Property Report

Listing ID: 286629

For Sale: Fort Cedar Commerce Center

Fort Cedar Commerce Center
Cedar City, UT 84720
United States
$625,000
CURRENT
Land SF/$ Per588,060 / $1.06
Acres/$ Per13.50 / $46,296
Property UseAny
ZoningCommercial/Light Industrial
Parcel Number-
T, R, S-, -, -
Land Size13.500 Acres
Bld SF/$ Per-/-
# of Buildings-
# of Units-
# of Stories1
Cap Rate-
Multiplier-
Vacancy-

Property Description

Phase One construction has started at The Fort Cedar Commerce Center which is a 13.5 acre Business/Industrial park located in the heart of Cedar City, Utah with I-15 frontage. Phase One will consist of two 10,000 sf buildings which are divisible to 5,000 sf with secured fenced storage areas that are adjacent to the buildings and two 9,400 sf buildings which are divisible to 1,500 sf. The buildings will be constructed of high quality split-faced cinder block. Each building has no less than an 18' clear span with a mezanine above the office. Each space is designed to have office space built out but will be determined by the end user. Phase One lot sizes range from .29 to .66 acres. Prices start at $625,000 for a 5,000 sf building with lease rates start at $.90 psf.

Phase Two construction is scheduled to commence in May of 2008 with Build-to-Suit options ranging from 5,000 sf to 40,000 sf.

This project is part of a PUD with CC&R's in place to protect the buyers investment.

Area Description

Phase One construction has started at The Fort Cedar Commerce Center which is a 13.5 acre Business/Industrial park located in the heart of Cedar City, Utah with I-15 frontage. Phase One will consist of two 10,000 sf buildings which are divisible to 5,000 sf with secured fenced storage areas that are adjacent to the buildings and two 9,400 sf buildings which are divisible to 1,500 sf. The buildings will be constructed of high quality split-faced cinder block. Each building has no less than an 18' clear span with a mezanine above the office. Each space is designed to have office space built out but will be determined by the end user. Phase One lot sizes range from .29 to .66 acres. Prices start at $625,000 for a 5,000 sf building with lease rates start at $.90 psf.

Phase Two construction is scheduled to commence in May of 2008 with Build-to-Suit options ranging from 5,000 sf to 40,000 sf.

This project is part of a PUD with CC&R's in place to protect the buyers investment.

Property Features

  • Planned Unit Development (CCR's)
  • Fiber Optic Ready (2008)
  • 18' Clear Span Ceilings
  • Private Secured Storage
  • SBA Approved Project
  • High Quality Block Construction
  • Finished Offices & Reception Area
  • Block Walled Fencing
  • Historic Architectural Features
  • Build-to-Suit from 5,000 sf to 100,000 sf

Financial Overview

List Price$625,000
Down Payment-
Cap Rate-
Cash on Cash-
Multiplier-
Financial Terms-
Consider ExchangeNo

Cash Flow

CF TypeActual
Year-
Scheduled Gross-
Reimbursement-
Vacancy-
Effective Gross-
Operating Expenses-
Operating Income-
Debt Service-
Capital Costs-
Cash Flow (pre-tax)-

Debt Information

Debt TypeActual
Debt Service-
Principal-
Interest Rate-
Amortization-
Due-
Loan Description-

General Property Information

Property UseAny
Land SF588,060.000 Sf
Land Acres13.500 Acres
Building SF-
Bld SF/$ Per-/-
# of Buildings-
# of Units-
# of Stories1
Year Built2008
Built YetNo
Building Class-
ZoningCommercial/Light Industrial
Parcel Number-
# Grade Dock Doors-
# Dock High Doors-
Heating DescriptionHeat Pump In Offices, Gas Heaters In Warehouse
Cooling DescriptionHVAC In Offices, Swamp Coolers In Warehouse
SprinklersYes
RailroadNo
CranesN/A Or Unknown
Warehouse %-
Lighting Description-
Power DescriptionTBD
Clearance Height18
Parking Description-
BroadbandYes
GasYes
WaterYes
ElectricYes
Craig Butler
Benjamin+Butler Development Group
702-932-9295