Old Highway 91 $695,000 SALE PRICE STARTING AT...Jason Griffith, CCIM office: phone: email: 435.628.1609 435.627.5709 [email protected] 1 Old Highway 91 - AFFILIATED BUSINESS DISCLOSURE

21922

Old Highway 91 Hurricane, Utah 84737

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

Development /Industrial Land

FOR SALE

11 – 33.02± AC

I 15

I 15

SALE PRICE STARTING AT - $695,000

11 ACRES

12 ACRES


FOR SALE

11 – 33.02± ACTable of ContentsEXECUTIVE SUMMARY 2The Offering

PROPERTY OVERVIEW 4Location Map

Property Features

Area Map w/ Traffic Counts

Elevation Map

Residential Subdivisions

Property Photos

MARKET OVERVIEW 10Area Overview

Recent Area Activity

NAI Residential Market Report

5-Mile Demographics


For more information:

Jason Griffith, CCIMoffice: phone: email:

[email protected]

1

Old Highway 91 - 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.


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FOR SALE

11 – 33.02± AC

Executive SummaryThe Offering



The Offering

NAI Excel is pleased to bring this development parcel to market. The property comprises 33.02 acres and is currently zoned PDO (Planned Development Overlay).

Access and Location

The property at the North end of the Gateway Industrial Park. Access is located along Old Highway 91….some 2.4 miles from SR-9. This Subject site is closer to St. Georgethan Hurricane proper. The Subject is veryclose to several lakes and recreational areas.

Development Potential

Hurricane City’s current zoning opens up a wide range of potential uses and developments. The current PDO zoning says:

“The purpose of the PDO zone is to permit a compatible, master planned mix of various uses in combination with open space components on land that has unique or unusual characteristics that warrant customized development requirements. Although development size may vary from location to location, each development is intended to consist of well designed, architecturally integrated structures which are appropriately landscaped and buffered from surrounding land uses.”

Old Highway 91- EXECUTIVE SUMMARY

Property Name: Old Highway 91 Land

Address: Old Hwy 91

Parcel Size: 33.02± acres

Zoning: PDO

Master Plan Zoning: Industrial

Tax ID Numbers: H-4-1-27-221

2017 Property Taxes: $12,327.28

Greenbelt Status: No

Average Daily Traffic: I-15 Traffic: 21915 AADTHwy 91: 1905 AADT

Frontage: Approx 1680’

OFFERING TERMS

SALE PRICE – 11 ACRES

$695,000SALE PRICE – 12 ACRES

$875,000SALE PRICE – 33.02 ACRES

$1,750,000

4


FOR SALE

11 – 33.02± AC


PropertyOverviewLocation Map

Property Features

Aerial Map w/ Traffic Counts

Elevation Map

Residential Subdivisions

Property Photos


Old

Hig

hw

ay 9

1

I 15

I 15

NorthridgeIndustrial Park

Washington County Legacy Park

Winkel Distributing

N

11 ACRES

12 ACRES


Traffic Counts

21915 AADT

1905 AADT

N

Old Highway 91


GatewayIndustrial Park

JBRE HURRICANE LLC...H-4-1-27-22133.02 acres

10' Contours

243 East St. George BoulevardSt. George, Utah 84770

435.628.1609

www.naiexcel.com

© NAI Utah South

Parcel H-4-1-27-221

© NAI Excel - The information portrayed on this map, while not guaranteed, has been secured fromsources deemed reliable. Consult a surveyor for precise boundaries. Map printed 11/7/2017. 0 500250

Feet

Elevation Map10 ' Contours

11 ACRES

12 ACRES


Title

DISCLAIMER: The information shown on this map was compiled from different GIS sources. The land base and facility information on this map is for display purposes only and should not be relied upon without independent verification as to its accuracy. Washington County, Utah will not be held responsible for any claims, losses or damages resulting from the use of this map.

3,009.3

Legend

WGS_1984_Web_Mercator_Auxiliary_Sphere

Feet0 3,009.31,504.66 Notes

OwnershipU.S. Forest Service

U.S. Forest Service Wilderness

Bureau of Land Management

Bureau of Land Management Wilderness

National Park Service

Shivwits Reservation

Utah Division of Wildlife Resources

Utah Division of Transportation

State Park

State of Utah

Washington County

Municipally Owned

School District

Privately Owned

Water

Water Conservancy District

State Assessed Oil and Gas

Mining Claim

SITE

15

15

15

80 80

84

7070

15

SITE


10


FOR SALE

11 – 33.02± AC

MarketOverviewArea Overview

NAI Residential Report

5-Mile Demographics


11


FOR SALE

11 – 33.02± AC

SALT LAKE CITY, UT 303 miles

LAS VEGAS, NV 123 miles

DENVER, CO 631 miles

LOS ANGELES, CA 387 miles

SAN FRANCISCO, CA 684 miles

SEATTLE, WA 1,141 miles

Driving Distance to Major Cities from Property

Location InformationWASHINGTON COUNTY is known for warm winter weather, snowbirds, and beautiful red rock scenery. It has been known as Utah’s Dixie since pioneers settled here in the 1850’s. Championship golf, tennis, walking paths, biking trails, hiking, warm, snow-free winters and year long low humidity all make life attractive here.

Home to the world-renowned Snow Canyon State Park and the Tuacahn Center with its 1,920 seat outdoor amphitheatre and the magnificent Zion National Park, the county has the benefit of a large, ultra-modern convention center and the 1200 seat Cox Performing Arts Theatre that is on the Dixie State College campus.

