenario calls for a mix of residential, office, retail and light-industrial uses for the prison site, as well as robust, new public transit connections including light rail and bus rapid transit. The hoped-for anchor for the site would be a world- class research/educational facility that, according to a report released by the Point of the Mountain Development Commission, could become a magnet for talent and further investment.

Source:https: //www.deseret.com/utah/2019/9/22/20864506/utah-draper- prison-new-salt-lake-city

8 RICHARD BIRD Executive Managing Partner 801.210.1077 x1 [email protected] ROCKWELL POINTE POINT OF THE MOUNTAIN MASTER PLAN 14919 South Minuteman Drive, Draper, UT 84020

9 RICHARD BIRD Executive Managing Partner 801.210.1077 x1 [email protected] ROCKWELL POINTE DEMOGRAPHICS 14919 South Minuteman Drive, Draper, UT 84020

Population 1 Mile 3 Mile 5 Mile

2020 Total Population: 6,558 49,630 147,115

2025 Population: 7,246 54,255 160,721

Pop Growth 2020-2025: 10.49% 9.32% 9.25%

Average Age: 31.60 32.20 31.90

Households

2020 Total Households: 2,093 13,644 41,870

HH Growth 2020-2025: 10.70% 10.38% 9.87%

Median Household Inc: $104,587 $108,471 $109,496

Avg Household Size: 3.20 3.40 3.40

Housing

Median Home Value: $486,995 $476,041 $427,477

Median Year Built: 2006 2004 2002

Source: CoStar

10 RICHARD BIRD Executive Managing Partner 801.210.1077 x1 [email protected]