st. george, ut 84790 · ground level doors 6 dock | interiors 7 dock doors | exterior 5 sprinklers...

24232

Jason Griffith, CCIMoffice: direct:

435.628.1609435.627.5709

243 E. St. George Blvd. Suite 200St George, Utah 84770(435) 628.1609 | naiexcel.com

Offered By:

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPAL. NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE TO BE IMPLIED. THE INFORMATION PORTRAYED ON THE MAP, WHILE NOT GUARANTEED, HAS BEEN SECURED FROM SOURCES DEEMED RELIABLE. CONSULT A SURVEYOR FOR PRECISE BOUNDARIES.

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OFFERING MEMORANDUM

1586 E. Venture DriveSt. George, UT 84790

[email protected]:

https://excelcres.com/our-team/jason-griffith/

https://excelcres.com/

mailto:jasong%40naiexcel.com?subject=

Jason Griffith, CCIM NAI Excel | naiexcel.comOffered By: 2

04 Executive Summary

05 Property Highlights

06 Maps

14 Aerial Photos

18 Property Photos

26 Demographics

Content


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1586 E. Venture Drive - AFFILIATED BUSINESS DISCLOSURE & CONFIDENTIALITY AGREEMENT

AFFILIATED BUSINESS DISCLOSURE

NAI EXCEL operates with many subsidiaries and affiliates in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property management, GIS Services, and development. In all instances, NAI EXCEL will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.

CONFIDENTIALITY AGREEMENT

This offering contains selected financial information pertaining to the Property and does not purport to be a representation of the current financial state of the Property, to be all-inclusive, or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and have been gathered from sources deemed reliable. Certain assumptions have been made relating to the general economy, market conditions, competition and other factors beyond the control of seller and NAI EXCEL. Therefore, all projections, assumptions and other

information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced herein. Interested parties are expected to review and confirm all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Neither the seller or NAI EXCEL, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; Purchasers are to rely solely on its investigations and inspections of the Property in evaluating a possible purchase of the real property.

The seller expressly reserves the right, at its sole discretion, to reject any or all offers to purchase the Property, and/or to terminate discussions with any entity at any time, with or without notice, which may arise as a result of review of this Memorandum.

By receipt of this Memorandum, you agree that this Memorandum and its contents are confidential in nature, that you will hold and treat such in the strictest confidence and that you will not disclose this Memorandum, or any of its contents, to any other entity without the prior written authorization of the seller or NAI EXCEL.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, please delete or return this Memorandum to NAI EXCEL.




Executive SummaryThe OfferingNAI Excel is pleased to present this state-of-the-art manufacturing plant in Southern Utah. At 237,000 SF, this facility is the largest manufacturing plant in the St. George area; which includes 15,903 SF of office space. The property is marketed at $14,920,000.

Utilities: Power Like No Other / Natural GasThe facility has an astounding 32,000 AMPS of 3-phase power at 277/480v distributed by eight (8) 4000-AMP transformers. At least 24,000 amps (in 6 transformers will stay with building). The facility does not currently use natural gas. But, Questar Gas has confirmed that ample capacity is available at the curb to service any user requirement. The building has fiber optic for bandwidth needs.

ConstructionThis building is quality tilt-up construction with a minimum clear height of 24.58 feet. The floor thickness is 7 inches reinforced with #5 rebar 12” OC. Additional plant attributes include: pump room, compressor room, maintenance shop, cooling tower, wood shop, and internal loading docks. The pump and compressor room equipment not included with the building.

Expansion / Conversion to a Distribution CenterThe property sits on 22 acres. The South side of the building was designed with expansion in mind. This area could be storage yard, or the South side of the building could be converted to truck docks, or additional building expansion.

Interstate Access and Excellent LocationSt. George has been selected by many corporations’ as the site for their distribution center (DC) because of its central mid-West location. Local DCs include Walmart, Family Dollar, and Orgill. St. George places half a dozen major metro markets within a day’s drive. The new St. George Airport is located minutes away.


