s offering emorandum simages3.loopnet.com/d2/ix4s0r5rj1hpr7lkvm49vjoj2g61_bocgpi4c… · utah is...
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This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been
secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its Logo are registered service marks owned by Coldwell
Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2018
Brad [email protected]
Sky Hazlehurst6550 S Millrock Drive Suite 200, Salt Lake City, Utah 84121
Exclusively Marketed by:
RESORTOFFERING MEMORANDUM7877 US 89
WELLSVILLE UT 84339
Brad Brown
Sky Hazlehurst
6550 S Millrock Drive Suite 200, Salt Lake City, Utah 84121 (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2018
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EXECUTIVE SUMMARY
SELLER 1Total Land: 705.54 acres
Price: $16,500,000.00
This property consists of the Sherwood Hills Golf Course, Sherwood Hills Resort and surrounding land in the Sardine Canyon.
Parcels:10-053-0006 &10-053-0010 & 10-053-0014, 10-071-0103-0114, 10-071-0203-0216, 10-071-0303-0316)
SELLER 2Total Land: 203.26
Price: $1,850,000.00
Includes the Sherwood Hills Golf Course and Club House
Parcels: 10-050-0006, 10-062-0007, 10-053-0013, 10-053-0016
Brad Brown
Sky Hazlehurst
6550 S Millrock Drive Suite 200, Salt Lake City, Utah 84121 (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2018
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AREA OVERVIEW | WELLSVILLE AREA
Cache County is located on the northern edge of Utah, United States. As of the 2010 Census the population was 117,449[1] Its county seat and largest city is Logan.[2] The county was created in 1856 and organized the next year.[3] It was named for the fur stashes, known in French as Caches, made by many of the Rocky Mountain Fur Company trappers.
The Cache Valley and surrounding mountains are located in the county, which reaches up to the Idaho border. Sardine Canyon stretches from Brigham City Utah, to Logan Utah. It is filled with Utah Maple that burns red each fall, with such a dramatic intensity that it becomes simply overwhelming. Also known as Brigham City Canyon, and Wellsville Canyon, Sardine follows US 89/91.
TRANSPORTATION:Direct Highway Access
Airport Access: Salt Lake Iinternational Airport: 71 minutes Ogden Airport: 37 minutes Logan Airport: 28 minutes
Cache County Population: 117,449Box Elder County Population: 49,475
Brad Brown
Sky Hazlehurst
6550 S Millrock Drive Suite 200, Salt Lake City, Utah 84121 (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2018
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AREA OVERVIEW
UTAHUtah has a population of 3,029,951 (2016), 80% of the population being in the Wasatch Front with the center of population in Lehi (the western neighbor of Saratoga Springs). In 2013, the U.S. Census Bureau estimated that Utah had the second fastest-growing population of any state, facilitated by the creation of over 150,000 new jobs and the state’s high focus on families. Utah is home to 13 universities and 11 colleges, with 30.6% of the adult population having a bachelor’s degree or higher.
ECONOMYUtah No.1 Best Economic Outlook for 2015-ALEC Rich States, Poor States
Utah ranked Top Performer in the Nation-U.S. Chamber of Commerce, 2014
Utah ranked No. 1 in Forbes Magazine for Best States for Business, 2014
Utah ranked No. 1 in the nation as the Best State for
Business -24/7 Wall St. report, 2014
The Country’s Best Managed State-The Pew Center on the States
Salt Lake City ranked in Top 15 Cities in the World for Business by Fortune Magazine
Salt Lake City made Top 10 List for Best Downtowns- Livability.com
Home to nearly 7,000 technology companies
Brad Brown
Sky Hazlehurst
6550 S Millrock Drive Suite 200, Salt Lake City, Utah 84121 (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2018
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OPPORTUNITY OVERVIEW
Beautiful Mountain Resort
• Fully operational Golf Course• Large indoor Pool & Hot tub with waterfall• 10 Room Luxurious Spa, including:• Sauna, Pedicures, water massage room etc.• Indoor Racquetball Court & Basketball Court• Outdoor Tennis Court
• Fully Equipped 6,000sf Full Service Restaurant• 20,000 SF Event Space• Unique Luxury Rooms• Beautiful Scenery all four seasons• Unparalleled majestic Mountain Views• Abundant wild life:• Elk, Deer, Turkeys, Geese etc.
Brad Brown
Sky Hazlehurst
6550 S Millrock Drive Suite 200, Salt Lake City, Utah 84121 (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2018
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OPPORTUNITY OVERVIEW | HIGHLIGHTS
Various Mountain Activities Available:• Hiking, Snow-shoeing, Snowmobiling, Golfing, Hunting, Boating (Mantua Lake 11 minutes away)
• Convenient alternative vacationing spot to Bear Lake
• The rental vacancy rate for Bear Lake (which includes single-family homes, apartments, and mobile homes) was 4.9 percent as of 2016.
• Secluded mountain get-away within 15 minutes of Logan & Brigham City.
Brad Brown
Sky Hazlehurst
6550 S Millrock Drive Suite 200, Salt Lake City, Utah 84121 (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2018
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OPPORTUNITY OVERVIEW | FLOOR PLANS
Brad Brown
Sky Hazlehurst
6550 S Millrock Drive Suite 200, Salt Lake City, Utah 84121 (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2018
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OPPORTUNITY OVERVIEW | HIGHLIGHTS
Brad Brown
Sky Hazlehurst
6550 S Millrock Drive Suite 200, Salt Lake City, Utah 84121 (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2018
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CONCEPTUAL SITE PLAN
UTAH
Cache County, Utah
DRIVE TIMELOCATION MINUTES
Brigham City 14
Logan 20
• Direct Highway Access• Airport Access:
• SLIA: 71 minutes• Ogden Airport: 37 minutes• Logan Airport: 28 minutes
Brad Brown
Sky Hazlehurst
6550 S Millrock Drive Suite 200, Salt Lake City, Utah 84121 (P) 801.947.8300
This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2018
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AERIAL
Brad Brown
Sky Hazlehurst
6550 S Millrock Drive Suite 200, Salt Lake City, Utah 84121 (P) 801.947.8300 11
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This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2018
NEARBY RETAIL | BRIGHAM CITY
Brad Brown
Sky Hazlehurst
6550 S Millrock Drive Suite 200, Salt Lake City, Utah 84121 (P) 801.947.8300 12
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This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2018
NEARBY RETAIL | LOGAN CITY