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Lumber Building

ELI MILLS SENIOR VICE PRESIDENT+ 1 801 869 8029ELI.MILLS@CBRE.COM

FOR MOREINFORMATIONPLEASE CONTACT

F O R S A L EH I S T O R I C

R A R E O W N E R / O C C U P I E R O P P O R T U N I T Y

E X C E P T I O N A L T R A N S I T - O R I E N T E D L O C A T I O N

The Salt Lake Lumber Building, is a rare turn-of-the century historic building in downtown Salt Lake. Originally built as the Morrison-Merrill Lumber Company Office, the property is historically significant as one of Utah’s largest and most important lumber company offices. Built in 1909, the property is one of only a few existing turn of the century office buildings. The property is listed on the National Register of Historic Places.

EXTRAORDINARY TRANSIT ORIENTED LOCATIONThe property is located ½ a block from the North Temple Station. This is one of only three transit stations in the state of Utah offering light rail, high-speed commuter rail and bus in the same location. The Salt Lake Lumber Building is one of the best transit served office buildings in the state of Utah.

HIGHLY WALKABLEThe property is highly walkable to retail, entertainment and cultural venues of the city. The Gateway, a regional shopping, dining and entertainment destination, the 4th West Grocery Market, along with all of the retail surrounding Vivint Smart Home Arena are within a 2-block walk of the property.

SUMMARYEXECUTIVE

Lumber Building

INVESTMENT ANALYSISThe property is ideal for a owner/occupant to control operating costs long term or as an investment for company owners. See Eli Mills for a financial analysis.

Designed by renowned architect,

William Lepper, who also designed the Salt Lake Hardware

Building

P R O P E R T Y O V E R V I E W

ADDRESS 205 NORTH 400 WEST, SALT LAKE CITY, UT 84103

YEAR BUILT 1909

NET RENTABLE AREA 26,997 SF

FLOORS 1-3 (GARDEN LEVEL WITH 3 STORIES ABOVE GRADE)

CEILING HEIGHTS ~11’ (FLOOR 1-3)

PRICE $6,100,000

OVERVIEWPROPERTY

ATTRACTIVE LOAN OPTIONSThe property is ideally suited for an SBA 504 loan with estimated terms of, 10% down, 25 year amortization, and a 3% interest rate. Terms subject to change based on market conditions. Please see Doug Birrell for details.

PROPERTY HIGHLIGHTS

Rare historic building with original character

and elements

Exceptional location ½ block from the Nor th Temple Station, a regional transpor tation hub connecting, high-

speed, light-rail, and bus rapid transit

Exceptional freeway access,less than 1 mile from

the 600 Nor th freeway interchange

2 block walk to regional entertainment & shopping district

Highly desired creative office space

~11’ ceiling heights creating an open

air feel

FEDERAL INCOME TAX CREDITS AND LOANS• The Salt Lake Lumber Building qualifies for a Federal Income Tax Credit for buildings listed in the National Register of Historic Places• The tax credit is for qualified income-producing building rehabilitations up to 20% of cost of an approved rehabilitation• Qualifying restoration work includes historic, decorative, and structural elements as well as mechanical systems• Approval must be obtained from the National Park Service (NPS) prior to beginning work• Low interest loans may be available through Preservation Utah for building exteriors improvements, mechanical and electrical systems and interior finishes

ACREAGE: 0.5

ADA COMPLIANCE:FULLY COMPLIANT (AUDITED 3 YEARS AGO). INCLUDES WHEELCHAIR RAMP, ELEVATOR, BATHROOMS & DEDICATED PARKING

ADDRESS: 205 NORTH 400 WEST, SALT LAKE CITY, UT 84103

CEILING HEIGHT: ~11’ (FLOORS 1-3)

COMMON AREA AMENITIES:

KITCHENS ON EACH FLOOR, LARGE BREAKROOM IN THE BASEMENT, STORAGE ON EVERY FLOOR

ELECTRICITY: ROCKY MOUNTAIN POWER

ELEVATORS/STAIRS: 1997 MITECH 4-STOP, 2,500 LB. CAPACITY

EXTERIOR: BRICK

FIBER: FIRSTDIGITAL PROVIDES FIBER, INTERNET & PHONES. ALSO WIRED FOR INTEGRA

FIRE/LIFE SAFETY: FIRE ALARM & SPRINKLER SYSTEM

FLOOR COVERINGS: 2X6 FLOOR JOISTS COVERED IN MAPLE HARDWOOD FLOORING

FOUNDATION: SANDSTONE-CONCRETE

FRAMING: BRICK MASONRY, HEAVY TIMBER POST & BEAM CONSTRUCTION

FRONTAGE: APPROX. 170' ON 400 W. & 195' ON 200 N.