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ADDRESS1586 E. Venture Dr.St. George, UT 84790

LOT SIZE | ACRES 22±

YEAR BUILT 2006

BUILDING SIZE | SQFT 237,003±

MAIN OFFICE | SQFT 15,903±

MANUFACTORING | SQFT 221,000±

POWER 3-Phase

AMPS 24,000 AMPS

VOLTS 277/480v

ELECTRIC SERVICE Dixie REA

NATURAL GAS No

TYPE OF CONSTRUCTION Tilt Up Concrete

FLOOR THICKNESS 7” with 5” Rebar 12”OC

CRANES (STAYING W/BUILDING) Three 3-Ton | One 4-Ton

WHRS ENVIRONMENTAL Full HVAC

RAIL SPUR None

FIBER SERVICE Yes

CLEAR HEIGHT MIN 24.85’

CLEAR HEIGHT MAX 29.51’

COLUMN SPACING 25x60

ROOF TYPE TPO

DOCK LEVELERS Yes, Manual

GROUND LEVEL DOORS 6

DOCK | INTERIORS 7

DOCK DOORS | EXTERIOR 5

SPRINKLERS Yes, Wet

SKYLIGHTS None

PARKING SPACES 249 + motorcycle

YARD Yes

FENCED No

CCTV SECURITY Yes, Inside & Outside

Property Highlights

ZONING M-1

TAX ID SG-5-3-20-212-CD

# OF BUILDINGS One

2017 ASSESSOR VALUE $13,748,600

2017 PROPERTY TAX $142,256.76

CC&R’S Yes

OFFERING TERMS

SALE PRICE

$14,920,000



https://www.dixiepower.com/

http://eweb.washco.utah.gov:8080/recorder/taxweb/account.jsp?accountNum=0814404

http://eweb.washco.utah.gov:8080/recorder/taxweb/account.jsp?accountNum=0814404


Maps• Interstates

• Drive times of major cities in the Western United States

• St. George Area

• Industrial Parks

• Fort Pierce Industrial Park

• Location

• Building Plan

• Office Plan

SITE

I 15

I 15

I 15

I 15

I 80

I 80

I 70

I 84

I 80

VIEW GOOGLE MAP



https://www.google.com/maps/place/1589+E+Venture+Dr,+St+George,+UT+84790/@37.030452,-113.55327,17z/data=!4m13!1m7!3m6!1s0x80ca5036e17c2a0f:0xd98918cda1af0eb8!2s1589+E+Venture+Dr,+St+George,+UT+84790!3b1!8m2!3d37.030452!4d-113.5510813!3m4!1s0x80ca5036e17c2a0f:0xd98918cda1af0eb8!8m2!3d37.030452!4d-113.5510813


I 15

I 15

I 15

Fort Pierce Industrial Park

St. George

Bloomington Hills

Washington

Little Valley

SITE

Sun River

Bloomington

St. GeorgeAirport

2

4

6

8

Riv

er R

oad

River

Roa

d

River Road

Riverside Drive

Riverside Drive

Bluff Street

Brigham Road

Southern Parkway

Southern Parkway

Southern Parkway

Southern Parkway

River R

oad

5Dixie Drive

NPARCEL OUTLINES FOR ILLUSTRATION PURPOSES ONLY



http://cbcadvisors.com/fpip/

https://www.sgcity.org/

https://www.flysgu.com/


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NPARCEL OUTLINES FOR ILLUSTRATION PURPOSES ONLY

Riv

er R

oad

FORT PIERCE INDUSTRIAL PARK

Riv

er R

oad

Commerce Drive

Commerce Driv

e

Factory Driv

e

1630

Eas

t16

30 E

ast

3950 South

3850 South

Venture Drive

Venture Drive

Beehive Drive

DISTRIBUTION CENTER

SITE



N

St. George Truss

Under Construction

SITE

1630 East

1630 East

Venture Drive

Venture Drive

Venture Drive

River Road

River Road

Under Construction

DISTRIBUTION CENTER

Commerce Drive

Commerce Drive

PARCEL OUTLINES FOR ILLUSTRATION PURPOSES ONLY




960 ft.

Lot Size:+/- 22.22 AC

1000

ft.


