2 BUILDINGS // 266,064–550,819 SF BUILD-TO-SUIT OPTIONS FOR LEASE // POWERHOUSE INDUSTRIAL PARK VIRTUAL TOUR VIRTUAL FLYOVER LOCATED IN A QUALIFIED OPPORTUNITY ZONE UNDER CONSTRUCTION
2 BUILDINGS // 266,064–550,819 SF BUILD-TO-SUIT OPTIONS FOR LEASE // POWERHOUSE INDUSTRIAL PARK
VIRTUAL TOUR VIRTUAL FLYOVERLOCATED IN A QUALIFIED OPPORTUNITY ZONE
UNDER
CONSTRUCTIO
N
1820 NORTH TECHNOLOGY DRIVE // SPRINGVILLE // UTAH 84663
POWERHOUSE INDUSTRIAL
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BUILDING 1
SUMMARY
At over 550,000 square feet across 30.75 acres, PowerHouse Industrial Park is located in Utah County’s only qualified industrial opportunity zone, offering tenants significant potential tax advantages with the benefits of relevant and current design, brand new construction, substantial parking, competitive rates and an experienced development team. The quality of the asset combined with its strategic location creates a unique opportunity for tenant operations. Call for pricing.
CONSTRUCTION UPDATE >> PowerHouse Industrial Park is currently under construction and will be pad ready by March 15. Footings and foundations are being poured on March 20.
> 266,064 total SF
> 17,740 SF minimum divisibility
> 36 dock-high doors
> 9 ground-level doors
> 30’ clear height
> 281 parking stalls
> 284,755 total SF
> 21,940 SF minimum divisibility
> 30 dock-high doors
> 8 ground-level doors
> 30’ clear height
> 352 parking stalls
BUILDING 2
1820 NORTH TECHNOLOGY DRIVE // SPRINGVILLE // UTAH 84663
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SITE PLAN
50’
56’
56’
56’
56’
56’
60’
56’
DOCK AREA DOCK AREA DOCK AREA
60’
55’
50’
50’
50’
50’
56’
BUILDING 1266,064 SF
LOT SIZE16.31 ACRES
DOCK AREA DOCK AREA DOCK AREA DOCK
AREA
PARKING
PARKING
PARK
ING
PARK
ING
PARK
ING
PARK
ING
RAMP AREA
RAMP AREA
RAMP AREA
RAMP AREA
RAMP AREA
RAMP AREA
RAMP AREA
RAYMOND KLAUCK WAY
MO
UN
TAIN
SPR
ING
S PA
RKW
AY
TECH
NO
LOG
Y D
RIVE
BUILDING 2284,755 SF
LOT SIZE13.63 ACRES
1820 NORTH TECHNOLOGY DRIVE // SPRINGVILLE // UTAH 84663
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BUILDING 1 FLOOR PLAN
BUILDING 1 >> 266,064 SF // 30’ clear height // 17,740 SF minimum divisibility
1820 NORTH TECHNOLOGY DRIVE // SPRINGVILLE // UTAH 84663
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BUILDING 2 FLOOR PLAN
BUILDING 2 >> 284,755 SF // 30’ clear height // 21,940 SF minimum divisibility
1820 NORTH TECHNOLOGY DRIVE // SPRINGVILLE // UTAH 84663
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BUILDING 1 ELEVATION
WEST ELEVATIONEAST ELEVATION
NORTH ELEVATION
SOUTH ELEVATION
1820 NORTH TECHNOLOGY DRIVE // SPRINGVILLE // UTAH 84663
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BUILDING 2 ELEVATION
WEST ELEVATIONEAST ELEVATION
NORTH ELEVATION
SOUTH ELEVATION
1820 NORTH TECHNOLOGY DRIVE // SPRINGVILLE // UTAH 84663
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SITE
SITE MAP
1820 NORTH TECHNOLOGY DRIVE // SPRINGVILLE // UTAH 84663
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KEY FACTS
EDUCATION EMPLOYMENT 2019 POPULATION BY GENERATION
36,004
7% 65%
815 $72,270
28.1
93% 23%
13,384 $24,535
3.43
75% 12%
39% 6.4%
37,760 $138,930
Population
No High School Diploma White CollarSilent and Greatest Generation
Baby Boomer
Generation X
Millennial
Generation Z
Generation Alpha
0 4,000 8,000 12,000
Total Businesses Median Household Income
Median Age
High School Graduate Blue Collar
Total Employees Per Capita Income
Average Household Size
Some College Services
College Degree Unemployment
Daytime Population Median Net Worth
BUSINESS INCOMEUtah Lake
Springville
Spanish Fork
Provo
SPRINGVILLE DEMOGRAPHICS
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UTAH COUNTY MAJOR MANUFACTURING
1820 NORTH TECHNOLOGY DRIVE // SPRINGVILLE // UTAH 84663
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• ••
•
••
••
••
••
••• •
•••
••
••
••• •
•
•
••
• ••
••
••
• •Miles
350280210140700
Seattle Spokane
Yakima
Great Falls
Portland
Missoula
Salem
Helena
Eugene
Billings
Boise
Medford
Idaho Falls
PocatelloTwin Falls
Casper
Ogden
Salt Lake City
Reno
Cheyenne
Provo
Sacramento
San Francisco
BoulderDenver
Grand JunctionColorado Springs
Fresno
Pueblo
Las Vegas
BakersfieldSanta Fe
Flagstaff
Los AngelesAlbuquerque
San DiegoPhoenix
TucsonLas Cruces
St George
At the epicenter of the Western United States, Utah’s geographic position is ideal for a growing number of distribution, shipping and trucking companies. Utah offers easy access to Interstates 15, 70 and 80, as well as a number of other U.S. Highway and State Routes. Springville in Utah County is less than 900 miles to every city in the Western United States.
