$1,785,000 FOR SALE ($29.75 per sq. ft.) 7.47 Acres Excellent High Tech Work Force Community With High Work Ethic

Transcription

1 Investment Property Offering Autometer Mfg Bldg 677 W 100 N Ephraim, UT $1,785,000 FOR SALE ($29.75 per sq. ft.) 7.47 Acres Excellent High Tech Work Force Community With High Work Ethic Presented By: Tom Heal, CCIM 226 W 2230 N #220 Provo, UT (801)

2 Table of Contents Executive Summary 1 Additional Information 2 Advisor Profile

3 Disclaimer DISCLAIMER This Marketing Brochure has been prepared to provide summary, unverified, information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Sperry Van Ness has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contamination substances, PCB s mold or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Sperry Van Ness has not verified, and will not verify, any of the information contained herein, nor has Sperry Van Ness conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. CO-OPERATING BROKER FEE Sperry Van Ness has a policy of pro-active broker co-operation with the investment brokerage community. A co-operating broker fee of three percent (3%) of the sales price shall be paid at closing to a co-operating broker that represents the buyer acquiring this property. It is Sperry Van Ness policy not to pay fee to brokers that represent themselves as Principals.

4 Autometer Mfg Bldg Executive Summary 677 W 100 N Ephraim, UT List Price $1,785,000 Price per S.F. $29.75 CAP Building S.F. 60,000 No. of Dock High Doors 2 No. of Ground Level Doors 2 No. of Doors With Levelers 2 Land Acres ,000 s.f Manufacturing Facility Cross Street Tax Parcel Number Market Sanpete County Sub Market Ephraim Year Built 1989 Roof Type Metal, Pitched Zoning Type Manufacturing No. of Buildings 1 Percent Office Space % HVAC Yes Percent Air Conditioned % No. of Stories 1 Clear Height Sprinkler Type Wet Property Descriptions Area Ehpraim has an excellent labor market of 16,600 Construction This steel building was constructed by Sperry Rand as a high tech manufacturing facility in approximately The south end of the building has anti-static flooring. Electrical 277/480 Volt, 3 Phase, 300 KVA Environmental The building has a 20,000 sq. ft. serviced by a gas forced air heating system. It has 40,000 sq. ft. which is gas fired radiant heat. The front offices, restrooms, lunchroom is cooled by 11 tons of mechanical coolers. The manufacturing area has evaporative cooling system. A Phase 1 Environmental Report has been completed and is available for review. Property The property is partially landscaped with sprinkling system. It has securing fencing with three gate openings. The property has 50,000 sq. ft. of manufacturing area; 5,000 sq. ft. of office space; 1,700 sq. ft. of restrooms and lounges; 1,300 sq. ft. of lunch room; and 2,000 sq. ft. of support and service area. Parking 110 Stalls Fully Paved and Striped Major Tenants Formerly Sperry Rand.

5 Work Force Letter regarding the Sanpete County work To whom this may concern: My name is Randall Clayton. I'm writing this note to anyone who may have a need for the best work force that I have ever found in my 30+ years of manufacturing experience. Why do I say this? After helping start up six different manufacturing plants in four different locations across this great nation of ours, I can say with out a doubt that the people in Sanpete Valley are the most dedicated, trained, professional and talented work force that one could ever hope for. Let me tell you why this is. This is not some high fallootin educated study that was done. It is just from my experience of working with thousands of workers over the years. After our move to Ephraim, we were charged with: 1.providing extra light assembly capabilities for our company, 2.learning the art of printed circuit board assembly and providing the rest of our company with p.c. boards, which we had never manufactured before, and 3.reinventing our Heavy Duty Battery Test Equipment line including R & D, engineering, marketing and sales. Keep in mind that except for a turkey processing plant about 10 miles away and a prison about thirty miles away, we would be 'the place to work' in the Sanpete valley! When people heard about our company coming to town, they lined up to apply for work. [The same should be true today.] The light assembly ramp up was a breeze because the previous company that owned the facility was a computer manufacturer. People were trained in that type of work and more importantly wanted to work! The average age of the Ephraim work force was probably years older than our other two facilities. This maturity was great because maturity brought better attendance and productivity and very low turnover. The printed circuit board lines were more of a challenge technically. The printed circuit line supervisor that had previously worked in the facility wanted to supervise the p.c. line again. She preferred the p.c. work to being a turkey proctologist at the processing plant. With her experience, and the ability to hire local technicians and engineers, we were able to get the p.c. line up in record time and install a brand new state of the art surface mount line. We brought all p.c. work in house and provided boards for all three facilities in our corporation. The greatest challenge of all was to bring together all the talent needed to have a stand-alone division by resurrecting our failing test equipment division. To our absolute amazement, we were able to find locally talented managers & engineers in every discipline that we needed. After three years, we had managed to totally revamp our product line and increase sales by about 300%!