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1

3

6

4

5

2

1 - Entrance/Offices2 - Garbage Docks3 - Expansion Area4 - IT Server Room5 - Oversized Overhead Door6 - Internal Docks



960 ft.

Lot Size:+/- 22.22 AC

1000

ft.


6

7

4

5

1

2

3

1 - Landscaping2 - Controlled Access3 - Roof Access Stairs4 - Pump Room5 - Security Cameras6 - Wood Shop7 - Security System




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ADDITIONAL OUTSIDE STORAGE AND BUILDING EXPANSION AREA

8.47 ACRES

Venture DriveVenture Drive

528 feet

128 feet340 feet

344

feet

311 feet

980 feet



Jason Griffith, CCIM NAI Excel | naiexcel.comOffered By: 14Jason Griffith, CCIMOffered By:

Aerial Photos




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MANUFACTURING OFFICE

221,100 SF

15,903 SF

GARAGE DOCKS

INTERNAL DOCKS

WOOD SHOP

REPAIR SHOP

COMPRESSOR ROOM

WATER PUMP ROOM

COOLING TOWER

MANUFACTURING/WAREHOUSE

OFFICE AREA




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SERVER ROOM

TRAINING CLASSROOM

RECEPTION AREA

MAIL/COPY

MEN’S RESTROOM

CONFERENCE ROOMS

WOMEN’S RESTROOM

LOCKER ROOM

CAFETERIA

NURSE STATION



Reception Area


PropertyHighlights• 15,903 SF of offices

• CCTV security system

• Control access doors

• Server room with fiber optic

• Executive break room

VIEW VIRTUAL OFFICE TOUR& EXTERIOR 360o VIEWS

https://my.matterport.com/show/?m=NkLZdK5SMZ8




Conference Room

Conference Room

Classroom


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Employee Break Room

Employee Break Room

Employee Break Room

Executive Office Break Room




Warehouse


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Warehouse




Warehouse Electrical

Electrical


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The industrial sector is bringing a significant number of new jobs to Las Vegas as more companies are discovering it as a distribution hub. Amazon, Fanatics, Bed Bath and Beyond, and many others have built facilities in Las Vegas to accommodate their expansion plans. Spec construction has also been on the rise with some notable successes. Prior to completion, Scannell properties was able to lease its 340,000 SF spec building to a global logistics company with the assistance of NAI Vegas.

Approximately 8 million SF of space is complete or under construction with the vast majority of it in the north Las Vegas and south east/Henderson areas. With the new development, the average vacancy rate has risen slightly to 7% and industrial lease rates leveled at $6.75 for warehouse and $10.17 for flex space.

IndustrialLAS VEGAS

Asking Lease Rates

(Annual PSF NNN)

