COMME RCI AL
PARK EAST BUILDING A A Business Community
PARK EAST 1200 LORI LANE I KAMAS, UTAH
FOR SALE | $6,600,000
Building “A” is now for sale! This is a unique live / work opportunity with, commercial, office,
BUILDING A
and a loft apartment available. Park East is a great location for all types of commerce. The
• 6 COMMERCIAL SPACES
project offers phenomenal visibility from Highway 248 and is located just minutes from Park
• 6 OFFICE SPACES
City, Kimball Junction, Heber Valley, and Kamas Valley.
• 6 APARTMENTS
PROPERTY DETAILS PARK EAST 1200 LORI LANE I KAMAS, UTAH
PARK EAST
A BUSINESS COMMUNITY 1200 LORI LANE HEBER CITY, UTAH 84032 EXCLUSIVELY MARKETED BY:
JOHN TRAVIS
jtravis@ngacres.com 435.640.2972
JILL SNYDER
jsnyder@ngacres.com 801.578.5574
SIX COMMERCIAL SPACES
SIX OFFICE SPACES
SIX APARTMENTS
• Ground level space with 2,100 Square Feet • Distribution / Warehouse / Maxi-storage / Office • Destination Retail • 14 foot overhead doors • 9 to 20 foot ceilings • Gas Heating • 200-3 phase electrical power • Restrooms • Floor drains
• Second Level 1,000 Square Feet • Open Floor Plan • Carpeted • Kitchenette with Refrigerator & Granite Countertops • 3/4 Restroom With Shower • Jujitsu Ductless HVAC
• 912 Square Feet • One Bedroom • Full Kitchen • Washer/Dryer • Full Bath • Hardwood Floors • Granite Countertops • Jujitsu Ductless HVAC
JOHN TRAVIS
435.640.2972 | JTRAVIS@BHHSUTAH.COM
WWW.JOHNTRAVIS.BHHSUTAH.COM
PARK EAST
1200 LORI LANE I HEBER CITY I UTAH I 84032
FLOOR PLANS
PARK EAST 1200 LORI LANE FLOOR PLANS
I KAMAS, UTAH
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FIRST FLOOR COMMERCIAL / INDUSTRIAL FIRST FLOOR SPACE
COMMERCIAL/INDUSTRIAL SPACE
JOHN TRAVIS
435.640.2972 | JTRAVIS@BHHSUTAH.COM
SECOND FLOOR
OFFICE SPACE SECOND FLOOR OFFICE SPACE
MEZZANINE LEVEL
APARTMENT LEVEL MEZZANINE APARTMENT
3 WWW.JOHNTRAVIS.BHHSUTAH.COM 376 East 400 South, Suite 120 l Salt Lake City, Utah 84111 l 801.578.5555 l www.ngacres.com
LOCATION PARK EAST 1200 LORI LANE I KAMAS, UTAH KIMBALL JUNCTION
CANYONS VILLAGE
SILVER CREEK JCT
• APEX • LIFT • VIRIDIAN • PENDRY • YOTEL PAD • FAIRWAY SPRINGS • JUNIPER LANDING
PARK EAST
• THE COLONY
• SKYRIDGE PARK CITY MOUNTAIN • HIDEOUT CANYON • KLAIM • SOARING HAWK
• KING’S CROWN PARK CITY
HIDEOUT
DEER VALLEY RESORT • ST REGIS • STEIN ERIKSEN RESIDENCES • NAKOMA
MAYFLOWER
JORDANELLE RESERVOIR
KAMAS
• TUHAYE EMPIRE PASS
JOHN TRAVIS
435.640.2972 | JTRAVIS@BHHSUTAH.COM
HEBER CITY | MIDWAY
WWW.JOHNTRAVIS.BHHSUTAH.COM
FINANCIALS PARK EAST 1200 LORI LANE I KAMAS, UTAH
Unit
Tenant
1 Frank Sheets
Rent Comm 1/1/19
Termination 12/31/22
2nd Floor
Vacant 7/1/18
6/30/19
2 Sein and Co
10/1/18