HVAC:"RESIDENTIAL-STYLE" SPLIT SYSTEM WITH 17 UNITS (2 DEDICATED TO SERVER ROOM) PLUS 2 COMMERCIAL ROOFTOP UNITS

INGRESS & EGRESS: 1 DRIVE OFF 400 W. & 1 DRIVE OFF 200 N.

INTERIOR CEILINGS: WOOD

INTERIOR WALLS: BRICK, GLASS, CHROME, DRYWALL

LIFE/SAFETY:EDWARDS EST FIRE ALARM SYSTEM; CENTRAL SPRINKLER COMPANY FIRE SPRINKLERS. UPGRADED EXTERIOR PARKING LOT LIGHTING IN 2019.

LIGHTING: FLUORESCENT LIGHTING

NATURAL GAS: QUESTAR

PARCEL ID: 08-36-328-011

PARKING: 40 SPACES ON SITE. THE CURRENT BUILDING OWNER RENTS 45 EXTRA SPACES @$42 EACH

PLUMBING: FLOOR GRINDER SYSTEM INSTALLED MID-2000'S

RESTROOMS:SET OF MEN & WOMEN'S BATHROOMS ON EACH FLOOR. UNISEX BATHROOMS WITH SHOWERS IN BASEMENT.

ROOF:60MIL PVC ROOF SYSTEM MANUFACTURED BY SIKA-SARNIFIL, INSTALLED IN 2019 & WARRANTED FOR 15 YEARS.

SECURITY: ADT BRIVO CLOUD BASED ACCESS SYSTEM (HARDWIRED, SUBSCRIPTION SERVICE)

SEWER PROVIDER: SALT LAKE CITY

STORIES: 3 STORIES PLUS BASEMENT

TELEPHONE PROVIDER: FIRSTDIGITAL VOIP SYSTEM

TRASH SERVICES: SALT LAKE CITY

WATER PROVIDER: SALT LAKE CITY

WINDOWS & FRAMES: WOOD WITH SANDSTONE LINTELS & SILLS

YEAR BUILT: 1909

ZONING: TSA-UC-C (URBAN CENTER TRANSIT STATION)

B U I L D I N G S P E C I F I C A T I O N S

BUILDING HIGHLIGHTS• Exposed heavy timber

post & beam construction• Exposed Brick & Stone Walls• Wood staircase in entry• Maple flooring• Exposed wood ceilings• Brick arches around windows

• Open ceilings with exposed ventilation & wiring systems

• Potential rooftop deck overlooking downtown SLC

• New roof in 2019 with 15 year warranty

• 40 on-site parking stalls

DOWNTOWN LOCATIONEXCEPTIONAL

AWARD WINNING TRANSPORTATIONThe property is ideally positioned by the North Temple Station with TRAX Light Rail, FrontRunner Commuter Rail and UTA bus rapid transit. The Sale Lake Lumber building has one of the best public transit locations in the state of Utah. Additionally, the property is only 1 mile from the I-15 600 North interchange.

NORTH TEMPLE

FRONTRUNNER STATION

15INTERSTATE

80INTERSTATE

Lumber Building

NORTH TEMPLE

LIGHT RAIL STATION

PLANETARIUM LIGHT RAIL

STATION

BUS RAPID

TRANSIT STATION

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400 SOUTH

1 MILE

.5 MILE

100 SOUTH

300 NORTH

.5 MILE RADIUS• Atelier• Barbiere Barber Shop• Bingham Ciclery• Caputo’s Market & Deli• Dollar Tree• Firestone• Homewood Suites by Hilton• Jade Market Rio Grande• Landis Aveda Lifestyle Salon

• Red Rock Brewing Company• Salt Lake Nails• THE GATEWAY MALL*• Uptown Cheapskate 1 MILE RADIUS• Atelier• Big O Tires• CITY CREEK CENTER*• Crossroads Guitar Shop

• Dollar Tree• Family Dollar• FedEx Office• Gateway Bridal & Prom• Harmon’s Grocery• HIlton Garden Inn• House of Guitars• Maverik• O’Reilly’s• Residence Inn by Marriott

• Rite Aid• Rocky Mountain Diamond Co.• Roots Flowers• Smith’s• UPS Store• Uptown Cheapskate• US Bank• Western Nut Company• Zion Printing

.5 MILE RADIUS• Children’s Museum• Clark Planetarium• Discovery Gateway• Gateway Aesthetic• THE GATEWAY MALL*• In the Venue• Kiln.• Megaplex Theatres• Metro Fitness• Mystery Escape Room

