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JORDAN VALLEY TECH CENTER I 698 West Shields Lane (10000 South) - South Jordan, Utah

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JORDAN VALLEY TECH CENTER I 698 West Shields Lane (10000 South) - South Jordan, Utah INVESTMENT OFFERING JORDAN VALLEY TECH CENTER I 698 West Shields Lane (10000 South) - South Jordan, Utah HIGHLIGHTS INCLUDE: This Investment Offering provides the opportunity to acquire the JORDAN VALLEY TECH CENTER I OFFICE BUILDING, located • The property will be vacant and available for a new tenant as in South Jordan/Sandy, one of Utah’s fastest growing areas. Sit- of March 1, 2020 (currently leased by Ivanti, an IT software uated on 6.50 acres, the 105,068 square foot, five-story building company). The space may accommodate either single or multi- features a contemporary built-to-suit design and approximately tenant design. 21,000 square foot floorplates. • Prime Value-Add or Owner-User opportunity • One of the single, most-central locations along the Wasatch PROPERTY INFORMATION Front; appeals to a diverse and highly-educated labor force Building Size: 113,432 gross sq. ft. • Direct proximity to The Cairns, one of the Salt Lake Valley’s 105,068 rentable sq. ft. premier developing mixed-use urban areas in Sandy Site Size: 6.50 acres • Attractive basis to acquire property at $165 psf, well below replacement costs of approximately $250 psf Parcel Number: 27-12-301-001 • Anticipated lease rate of $25.50 psf FS offersan attractive Age: 2002 alternative to newly constructed Silicon Slopes properties, which average $29.00 psf FS Zoning: I-F • Beautiful architectural design with high-quality interior finishes Parking: 462 spaces - 4.40/1,000 sf ratio • Transit-oriented location; FrontRunner high-speed commuter Sales Price: $17,336,000 ($165 psf) train South Jordan Station located within one mile • Impressive surrounding residential market The JORDAN VALLEY TECH CENTER I OFFICE BUILDING is • 1,500 Apartment Units are under construction/ well-positioned to provide solid, consistent returns in one of the planned/prospective country’s most exciting office markets. Premium location, attrac- • South Jordan (along with adjoining Riverton and tive basis to acquire and access to the country’s leading employ- Herriman cities) boast one of every four newly ment demographics all combine to deliver a unique opportunity constructed homes in Utah in the thriving Salt Lake commercial real estate market. Exclusively Kip Paul Jorgi Paul Mike Richmond Marketed by Vice Chairman - Investment Sales Associate - Investment Sales Executive Director - Leasing 801-303-5555 801-303-5570 801-303-5434 [email protected] [email protected] [email protected] JORDAN VALLEY TECH CENTER I There are three primary urban feel markets in the Salt Lake Valley – transit-oriented lifestyle. Direct access to signifi cant amenities includes The Downtown, Sugar House and The Cairns, in Sandy. The Cairns dense mixed- Shops at South Town (Utah’s second highest-volume mall), Rio Tinto Stadium use, 1,100-acre city center off ers some of the state’s best-in-class housing, (home to Utah’s MLS team), the 850-seat Hale Center Theatre, and the Jordan entertainment and shopping experiences – all with an emphasis on a River Parkway bike and walking trails. The property’s surroundings also deliver some of Utah’s strongest 9000 South demographics: River Oaks • Median home value of $440,900 Golf Course • Average Household Income of $124,000 Legends at River Oaks Apts 448 Units • Median age of 33 years 700 East Pheasant Hollow Business Park 172,155 ADT Green Leaf East Village Apts UTA FrontRunner 336 Units JORDAN VALLEY TECH CENTER I Park at City Center Apts 330 Units The Hills at Sandy Station Apts San Marino Apts 15 207 Units 320 Units Shields Lane (10000 South) J or da n R TRAX Light Rail iver Sandy Pa rk Urban w State Street a Center y T Jordan Gateway ra il The Shops at South Town and Vicinity Dry Creek at East Village Apts 282 Units Mulligans The Cairns Development Golf & Games Key Employers Jordan Station Apts State of River Park Utah City Hall 302 Units 10600 South South Jordan Parkway 15 Imagery: Google Earth/ Landsat/Copernicus UTA FrontRunner Exclusively Marketed by Kip Paul Jorgi Paul Vice Chairman - Investment Sales Associate - Investment Sales 801-303-5555 801-303-5570 [email protected] [email protected] Mike Richmond Executive Director - Leasing 801-303-5434 [email protected] 170 South Main Street, Suite 1600 Salt Lake City, Utah 84101 Tel 801-322-2000 Fax 801-322-2040 cushmanwakefield.com Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. path: 1- Projects/Paul, K/1 - Flyers/698wShieldsLane.
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