9/30/21
11/16.2019
11/15/20
9/1/18
8/31/21
Erik Bergerud Good Skin Again Daniel Ramos
3 Park City Creamery
9/1/18 1/1/19
Joint Software Dev Sean Gralis
4 Vacant
Rich McEwen 5 Humble Dwellings Humble Dwellings Humble Dwellings
6 Lamont Harris
Rate Change Current Rent 1/1/19
$3,825.00
7/1/19
$1,226.40
Pro-Forma 10/1/19 9/1/19
12/31/22
1/1/19
5/1/19
4/30/20
5/1/19
1/15/20
1/31/21 7/14/21
7/15/19
10/1/17
9/1/20
10/1/19
Pro-Forma
Vacant
8/31/21
PARK EAST 2019RENT ROLL
7/15/18
9/1/19 Pro-Forma
$1,500.00 $2,800.00 $1,183.33 $1,250.00 $2,800.00 $1,183.33 $1,250.00 $4,133.33
Yr 2 Rent
$3,825.00 $1,500.00 $1,226.40 $2,856.00 $1,207.00 $1,250.00 $2,870.00 $1,207.00 $1,250.00 $4,216.00
Yr 3 Rent
$3,825.00 $1,600.00 $1,226.40 $2,913.12 $1,231.14 $1,250.00 $2,941.75 $1,231.14 $1,250.00 $4,300.32
2019
$675.00 $350.00 $293.60 $437.00 $208.33 $245.00 $525.00 $241.67 $245.00 $775.00
2020
$749.00 $356.67
CAM Yr 3 Total Yr 1 Total Yr 2 $4,501.00
$293.60
$1,520.00
$1,520.00
$356.67
$1,391.66
$1,563.67
$749.00 $255.00 $749.00 $365.67 $255.00
$1,105.67
$3,237.00 $1,495.00
$3,605.00
$3,325.00
$3,619.00
$1,495.00
$1,495.00
$1,425.00 $4,908.33
$1,572.67 $5,321.67
$1,250.00
$1,250.00
$1,250.00
$255.00 $835.83
$1,426.67
$255.00
$1,495.00 $6,185.16
$6,882.99
$5,850.00
$5,850.00
$5,850.00
$687.00
$1,293.87
$6,537.00
$7,143.87
$5,349.33
$5,456.32
$5,565.45
Lamont Harris Lamont Harris
TOTALS: Total Annual Net Income Cap Rate
JOHN TRAVIS
435.640.2972 | JTRAVIS@BHHSUTAH.COM
$33,600.72
$33,963.72 $34,434.32
$403,208.64
$407,564.64
$413,211.84
6%
6.10%
6.26%
$5,773.43 $8,210.82
WWW.JOHNTRAVIS.BHHSUTAH.COM MICROSITE.COM
PARK EAST BUILDING A 1200 LORI LANE KAMAS, UTAH • 6 COMMERCIAL SPACES • Ground Level 2,100 Sq Ft • 14 foot overhead doors • 9 to 20 foot ceilings • Gas Heating • 200-3 phase electrical power • Restrooms • Floor drains
BUILDING A
• 6 OFFICE SPACES • Second Level 1,000 Sq Ft • Open Floor Plan • Carpeted • Kitchenette • 3/4 Restroom • 6 APARTMENTS • 912 Sq Ft • One Bedroom • Full Kitchen • Washer/Dryer • Full Bath $6,600,000 PC MLS 12001546
i JOHNTRAVIS.BHHSUTAH.COM WWW.
TEAM TRAVIS Your Commercial Connection
JOHN TRAVIS 435 640-2972 jtravis@bhhsutah.com
DANIEL RAMOS 801 520-4929 dramos@bhhsutah.com
354 Main Street, Park City, Utah | BHHSUtah.com © 2020 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity. Information not verified or guaranteed.. Berkshire Hathaway HomeServices and/or its representatives do not warrant or guarantee this information. Information herein was provided by Owner/Seller. Lessee/Purchaser is responsible to confirm any information considered a factor in a decision to lease or purchase.
COMME RCI AL