6 Work Force - Page 2 The bottom line is that Ephraim has THE BEST work force I have ever experienced. People that live in Sanpete Valley love living there and are now driving miles to work for the privilege of being able to raise their families in such a great place. People want to stay in the valley and will reward any employer with above average dedication to their job for the privilege of having work locally. Many of these workers are eagerly awaiting a decent job again close to home. If you set up shop in Ephraim, you will probably never run an ad for manufacturing jobs again! We rarely did. And finally the facility; It was the finest of our three facilities. The infrastructure is all there for most any kind of light to medium manufacturing. About 60% of the roof is only three years old with a high quality white membrane installed. It is beautifully landscaped with mature trees and shrubs. There are 7+ acres that will allow for expansion if needed. (There is parking for about 110 cars. A security fence surrounds the property. Well, I realize that I have only written a short paragraph on the building that we are selling. You must see it to appreciate what a nice facility is available at a discounted price. You can inspect the building and see what value you are getting but the ultimate value will be in the workforce. If you have any more questions, please give me a call at I will be happy to help you or direct you to someone who can. Sincerely, Randy Clayton

7 1. Additional Information

8 Location Map

9 Photos 1 Manufacturing Area Manufacturing Area Manufacturing Area

10 Photos 2 Main Street Access South View of Building Outside Dock Area

11 Photos 3 Main Entry Office Area Conference Room

12 Photos 4 Inside Dock Area Rest Room Area Rest Room Area

13 Photos 5 Conference Room Manufacturing Area Parking Area

14 History Since the 1850s, Sanpete County's history has revolved around the rivalry of its four leading towns--mt. Pleasant, Gunnison, Manti, and Ephraim. Ephraim, long portrayed as the epitome of "the Utah farm village," refused to concede primacy of place to its nearest competitor, even though Manti captured both the county seat and one of Utah's first four Mormon temples. In the 1950s, Ephraim finally eclipsed all its rivals in size and two decades later passed the Census Bureau's magic 2,500 mark to become Sanpete's only urban place. Brigham Young's appointment of Canute Peterson as president of Sanpete Stake in 1877 enabled Ephraim to serve as church seat and become in 1888 the site of the stake academy, the forerunner of Snow College. The school grew very slowly, not moving into its first permanent building for nearly 20 years. Not until after the LDS Church turned the school over to the state in 1932 did it become a bonafide two-year college. The school now ( ) numbers nearly 2,500 students and rivals agriculture as an economic base for Utah's smallest college town. Snow College has had a much more enduring impact on Ephraim's growth than the ephemeral railways, agricultural businesses, and light industries once located on the west side of town. The college has also made Ephraim the most cosmopolitan place in Sanpete, connecting it with the other towns and the rest of the state through its manifold programs. Education Utah ranks among the leading states in the educational attainment of its population. In the year 2000, 90.7 percent of Utahns aged 25 and over completed high school and 26.9 percent earned a bachelor's degree or higher. The state s system of public, private, and parochial schools provides a high-quality educational experience for the nearly one-half million students in elementary and secondary programs. In 2002, 30,337 high school students graduated. Utah ranked #2 in the nation for higher education spending (Sourcebook 2003) Utah ranks 2nd in the nation for percentage of households with computers (Sourcebook 2003) Utah schools have 93% Internet access in one or more classrooms; the national average is 84.2% (US Department of Commerce, Utah Education Network) In , Custom Fit Training provided training to 20,612 individuals, from 795 companies

15 Ephraim City Businesses that quality C-1 zone designated enterprise zone are: A through 7375 computer services, software, systems design, data processing, etc. B computer related services C business services (telemarketing firms only) Businesses that quality C-2 zone designated enterprise zone are: A through 7375 computer services, software, systems design, data processing, etc. B computer related services C business services (telemarketing firms only) D repair services Businesses in the following SIC categories are eligible for tax credits in enterprise zones: A through 3999 manufacturing industries B through 4231 warehousing C through 7375 computer services, software, systems design, data processing, etc. D computer related services E business services (telemarketing firms only) F welding repair G armature rewinding shops H repair services Industries providing employment: Educational, health and social services (38.9%), Retail trade (11.2%)