Low

High

Average

Vacancy

Total Vacancy

2016 Year End Inventory

Built Year To Date

2017 Year To Date Inventory

Land Value PSF

CAP Rates

Under Construction

Absorption

Warehouse

$6.00

$9.60

$6.75

6.9%

Flex

$7.80

$12.00

$10.17

7.4%

7.0%

123,678,000

2,304,000

125,982,000

$5-10/SF

5.5-6.5%

5,521,000

1,445,000

Industrial Projects

NAME

4490 Nexus Way

3515 N Las Vegas Blvd

7015 Corporate Center Dr

7300 Eastgate Rd

6580 Lindell Rd

8385 Eastgate (multiple)

SWC E Ann Rd

Donovan & Lamb Blvd

SWC E Ann & N Sloan Ln

Ann Rd & Lamb Blvd

1775 Executive Airport Dr

3910 Alto Ave

N Lone Mountain Rd

Wigwam Pkwy

N Las Vegas

N Las Vegas

SW Las Vegas

SE LV/Henderson

SW Las Vegas

SE LV/Henderson

N Las Vegas

N Las Vegas

N Las Vegas

N Las Vegas

SE LV/Henderson

N Las Vegas

N Las Vegas

SE LV/Henderson

SF

558,000

546,000

296,000

240,000

213,000

307,000

1,000,000

813,000

602,000

571,000

400,000

339,000

247,000

197,000

EST COMP

Q3 2017

Q2 2017

Q3 2017

UC

Q1 2017

Q3 2017

Q4 2017

Q4 2017

Q4 2017

Q4 2017

Q4 2017

Q4 2017

Q4 2018

Q4 2017

Market

Airport/E LV

C Las Vegas

N Las Vegas

NW Las Vegas

SE LV/Henderson

Speedway

SW Las Vegas

W Las Vegas

Totals

Total

Inventory

15,022,211

13,458,765

35,459,256

906,102

16,178,818

3,766,613

30,431,850

10,758,391

125,982,006

%

Vacant

8.1%

4.1%

8.1%

5.6%

6.9%

5.9%

6.7%

6.2%

7.0%

YTD Net

Absorption

48,259

43,464

516,574

53,934

340,633

97,100

275,799

69,120

1,444,883

SF Under

Const

27,000

< 10,000

4,479,019

< 10,000

980,240

< 10,000

35,000

< 10,000

5,521,259

Quoted

Rates

$8.96

$8.32

$5.62

$11.20

$6.62

$5.32

$8.25

$9.10

$7.16

VIEW MARKET STATISTICS FOR OFFICE,

RETAIL, INDUSTRIAL & MULTIFAMILY AT

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'07 '08 '09 '10 '11 '12 '13 '14 '15 '16 YTD'17

$0.00

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

Q4'07 Q4'08 Q4'09 Q4'10 Q4'11 Q4'12 Q4'13 Q4'14 Q4'15 Q4'16 Q3'17

Warehouse Flex

Asking Lease Rates

Warehouse Flex

YTD'17

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

Q4'07 Q4'08 Q4'09 Q4'10 Q4'11 Q4'12 Q4'13 Q4'14 Q4'15 Q4'16 Q3'17

Average Vacancy Rate

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

8,000,000

Q4'07 Q4'08 Q4'09 Q4'10 Q4'11 Q4'12 Q4'13 Q4'14 Q4'15 Q4'16 YTD'17

Completions in SF

'07 '08 '09 '10 '11 '12 '13 '14 '15 '16 YTD'17

YTD'17

YTD'17




Demographics

SITE

1 Mile 3 Mile 5 Mile

Population 7 15,731 41,747

Median Age 15.0 32.9 36.6Average HouseholdSize

0 3,167 10,749

Total Businesses 51 336 1,418

Total Employees 728 3,687 15,923Average Household Income

$95,459 $101,591 $87,323 Median Household Income

$0 $75,227 $61,940

Per Capita Income $30,973 $30,691 $22,847



27

243 E. St. George Blvd. Suite 200St George, Utah 84770(435) 628.1609 | naiexcel.com

Offered By:

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPAL. NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE TO BE IMPLIED. THE INFORMATION PORTRAYED ON THE MAP, WHILE NOT GUARANTEED, HAS BEEN SECURED FROM SOURCES DEEMED RELIABLE. CONSULT A SURVEYOR FOR PRECISE BOUNDARIES.

FOR

SALE | IN

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FOR MORE INFORMATIONhttp://helloarti.com/view/24232

Jason Griffith, CCIMoffice: direct:

[email protected]:

VIEW VIRTUAL OFFICE TOUR& EXTERIOR 360o VIEWS


VIEW MARKET STATISTICS FOR OFFICE,

RETAIL, INDUSTRIAL & MULTIFAMILY AT

excelcres.com/market-research/

VIEW GOOGLE MAP


http://helloarti.com/view/24232


mailto:jasong%40naiexcel.com?subject=


https://excelcres.com/market-research/

https://www.google.com/maps/place/1589+E+Venture+Dr,+St+George,+UT+84790/@37.030452,-113.55327,17z/data=!4m13!1m7!3m6!1s0x80ca5036e17c2a0f:0xd98918cda1af0eb8!2s1589+E+Venture+Dr,+St+George,+UT+84790!3b1!8m2!3d37.030452!4d-113.5510813!3m4!1s0x80ca5036e17c2a0f:0xd98918cda1af0eb8!8m2!3d37.030452!4d-113.5510813

st. george, ut 84790 · ground level doors 6 dock | interiors 7 dock doors | exterior 5 sprinklers...

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