DEVELOPMENT OFFERING

State Street

South Temple Street DOWNTOWN REDEVELOPMENT OPPORTUNITY THE CARLTON HOTEL AND ANNEX APARTMENTS 140 & 150 East South Temple Street - ,

This offering provides the opportunity to acquire THE CARLTON HIGHLIGHTS INCLUDE: HOTEL AND ANNEX APARTMENTS located on the prestigious • The properties’ D-1 Zoning (Central Business District) allows for South Temple corridor in downtown Salt Lake City. maximum flexibility and supports high-density development, up The two adjacent sites are positioned in the heart of downtown to 375’. and lend themselves to tremendous upside given a significant • Landmark location promotes iconic design and new identity for repositioning and/or redevelopment. the sites Downtown Salt Lake City is experiencing unprecedented growth • Severe lack of remaining development opportunities in the CBD on all fronts, with 5,000 residential units under construction/ • Superior walkability to downtown’s most significant amenities planned (including numerous high-rise luxury towers), numer- including , Harmon’s Grocers, and the state’s ous Class-A office towers, and forward-thinking hotel and leading employers mixed-use concepts.

Name: The Carlton Hotel Annex Apartments Total Address: 140 East South Temple Street 150 East South Temple Street Salt Lake City, Utah Salt Lake City, Utah Building Sizes 27,786 sq. ft. 14,720 sq. ft. 42,506 sq. ft. total (estimated): (3 floors above ground, doesn’t (3 floors above ground and include basement) 1 garden level) Parcel Numbers: 16-06-102-003 16-06-102-004 Site Size: 0.26 acres 0.15 acres 0.41 acres total Zoning: D-1 (Central Business District) Parking: 6 spaces under hotel; numerous for-rent structures nearby Asking Price: $4,465,000 (both buildings to be sold as one transaction) $105 psf (building size) $250 psf (land)

Exclusively Kip Paul Rhett Bue Jorgi Paul Marketed by Vice Chairman - Investment Sales Director - Investment Sales Senior Associate - Investment Sales 801-303-5555 801-303-5416 801-303-5570 [email protected] [email protected] [email protected] DOWNTOWN REDEVELOPMENT OPPORTUNITY

Imagery: Google Earth/ Landsat/Copernicus

39 Minute 39 Minute 40 Minute Drivetime Drivetime Drivetime (approx.) (approx.) (approx.)

80 Sugar House to 215 Park City 215

Historic T  S  80

Sugar House Park 9th & 9th District

TRAX S-Line80

Liberty 1300 South Park

900 South South Temple Street 80 15 TRAX Red Line The Granary District The Avenues TRAX Main Line SITE State Street

CBD and Periphery 400 South

Main Street 200 South

North Temple Street

Intermodal Hub UTA FrontRunner TRAX Blue Line

Exclusively Marketed by Kip Paul Rhett Bue Vice Chairman - Investment Sales Director - Investment Sales 801-303-5555 801-303-5416 [email protected] [email protected] Jorgi Paul Senior Associate - Investment Sales 801-303-5570 [email protected] 170 South Main Street, Suite 1600 Salt Lake City, Utah 84101 Tel 801-322-2000 Fax 801-322-2040 cushmanwakefield.com

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