16 HIGHWAY 132 Exit 261 SPANISH FORK HERITAGE HIGHWAY 89 INTERSTATE HIGHWAY MAJOR HIGHWAY SCENIC BYWAY Exit 252 PAYSON SPANISH FORK CANYON for more information visit: W W W. S A N P E T E. C O M or call: SECONDARY ROAD UNPAVED ROAD SKYLINE DRIVE Santaquin Thistle Tucker SNOMOBILE TRAIL / TRAILHEAD SNOWMOBILE PLAY AREA to Price DESIGNATED CAMPGROUND HORSE / HIKING TRAIL MT. NEBO SCENIC LOOP ATV / JEEP / OHV TRAIL RECREATION / POINTS OF INTEREST For National Forest Reservations call: Indianola 9 Scofield SCOFIELD LAKE STATE PARK 2 3 NEPHI Exit 225 Gooseberry Reservoir 4 1 Milburn 10 5 Exit MAPLE CANYON 2 Fountain Green Fairview Fairview Museum Fairview Lakes Electric Lake Clear Creek Scipio 28 YUBA LAKE STATE PARK 29 Levan Painted Rock Boat Ramp 3 Freedom Wales EPHRAIM MANTI Chester Pigeon Hollow Jct. 7 Moroni Manti Temple 24 Snow College Yearns Lake Hill 23 5 MT. PLEASANT Spring City Pete's Hole Soup Bowl 21 Huntington Reservoir Potter's Ponds 19 Joe s Valley Res. Cleveland Reservoir Miller Flat Reservoir Huntington Orangeville to Price Fayette Gunnison Res. Snow Lake Castle Dale GUNNISON Centerfield Sterling Ninemile Res. Mayfield 8 PALISADE STATE PARK Duck Fork Reservoir 26 Cove Lake 25 Ferron Reservoir Willow Lake MILLSITE LAKE STATE PARK 27 Axtell Spinners Reservoir Emery Reservoir Ferron Redmond Blue Lake Henningson Reservoir SALINA Exit 56 Exit 72 Emery Richfield Exit 89 Historic Cove Fort Marysvale

17 Sanpete County is located in the center of the state of Utah. It is bordered on the north by Utah County, on the east by Carbon and Emery Counties, on the south by Seiver County and on the west by Juab and Millard Counties. Sanpete County s Elevation is 5,500 feet and the county covers about 1,588 square miles. Sanpete County was settled in the 1850s by Danish and Swedish settlers. Sanpete County clearly reflects its pioneer origins and is in the process of restoring and preserving many pioneer historic sites in their ambitious Heritage Projects throughout the county. Sanpete County is Utah's agricultural county. It is the largest wool producer in the state. It is the largest turkey producer in the state. They also have a considerable number of dairy and beef operations. Surround this rural tranquility with majestic mountains and cover its communities with the clearest blue sky in the state of Utah and you will discover one of the most beautiful places on earth. From austere pioneer beginnings, Sanpete Valley has grown into an important agricultural center. Sanpete County livestock breeding programs have resulted in purchases and shipments all over the world. Because of its productivity and high quality work done by local residents, industrial firms have come to realize that Sanpete County makes an ideal location for their plants. Products made in Sanpete County are shipped all over the United States. Wearing apparel, hunting knives, bulk turkey feeders and bulk truck beds, quality vacation trailers and campers are just some of the many items that find their way nation wide from Sanpete County. Sanpete County is one of the top 10 turkey producing counties in the United States and the top turkey county in the state of Utah. Turkey farmers in Sanpete raise 4.8 million turkeys per year that weigh 20 lbs. each or more. Sanpete is the #1 wool and sheep producer in Utah. Most Sanpete sheep produce high-quality wool that is used to weave fine wool fabrics. Sanpete County is #4 in dairy and #7 in beef production in Utah. 7,500 dairy cows provide milk for families throughout Utah. In addition to other crops, farmers grow alfalfa hay on 35,000 acres of land to feed farm and ranch animals throughout the year. Snow College, Wasatch Academy, The Church of Jesus Christ of Latter -day Saints, and the three High Schools of Sanpete County provide culture and opportunity that cannot be surpassed anywhere in Utah. The Mormon Miracle Pageant, held in July each year, attracts 100,000 interested viewers each year. From the Americas before Christ - to New York State in the 1820's - to the present, the Mormon Miracle Pageant spotlights historical and theological Mormonism, in fact and feeling. Nowhere else, not in Utah, in American or anywhere in our world is there a spectacle of a white temple built upon a hill, commanding for thirty miles, the sweeping distances of mountain and valley. Upon this beautiful hill, at the base of the Temple is presented annually, The Mormon Miracle Pageant. Fishing and hunting are among the most popular sports in Sanpete County. Nature has graced this area with streams and lakes well-stocked with rainbow trout and other fish. Those who do not enjoy fishing, look forward to hunting season and the chance to head for the mountains and

