UNIVERSAL TECHNICAL INSTITUTE INC
For the period ended Sep 30, 2024. Filed Dec 5, 2024.
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FY2024 · Filed Dec 5, 2024
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Item 2. PROPERTIES
The following sets forth certain information relating to our campuses and corporate headquarters as of September 30, 2024. Many of the leases are renewable for additional terms at our option. Our facilities are utilized consistent with management’s expectations, and we believe such facilities are suitable and adequate for currently identifiable requirements and that additional space, if needed, can be obtained on commercially reasonable terms to meet any future requirements.
| Location | Brand | Approximate Square Footage | Leased or Owned | Lease Expiration Date |
|---|---|---|---|---|
| Campus locations: | ||||
| Arizona (Avondale) | UTI/MMI | 283,000 | Owned | N/A |
| California (Garden Grove) | Concorde | 45,000 | Leased | March 2032 |
| California (Long Beach) | UTI | 137,000 | Leased | August 2030 |
| California (North Hollywood) | Concorde | 35,000 | Leased | May 2027 |
| California (Rancho Cucamonga) | UTI | 148,000 | Leased | September 2031 |
| California (Sacramento) | UTI | 117,000 | Leased | February 2033 |
| California (San Bernardino) | Concorde | 48,000 | Leased | March 2028 |
| California (San Diego) | Concorde | 34,000 | Leased | January 2027 |
| Colorado (Aurora) | Concorde | 55,000 | Leased | December 2025 |
| Location | Brand | Approximate Square Footage | Leased or Owned | Lease Expiration Date |
|---|---|---|---|---|
| Florida (Jacksonville) | Concorde | 46,000 | Leased | December 2027 |
| Florida (Miramar) | UTI | 103,000 | Leased | March 2032 |
| Florida (Miramar) | Concorde | 33,000 | Leased | April 2028 |
| Florida (Orlando) | UTI/MMI | 154,000 | Owned | N/A |
| Florida (Orlando) | UTI/MMI | 34,000 | Leased | March 2031 |
| Florida (Orlando) | Concorde | 41,000 | Leased | April 2030 |
| Florida (Tampa) | Concorde | 30,000 | Leased | January 2027 |
| Illinois (Lisle) | UTI | 187,000 | Owned | N/A |
| Michigan (Canton) | MIAT | 125,000 | Leased | April 2036 |
| Mississippi (Southaven) | Concorde | 23,000 | Leased | March 2027 |
| Missouri (Kansas City) | Concorde | 40,000 | Leased | June 2032 |
| Missouri (St. Joseph) | Concorde | 50,000 | Leased | June 2036 |
| New Jersey (Bloomfield) | UTI | 102,000 | Leased | December 2030 |
| North Carolina (Mooresville) | NASCAR Tech | 146,000 | Leased | October 2030 |
| Oregon (Portland) | Concorde | 33,000 | Leased | July 2034 |
| Pennsylvania (Exton) | UTI | 129,000 | Leased | October 2029 |
| Tennessee (Memphis) | Concorde | 72,000 | Leased | August 2031 |
| Texas (Austin) | UTI | 107,000 | Leased | October 2032 |
| Texas (Dallas) | Concorde | 47,000 | Leased | March 2031 |
| Texas (Dallas/Ft. Worth) | UTI | 95,000 | Owned | N/A |
| Texas (Houston) | UTI | 172,000 | Owned | N/A |
| Texas (Houston) | MIAT | 54,000 | Leased | June 2029 |
| Texas (Grand Prairie) | Concorde | 50,000 | Leased | January 2029 |
| Texas (San Antonio)1 | Concorde | 48,000 | Leased | February 2033 |
| Other locations: | ||||
| Arizona (Phoenix) | UTI and Corporate | 21,000 | Leased | February 2027 |
| Missouri (Overland Park)2 | Concorde | 8,000 | Leased | November 2030 |
(1) In December 2023, we renewed our lease on the Concorde San Antonio, Texas campus for an additional eight year term.
(2) In July 2024, we came to an early lease termination agreement on the Concorde Kansas City, Missouri corporate office, which had been vacated for a smaller space in July 2023.
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