• Olympic Legacy Plaza• Rio Grande Depot Museum• Sanctuary Day Spa• The Complex• The Depot• The Sun Trapp• Urban Arts Gallery• Virtualities• Vivint Smart Home Arena• Wasatch Theatre• Wiseguys Comedy Club

1 MILE RADIUS• 801 Event Center• Abravanel Hall• Avant Groove Jazz Club• Brewvies Cinema Pub• Capitol Theatre• Church History Museum• CITY CREEK CENTER*• Club JAM• Eccles Theater• Gallivan Center

• Getout Games• Marmalade Public Library• Rose Wagner Performing• Arts Center• Salt Palace Convention Center• Sky SLC• Temple Square• Utah Museum of• Contemporary Art• Utah Opera

.5 MILE RADIUS• Bout Time Pub & Grub• Bruges Waffles & Frites• California Pizza Kitchen• Caputo’s Market & Deli• Carlucci’s Bakery• City Café• Chedda Burger• Chile-Tepin• Costa Vida• Cucina Toscano• Dave & Busters• Finca• Fleming’s Prime Steakhouse• La Barba Coffee• Laan Na Thai

• MidiCi• Panda Express• Pallet Bistro• Seabird Bar & Vinyl Room• Tacos Hidalgo• The Rose Establishment• Tucanos Brazilian Grill

1 MILE RADIUS• Bambara• Benihana• Blue Iguana• Blue Lemon• Bocata• Brio Tuscan Grille• BTG Wine Bar

• Buca di Beppo• Caffe Molise• Cheesecake Factory• Chunga’s• Copper Canyon Grill• Cucina Toscana• Denny’s• Jimmy John’s• Lake Effect• Leatherby’s Family Creamery• McDonald’s• Melting Pot• P.F. Chang’s• Pallet Bistro• Pizza Hut• Poplar Street Pub

• R&R BBQ• Red Iguana• Red Rock Brewing Co• Ruth’s Chris Steakhouse• Schlotzsky’s Deli• Settebello Pizzeria• Simply Sushi• Squatters Pub• Starbucks• The Cheesecake Factory• The Red Iguana• Takashi• Valter’s Osteria• Weinerschnitzel• Wendy’s• Zest Kitchen & Bar

EAT & DRINK

AMENITIES

RETAIL

THE GATEWAY• Bastille• Bath & Body Works• Buckle• G-Star Raw• GameStop• Rocket Fizz

• Rocky Mountain Choc. Factory• Salt & Honey• The Store (Grocery)

• The Walking Co.• Tresor Jewlers• Victoria’s Secret

CITY CREEK CENTER•Alex and Ani•American Eagle• Anthropologie• Apple• AT&T• Athleta• Aveda• Banana Republic• HUGO BOSS• Brooks Brothers• Clarks• Clarks• Coach• Cotton:On• Express• Fanzz• Foot Locker• Forever 21• Free People• Gap

• H&M• J. Crew• Lululemon • LUSH• Macys• Madewell• Michael Kors• Microsoft• Nordstrom• Restoration Hardware• Salomon• Sephora• Tiffany & Co.• Tumi• Vans• West Elm• Zagg• Zumiez

WALKABLE RETAIL

15INTERSTATE

80INTERSTATE

@ 4th West (Grocery)

Lumber Building

FLOOR PLANS

BASEMENT

OPEN OFFICE

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VAULT

OPEN OFFICE

OPEN OFFICE OFFICE

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OPEN OFFICE

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ELEVATOR

LOBBY CORRIDORS

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MAIN FLOOR

* Slight modifications to the building have occured which are not reflected on the floor plans above.

FLOOR PLANS

SECOND FLOOR

THIRD FLOOR

OFFICE

OPEN OFFICE

OFFICE

OFFICE

OFFICE

OFFICE

OFFICE

OFFICE

VAULT

OFFICE OFFICE

OPEN OFFICE

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CONFERENCE ROOM

OFFICE

OFFICE

OPEN OFFICE

OFFICEOFFICE

OFFICE

OFFICE

OFFICE FILE ROOM

OPEN OFFICE OPEN OFFICE

LOBBY

CLO

SETS

BREA

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* Slight modifications to the building have occured which are not reflected on the floor plans above.

Lumber Building

H I S T O R I C

ELI MILLS Capital Markets | Institutional Properties

Senior Vice President+ 1 801 869 8029eli.mills@cbre.com

DOUG BIRRELLCapital Markets | Debt & Structured Finance

Senior Vice President+ 1 801 869 8041

doug.birrell@cbre.com

FOR MORE INFORMATION, PLEASE CONTACT:

2 0 5 N O R T H 4 0 0 W E S T , S A L T L A K E C I T Y , U T

© 2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.