18 forests where deer and elk abound. Occasional bear and mountain lions make exciting trophies. Geese and duck are plentiful across the marshlands of the County. Inhabiting the valley floor are thousands of pheasants. Increasing rapidly in popularity are the winter sports of snowmobiling and cross-country skiing. Some of the best terrain for these sports in the entire western U.S is found in Sanpete County. Fairview Canyon offers downhill skiing. A 75-mile motor tour along "Skyline Drive" affords a spectacular panoramic view, from 10,000 feet elevation on clear days the mountain ranges of Colorado and Nevada are visible. Sanpete County provides ample parks, picnic areas, tennis courts and swimming facilities. Spacious gymnasiums and lighted athletic fields are also prevalent, accommodating the highly competitive sports of baseball, football, and track. Competitive leagues such as the American Legion, Junior League, Little League, Bantam Basketball, Lions Club and Jaycees organizations, receive the support of the entire community. High School and College basketball games are the main attraction for sports minded Sanpete County residents during the winter months. Sanpete County s population has grown steadily since the late 1950 s.*most of the people from Sanpete have European, Scandinavian or Hispanic ancestors.*almost half of Sanpete County s population is 24 years old and younger. Education is important in Sanpete County. Over 80% of residents complete high school. Sanpete has 8 elementary schools, 2 middle schools, and 3 high schools. Sanpete also has Wastach Academy, a private high school; and Sanpete Academy, an alternative school. Other forms of employment include medical clinics and hospitals; city, county and state governments; all levels of education; building and construction; bed & breakfasts, motels, hotels, resorts, and ranches; fast food and sit down restaurants; grocery, furniture, hardware, crafts, and other types of stores.

19 677 W 100 N Ephraim, UT Demographics Report 1.00 Mile Ring 3.00 Mile Ring 5.00 Mile Ring POPULATION 1990 Population 1,093 3,481 3, Population 1,439 4,694 4,710 % Population Change % % % 2006 Total Population 1,495 4,910 4, Total Population 1,632 5,369 5,388 % Population Change % 4.60 % 4.63 % % Population Change % 9.35 % 9.33 % 2006 Total Households 462 1,309 1, Total Households 507 1,448 1,457 % Households Change % % % % Households Change % % % 2006 White Population 1,174 4,197 4, Black Population American Indian/Alaska Native Asian/Hawaiian/Pacific Islander Other Population (Incl 2+ Races) Hispanic Population Non-Hispanic Population 1,187 4,401 4, Per Capita Income $13,236 $12,367 $12, Median Household Income $36,211 $36,812 $36, Average Household Income $42,831 $46,389 $46, Household Income < $10, Household Income $10,000-$14, Household Income $15,000-$19, Household Income $20,000-$24, Household Income $25,000-$29, Household Income $30,000-$34, Household Income $35,000-$39, Household Income $40,000-$44, Household Income $45,000-$49, Household Income $50,000-$59, Household Income $60,000-$74, Household Income $75,000-$99, Household Income $100,000-$124, Household Income $125,000-$149,

20 2006 Household Income $150,000-$199, Household Income $200,000-$249, Household Income $250,000-$499, Household Income $500, Average Household Size Total Owner Occupied Housing Units Total Renter Occupied Housing Units Total Daytime Population 1,570 3,455 3, Total Daytime Work Population 695 1,016 1, Total Establishments HOUSEHOLDS 1990 Households Households 425 1,182 1,188 % Households Change % % %

21 2. Advisor Profile

22 Tom Heal, CCIM Advisors Sperry Van Ness Tom Heal, CCIM, serves as a senior advisor for Sperry Van Ness, specializing in the sale of self storage properties in the Mountain West Region including Utah, Arizona, Nevada and Idaho. With over 33 years of commercial real estate experience, he has secured a career transaction sales volume valued at well over $1 billion. Tom founded and has been owner of Tom Heal Commercial Real Estate, Inc. since 1974, a full-service commercial real estate company. He was a commercial real estate appraiser for thirteen years, in which he testified as an expert witness in various Utah courts. Tom Heal, CCIM Senior Advisor Sperry Van Ness Tom also has corporate real estate experience having served as regional vice president of real estate for a Kemper Insurance Company in Dallas, Texas. His extensive background includes providing investment analysis, feasibility and market studies, negotiation and brokerage services to his clients. As an active member of the community, Tom has served on various boards including a trustee of Utah Valley State College, a past president of their Alumni Board, and Chair of the Utah Valley State College Foundation. He is currently a trustee and board member of the Provo Theatre Company. Tom is a past member of the Provo Rotary Club, and a past member/investor of the Economic Development Corporation of Utah. Heal is designated a CCIM (Certified Commercial Investment Member) of the CCIM Institute, which is the highest and most prestigious designation offered in the commercial real estate industry. He is also a member of the National Association of Realtors and the Utah Association of Realtors.