FOR LEASE OR SALE Sale Price: $3,970,835 Multi - Unit Office Warehouse Lease Rate: $.65/SF NNN 5241 South Commerce Drive, Murray UT 84107
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FOR LEASE OR SALE Sale Price: $3,970,835 Multi - Unit Office Warehouse Lease Rate: $.65/SF NNN 5241 South Commerce Drive, Murray UT 84107 Seller will consider selling 5241- 5245 and 5247-5251 as separate properties 34,529 SF Total 8,719 SF Office 25,810 SF Warehouse Stew Knight 801.913.4990 KREA [email protected] Knight Real Estate Advisors knirea.com This statement, with the information it contains, is given with the understanding that all negotiations relating to the sale, purchase, or lease of the property described above shall be conducted through this office. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Buyer or tenant to verify the square footage. 5251 5241 5247 5245 5241 (Unit A): 5245 (Unit B): 5247 (Unit C): 5251 (Unit D): • 10,175 sq. ft. total • 8,790 sq. ft. warehouse • 7,406 sq. ft. total • 8,158 sq. ft. total − 880 sq. ft. 2nd level office − 5,921 sq. ft. main warehouse − 560 sq. ft. 2nd level office − 4,079 sq. ft. 2nd level office − 880 sq. ft. main level office − 1,355 sq. ft. rear warehouse − 560 sq. ft. main level office − 350 sq. ft. office main level − 6,720 sq. ft. warehouse − 104 sq. ft. storage − 6,286 sq. ft. warehouse − 3,729 sq. ft. warehouse − 250 sq. ft. laundry − 1,410 sq. ft. office/bathrooms • (1) 12’ x 14’ GL door • (1) 12’ x 14’ GL door − 645 sq. ft. wash/groom area • (1) 10’ x 12’ GL door • Clear Height 12’– 14’ − 800 sq. ft. outside storage building • Clear Height 15’ 5” • (1) 10’ x 10’ GL door • Potential Clear Height 20’ • (1) 12’ x 10’ GL door • Floor Drain • Clear Height 15’ 5” • Floor Drain • (1) 8’ x 8’ GL door • 200A • Floor Drain • 200A • Clear Height 20’ • 200A • Airlines • Floor Drain • 600A Lease Rate: $.65/SF NNN KREA 5241 South Commerce Drive, Murray UT 84107 PROPERTY INFORMATION 1,355 SF 2nd Level Office 104 SF Storage 5241 5245 5247 5251 B 8,415 WH 7,380 WH 1,760 OFF 1,410 OFF 10,175 TOTAL 8,790 TOTAL UNLEASHED KB SIGNS KREA 5241 South Commerce Drive, Murray UT 84107 PROPERTY INFORMATION PROPERTY INFORMATION AREA INFORMATION Building Size 34,529 SF Minutes from UTA TRAX Station—Murray Central Station Office 8,719 SF Near Intermountain Medical Center, Costco, The Pointe@53rd Shopping Center, and other retail and restaurants Warehouse 25,010 SF Immediate Access to I -15 at 5300 South Storage 800 SF Central Salt Lake Valley Location Land Size 1.24 Acres Zoned MU ( Mixed Use) Fire Sprinklers Yes Ground Level Doors 6 Clear Height 12-20’ Power 3 Phase 240V Parking Stalls 36 Built: 1960 Tax I.D. 21-12-402-010 (.85 Acres) 21-12-402-011 (.39 Acres) RENT ROLL Tenant Name Suite Square Feet Lease End Date Monthly Rent/SF Monthly Rent Lease Type Unleashed Dog Hotel A 10,175 SELLER WILL CONSIDER SALE/ LEASEBACK Vacant B 8,790 $.65 $5,713.50 NNN KB Signs C 7,406 04/30/2021 $.45 $3,335.85 NNN Vacant— REMODEL D 8,158 TBD TBD NNN KREA 5241 South Commerce Drive, Murray UT 84107 PROPERTY INFORMATION MURRAY CITY, UT As the hub of Salt Lake County, Murray City provides a solid foundation for truly great businesses to thrive. The community's strong medical, transportation, retail/professional office, educational and community services provide a more than ideal setting for businesses. With two of the finest medical facilities in the Salt Lake Valley, exceptional health care contributes to a diverse and stable economy in Murray. Mur- ray City offers excellent transportation amenities including ideal access to Interstate 15 and Interstate 215 in addition to TRAX and Frontrunner stops, which contribute to key Transit Oriented Development areas. An extremely well-educated workforce, with a family median income of $61,000 a year, supports and encourages a robust retail and professional office environment including the Fashion Place Mall with 1,057,100 square feet of retail area, and The Pointe@53rd with 130,00 square feet of retail area. Murray City offers superior and cost-effective services to residents and commercial businesses. Murray is expected to exceed 50,000 residents in 2020. Source: Murray City. www.murray.utah.gov KREA 5241 South Commerce Drive, Murray UT 84107 LOCATION OVERVIEW Utah AAA Bond Rating Moodys, S&P, Fitch (January 2019) UTAH Utah #1, Best State for Jobs U.S News (2019) Utah’s location at the crossroads of the western United States means travelers enjoy easy access to The Greatest Snow on Earth, The Mighty Five national parks and every- Utah #1, Fiscal Management thing in between. Conning's State of the States Report (June 2019) Salt Lake City is the urban heart of Northern Utah’s vibrant Wasatch Front. A city Utah #1, Economic Outlook known equally for its thriving downtown as its backyard mountain range, Salt Lake City ALEC-Laffer State Economic Competitiveness Index (2018) offers cosmopolitan amenities in an easy-to-navigate urban setting. The city is just a stone’s throw from hundreds of miles of trails for hiking, running and exploring and a Utah #1, Most Independent State dozen ski resorts, including four within 30 minutes. This unparalleled proximity has Fox Business (June 2019) earned Salt Lake the distinction of being the only “Ski City.” Source: Utah Office of Tourism Utah #2, Best State Economy USA Today (August 2018) Utah is also an increasingly vibrant, diverse, global innovation hub with some of the greatest entrepreneurs and companies in the world, referred to as Silicon Slopes of Utah #4 Overall, Best States 2019 Ranking Utah. www.siliconslopes.com (#2 Economy, #3 Infrastructure, #5 Fiscal Stability) US News (2019) KREA 5241 South Commerce Drive, Murray UT 84107 LOCATION OVERVIEW Population 1 Mile 3 Mile 5 Mile 2024 Projection 12,007 151,459 421,081 2019 Estimate 11,250 143,579 399,565 2010 Census 10,884 131,382 369,644 Trend 2019—2024 1.31% 1.07% 1.05% Households 1 Mile 3 Mile 5 Mile 2024 Projection 4,543 59,004 153,225 2019 Estimate 4,238 55,949 145,306 2010 Census 4,124 51,200 134,235 Income 1 Mile 3 Mile 5 Mile Trend 2019—2024 1.40% 1.07% 1.07% 2019 Avg. HH Income $70,168 $75.925 $82,453 2024 Avg. HH Income $81,396 $89,290s $96,043 2019 Med. HH Income $57,444 $58,040 $62,677 2024 Med. HH Income $67,071 $68,312 $73,818 Trend Med HH Income 2019—2024 3.15% 3.31% 3.33% KREA 5241 South Commerce Drive, Murray UT 84107 DEMOGRAPHICS SITE KREA 5241 South Commerce Drive, Murray UT 84107 AERIAL Site THE POINTE@53RD SHOPPING CENTER Site Stew Knight 801.913.4990 [email protected] KREA knirea.com Knight Real Estate Advisors .