• POPULATION: Washington County - 144,809 St George - 75,561

• LAND AREA: 2,427 Square Miles• ECONOMY: Median Income of $46,462 with a Cost of Living Index of 90.1 and

an Unemployment Rate of 6.8%• HOUSING: Median house value of $234,800

Ancestor Square

Town Square


CLICK HERE FOR MORE INFORMATION

http://helloarti.com/view/21922


Residential - 2016 MID YEAR MARKET REPORT

+9.6

June 2015 June 2016 + / - Last 6 Months + / -

New Listings 437 525525525525 20.1% 531531531531 2%

Pending Sales 354 424424424424 19.8% 436436436436 20%

Closed Sales 380 420420420420 10.5% 345345345345 7%

Median Sales Price $232,765 $255,000$255,000$255,000$255,000 9.6% $239,506$239,506$239,506$239,506 5%

Average Sales Price $270,778 $294,166$294,166$294,166$294,166 8.6% $274,993$274,993$274,993$274,993 7%

List to Sale Price Ratio 96.8% 97.1%97.1%97.1%97.1% 0.3% 96.6%96.6%96.6%96.6% -3.9%

Days on Market 100 88888888 -12.0% 87878787 -15%

Inventory of Homes for Sale 1486 1327132713271327 -10.7% 1445144514451445 -12%

Months Supply of Inventory 3.9 3.23.23.23.2 -19.2% 4.14.14.14.1 -24%

Building Permits 148 127127127127 -14.2% 131131131131 7%

The source of the data for this report is the MLS, Local Association of Realtors and Construction Monitor.

12 MONTH COMPARISON 6 MONTH AVG

June 2016

0

75

150

Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-160

200

400

600

800

1000

1200

1400

1600

1800


-10%

-5%

0%

5%

10%

15%

20%

25%


% CHANGE IN MEDIAN PRICE

Year over year price change for the six month rolling average.

10.5%

Change in Closed Sales

-10.7%

Change in Inventory

Change inNew Listings

20.1%

BY MONTH 6 MONTH ROLLING AVERAGE

INVENTORY OF HOMES FOR SALE

5.3%

MARKET REPORT – June 2016

WASHINGTON COUNTY

HIGHLIGHTS:

• • •

DAYS ON MARKET



Year-Over-Year

243 E. St. George Blvd. Suite 200, St George, Utah 84770 | (435) 628.1609 | naiexcel.com13

Southern Utah - 5-MILE DEMOGRAPHICS Site MapWashington Fields Dr & 2000 S Washington, UT 84780 NAI ExcelRings: 1, 3, 5 mile radii Latitude: 37.105742

Longitude: -113.5021

August 02, 2016

©2016 Esri Page 1 of 1

1 3 5

Summary Census 2010 2016 2021Population 57,528 68,765 77,730Households 19,124 22,314 25,022Families 14,384 16,817 18,861Average Household Size 2.97 3.04 3.07Owner Occupied Housing Units 12,609 14,495 16,446Renter Occupied Housing Units 6,515 7,818 8,575Median Age 30.5 31.4 32.0

Population by SexMale 28,273 49.1%Female 29,255 50.9%

Households by Income Number Percent Number Percent<$15,000 2,139 9.6% 2,547 10.2%$15,000 - $24,999 2,502 11.2% 2,569 10.3%$25,000 - $34,999 2,624 11.8% 2,786 11.1%$35,000 - $49,999 3,504 15.7% 3,554 14.2%$50,000 - $74,999 4,627 20.7% 4,239 16.9%$75,000 - $99,999 3,041 13.6% 3,827 15.3%$100,000 - $149,999 2,186 9.8% 3,063 12.2%$150,000 - $199,999 832 3.7% 1,233 4.9%$200,000+ 859 3.8% 1,204 4.8%

Median Household Income $51,372 $54,578Average Household Income $68,863 $76,940Per Capita Income $22,774 $25,144

Population by Age Number Percent Number Percent Number PercentAge 0 - 4 5,524 9.6% 6,420 9.3% 7,308 9.4%Age 5 - 9 4,922 8.6% 5,976 8.7% 6,631 8.5%Age 10 - 14 4,402 7.7% 5,356 7.8% 6,161 7.9%Age 15 - 19 4,541 7.9% 4,915 7.1% 5,613 7.2%Age 20 - 24 4,603 8.0% 5,020 7.3% 5,118 6.6%Age 25 - 34 8,298 14.4% 10,394 15.1% 11,615 14.9%Age 35 - 44 5,844 10.2% 7,377 10.7% 9,165 11.8%Age 45 - 54 5,223 9.1% 5,828 8.5% 6,160 7.9%Age 55 - 64 4,907 8.5% 5,950 8.7% 6,340 8.2%Age 65 - 74 4,398 7.6% 5,881 8.6% 6,953 8.9%Age 75 - 84 3,399 5.9% 3,864 5.6% 4,639 6.0%Age 85+ 1,465 2.5% 1,783 2.6% 2,028 2.6%

2021

2021

2016

2016Census 2010

Documents

Old Highway 91 $695,000 SALE PRICE STARTING AT...Jason Griffith, CCIM office: phone: email: 435.628.1609 435.627.5709 [email protected] 1 Old Highway 91 - AFFILIATED BUSINESS DISCLOSURE