BROKER OPINION OF VALUE

Transcription

1 PREPARED FOR: Mike Martin Silver Stream Health & Rehabilitation 7877 US 89, WELLSVILLE UT BROKER OPINION OF VALUE 6550 S Millrock Dr., Suite 200, Salt Lake City, Utah P This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved.

2 ASSET HIGHLIGHTS This property consists of the Sherwood Hills Golf Course, Sherwood Hills Resort and surrounding land in the Sardine Canyon. 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. 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 Secluded mountain get-away within 15 minutes of Logan & Brigham City Cache County Population: 117,449 Box Elder County Population: 49,475 Direct Highway Access Airport Access: SLIA: 71 minutes Ogden Airport: 37 minutes Logan Airport: 28 minutes (P) conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved. 2

3 (P) conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved. 3

4 (P) conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved. 4

5 Seller 1 Total Land: acres Price: $16,500, Includes the Sherwood Hills Resort Parcels: & & , , , ) Seller 2 Total Land: Price: $1,850, Includes the Sherwood Hills Golf Course and Club House Parcels: , , , (P) conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved. 5

6 CACHE COUNTY Cache County, located at the northern edge of Utah. The Wasatch Mountains border the county on the east, and a spur of the Wasatch, the steep Wellsville Mountains, border it on the west. Economy: manufacturing, trade, education, agriculture, dairying Interesting places: Cache National Forest, Logan Canyon, Hardware Ranch Wildlife Management Area, Beaver Mountain ski area, Hyrum Lake State Park, Ronald V. Jensen Living Historical Farm, Logan LDS Temple and Tabernacle, Wellsville LDS Tabernacle, Logan Historic District, Utah State University (Old Main, Nora Eccles Harrison Art Museum). With some 17,000 students currently enrolled, USU has grown to be the county s largest single employer and a major cultural resource for the community. Cache County s economy also includes manufacturing, retail trade, and services ACCOLADES Forbes List: #5 Best Small Places For Business And Careers Fastest Growing County in the United States TOP EMPLOYERS Utah State University Icon Health and Fitness Cache County School District Swift Beef Company Convergys Logan Regional Hospital Logan School District POPULATION Moore Wallace Gossner Foods Logan City Walmart Thermo-Fisher Laboratories Space Dynamics Laboratory Pepperidge Farms Cache County Schreiber Foods Huclone Laboratories Sunshine Terrace Foundation Weather Shield Mfg Inc Presto Products MEDIAN HOUSEHOLD INCOME MEDIAN AGE 117,449 $50, (P) conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved. 6

7 UTAH The benefits Utah brings to businesses are substantial, providing an abundance of highly educated, young individuals who are motivated to work and eager to succeed. MEDIAN AGE: Utah has the youngest median age of any state in the country exceeding national averages by a large margin with a population that is on average almost eight years younger and households roughly 20% larger. Most Utah has a median age of less than 30. EDUCATION: Utah has one of the most educated populations in the nation. As a state, over 90% of its citizens have at least a high school degree, and over 55% have attended some college, with over 28% having earned a Bachelor s degree. MEDIAN AGE 30.6 EDUCATION ECONOMIC GROWTH: The Utah economy remains healthy. Every major industrial sector expanded in 2016, contributing a total of 49,500 new jobs over the year. An annual employment growth rate of 3.6 percent was above the state s long-term average and among the strongest in the nation. Utah s construction sector posted the highest job growth in 2016, 6.8 percent, fueled by both robust residential and commercial activity. The value of commercial construction reached a record $2.5 billion in 2016 Low unemployment and rising wages for Utahan s, along with growth in travel and tourism activity Utah s ski resorts and national parks hosted a record number of visitors in 2016 contributed to exceptionally strong job growth of 6.1 percent in the state s leisure and hospitality sector over the past year. 55 % EMPLOYMENT GROWTH 3.6 % (P) conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved. 7