Park East - For Sale

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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

Rent Comm

Termination

1 Frank Sheets

1/1/19

12/31/22

2nd Floor

Vacant

PARK EAST 2020 RENT ROLL

Rate Change Beginning Rent

Yr 2 Rent

Yr 3 Rent

CAM 2020 CAM 2021

1/1/19

$3,825.00

$3,825.00

$3,825.00

$675.00

$749.00

Pro-Forma

$1,500.00

$1,500.00

$1,600.00

$343.33

$356.67

CAM Yr 3 Total Yr 1 Total Yr 2 $4,501.00

7/1/18

7/31/21

7/1/20

$1,255.00

$1,255.00

$1,260.00

$270.01

$270.01

$1,520.00

$1,520.00

10/1/18

9/30/21

10/1/20

$2,800.00

$2,856.00

$2,913.12

$720.00

$749.00

$3,520.00

$3,605.00

9/1/18

8/31/21

9/1/20

$1,183.33

$1,207.00

$1,231.14

$343.33

$356.67

$1,526.66

$1,563.67

11/16.2019

11/15/20

$1,250.00

$1,250.00

$1,250.00

$245.00

$255.00

$1,495.00

3 Park City Creamery

1/1/19

12/31/22

1/1/21

$2,800.00

$2,870.00

$2,941.75

$721.00

$749.00

$3,521.00

$3,619.00

Joint Software Dev

9/1/18

8/31/21

9/1/20

$1,183.33

$1,207.00

$1,231.14

$343.33

$365.67

$1,526.66

$1,572.67

Joni Brooks

5/1/19

8/31/21

5/1/21

$1,255.00

$1,255.00

$1,255.00

$265.00

$265.00

$1,495.00

$1,495.00

Pro-Forma

$4,133.33

$4,216.00

$4,300.32

$775.00

$1,105.67

$4,908.33

$5,321.67

Erik Bergerud 2 Sein and Co Good Skin Again Daniel Ramus

4 Vacant

Pro-Forma

Vacant Rich McEwen 5 Humble Dwellings

1/15/20

1/31/21

$1,250.00

$1,250.00

$1,250.00

$255.00

$255.00

$1,495.00

7/15/18

7/14/21

7/15/20

$5,349.33

$5,456.32

$5,565.45

$1,373.33

$1,426.67

$6,722.66

$6,882.99

10/1/17

9/1/20

10/1/20

$5,850.00

$5,850.00

$5,850.00

$1,300.00

$1,373.33

$7,150.00

$7,223.33

$33,997.32 $34,472.92

$7,629.33

Humble Dwellings Humble Dwellings 6 Lamont Harris Lamont Harris Lamont Harris

TOTALS:

$33,634.32

Total Annual Net Income Cap Rate

JOHN TRAVIS

at $6,600,000.00

435.640.2972 | JTRAVIS@BHHSUTAH.COM

$403,611.84 6%

$407,967.84 6.18%

$413,675.04 6.27%

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.

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