CROSSROADS OF THE WEST
CITY DRIVE TIME (65 MPH)Albuquerque, NM 549 miles 8.44 hours
Bakersfield, CA 657 miles 10.11 hoursBillings, MT 598 miles 9.20 hours
Boise, ID 392 miles 6.03 hoursBoulder, CO 487 miles 7.49 hoursCasper, WY 430 miles 6.62 hours
Cheyenne, WY 462 miles 7.11 hoursColorado Springs, CO 541 miles 8.32 hours
Denver, CO 475 miles 7.31 hoursEugene, OR 840 miles 12.92 hours
Flagstaff, AZ 472 miles 7.26 hoursFresno, CA 767 miles 11.8 hours
Grand Junction, CO 234 miles 3.6 hoursGreat Falls, MT 620 miles 9.54 hours
Helena, MT 533 miles 8.20 hoursIdaho Falls, ID 263 miles 4.05 hours
Las Cruces, NM 769 miles 11.83 hoursLas Vegas, NV 375 miles 5.77 hours
Los Angeles, CA 642 miles 9.88 hoursMedford, OR 783 miles 12.05 hoursMissoula, MT 574 miles 8.83 hours
Ogden, UT 87.6 miles 1.35 hoursPhoenix, AZ 616 miles 9.48 hours
Pocatello, ID 213 miles 3.28 hoursProvo, UT 6 miles 0.09 hours
Pueblo, CO 517 miles 7.95 hoursReno, NV 564 miles 8.68 hours
Sacramento, CA 695 miles 10.69 hoursSaint George, UT 255 miles 3.92 hoursSalt Lake City, UT 51.6 miles 0.79 hours
San Diego, CA 703 miles 10.82 hoursSan Francisco, CA 782 miles 12.03 hours
Santa Fe, NM 576 miles 8.86 hoursSeattle, WA 879 miles 13.52 hours
Spokane, WA 771 miles 11.86 hoursTucson, AZ 728 miles 11.20 hours
Twin Falls, ID 268 miles 4.12 hoursYakima, WA 737 miles 11.34 hours
1820 NORTH TECHNOLOGY DRIVE // SPRINGVILLE // UTAH 84663
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Utah County Industrial // Year-end 2020
UNDER CONSTRUCTION
UNDER CONSTRUCTION
YTD COMPLETED CONSTRUCTION
MARKET OVERVIEW* HISTORICAL VACANCY RATES
OVERALL HISTORICAL ASKING LEASE RATES (NNN)
2,488,540 Total Square Feet
Owner/BTS vs. Spec
1,353,897 Total Square Feet
By Quadrant By Percentage
By Year
*For existing product — does not include asking rents currently under construction
MARKET STATISTICS
CENTRAL
1820 NORTH TECHNOLOGY DRIVE // SPRINGVILLE // UTAH 84663
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48%OF UTAHNS HAVE
OBTAINED POSTSECONDARYCERTIFICATES OR DEGREES
(UTAH.GOV)
MORE THAN
35HIGHER EDUCATION
INSTITUTIONS IN UTAH(NATIONAL DATABASEOF SCHOLARSHIPS)
OVER
79THOUSANDDEGREES AWARDED
IN 2017(DATAUSA.IO)
Utah boasts a HighlyEducated & Skilled
Workforce
UTAH IS EXPERIENCINGOVERWHELMING JOB GROWTH IN
CONSTRUCTION, FINANCIAL,HEALTH &
TECHNOLOGYSECTORS(UTAH.GOV)
ABOUT
54.5THOUSAND
JOBS ADDED TO UTAH’S ECONOMY FROM
JULY 2018-JULY 2019(U.S. BUREAU OF
LABOR STATISTICS)
Opportunities forJobs & Careers
in Utah are Plentiful
ONE OF THE FASTESTGROWING STATES IN THE U.S.
20.7%POPULATION INCREASE
2010-2020(ESRI BAO)
MEDIAN AGE OF
30.9THE YOUNGEST STATE INTHE U.S. BY MEDIAN AGE
(ESRI BAO)
Utah is aYoung & High-Growth
State
THERE ARE MORE THAN
571THOUSAND
MORE PEOPLE IN UTAHTHAN THERE WERE IN 2010
(ESRI BAO)
UTAH NAMED
#2BEST STATE
FOR BUSINESS IN 2018(FORBES)
RANKED
2ndBEST STATE FOR
OVERALL ECONOMY(U.S. NEWS: BESTSTATES RANKING)
AMONG THE TOP STATESIN THE U.S. FOR JOB GROWTH
3.6%UTAH’S JOB GROWTH RATE
JULY 2018-JULY 2019(U.S. BUREAU OF
LABOR STATISTICS)
TheEconomic Conditions
in Utah are Great
ABOUT
15%OF UTAH RESIDENTS SPEAK
A LANGUAGE OTHERTHAN ENGLISH AT HOME
(THE SALT LAKE TRIBUNE)
OVER
120LANGUAGES
SPOKEN IN UTAH(DESERET NEWS)
MORE THAN
246THOUSANDSPANISH SPEAKERS(U.S. CENSUS BUREAU)
Utah contains aMultilingualPopulation
RANKED
4thBEST STATE FOR
VENTURE CAPITAL(U.S. NEWS: BESTSTATES RANKING)
WHY UTAH?
Jarrod Hunt+1 801 787 [email protected]
Josh Martin+1 801 830 [email protected]
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